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3 years ago

EA3.

Business

1 answer:

icang [17]3 years ago

3 0

Answer:

3,000 units and 1,950 units

Explanation:

For computing the equivalent units of ending work in process for materials and conversion cost, first we have to determine the ending work in process units which is shown below:

Ending work in process units = Beginning inventory + units started - units completed and transferred

= 2,500 units + 18,000 units - 17,500 units

= 3,000 units

Now the equivalent units of ending work in process for materials would be

= 3,000 units × 100%

= 3,000 units

And, for conversion cost it would be

= 3,000 units × 65%

= 1,950 units

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The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,3

Alenkasestr [34]

Answer:

ending inventory using FIFO = $11,700

ending inventory using LIFO = $7,500

ending inventory using average method = $9,435

Explanation:

date item units price total

Jan. 1 beginning inv. 2,500 $5 $12,500

Feb. 17 purchase 3,300 $6 $19,800

July 21 purchase 3,000 $7 $21,000

Nov. 23 purchase 1,200 $8 $9,600

total 10,000 $62,900

Dec. 31 ending inv. 1,500

ending inventory using FIFO = (1,200 x $8) + (300 x $7) = $11,700

ending inventory using LIFO = 1,500 x $5 = $7,500

ending inventory using average cost = 1,500 x $6.29 = $9,435

5 0

3 years ago

Which statements best describe how businesses can take advantage of globalization? Check all that apply.

hammer [34]

Answer:

Answers 1, 3 and 5 are correct

Explanation:

With globalization using lower labor costs in other countries ocurs through things like outsourcing. Transporting resources quickly from distant locations can also be done through globalization. For example, the U.S. imports less expensive from countries like China. Communicating more quickly with other countries can be see through social media etc.

5 0

3 years ago

Read 2 more answers

Steve is staying at a hotel while on business in Chicago, but he forgot to bring his ties. Who would he most likely turn to for

babymother [125]

Answer:

Steve

Explanation:

because he can get in contact with Steve while in the hotel

5 0

2 years ago

Suppose that we observe two comparable properties that have each sold twice within the past four years. Property A sold 24 month

Elina [12.6K]

Answer:

0.475% per month

Explanation:

value of property A 24 months ago = $500,000

current value of property A = $425,000

total decrease in value = $500,000 - $425,000 = $75,000 or 15%

monthly % decrease:

1.15 = (1 + r)²⁴

²⁴√1.15 = (1 + r)

1.0058 = 1 + r

r = 0.00584 = 0.58% decrease per month

value of property B 48 months ago = $575,000

current value of property A = $465,000

total decrease in value = $575,000 - $465,000 = $110,000 or 19.13%

monthly % decrease:

1.1913= (1 + r)⁴⁸

⁴⁸√1.1913 = (1 + r)

1.0037 = 1 + r

r = 0.0037 = 0.37% decrease per month

if both properties are weighted equally, then the market decrease per month = (0.58% x 1/2) + (0.37% x 1/2) = 0.475% per month

4 0

3 years ago

There is no difference between the law of diminishing marginal returns and the law of diminishing marginal rate of technical sub

Tasya [4]

Answer:

False

Explanation:

There is a huge difference between Diminishing marginal utility and law of diminishing marginal rate of technical substitution. The diminishing marginal rate of utility is used to construct short-run production function and it is based on cardinal utility. Correspondingly, the law of diminishing marginal utility is used to construct long-run isoquants and isocost curve, and it represents ordinal utility.

7 0

3 years ago