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MArishka [77]
2 years ago
13

Red Company had Work-in-Process Inventories that were 45% complete at the start of the month. Work-in-Process at the end of the

month was 10% complete. Materials were added at the beginning of the process. If weighted-average process costing is used, the total equivalent units for materials will equal the number of units A. transferred out during the period.B. started and completed during the period.C. started into the process during the period.D. transferred out during the process plus the units in the ending inventory.
Business
1 answer:
givi [52]2 years ago
8 0

Answer:

D. transferred out during the process plus the units in the ending inventory.

Explanation:

Using the Weighted - Average process costing the equivalent units of production always equals the units completed and transferred plus equivalent units remaining in work in process.

Remember that to calculate the equivalent units remaining must multiplicate the units per the percentage of completion. In this case, the percentage is 100% of materials for the units remaining because were added at the beginning of the process.

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What does the last paragraph in a cover letter deal with ?
scoundrel [369]
Answer:

contact

Explanation:

The closing paragraph of a cover letter is where you can mention your contact information and request for an interview.
4 0
3 years ago
In January, Tongo, Inc., a branding consultant, had the following transactions.
olchik [2.2K]

Answer:

first I will journalize the transactions:

a. Received $13,200 cash for consulting services rendered in January.

Dr Cash 13,200

   Cr Service revenue 13,200

b. Issued common stock to investors for $8,000 cash.

Dr Cash 8,000

   Cr Common stock 8,000

c. Purchased $11,200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 years.

Dr Equipment 11,200

   Cr Cash 2,800

    Cr Notes payable 8,400

d. Received $11,800 cash for consulting services to be performed in February.

Dr Cash 11,800

    Cr Unearned revenue 11,800

e. Bought $1,750 of supplies on account.

Dr Supplies 1,750

   Cr Accounts payable 1,750

f. Received utility bill for January for $2,060, due February 15.

Dr Utilities expense 2,060

    Cr Accounts payable 2,060

g. Consulted for customers in January for fees totaling $19,900, due in February.

Dr Accounts receivable 19,900

    Cr Service revenue 19,900

h. Received $13,300 cash for consulting services rendered in December.

Dr Cash 13,300

    Cr Accounts receivable 13,300

i. Paid $875 toward supplies purchased in (e).

Dr Accounts payable 875

   Cr Cash 875

Tongo, Inc.

Unadjusted trial balance sheet

For the month ended January 31, 202x

                                                              Debit             Credit

Cash                                                   $56,825                      

Accounts Receivable                        $23,800

Supplies                                                $3,010

Equipment                                          $16,000

Accounts Payable                                                       $9,035

Unearned Revenue                                                   $15,050

Note Payable                                                              $8,400

Common Stock                                                          $18,000

Retained Earnings                                                       $18,110

Service Revenue                                                       $33,100

Utilities Expense                                 <u>$2,060 </u>         <u>              </u>

Totals                                                  $101,695        $101,695

8 0
3 years ago
Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and a typical gasoli
kodGreya [7K]

Answer:

-1.5

Explanation:

Given the following :

Rothschild index = 0.6

Elasticity of demand for total market = - 0.9

Annual sale = $1,450,000

Elasticity of demand for a representative retailer's product :

Using the Rothschild demand Elasticity relation:

Rothschild index = (Elasticity of demand for total market / Elasticity of demand for a representative retailer's product

0.6 = - 0.9 / Elasticity of demand for a representative retailer's product

Elasticity of demand for a representative retailer's product = - 0.9 / 0.6

= - 1.5

4 0
3 years ago
Explain why economists are concerned with relative scarcity as opposed to absolute scarcity?​
STatiana [176]

Answer:

Absolute scarcity: First, it may be that there are simply insufficient quantities of a resource to meet human needs or wants. ... Relative scarcity: Second, there may be physical quantities of a resource present but scarcity exists because of problems about supply or distribution.Jan 19, 2012

Explanation:

7 0
3 years ago
Read 2 more answers
Mary offered to sell Mike several pieces of rare Chinese art at a very good price because they were duplicates in her own collec
Alekssandra [29.7K]

Answer: She is not.

Explanation:

It would seem as though that Mary got into a type of contract known as an Option Contract or more precisely, a Call Option Contract simply called a Call.

In this type on contract, a seller gives a buyer the right to buy a good or service at a certain price within a set period.

Mary agreed to sell the rare Chinese Art for a certain amount which Mike could not pay but she promised to give him 3 weeks to take it within which he can pay and collect the item.

Mike returned in 2 weeks which was within the range of time allowed and so she should have kept the offer open for the time she said she would.

She is wrong to believe that all she owes him is his down payment. She broke a contract.

4 0
3 years ago
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