Answer:
These statements are correct:
- It makes it easier to compare prices across Europe - the Euro is the common curriency across 19 countries, but prices in those countries are far from being the same. For example, Germany is a lot more expensive than Greece (although a lot wealthier too), and Greek people can easily find out that the same product in Germany costs more euros than in Greece.
- It makes Europe an optimal currency area - in the Eurozone, economic efficiency is now higher because resources can be allocated across different countries thanks to the fact that prices can be compared in the region.
Answer:
$84,945.
Explanation:
cost to be assigned to the ending Work in Process inventory
= (21000×2.56)100% + (21000×2.25)66%
= $84,945
Therefore, The cost that would be assigned to the ending Work in Process inventory for the period is $84,945.
The real interest rate tells you how fast the purchasing power of your bank account rises over time.
<h3>What is meant by the real interest rate?</h3>
- When a borrower pays back a loan with interest, the lender obtains a gain in purchasing power that is expressed as a percentage.
- In the previous illustration, the lender made $8 on the $100 loan, or 8%.
<h3>What is real and nominal interest rate?</h3>
- The real rate of a bond or loan is determined by adjusting a real interest rate to account for the impacts of inflation.
- The interest rate before accounting for inflation is referred to as a nominal interest rate.
<h3>Why real interest rate is important?</h3>
- Real interest rates are the main concern of economists.
- Investors may be forced to take on greater risk or withdraw entirely depending on the real rate.
- Without ever taking a dollar, it can drain your savings.
- Every central bank in the world has it on their radar.
Learn more about real interest rate here:
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Answer:
<u>cost to be accounted for:</u>
beginning cost: 180,000
added cost 756,000
total cost <em> 936,000</em>
<u>cost accounted for:</u>
ending WIP 30,000 x 5.2 = 156,000
trasnsferred-out: 150,000 x 5.2 = 780,000
total cost accounted for <em> 936,000</em>
Explanation:
150,000 completed
50,000 at 60%
weighted average equivalent unit:
complete + percetage of completion ending WIP
150,000 + 50,000 x 60% = 180,000
Cost per unit:
936,000 / 180,000 = 5.2 dollar per unit
we should match the total cost pool with the ending WIP and trasnferred out units
