Answer:
$5.70
Explanation:
The calculation of conversion costs for the month is given below:-
Units started to completed during the period = Units completed during the month - Units started during the month
= $104,000 - $16,400
= $87,600
So, to complete the started work in progress :-
The Conversion = $16,400 × (100% - 20%)
= $13,120
Units started to completed during the period $87,600
And, the ending work in progress
For Conversion = $13,400 × 30%
= $4,020
Therefore, the Equivalent production of units is
= $87,600 + $13,120 + $4,020
= $104,740
So, The cost of per per equivalent unit is
= Cost added during the period ÷ Equivalent units of production
= $597,123 ÷ $104,740
= $5.70
Answer: a). Straight line method = $10,000. b). Double declining balance method = $20,000.
Explanation: Depreciation is the weat and tear of an asset over the useful life. There are several methods of depreciation. They include; straight line method, double-declining method, units of production method and so on.
Straight line method = (cost - salvage value)/ useful life
= (55000 - 5000)/5 = 50000/5
= $10,000
Double-declining balance method = straight line method × 2
= $10,000 × 2
= $20,000
Answer:
Net cash flow is $850
Explanation:
Net cash flow =Monthly Cash inflows - Monthly Cash outflows
= Salary + Dividend Income - expenses
= $2,000 + $100 - $800 - $350 - $100
= $850
Therefore, Jeff's net cash flow for this month is $850.
Answer:
it will take 20.75 year to reach amount $20000
Explanation:
It is given that average worker in China makes $5000 per year
So principal amount P = $5000
It is given that wage are keeping up with a rate of 7%
So rate of interest r = 7 %
We have to find the time in which amount will become $20000 per year
We know that total amount is given by 
, here n is time period and r is rate of interest
So 
So 
Taking log both side
n = 20.75 year
So it will take 20.75 year to reach amount $20000
