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docker41 [41]
4 years ago
7

If a department that applies FIFO process costing starts the reporting period with 50,000 physical units that were 25% complete

with respect to direct materials and 40% complete with respect to conversion, it must add 12,500 equivalent units of direct materials and 20,000 equivalent units to direct labor to complete them. True or false?
Business
1 answer:
Pepsi [2]4 years ago
3 0

Answer:

The answer is: False

Explanation:

The department had 50,000 units which were:

  • 25% complete with respect to direct materials (equivalent to 12,500 units), to finish them it must add 37,500 equivalent units of direct materials.
  • 40% complete with respect to conversion (equivalent to 20,000 units), to finish them it must add 30,000 equivalent units of direct labor.
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3 years ago
Which financial statement would include a listing of a companies assets
Thepotemich [5.8K]

Answer:

Balance Sheet

Explanation:

In accounting, Balance sheet will show a complete listing of  assets, liabilities and  Equity of a company within a specific time period. (For most companies, the balance sheet will be made at each end of the year)

under the Assets segment, Balance sheet will specify several accounts arranged based on their liquidity. Cash usually put at the top of the list since it's considered as the most liquid assets.

People use balance sheet to give a general measurement on Company's financial health. If for example, they noticed that the liability is significantly larger than their assets, investors might feel discourage to invest in the company.

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3 years ago
Which of the three types of business is the shoe store?
andrew-mc [135]

Answer:

I think a shoe store would be considered a corporation, however it could be a sole proprietorship meaning the business is solely owned and taken care of by one person, but that's unlikely since a shoe store would need employees to maintain their store.

Explanation:

There are three categories of business which are the following:(1) sole proprietorship, (2) partnership, and (3) corporation. Within each category, there are several variations.

Hope I helped, have a nice day :)

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3 years ago
Dianne Doolittle wants to download an itemized invoice for the QuickBooks Online subscriptions on her wholesale billing account
ANTONII [103]

Answer:. CSV and PDF

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When downloading an itemized invoice for this there are 2 file formats that QuickBooks permits people to use which are CSV and PDF file formats.

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The equity approach has a tendency to yield different financial statement outcomes for a particular investment in equity securities than the fair value technique would.

A financial investment in a firm known as an equity investment entails buying its stock on the stock market. On a stock exchange, these shares are commonly exchanged.

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Fair market value (FMV) is the cost of an asset when a buyer and a seller have reasonable knowledge of it and are ready to negotiate a price without being under any obligation. A corporation can report the earnings it makes from its investment in another business using the equity method of accounting.

To learn more about equity securities:

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2 years ago
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