Answer:
39,300 ounces
Explanation:
Calculation for How many ounces were started and completed during the period
Using this formula
Numbers of ounces started and completed during the period= Filling Department completed ounces during the period - Work in process at the beginning of the period
Let plug in the formula
Numbers of ounces started and completed during the period=46,800 ounces -7,500 ounces
Numbers of ounces started and completed during the period=39,300 ounces
Therefore How many ounces were started and completed during the period is 39,300 ounces
Answer:
Knowing what consumers want helps producers make more money.
Explanation:
The statement that best explains why producers conduct market research would be that Knowing what consumers want helps producers make more money. If the producers know exactly what the consumers want and how much then they can easily create those products knowing that they will sell every last one of them. Therefore eliminating most of the risk involved with production and generating more profit.
Answer:
62,400 units
Explanation:
The computation of the equivalent units for conversion cost is shown below:
= Started and completed units × completion percentage + closing inventory units × completion percentage
where,
Started and completed units is
= 65,000 units - 6,500 units
= 58,500 units
So the equivalent units is
= 58,500 units × 100 + 6,500 units × 60%
= 58,500 units + 3,900 units
= 62,400 units
The 3/5 finished means 60% is finished
Answer: Future Value FV = 169,500
Explanation:
The information given to us are;
Present value PV = 113000
Interest R = 10% = 0.01
number of years T = 5
Future value FV = ?
So using the formula
FV = PV * [1 + (R * T)],
We input our value
FV = 113000 * [ 1 + ( 0.1 * 5) ]
FV = 113000 * [ 1 + 0.5]
FV = 113000 * 1.5
FV = 169500
Answer: c) economies of scale; increase
Explanation:
When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to economies of scale and increase real GDP per capita in the domestic country.
When this industry choose to break out of this limitation placed on them due to the small size of market in their country, the idea of opening trade to the world market would lead to reduction in production costs since they now have a larger market (and thus produce more). Also, the real GDP per capita in the domestic country should increase since the company in this domestic nation has expanded its production to the world market.
NOTE:
Economies of scale occur when the cost of production is now reduced because there is an increase in a company's production.
