Answer:
93,760 units
Explanation:
For computing the equivalent units for conversion costs , first we have to compute the transferred units which is shown below:
= Transferred units - ending work in process inventory units
= 90,400 units - 1,600 units
= 88,800 units
Now the equivalent units for conversion costs equal to
= Beginning work in process inventory units × completed percentage + Transferred units × percentage of completion + ending work in process inventory units × percentage of completion
= 4,000 units × 100% + 88,800 units × 100% + 1,600 units × 60%
= 4,000 units + 88,800 units + 960 units
= 93,760 units
Answer:
An Advantage of a Certificate of Deposit (CD) is:
It usually offers a higher interest rate.
Explanation:
For instance, Jones Company can purchase a certificate of deposit (CD) from Bank A. The CD is a financial product that pays a locked and premium interest rate. In exchange for this locked and higher interest rate, Jones Ltd agrees to leave a lump-sum deposit which it cannot withdraw from until a predetermined period of time. A CD is not a saving for a short-term purpose, and does not allow for flexible withdrawals unless after the maturity date has been reached. This implies that Jones Ltd cannot cash it out unless after the maturity date.
Answer:
Cardinal Company
Journal Entries:
Debit Credit
Equipment $2,915,000
Cash $2,915,000
To record investment in equipment.
Cash $2,746,000
Sales $2,746,000
To record revenue from customers.
Variable Expenses $1,126,000
Cash $1,126,000
To record payment to suppliers.
Advertising & Others $615,000
Cash $615,000
To record payment for expenses.
Equipment Depreciation$583,000
Accumulated Equipment Depreciation $583,000
To record depreciation charge for the year.
Explanation:
Journal entries record business transactions as they occur on a daily or periodic basis. They show the accounts to be debited and the accounts to be credited in the Ledger. Journal entries are the first records made in the books of accounts to capture transactions. They have a note explaining the details of each transaction.
