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Katena32 [7]
3 years ago
14

Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inven

tory (60% complete) on October 1. During October, 3,900 tons were completed. The ending work in process inventory on October 31 was 300 tons (25% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process
Business
1 answer:
belka [17]3 years ago
6 0

Answer:

The total equivalent units for direct materials for October is  4,200

Explanation:

The Concept of Equivalent Units measures the number of units completed in terms of input element introduced in the process.

The Equivalent Units are Calculated on the units ending that is on  the Units Completed and Units of Closing Work in Process

Note that materials are added at the beginning of the process

<u>Units Completed</u>

Are 100% complete in terms of Raw Materials

Equivalent units = 3900 × 100 % = 3900

<u>Units of Closing Work in Process</u>

Are 100% complete in terms of Raw Materials

Equivalent units = 30 × 100 % = 300

Total Equivalent Units = 3900+300 =  4,200

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Merchandise sold FOB destination indicates that: Multiple Choice The seller transfers title to the buyer once the merchandise is
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Answer:

The seller transfers title to the buyer once the merchandise is shipped

Explanation:

Free onboard shipping point refers to a practice where the buyer of a product takes responsibility of the good once it is shipped by the seller.

So when the supplier ships a product he can record a sale because the ownership of the good has been shifted to the seller abd he will be paid for services rendered.

The buyer will record an increase in his inventory at this point and make provision for risk of shipping along with shipping cost.

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3 years ago
An increasingly important advantage of the limited liability company is that its members?
victus00 [196]

An increasingly important advantage of the limited liability company is that its members are "able to deduct its operating losses against the member's regular revenue to the extent permitted by law".

<h3>What do you mean by limited liability company?</h3>

A Limited Liability Company (LLC) is refers to as a type of organization in which the members of that company is not liable for the losses occur in the business. The duties and responsibilities regarding losses are restricted here.

Adding to it, that means if the company fails to pay off its losses or debts to creditors, the personal assets of the members will not be added while paying the debt.

It is an enterprise structure that is the combination of the pass-thru taxation that is related to a partnership or sole proprietorship along with the rules of the company.

The main advantage of this type of company is that the members of that LLC can reduce their all operating losses like travelling, insurance, office supplies, payroll etc.

Moreover, the other benefits of Limited liability company include that this is more flexible than the other corporations and it provides different rights, classes and preferences to their members or managers.

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8 0
1 year ago
On January 1, the Elias Corporation issued 10% bonds with a face value of $99,000. The bonds are sold for $97,020. The bonds pay
Vikentia [17]

Answer:

c. $9,702

Explanation:

Elias Corporation has issued 10% bond the semi annual rate of bond is 10%. The 10% rate is divided by 2 to find the actual semi annual rate of interest on the bond. The rate of bond is 5%. The amount at which bond can be sold will be used to calculate interest expense of the bond.

$97,020 * 5% = $4,851

The annual interest expense will be, $4,851 * 2 = $9,702

The correct answer is c.$9,702

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3 years ago
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lapo4ka [179]

Answer:

The appropriate approach is "Principal-agent problems".

Explanation:

  • A contradiction of objectives or priority between someone individual or organization as well as the authorized accompanying documents to operate over its behalf is considered as Principal-agent problem.
  • The possession of a commodity or fundamental assigns immediate supervision of that resource to some other agency may transpire in whatsoever circumstance.
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3 years ago
Offering material inducements to gain international cooperation is an example of:
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<h3>♫ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ♫</h3>

➷ It is an example of 'hard power'

<h3><u>✽</u></h3>

➶ Hope This Helps You!

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