Answer:
d. compound interest
Explanation:
Compound interest basically means that previously earned interests will earn interests on their own. For example, you invest $100 and receive a 5% yield. At the end of year 1 you will have $105. At the end of year 2 you will have $105 x 1.05 = $110.25. The $5 in interests previously earned during year 1 will earn $0.25 interest during year 2.
Answer and Explanation:
The computation of the equivalent units for direct material and conversion cost is shown below:
Physical units Direct Materials Conversion Cost
Beginning
Work in process
100% and 50% 250
Units Started 800
Total Units
Under process 1,050
Less : Ending
Work in process 150
Units Transferred
to TestingDepartment 900 900 900
Ending Work in process 150 150 112.50
(100% and 75%)
Equivalent units ofproduction 1,050 1,050 1,012.50
Answer:
5.52%
Explanation:
Calculation to determine the current yield
Current yield = ($26.00 × 2)/$941.35
Current yield=$52/$941.35
Current yield= .0552*100
Current yield= 5.52%
Therefore the Current yield is 5.52%
Answer:
Company name as well as their logo.
Answer: When computing the cost per equivalent unit, the weighted-average method of process costing considers: C) costs incurred during the current period plus cost of beginning work in process inventory.
Explanation: This is because the weighted-average method takes into account the costs of the previous period and the costs of the current period.
