Answer:
Equivalent Units = 61,200
Explanation:
The transferred units, means they complete their process, so move out and count as 100%
The ending WIP will be compute for their completion percent.
54,000 Transferred out
12,000 x 60% 7,200 equivalent
Equivalent Units = 61,200
Answer:
D. All of the above.
Explanation:
In the Aggregate Expenditure model or approach to GDP, GDP is calculated using the following formula:
GDP = C + I + G + NX (X-M)
Where:
- C = consumption
- I = Investment
- G = Government spending
- NX = Net exports
As can be seen, each of the elements of the equation are necessary to understand (calculate) GDP by the AE approach. Each element is also important to show how macroeconomic equilibrium is reached. Thus, the correct answer is D.
Answer:
The answer is letter A.
Explanation:
No, because the relevant cost of the new machine is $10,000 more than the cost of the old machine.
Answer:
$240,200
Explanation:
The computation of the account receivable amount reported in the balance sheet is given below:
Bad debt expense os
= $900000 × .50%
= $4,500
And,
Allowance for doubtful accounts after adjustment is
= $4,500 + $300
= $4,800
Now
Balance of account receivable is
= $245,000 - $4,800
= $240,200
