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11111nata11111 [884]
3 years ago
5

An expression of the activity of a process as the number of units that would have been processed during a period if all effort h

ad been applied to units that were started and finished during the period is called:A. Manufacturing overhead.B. Units in process.C. A job cost sheet.D. Equivalent units of production.E. Process cost summary.
Business
1 answer:
gavmur [86]3 years ago
7 0

Answer:

D. Equivalent units of production

Explanation:

The term equivalent units of production refer to all the production at the end of an accounting period. In this period, some units were completed and some are unfinished, with a certain quantity of work made. These units represent a lower number of finished goods and in order to expose the whole production as finished units, only the percentage of work made is considered.

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Carlos Company had beginning inventory of $80,000, ending inventory of $110,000, cost of goods sold of $285,000, and sales reven
DerKrebs [107]

121.67 days

Days in inventory is a measure of the average number of days that inventory is held.

365 days / ($285,000 / (80000+110,000)/2))

365 / (285,000 / {190,000/2})

365/ (285000/95000)

365/3 = 121.67 (rounded)

8 0
3 years ago
This information relates to Monty Real Estate Agency.
kotykmax [81]

Answer:

                                 Journal Entries

Date        Account Titles and Explanation      Debit       Credit

Oct. 1       Cash                                                  $34,040

                     Common Stock                                           $34,040

              (To record the cash is invested in the business)  

Oct. 2 No Journal Entry                               $0

Oct. 3      Office Furniture                                  $4,110

                    Accounts Payable                                         $4,110

               (To record the purchase of office furniture on account)  

Oct. 6      Accounts Receivable                          $10,780

                       Service Revenue                                         $10,780

                 (To record the services provided but cash is not yet collected)

Oct. 10      Cash                                                    $165

                      Service Revenue                                           $165

                (To record the services provided by cash)  

Oct. 27      Accounts Payable                              $690

                        Cash                                                             $690

                 (To record the payment made on accounts payable

                  relating to office furniture)  

Oct. 30      Salaries Expense                                 $2,740

                         Cash                                                           $2,740

                  (To record the payment of salaries to the assistant)

3 0
3 years ago
A ______ company is one that does business in at least one country outside of its country of origin.
alexgriva [62]

Answer:Multi national company

Explanation:

4 0
3 years ago
The method that allocates an equal amount of depreciation to each year of an asset’s service life is:
kvasek [131]

Answer: Straight line method of depreciation

Explanation: Under the straight line method of depreciation the asset is expensed over its useful life. In this method, depreciation or amortization is calculated by dividing the difference of initial cost and salvage value of the asset from its useful number of years.

This method is not commonly used for assets having longer term period but still some business entities use it as it is easy to calculate.

6 0
4 years ago
deluge writing is preparing to launch a new product. the cfo has been asked to present a financing plan to the board. what would
aliina [53]

As the CFO has been asked to present a financing plan to the board, his best approach to keep the company from being heavily leveraged from product launch will be to maintain a moderate debt level.

<h3>What do we mean by Financial leverage?</h3>

Basically, a leverage means the use of debt (borrowed capital) in order to undertake an investment or project. The result of the process is to multiply the potential returns from a project but it will also multiply the potential downside risk in case the investment does not pan out.

Going forward, when we refers to a company as "highly leveraged," this  means that item has more debt than equity. In conclusion, most investors use leverage to significantly increase the returns that can be provided on an investment.

Read more about Financial leverage

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8 0
1 year ago
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