Answer:
Trade
Explanation:
The consumption possibility can be gotten from three different factors, it could be gotten from opportunity for trade, production set and also from consumption behavior.
Involving in trade would reduce the prices of goods for consumers, especially in a country that is involved in importation. It creates gains for consumers. Therefore it can be said that trade is a key to better consumption possibilities.
Answer:
a. 9,030 units.
Explanation:
The computation of the weighted average equivalent units produced is
= Beginning units f product in a department + additional started and completed units + ending work in process units after considering the one-fourth completion
= 880 units + 8,000 units + 150 units
= 9,030 units
The ending work in process units come
= 600 units ÷ 4
= 150 units
Answer:
The question is missing the below details
$316,000
$268,000
$304,000
$364,000
$232,000
The net income under absorption costing is $268,000.00
Explanation:
Under absorption costing the entire fixed overhead is absorbed in one period but variable costing only charges the fixed costs that relate to items sold as the period expense.
It must be noted that in calculating net income under absorption costing, that the net income under variable costing is adjusted for fixed overhead relating closing and opening inventories
The net income under absorption costing is :
Net income under variable costing $232000 additional fixed overhead on closing inventory(14000*6 $84000
less fixed overhead in opening inventory (8000*6) ( $48000)
Net income $268000
Answer:
The answer is 38 days
Explanation:
The average collection period is the number of days it takes a company to convert its credit sales to cash
Average collection period = (account receivables/average credit sales) x 360 days
Credit sales = 80% of $5,625,000
=0.8 x $5,625,000
=$4,500,000.
Average collection period is therefore,
($475,000/$4,500,000) x 360 days
=0.10555556 x 360days
=38 days
