Answer:
a.$3.35
Explanation:
The first step in determining conversion cost per unit is to calculate the Total Equivalent units of production for Conversion Costs.
Conversion Costs
Units Completed and transferred (15,000 × 100%) = 15,000
Units in Ending Work In Process (3,000 × 75%) = 2,250
Total Equivalent units of production = 17,250
The next step is to determine the total conversion cost of production incurred during the period.
Conversion Costs
Conversion Costs in Beginning Work In Process $4,800
Conversion Costs added during the period ($33,000 + $20,000) $53,000
Total Conversion Costs $57,800
Finally calculate the conversion cost per unit
Conversion cost per unit = Total Conversion Costs / Total Equivalent units of production
= $57,800 / 17,250
= $3.35 (to the nearest cent)
Yes, I think it is important to save for retirement as early as 18 years old. I think this so that if anything goes wrong you can have kind of like a safety net.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Berry Co. purchases a patent on January 1, 2021, for $33,000 and the patent has an expected useful life of five years with no residual value.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= 33,000/5= $6,600
*A limited partner's signature on the subscription agreement grants the general partner power of attorney to conduct the partnership's affairs. The subscription agreement for a limited partnership is deemed accepted when the general partner signs the subscription agreement.
<h3>What is a subscription agreement for a limited partnership?</h3>
The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership. When the general partner signs the subscription agreement, it is considered approved for a limited partnership.
<h3>What does the general partner's signature on the subscription agreement mean?</h3>
The limited partners are given authority to manage the partnership's affairs by the general partner's signature. The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership.
<h3>What is a recourse note in a limited partnership?</h3>
Recourse notes obligate the limited partner to make payments regardless of what transpires. He is legally responsible for the $40,000, making his tax base and possible maximum loss $50,000.
A) manage partnership assets on behalf of the partnership as an agent. B) offer the limited partnership real estate.
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-Whenever countries have different opportunity costs in production they can benefit from specialization and trade.
-Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.
