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3 years ago

Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

Business

1 answer:

kupik [55]3 years ago

3 0

Answer:

a. The equivalent units for materials using the weighted-average method 223432 gallons

b. The equivalent units for conversion costs using the weighted-average method 218714 gallons

Explanation:

The Concept of Equivalent units needs to be first defined.Equivalent Units in process costing is the number of units in terms of completion stage or percentage of a certain input element in the process.

Step 1 Calculate the Units of Closing Work In Process

Hint: Units IN must equal units Out

Units of Closing Work In Process = Units of Opening Work In Process + Units Started during the year - Units of Closing Work In Process

Therefore Units of Closing Work In Process = 43300+235400-211300

= 67400 units

Step 2 Calculate the Equivalent Units of Materials

Closing Work In Process ( 67400×18%) = 12132

Completed and Transferred Out ( 211300×100%) = 211300

Total 223432

Step 3 Calculate the Equivalent Units of conversion costs

Closing Work In Process ( 67400×11%) = 7414

Completed and Transferred Out ( 211300×100%) = 211300

Total 218714

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The Federal Open Market Committee (FOMC). Multiple Choice provides advice on banking stability to the Fed. sets policy on the sa

d1i1m1o1n [39]

Answer:

follows the actions and operations of financial markets to keep them open and competitive.

Explanation:

In simple words, The Federal Open Market Committee relates to the division of the Federal Reserve Board which decides the course of monetary policy, in particular by coordinating free market activities. The panel is formed up of twelve representatives: the manager, seven FRB supervisors named by the Parliament, and four national federated presidents.

Thus, from the above we can conclude that the correct statement is C.

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3 years ago

Bernard is a trainee accountant. His manager asked him to record a loss on the sale of machinery in the business’s temporary acc

Agata [3.3K]

Answer:

Gain and loss accounts

Explanation:

Gain and loss accounts are a form of temporary accounts that are utilized to gather combined sales and purchases that has an effect on the profit or loss of business activities over a given period, which is typically in a year. For example, the loss on property sold account.

Hence, in this situation, the correct answer to the question is known to be a GAIN and LOSS ACCOUNT.

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3 years ago

IF YOU KNOW BUSINESS!!! PLS I NEED HELP!!!!

tekilochka [14]

Answer:

a is the acceleration of the declaration

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3 years ago

Finance tattletale news corp. has been growing at a rate of 20% per year, and you expect this growth rate in earnings and divide

alexira [117]

Answer:

$1.81

Explanation:

we must use a combination of non-constant growth formula and the Gordon growth model to determine the price for the stocks in year 0 and year 1:

stock price year 0 = ($2.40 / 1.15) + ($2.88 / 1.15²) + ($3.456 / 1.15³) +[$4.1472 / (15% - 4%)] / 1.15⁴ = $2.09 + $2.18 + $2.27 + $21.55 = $28.09

stock price year 1 = ($2.88 / 1.15) + ($3.456 / 1.15²) +[$4.1472 / (15% - 4%)] / 1.15³ = $2.50 + $2.61 + $24.79 = $29.90

capital gain between year 0 and year 1 = P1 - P0 = $29.90 - $28.09 = $1.81

*All answers have been rounded to the nearest cent.

5 0

3 years ago

Read 2 more answers

The LMC Partnership has 3 partners and is concerned about what would happen to their $300,000 business if one of the partners sh

zhuklara [117]

Answer:

$50,000

Explanation:

Since the partnership is valued at $300,000, then each partner's stake = $300,000 / 3 = $100,000

that means that each partner must purchase 2 policies (one for each of the other partners) that covers his/her stake = $100,000 / 2 policies = $50,000 per policy

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3 years ago