Answer:
For material 17,200
For conversion 13,350
Explanation:
The computation of equivalent units of production for (a) materials and (b) conversion costs are shown below:-
Particulars Whole units Materials Conversion costs
Units transferred out 9,500 9,500 9,500
Ending Work in process 7,700 7,700 3,850
(7,700 × 50%)
Total equivalent units 17,200 17,200 13,350
Answer:
c. $3,150
Explanation:
The computation of the gross income is shown below:
= Interest on savings accounts + Interest on a State bond + Interest portion of proceeds of a 5% bank certificate of deposit + Dividends on USG common stock
= $2,000 + $600 + $250 + $300
= $3,150
We do not consider the school bonds as it would not be included in the gross income. So, we ignored it
Answer:
monopolistic competition
Explanation:
An increase in competition, decreases the firms share of market and hence qty supplied will fall and will lead dis-economies of scale.
This will lead to the price increase.
An increase in population, would lead to higher qty demanded, given share of the firm and competition, production costs will fall.
Answer:
If the economy is bad then companies have to lay employees off.
Explanation:
Answer:
Record the financial transactions of an economic entity
Explanation:
Bookkeeping is the recording of business transactions in the appropriate books of accounts. So bookkeeping takes raw data and converts it into information by recording it in books of accounts <em>such as</em> the Sales Day Book, General Journal or Purchases Day Book. Thus, the basic purpose of bookkeeping is to record the financial transactions of an economic entity.