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Iteru [2.4K]
4 years ago
8

Link Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of pr

oduct. Ending inventory consisted of 400 units that were 50% complete. The total dollar cost associated with production of inventory was $90,000. The cost per equivalent whole unit would be which of the following
Business
1 answer:
Bumek [7]4 years ago
7 0

Answer:

Cost per equivalent unit: $60

Explanation:

Cost per equivalent unit = (Cost of Beginning Work in Progress Inventory + Total production cost during the period) / Equivalent Units of Production (EUP)

Total Production Cost = $90,000

Equivalent Units of production (EUP) = 1,300 + 400 x 50% = 1,500 units

Cost per equivalent unit: $90,000 / 1,500 units = $60

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On January 2, 2017, a calendar-year corporation sold 5% bonds with a face value of $2500000. These bonds mature in five years, a
Oksanka [162]

Answer:

Consider the following explanation

Explanation:

Under Effective interest method, Interest calculated at the effective interest rate (i.e., the yield of the bond) is charged as an expense annually, and the payment made basis the Coupon rate.

In the given case, interest to be paid semi annually i.e, on June 30 and on December 31, will be $62,500 (i.e., 2,500,000 * 5% * 6/12).

On the basis of above, the interest expense to be charged in the 2017 can be calculated as follows: take a look to the attached archive.

As calculated above, the amount to be charged as interest expense for the year 2017 is (80,220 + 80,840 i.e.,) $ 161,060.

Download xlsx
3 0
3 years ago
As of the June 11 pay date, the General Ledger account for Burling Mills has a balance of $14,289 in its Federal withholding tax
Karo-lina-s [1.5K]

Answer:

Answer is Credit $30,539

Explanation:

So as of June 11, the account balance of Burling Mills is $14,289 and it is withholding  tax payable account. Now on 25 June, the account is credited with $16,250. The total balance in the account is $30,539. No tax will be deducted on this amount because it is federal withholding tax payable account. So the right option is D) Credited $30,539

5 0
3 years ago
Mark each of the following statements, regarding the wto, as true or false. if false, correct the statement. ______ the wto was
madam [21]

The statement that the WTO was formed by countries that conduct the majority of international trade is TRUE.

<h3>Who formed the World Trade Organization?</h3><h3 />

The World Trade Organization (WTO) was established by 123 nations around the world in 1994 with the signing of the Marrakesh Agreement.

The World Trade Organization was able to become so influential in regulating trade because these 123 nations were the major players in international trade.

Find out more on the World Trade Organization at brainly.com/question/25631712

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3 0
2 years ago
If you were in charge of marketing for a sports team or entertainer, how large a role would social media play in your marketing
Nonamiya [84]

Answer:

<h2>Social media could boost production or more people know about it.</h2>

Explanation:

__________________________________________________________

<em>Social media could help you with sharing it with other people, boost marketing, or help you later on. Amazon got popular with social media and its own website. ( could be true, not entirely true ) If I was in charge of marketing for a sports team or entertainer, I would spend  </em>\frac{1}{3}  <em>of my money on advertising my website or for our business. I would try to make the company the most noticeable and understanding ads, and I would help the workers, not yell at them all the time.</em>

<em>__________________________________________________________</em>

<em>Hope this helps! <3</em>

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7 0
3 years ago
Identify a mechanism that allows employees to report wrongdoing and to create further mechanisms for follow-up and enforcement.
adelina 88 [10]

Answer:

Ethics Hotlines

Explanation:

There are various ways in which employees can report bad behaviour at workplace, Ethics hotline is one such mechanism. It is used by most of the countries in US. It is a phone line that an employee can uses to report bad behaviour. The employees identity is kept secret to prevent retribution from angry peers. Inappropriate behaviour, sexual harassment and financial abused can be reported via ethics hotline.

4 0
4 years ago
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