Answer:
60,300
Explanation:
Calculation to determine the equivalent units for conversion costs in the Assembly Department for the month
Conversion
Units transferred to the next department 40,500
(5,000 + 68,500 - 33,000 )
Add Ending work in process 19,800
Conversion: (33,000 units × 60%)
Equivalent units of production 60,300
(40,500+19,800)
Therefore the equivalent units for conversion costs in the Assembly Department for the month is 60,300
A relatively mild period of falling incomes and rising unemployment is called a <u>recession</u>.
What is recession?
- A recession is a significant, widespread, and prolonged downturn in economic activity.
- Because recessions often last six months or more, one popular rule of thumb is that two consecutive quarters of decline in a country's Gross Domestic Product (GDP) constitute a recession.
- Recessions typically produce declines in economic output, consumer demand, and employment.
- A recession is a significant, pervasive, and persistent decline in economic activity.
- Economists measure a recession's length from the prior expansion's peak to the downturn's trough.
- Recessions may last as little as a few months, while the economic recovery to the former peak can take years.
- An inverted yield curve has predicted the last 10 recessions, along with a couple that never materialized.
- Unemployment often remains high well into an economic recovery, so the early stages of a rebound can feel like a continuing recession for many.
- Countries around the world use fiscal and monetary policies to limit the risks of a recession.
To know more about recession, refer:
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An investment banker is responsible for (b) taking deposits from investors.
Explanation:
- An Investment Banker helps its client in IPO and bond offerings.
- The Investment Banks help their clients with a companies valuation ( Actual worth of a company) thus an investment Banker help its client with the process of Merger and Acquisition.
- Investment Banker also acts as an advisor for various services like Depository,Mutual fund,Derivative services.
What Adam Smith illustrated in improvement of efficiency in
manufacturing units is through the application of specialization.
Specialization is a way of providing better service and means of focusing
production in a greater degree that could be of benefit for both consumers and
producers.
Answer:
chart of accounts. a list of all account names used to record transactions of a company.
external transactions. transactions the firm conducts with a separate economic entity.
general ledger. all accounts used to record the company's transactions.
journal
posting
T-account
trial balance
accounts