Answer:
Goods shipped by the owner to the consignee who sells the goods for the owner.
Explanation:
Consignment goods -
It refers to the goods holded by the consignee which is responsible for selling the goods , is referred to as consignment goods .
The consignee receives certain amount of money as commision for the goods .
This method is used by many manufacturing firm , to have a smooth and proper distribution of goods and services .
Hence , from the given question ,
The correct option is first one .
Answer:
what do you want me to answer ?
Explanation:
Answer:
11,125 units
Explanation:
Particulars Units
Beginning WIP (2500*0.75) 25% is completed 1,875
Units started and completed during the month 8500
[10,000 -1500 as ending Inventory]
Ending Inventory [1500*0.50] <u>750</u>
Equivalent units <u>11,125</u>
So, the equivalent units for conversion costs during October is 11,125 units
Answer:
Net income in year 2021 = $0
Net income in year 2022 = $6,000
Explanation:
Given:
Purchased bonds(2021) = $860,000
Sold bonds (2022) = $866,000
Fair market value = $858,500
Computation:
A. Net income in 2021
The fair market value of the bond is less than the purchase price of the bond, that is why we can say that no profit has been received in the year 2021
Net income = $0
B. Net income in 2022
Net income = Sold bonds - Purchased bonds
Net income = $866,000 - $860,000
Net income = $6,000
A The length of time it is productively use in a company operation.
