Answer:
units completed and ending work in process.
Explanation:
In order to find out the equivalent units we consider the completed units and the ending work in process units.
In mathematically,
= Units transferred × completion percentage + ending work in process units × completion percentage
By considering the units transferred and the ending work in process units after taking the completion percentage we can easily calculate the equivalent units so that the allocation of the manufacturing cost could be done
Answer:
Dure Corporation's cost formula for its selling and administrative expense is $24,500 per month plus $1 per unit. For the month of July, the company planned for activity of 7,200 units, but the actual level of activity was 7,160 units. The actual selling and administrative expense for the month was $31,460.
Answer:
The answer is: Breakpoint Sale
Explanation:
A breakpoint sale violation occurs when a RR sells mutual fund shares to a client and doesn't disclose reduced sales charges that the client would qualify for if they had bought just a few more shares. In this case the client could have qualified for a discount if he had just bought one more share, and could have saved money instead of paying higher charges.
Answer:
homestead act
Explanation:
A creditor holding a note for a car loan cannot foreclosure on an owner's home if protected by homestead act.
Answer:
The price of the stock today is $80.00
Explanation:
The price of a stock whose dividends are expected to grow at a constant rate is calculated by the constant growth model of the DDM. The price of a stock under DDM is based on the present value of the expected future dividends that the stock will pay. The formula for price under this model is,
P0 = D1 / r - g
Where,
- D1 is the dividend expected for the next period
- r is the required rate of return
- g is the growth rate in dividends
P0 = 1.6 / (0.05 - 0.03)
P0 = $80.00