Answer:
10% of exam score
Explanation:
Opportunity Cost is the cost of next best alternative, foregone (sacrifised) while making a choice.
Example : If a person has option to have an apple or an orange, & choses to have apple. The opportunity cost of having an apple is the sacrifised orange.
Given : A night before mid time exam, spent while watching movies - later lead to fall in exam grade from 70 % to 60%
The opportunity cost of movies watched, is the sacrifised grade of exam, which would have gotten, if the time would have spent in studying. The corresponding grade lost = 70% grade achievable - 60% grade achieved. Hence, the opportunity cost = 10% of exam score.
Answer:
Credit common stock by 20,000
Credit additional paid in capital by 20,000
Explanation:
The par value of the share are $10 per share the number of shares are 2000 so initially we will credit common stock by (2000*10) = 20,000
Then we will credit the additional paid in capital by (11-10)*(2,000) =2000 as it is the additional money that we are getting on the par value.
Answer:
The conversion cost per equivalent unit is $3.31
Explanation:
The computation of the conversion cost per equivalent unit is shown below:
= Total conversion costs ÷ Total equivalent units
where,
Total conversion cost = completed units + Conversion costs during April
= $6,000 + $35,000
= $41,000
And, the total equivalents units equal to
= Finished good units × percentage of completion + ending work in process units × percentage of completion
= 11,500 units × 100% + 1,500 units × 60%
= 11,500 units + 900 units
= 12,400 units
Now put these values to the above formula
So, the per unit would equal to
= $41,000 ÷ 12,400 units
= $3.31 per unit
Answer:
24%
Explanation:
The computation of the average rate of return is shown below;
As we know that
The Average rate of return = Net income ÷ Average investment
where,
Net income is
= (Selling price per unit - totat cost per unit) × additional units sales
= ($212 - $200) × $4,500 units
= $54,000
And, the average investment is
= (cost price + equipment) ÷ 2
= ($418,500 + $31,500) ÷ 2
= $225,000
So, the average rate of return is
= $54,000 ÷ $225,000 × 100
= 24%
