Answer: 770,000 units
Explanation:
The Equivalent units for Conversion cost is calculated as:
= Total units completed and transferred out + Equivalent units of closing work in process
As the conversion costs were incurred uniformly during the process, the entire closing work in process would have already incurred conversion cost. Conversion cost closing equivalent units are therefore 80,000 units.
Equivalent units for Conversion cost = 690,000 + 80,000
= 770,000 units
Answer: The market will experience more demand and the prices of goods will rise up.
Explanation: According to a law, the higher the demand , there is a corresponding increase in the price. As a result of the lower interest rate of mortgage loans, more people have access to loan which leads to an astronomical increase in the number of house owners. Market experience more demand and therefore the prices of housing will rise up. It’s only obeying the law of demand and supply which states that the greater the demand, the higher the price.
Answer: A reduction is mortality rate and an increase in the number of reproductively active male and female specie of the population.
Explanation: For an increase in population size to occur among a certain animal specie, there needs to be a reduction in the death rate(mortality rate) of that specie and an increase in birth rate in that specie which arises as a result of an increase in the number of reproductively active male and female population in the specie.
Answer: Rise in price of pens. Change in quantity unambiguous
Explanation: When schools steer away from pencils in favor of pens, the demand for pens will increase in the market. This will lead to a rightward shift in the demand curve for pens.
While, a rise in price of ink an input in pen production will increase the cost of pen production. This will lead to fall in the supply of pens, shifting the supply curve upward to the left.
The net effect of this change is a rise in the price of pens. However, the change in quantity cannot be determined.
When shift is demand is greater than shift in supply curve, quantity will rise.
When shift is demand is less than shift in supply curve, quantity will fall.
Answer:
Interest on Interest or Compound Interest
Explanation:
The process of earning interest on prior interest income is called "Interest on Interest" which is also known as "Compound Interest".
It is the result of reinvesting interest instead of withdrawing out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.