Answer:
ending WIP physical units: 600
Equivalent units: 495
Explanation:
<u>physical units:</u>
We will add up the beginning units and the transferred-in.
Then we subtract the transefrred-out
beginning 900
received 1,600
total units during the period: 2,500
transferred out: (1,900)
ending: 600
<u>To know the equivalent untis we multiply by their porcentage of completion:</u>
900 x 55% = 495 units
Answer:
$1,505,000
Explanation:
Net income is the earning by the business calculated by deducting all the expenses from the revenue for the period. It is the earning which is available to distribute in the stockholders of the business. The preferred dividend must be paid if there is a profit in the period. The residual amount after deducting profit is available of common shareholders.
Net Income = $1,750,000
Preferred Dividend = $245,000
Income available for Common stockholders = Net Income - Preferred dividend
Income available for Common stockholders = $1,750,000 - $245,000
Income available for Common stockholders = $1,505,000
Answer:
b. Purchasing power parity
Explanation:
The purchasing power parity theory is based on a world price for equivalent goods. This means that a good in the United States will cost the same as a good in Canada. Since the price of the good is $US 100 in the United States, then the same good should cost the equivalent of in Canadian dollars.
Explanation:
think the answer is E all of the Above
Answer:
$439,610
Explanation:
Preparation for the current assets section of the balance sheet
Current assets
Cash $32,000
Accounts Receivable$111,900
Allowance for Doubtful Accounts($9,080)$102,820
($111,900-$9,080)
Inventory $295,000
Prepaid Insurance $9,790
Total current assets $439,610
($32,000+$102,820+$295,000+$9,790)
Therefore the current assets section of the balance sheet is $439,610
