Answer:
Letter e is correct. <u>A independent variable.</u>
Explanation:
In this question, the most appropriate alternative is the letter e, an independent variable.
In statistics, an independent variable is one whose measure will not depend on any other variable, unlike the dependent variable which corresponds to a measure that will always depend on another variable measure.
Answer:
Option C is Correct ($56,400)
Cost of the company's ending work-in-process inventory=$56,400.
Explanation:
Option C is Correct ($56,400)
Given:
Ending Work in process=2000 units
Conversion= $22
Material= $15
Completed units=15,000 units
Required:
Cost of the company's ending work-in-process inventory=?
Solution:
Material Cost= $15
Conversion Cost= $22 *60%
Conversion Cost= $13.2
Total Cost=Material Cost+Conversion Cost
Total Cost=$15+$13.2
Total Cost= $28.2
Cost of the company's ending work-in-process inventory=Ending Work in process*Total Cost
Cost of the company's ending work-in-process inventory=2000*28,2
Cost of the company's ending work-in-process inventory=$56,400.
Answer:
The debit balance for the vehicles account was $20,000, and the credit balance of accumulated depreciation account was $18,000.
- Dr Vehicles account 20,000
- Cr Accumulated Depreciation Vehicles account 18,000
then the van was sold for $2,000
- Dr Cash account 2,000
- Cr vehicles account 2,000
Since the carrying value of the van was $2,000 (= $20,000 - $18,000) and the van was sold for $2,000, Patel had no gain or loss from this transaction.
Answer:
a. asset (A)
b. liabilities (L)
c. equity (E)
d. asset (A)
e. liabilities (L)
f. equity (E)
g. equity (E)
h. liabilities (L)
Explanation:
A Balance sheet shows the balance of assets, liabilities and equity at the reporting date.
Assets are economic resources controlled by the entity such as equipment and cash.
Liabilities are obligation that arise such as wages payable and tax payable.
Equity is the residue after deducting liabilities from assets. it represents the owners contribution through equity and retained income.
