Studying. Never stop studying, going over your work twice, and double checking.
The correct answer is B. a conglomerate
A conglomerate is basically a group of unrelated business ventures that are overseen by the same group and owned by the same owners.
Answer: Because the United States imports televisions, <u>P2 (GREATER)</u> represents the world price before the technological advance, and<u> P1 (MINOR)</u> represents the world price after the technological advance.
Explanation: The United States has no comparative advantage over the other countries in the production of televisions, therefore it IMPORTS them. Therefore, the price of televisions in the United States under normal conditions is higher than the world price, and as the world price falls as a result of Japan's technological advance, the price in the United States also decreases.
Answer: Discrete manufacturer
Explanation: Soyan Inc. is a discrete manufacturer and as such is involved in the production of distinct (noticeably different from other) items that can be characterized by unit production; where units can be produced with high complexity and low volume. Light to semi-light utility vehicles with armors that are used in war zones, disaster-struck areas, and harsh terrains (automobiles), furniture, toys, smartphones, and airplanes are examples of such items. These distinct items are capable of being easily counted, touched or seen and the production orders and products of distinct manufacturing changes frequently from order to order.
Answer:
Cost of Ending WORK in Process $ 139496
Explanation:
Richmond Corporation
Weighted-Average Method
Ending work in process inventory 21,200 units
<em>First we find the equivalent units in the ending work in process inventory.</em>
Materials = 100% complete = 21200 units
Conversion= 60 % complete = 60% of 21200= 12720 units
<em>Then we multiply the equivalent units of the work in process inventory with the equivalent cost per unit and then add the materials and conversion costs to get the total cost of the ending work in process inventory.</em>
Materials = 21200 * $3.55 = $75260
Conversion = 12720 * $5.05= $ 64,236
Cost of Ending WORK in Process= $75260+$ 64,236= $ 139496
