Answer:
The answer is e. 40,500.
Explanation:
To find out the balance for account payable in 2014, we need to recall to the Accounting equation:
Asset = Liabilities + Owner's Equity
Applying in the question, we replace the balance of asset items, liability items and equity items in 2014 to find the answer:
Account Receivable + Cash + Inventories + Net Fixed Asset = Account Payable + Accruals + Common Stock + Long term debt + Notes payable + Retained earnings
=> 44,500 + 98,000 + 60,800 + 121,500 = Account Payable + 16,200 + 81,000 + 89,100 + 37,200 + 60,800 <=> Account Payable = $40,500.
So, the answer is e. 40,500.
Metacognition is often referred to ask "knowing about knowing." Metacognition is the awareness or understanding of one's own thought process.
Answer: The three functions of money are:
- serving as a medium of exchange
- unit of account
- and store of value.
Explanation:
- serving as a medium of exchange: because money is generally accepted and and guaranteed by the governemet is used to buy goods and services.
- unit of account: the value of goods and services are measured in money that we usually call price.
- store of value: when you sell something and don't use the money you are saving, so you maintain the value to use it later.
The maximum percentage of a families net spendable income should have at least 38% set aside for housing expenses. This is because most people can't afford their housing and need more set aside each month.
Answer:
Equivalent Unit of Material = 120000 + (15000 × 40%)
Equivalent Unit of Material = 126000 units
Cost per Equivalent Unit of Material = (22400 + 229600) / 126000
Cost per Equivalent Unit of Material = 2 per unit
Equivalent Unit of Conversion Cost = 120000 + (15000 × 10%)
Equivalent Unit of Conversion Cost = 121500 units
Cost per Equivalent Unit of Conversion = (6250 + 540500) / 121500
Cost per Equivalent Unit of Conversion = 4.50 per unit
So answer is $2.00; $4.50
