What is the role of a consumer in the economy nation

Oxford, Inc., which uses a process-cost accounting system, began operations on January 1 of the current year. The company incurs

Inessa [10]

Answer:

Option C

2,100 completed units.

Explanation:

Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.

Equivalent units are computed as follows:

Equivalent Units = Degree of completion (%) × units

equivalent unit of conversion cost = 70% × 3,000 = 2,100 units

8 0

3 years ago

X-Mart uses the perpetual inventory system to account for its merchandise. On May 1, it purchased $400 of merchandise on account

natita [175]

Answer:

C. Credit Merchandise Inventory $7

D. Debit Accounts Payable $350

E. Credit Cash $343

Explanation:

Based on the information given we were told the company made purchased of the amount of $400 of merchandise which include a terms of 2/15, n/40 and On May 3 the company returned the amount of $50 of merchandise due to defect which means that if the purchase was been paid for within the discount period the correct required journal entry for X-Mart to record the payment will be :

Credit Merchandise Inventory $7

[(2%*400)-(2%-50)]

=$8-$1

=$7

Debit Accounts Payable $350

($400-$50)

=$350

Credit Cash $343

($400-$50)-[(2%*400)-(2%-50)]

=$350-($8-$1)

=$350-$7

=$343

5 0

3 years ago

The first step in starting a business is to develop a ________.

lora16 [44]

Hello there !

Your answer would be A hope this helps

7 0

3 years ago

Cultural diversity represents a. a technical skill. b. a statistical method used to project sales revenues and profits for globa

Sonja [21]

Answer:

The correct answer is letter "C": the differences among people in a workforce.

Explanation:

Cultural diversity in a company represents all those unique features of the employees: sex, race, religion, language, ethnicity, age, and political beliefs are the most common. The richest the cultural diversity in a company is, the challenging for managers to establish activities to engage workers one and another but this can be seen as an advantage because the company can use the different experiences of their workers as a strength.

8 0

3 years ago

On January 2, 2017, the Matthews Band acquires sound equipment for concert performances at a cost of $65,800. The band estimates

Vesna [10]

Answer:

The revised depreciation expense for the second year = Depreciation expense for the third years = $23,925

Explanation:

The Matthews Bandy uses straight-line depreciation method, Depreciation Expense per year is calculated by following formula:

Depreciation Expense = (Cost of equipment − Salvage Value )/Useful Life

For the first year,

Depreciation Expense = ($65,800 - $2,000)/4 = $15,950

At the end of the first year,

Book vale of the equipment = $65,800 - $15,950 = $49,850

At the start of the second year, this equipment will last only a total of three years ( remaining useful life 2 year) with a residual value of $2,000.

Depreciation Expense for second year = ($49,850 - $2,000)/2 = $23,925

Depreciation Expense for third year = $23,925

4 0

3 years ago