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3 years ago

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For anything to be considered money it must be Group of answer choices either a commodity or a token, as long as it is generally

accepted as a means of payment. a valuable commodity, such as gold. a token, such as a green piece of paper. used in barter transactions

1 answer:

Sindrei [870]3 years ago

4 0

Answer:

Either a commodity or a token, as long as it is generally accepted as a means of payment.

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Mortensen Industries, which uses a process-costing system, adds material at the beginning of production and incurs conversion co

Studentka2010 [4]

Answer: 60%

Explanation:

Find the ending work in process.

Materials are complete at inception so the Equivalent units of Materials represent the total units.

Ending WIP will therefore be:

= Materials EUP - Units started and completed

= 5,000 - 3,500

= 1,500 units

Stage of completion is based on Conversion.

Conversion EUP = Total started and completed + (x% * Closing WIP)

4,400 = 3,500 + (x% * 1,500)

4,400 = 3,500 + 15x

15x = 4,400 - 3,500

15x = 900

x = 900/15

x = 60%

<em>Conversion is 60% complete so this is the stage of completion. </em>

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B. false

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(Ignore income taxes in this problem.) The management of Stanforth Corporation is investigating automating a process. Old equipm

solniwko [45]

The simple rate of return on the investment is closest to: <u>34.5%</u>

<u>Explanation</u>:

<em><u>Given</u></em>:

Current salvage value = $15,000

Cost of new machine = $408,000

Cash operating cost = $141,000

Simple Return on Investment is Calculated as follows:-

Simple rate of return on the investment = Net Operating Cost Saved/ Initial Investment X 100

So Simple Return = 141000/408000 X 100

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The simple rate of return on the investment is closest to: 34.5%

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3 years ago