Answer:
D) $116.67 per EUP
Explanation:
To find out the equivalent unit of production (EUP) for conversion costs we have to divide the total conversion costs by the equivalent units produced:
EUP conversion costs = $70,000 / 600 units = $116.67 per EUP
The EUP for direct materials would = total costs direct materials / equivalent units produced = $300,000 / 1,000 units = $300 per EUP
Both fully completed units and partially completed units are expressed in terms of equivalent units of production.
Neutrality is the characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular social outcome. Because management wants to see the company grow, financial statements created by the corporation are by definition slightly skewed. This implies that they are more likely to indicate improved performance while omitting to disclose negative incidents.
Management must produce entirely objective financial accounts in order to be neutral. For instance, a business that has knowledge of a potential lawsuit must record it in its financial statement notes. The financial statements would become unreliable in the eyes of creditors and outside investors if this information were withheld.
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Answer:
The answer is C.
Explanation:
Inventory turnover is a measure of the number of times inventories are sold during a period of time usually a year.
To calculate inventory turnover:
Cost of goods sold ÷ average inventory
High inventory turnover means that the company's product is in high demand and when the product is in high demand, it means there is an increase in sales.
An increase is demand means new inventory or merchandise are continually available and continually bought.
Answer:
Explanation:
We shall apply the concept of coefficient of variation to know the consistency of data
coefficient of variation
= standard deviation / mean or average
In case of City A
coefficient of variation = 86 / 820
= .1048
In case of City B
coefficient of variation = 75 / 790
= .0949
Since it is less for city B , rent for this city is more consistence or with less of variation
So the conclusion is false.
Explanation:
Here Initial amount = $10,00,000
Nominal Interest Rate = 9.2%
inflation Rate = 5%
Real Interest Rate = 4%
in question it was asked to give in real then we will use the real discount rate to know annual spent amount
Present Value = PMT×PVIFA ( at 4% and 20 years)
Therefore, PMT = Present Value of Cash / PVIFA ( at 4% and 20 years)
= 1000000 / 13.5903
= $73581.75
Where, PMT = Annual Spent Amount
PVIFA = Present Value interest Factor Annuity
