Define private equity funds economics.

Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for

LenaWriter [7]

Answer and Explanation:

The computation of given question is shown below:-

Hi-Test Company

Weighted-average method

Equivalent units

Particulars Physical units Material Conversion costs

Units to be accounted for

Beginning work-in-progress 2,000

Production started 28,000

Total units 30,000

Units accounted for:

1. Completed and transferred

out 23,000 23,000 23,000

(23,000 × 100%)

Ending work-in-progress 7,000 7,000 2,800

(7,000 × 100%) (7,000 × 40%)

2. Total units 30,000 30,000 25,800

Materials Conversion costs Total costs

Costs to account for:

Beginning work in

progress $45,000 $56,320 $101,320

($25,600 + $30,720)

Costs added during

period $375,000 $341,000 $716,000

Total costs $420,000 $397,320 $817,320

÷

Total equivalent unit

of production $30,000 $25,800

3. Cost per equivalent unit $14.00 $15.40

Cost accounted for

4. Completed and transferred

out $322,000 $354,200 $676,200

(23,000 × $14.00) (2,800 × $15.40)

7. Ending work in progress $98,000 $43,120 $141,120

(30,000 × $14.00) (25,800 × $15.40)

Total cost $420,000 $397,320 $817,320

4 0

3 years ago

You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products

levacccp [35]

Answer:Please refer to Explanation

Explanation:

Cross Price Elasticity of Demand is a very useful tool in Economics to ascertain if goods are compliments or Substitutes.

Cross Price Elasticity of Demand (CPSD) measures the change in demand in one good due to a change in price is the other good.

If the CPSD is negative then the goods are Compliments meaning that they are used together which is why when the price of one good goes down, the demand of the compliment goes up because more of the original good will be bought due to the lower price.

If the CPSD is Positive, it means that they are Substitutes and a Decrease in price in one good leads to a decrease in demand for the other good because people will demand less of it and switch to the former (now cheaper) good.

The formula is,

= % change in Quantity Demanded of Product A /% change in Price of Product B

a. Splishy splashies and Flopsicles

CPSD = -18%/-1%

= 18%

The CPSD for both these products is 18% which is a positive figure. This means that they are Substitutes and should not be marketed together.

b. Splishy Splashies and Flopsicles

CPSD = 3%/-1%

= -3%

With the CPSD being a negative figure here, these goods are Compliments.

Splishy Splashies and Flopsicles should be Marketed together as they compliment each other.

5 0

3 years ago

Hector is a married, self-employed taxpayer, and this year he paid $3,000 for his health insurance premiums (not through an exch

Korvikt [17]

Answer:

The answer to this question is option B. Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.

Explanation:

Hector can deduct the cost of the premium for AGI if Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.

7 0

3 years ago

1. Explain the difference between an ordinary annuity and an annuity due. Begin by explaining what an annuity is.

Evgesh-ka [11]

Explanation:

1. An annuity is a number of equivalent payments made. For instance, the annuities include daily savings account deposits, monthly home loan payments, monthly insurance and pension payments. Annuity can be defined by the payment dates frequency.

Difference between an ordinary annuity and an annuity due:

In each period certain annuities shall pay the same amount, while varying annuities that differ in amounts. At the end of each time, payments in the standard annuity take place. In comparison, payments for an annuity due are made at the start of the contract.

2. The number of y-axis and discount rate on the x-axis is usually present in an annuity table. Place them on the table for your annuity and then place the cell in which they meet. Multiply the cell number by the amount of money each time is earned.

3. The annuity table contains the amount of contributions you expect to collect at a given interest rate plus a list of equivalent payments. You come to the current value of the payments when you subtract this element by one of the payments. As a quick guide the preceding annuity table includes only figures for discrete intervals and interest rates, which may be not quite the same as a real world scenario.

6 0

3 years ago

John is considering a purchase of a new Toyota that costs $20,000 at a local dealership. John estimates the annual cost of maint

kotegsom [21]

Answer:

John's estimated cost of owning and driving the car for three years is $17,500

Explanation:

The computation of the estimated cost for the three years is shown below:

= Purchase cost of Toyota + (annual cost of maintenance, registration, insurance, and gas × Number of years) - selling cost or scrap value

= $20,000 + ($1,500 × 3) - $10,000

= $20,000 + $7,500 - $10,000

= $27,500 - $10,000

= $17,500

The selling cost should be deducted so that accurate value can come and the annual cost is given for one year only but we have to compute for the three years so we multiply it by three years.

3 0

3 years ago

Define private equity funds economics. ​

Define private equity funds economics.