WILL GIVE BRAILIEST

Explain concisely whether the following statement is true or false:

Mrac [35]

False. Gpd was not designed to assess welfare

3 0

3 years ago

Department S had no work in process at the beginning of the period. 13,934 units of direct materials were added during the perio

love history [14]

Answer:

Option (B) is correct.

Explanation:

Equivalent units of production(EUP) - Materials:

= Transferred out + Ending balance

= 10,451 units × 100% + 3,483 units × 100%

= 10,451 + 3,483

= 13,934

Equivalent units of production(EUP) - conversion:

= Transferred out + Ending balance

= 10,451 units × 100% + 3,483 units × 36%

= 10,451 + 1,253.88

= 11,704.88

Material cost = $\frac{Cost\ of\ direct\ material}{EUP\ material}\times units\ transferred\ out$

Material cost = $\frac{97,538}{13,934}\times 10,451$

= 73,157

Conversion cost = $\frac{Direct labor+overhead}{EUP\ conversion}\times units\ transferred\ out$

Conversion cost = $\frac{51,257+8,903}{11,705}\times 10,451$

Conversion cost = $\frac{60,160}{11,705}\times 10,451$

= 53,715

Therefore,

Total cost of units completed during the period(10,451 units):

= Material cost + Conversion cost

= 73,157 + 53,715

= 126,872

5 0

3 years ago

A credit card company wants your business. If you accept their offer and use their card, they will deposit 11% of your monetar

Ket [755]

Answer:

I will have $183536835400 in my savings after 1515 years

Explanation:

Deposit into the savings account = 0.11×$2000020000 = $220002200

Earnings after 1515 years = 0.55×1515×$220002200 = $183316833200

Total amount in savings plan after 1515 years = $220002200 + $183316833200 = $183536835400

3 0

3 years ago

When total revenues fall below total costs, production should end. However, if marginal revenue exceeds variable cost, productio

const2013 [10]

Answer:

False

Explanation:

A firm should end production and shut down only when its total revenue falls below variable costs, because at this point, production will bring about more losses, compared to if the company isn't producing at all.

<u>If total revenue exceeds and can cover its variable cost, a firm should remain in operation in the short run</u> (even if it is incurring losses), as this contributes to paying off the firm's fixed costs.

8 0

3 years ago

7. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can affort is $350. The loan will have

nordsb [41]

Answer:

$13,290.89 and $15,734.26

Explanation:

In this question we have to use the Present value function which is shown on the attachment below:

In the first case

Provided that

Future value = $0

Rate of interest = 12% ÷ 12 months = 1%

NPER = 48 months

PMT = $350

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $13,290.89

In the second case

Provided that

Future value = $0

Rate of interest = 12% ÷ 12 months = 1%

NPER = 60 months

PMT = $350

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $15,734.26

8 0

3 years ago