A) credit union is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest.
Answer:
where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.
Explanation:
Process costing can be regarded as accounting methodology which helps in tracing and accumulation of direct costs, s well s allocation of indirect costs of a manufacturing process. In this method, Costs are been assigned to products, and this is usually in a large batch, and could encompass an entire month's production.
It should be noted that process costing system is employed in those situations where where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.
Answer:
AS land cannot be depreciated we will first subtract the value of the land from the complex so we are left with $390,000 (490,000-100,000)
In straight line method each year the asset is depreciated by the same amount so in order to find out yearly depreciation we will divide 390,000 by 40
=9750
In 6 years the complex has depreciated for $58,500
So the current value of the apartment complex would be (490,000-58500)
The current value of the apartment complex is $431500
Explanation:
Answer and Explanation:
Given:
Product 1 Product 2 Product 3
Cost of product $20 $90 $50
Selling price $40 $120 $70
Selling cost $6 $40 $10
Computation:
Product 1 Product 2 Product 3
Product Cost $20 $90 $50
N.R.V ($40-$6)=$34 ($120-$40)=$80 ($70-$10)=$60
Per Unit Inventory Value $20 $90 $50
Answer:
The solvency ratio is closest to: B. 33%.
Explanation:
<em>The solvency ratio = After tax Net Operating Income ÷ Total Debt</em>
Thus,
The solvency ratio = $75,000 ÷ ($15,000 + $200,000)
= 35.88%
Therefore this is closest to B. 33%.
