Answer:
The cost of the work transferred-out during May is $18,630
Explanation:
For computing the cost of work transferred, first we have to compute the conversion cost per unit and material cost per unit
The conversion cost per uni = Conversion cost ÷ (transferred units + work in progress)
= $11,160 ÷ (2,700 + 300 × 30%)
= $11,160 ÷ (2,700 + 90)
= $11,160 ÷ 2,790
= $4 per unit
Now, material cost per unit = Material cost ÷ (transferred units + work in progress)
= $8,700 ÷ (2,700+300)
= $8700 ÷ 3,000
= $2.9 per unit
So, total cost of the work transferred is equals to
= Transferred units × conversion cost per unit + transferred units × material cost per unit
= 2,700 × $4 + 2,700 × $2.9
= $10,800 + $7,830
= $18,630
Hence, the cost of the work transferred-out during May is $18,630
An important social trend is the continued concern for health and well-being in the United States is most likely evidenced by the introduction of fitness trackers such as the Fitbit.
<h3>What is social trend?</h3>
It should be noted that social trend simply means
the movement of a particular trend or its growth.
In this case, an important social trend is the continued concern for health and well-being in the United States is most likely evidenced by the introduction of fitness trackers such as the Fitbit
Learn more about social trend on:
brainly.com/question/2926894
#SPJ1
Answer: Price of stock at year end =$53
Explanation:
we first compute the Expected rate of return using the CAPM FORMULAE that
Expected return =risk-free rate + Beta ( Market return - risk free rate)
Expected return=6% + 1.2 ( 16%-6%)
Expected return= 0.06 + 1.2 (10%)
Expected return=0.06+ 0.12
Expected return=0.18
Using the formulae Po= D1 / R-g to find the growth rate
Where Po= current price of stock at $50
D1= Dividend at $6 at end of year
R = Expected return = 0.18
50= 6/ 0.18-g
50(0.18-g) =6
9-50g=6
50g=9-6
g= 3/50
g=0.06 = 6%
Now that we have gotten the growth rate and expected return, we can now determine the price the investors are expected to sell the stock at the end of year.
Price of stock = D( 1-g) / R-g
= 6( 1+0.06)/ 0.18 -0.06
=6+0.36/0.12
=6.36/0.12= $53
Answer:
$19,462
Explanation:
The computation of the cash and cash equivalent is shown below:
= Cash in bank account + Money market fund balance + petty cash balance + money orders
= $6,455 + $12,400 + $350 + $257
= $19,462
It includes only cash in bank account, balance in money market, petty cash balance and the money orders
All other information which is given is not relevant. Hence, ignored it
Answer:
Amount Debit($) Credit($)
Assets
Cash 37,641
Office Supplies 890
Prepaid Insurance 4,600
Office Equipment 12,900
Liabilities
Accounts Payable 12,900
Equity
Y. Min, Capital 18,000
Y. Min, Withdrawals 3,329
Revenue
Engineering Fees Earned 36,000
Expenses
Rent Expense <u>7,540</u>
Total 66,900 66,900
Explanation:
Trial Balance sheet includes all the accounts available in ledger.
Assets, Liabilities, Equity Revenue and expenses are added, however they are not given in our case
Amount Debit($) Credit($)
Assets
Cash 37,641
Office Supplies 890
Prepaid Insurance 4,600
Office Equipment 12,900
Liabilities
Accounts Payable 12,900
Equity
Y. Min, Capital 18,000
Y. Min, Withdrawals 3,329
Revenue
Engineering Fees Earned 36,000
Expenses
Rent Expense <u>7,540</u>
Total 66,900 66,900
