Answer:
1. Total cost (TC) in WIP of Job A-1 is $456.00 2. Completed number of units is 2,675. 3. Equivalent unit (EU) of production for conversion is 34,560 units.
Answer:
Find in the attached both analyses using the formulas below:
Explanation:
The horizontal analysis formula in $ dollar terms is computed using the formula below:
change $=2013 figure-2012 figure
change in %=change in $/2012 figure
The vertical analysis is carried out using the below formula:
every line item as % of sales revenue,for instance:
=costs of crude oil and products in 2013/sales revenue in 2013
Answer:
Cash flows from operating activities:
Net income $52,000
Adjustments to net income:
- Depreciation expense $30,000
- Accounts receivable increased by ($25,000)
- Inventories increased by ($5,000)
- Accounts payable decreased by ($18,000) <u>($18,000)</u>
Net cash flow provided by operating activities $34,000
Answer:
Resource Market or Product Market
1. Identifying whether each of the following events in this scenario occurs in the resource market or the product market:
a. Alex earns $250 per week working for Little Havana. (Resource Market / Product Market)
b. Becky spends $10 to order a mojito cocktail. (Resource Market / Product Market)
c. Becky earns $650 per week working for A-Plus Accountants. (Resource Market / Product Market)
2. The elements of this scenario that represent a flow from a household to a firm are:
a. The $250 Alex spends to purchase tax services from A-Plus Accountants.
b. Becky's labor
Explanation:
The resource market is the market where firms buy resources for the production of goods and services. This means that the resource market deals in the transfer of inputs: labor, capital, land, and entrepreneurship from households to firms. In the product market, households buy output, i.e. goods and services from firms.
Answer:
A) buyers and sellers synchronize their decisions through the price system
Explanation:
Buyers are affected by the price mechanism and generally demand less at higher prices while sellers offer more when the price is higher. This provides a rationing mechanism that is not controlled by a central authority.