Answer:
A corporation has the ability to enter into contracts, incur liabilities, and buy, sell, or own assets in its corporate name. These provisions can be found in the charter or articles of incorporation. Ownership of a corporation is divided into shares of stock.
Answer:
Competitive intelligence.
Explanation:
Competitive intelligence (CI) is the action of defining, gathering, analyzing, and distributing intelligence about products, customers, competitors, and any aspect of the environment needed to support executives and managers in strategic decision making for an organization.
Answer: $1,712
Explanation:
If the company uses FIFO it means that they sell their earlier inventory first. If there are 96 units on hand, it means that these 96 units would be the latest inventory.
That means that these 96 units comprise of:
- 86 units purchased on November 25 at $6.30 each and,
- 10 units from the November 17 purchase of 58 units at $6.05 each which means 48 units were sold from this purchase.
The units sold were therefore:
= (29 * 5.80) + (115 * 6.20) + (48 * 6.05)
= 168.20 + 713 + 290.40
= $1,171.60
= $1,712
Answer:
5.602786
Explanation:
Units completed:
= 100% of (76,000 + 10,000)
= 86,000
Closing units:
= 25% of 15,000
= 3,750
Equivalent units = Units completed + Closing units
= 86,000 + 3,750
= 89,750
Opening cost = 52,100
Cost during the year = 450,750
Total cost = Opening cost + Cost during the year
= 52,100 + 450,750
= 502,850
Direct labor cost per equivalent unit:
= Total cost ÷ Equivalent units
= 502,850 ÷ 89,750
= 5.602786
