Answer:
How many units are in process at May 31?
physical units ending WIP: 740
equivalent units WIP materials: 740
equivalent units WIP conversion: 296
Explanation:
We will add the beginning and started units, then subtract the trasnaferrd out to get the ending WIP inventory.
physical units:
beginning 490
started 1,650
transferred-out<u> (1,400) </u>
ending 740
Now we will multiply by the percentage of completion to get the equivlent units of WIP on each category:
<u>equivalent units for ending WIP:</u>
materials 740 x 100% = 740
conversion 740 x 40% = 296
Answer:
d. Decrease by 0.045 minutes
Explanation:
<u>First Case</u>
Time per unit for 250 batch size = (30 / 250) + 5 minutes
Time per unit for 250 batch size = 5.12 minutes
<u>Second case</u>
Time per unit for 250 batch size = (30 / 400) + 5 minutes
Time per unit for 250 batch size = 5.075 minutes
The decrease in manufacturing time = Old-time - New time = 5.12 - 5.075 = 0.045 minutes
. So, it Decrease by 0.045 minutes
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Answer:
FV= $17,701.6
Explanation:
Giving the following information:
Annual deposit (A)= $5,800
Interest rate (i)= 5.2%
<u>To calculate the future value after the third deposit, we need to use the following formula:</u>
<u></u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,800*[(1.052^2) - 1]} / 0.052 + 5,800
FV= $17,701.6
Answer:
Corinne Company
Investing Activities Section of the Statement of Cash Flows:
Equipment sales $12
Equipment bought ($58)
Net cash used ($46)
Explanation:
a) Data and Calculations:
Balance Sheet of Corinne company at the end of 2025 and 2024:
2025 2024
Cash $50 $70
Accounts receivable (net) 320 270
Buildings and equipment 200 150
Accumulated depreciation
- buildings and equipment (36) (16)
Land 180 80
Totals $714 $554
Accounts payable $180 $146
Notes payable- bank long term 0 80
Mortgage payable 60 0
Common stock, $10 par 418 318
Retained earnings 56 10
Totals $714 $554
b) other information:
Land and Common Stock exchange
Equipment sold for $12 (cost $10 and book value $8)
Cash dividends $20
c) Equipment account
Beginning balance 150
Equipment sold -8
Balance 142
Closing balance 200
Purchase of new 58 (200 - 142)