Answer:
1,100 units; 1,050 units
Explanation:
Calculation to determine the equivalent units for direct materials and conversion costs, respectively, for March
DIRECT MATERIALS CONVERSION COSTS L
Completed and transferred out
1,000 units 1,000 units
(300 units+800 units - 100 units)
Add Work in process, ending
100 units 50 units
(50% Complete*100 units=50 units)
Total equivalent units
1,100 units 1,050 units
Therefore the equivalent units for direct materials and conversion costs, respectively, for March will be 1,100 units; 1,050 units
The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
<h3>
What is the lettuce market?</h3>
- Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf).
- Since colonial times, lettuce has been farmed in the United States.
- The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce.
- Only potatoes outnumber lettuce salads in terms of annual consumption per capita.
- In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person).
- Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.
As a severe drought has damaged this year's lettuce crop.
Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.
Know more about the lettuce market here:
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Complete question:
A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____
A. decrease in the demand for lettuce.
B. rightward movement along the demand curve for lettuce.
C. a decrease in the supply of lettuce.
D. a decrease in both the demand and supply of lettuce
Complete Question:
Incurring an expense for advertising on account would be recorded by:
Group of answer choices
A) Debiting a liability account.
B) Crediting an asset account.
C) Debiting an expense account.
D) Debiting an asset account.
Answer:
C) Debiting an expense account.
Explanation:
Incurring an expense for advertising on account would be recorded by debiting an expense account.
This ultimately implies that, when a business firm incurs an expense such as on advertising its goods or services, the appropriate account on the balance sheet to record this will be to debit the advertising expense account and then credit the account payable.
Answer is Capital Budgeting
Reason
Evaluating and planning for long term investments and risk of future cash flows is capital budgeting.
There are three parts to an ethical response to error: disclosure, apology and amends. Honesty and humility are discussed as important virtues that facilitate coping and personal growth for the health care provider who is involved in mistakes.
