Answer:
a. The number of whole units to be accounted for and to be assigned costs for the period is 17,000 units
b. The number of equivalent units of production for the period is 16,160 units
Explanation:
a. The computation of the whole units assigned for the period is shown below:
= Units completed and transferred + ending units of work in progress
= 15,800 units + 1,200 units
= 17,000 units
b. The computation of the equivalent units are shown below:
= (Units completed and transferred × percentage of completion) + (ending units of work in progress × percentage of completion)
= 15,800 units × 100% + 1,200 units × 30%
= 15,800 units + 360 units
= 16,160 units
Answer: $400,000
Explanation:
Based on the information given in the question, Lisa's recognized gain or loss will be calculated as the difference between the amount that's realized and the adjusted basis. This will be:
Recognized gain will be:
= Amount realized - Adjusted basis
= $900,000 - $500,000
= $400,000
There's a recognized gain of $400,000
Answer:
$508.63
Explanation:
For this question, we use the Present value formula that is reflected in the attached spreadsheet. Kindly find it below:
Provided that
Given that,
Future value = $1,000
Rate of interest = 14%
NPER = 15 years
PMT = $1,000 × 6% = $60
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $508.63
Answer: $26,000
Explanation:
Ending Inventory = Beginning Inventory + Units to be produced - Sales
18,000 = 15,000 + Units to be produced - 23,000
Units to be produced = 18,000 + 23,000 - 15,000
Units to be produced = $26,000
Answer:
d. Over time
Explanation:
The interest revenue will be recognize over time, regardless of the payment
If we only recognize revenue at payment due, if the bank client doesn't paid then we cannot recognize the accrued interest receivable.
We will recognize over time.
