1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sveta [45]
3 years ago
7

Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units dur

ing the month and had 10,000 units in process at month-end, 20% complete. Conversion costs associated with the beginning work-in-process inventory amounted to $231,000, and amounts that relate to the current month totaled $966,000. If conversion is incurred uniformly throughout manufacturing, Peach's equivalent-unit cost is:_________
A. $23.00
B. $23.94
C. $24.15
D. $28.50
E. some other amount
Business
1 answer:
Advocard [28]3 years ago
5 0

Answer:

D. $28.50

Explanation:

Peach Equivalent-unit cost = Total Cost / Units

Peach Equivalent-unit cost = ($966000 + $231000) / (40000 units + (10000 units*20% completion))

Peach Equivalent-unit cost = $1197000 / (40000 units + 2000 units)

Peach Equivalent-unit cost = $1197000 / 42000 units

Peach Equivalent-unit cost = $28.50

You might be interested in
If a bank uses $100,000 to purchase a building for $80,000 and equipment for $10,000, the balance sheet at the end of the transa
grigory [225]

Answer:

cash = $10,000, property assets = $90,000, and stock shares = $100,000.

Explanation:

4 0
2 years ago
The following statement was made by the vice president of finance of The Electric Company: "The managers of a company should use
RideAnS [48]

Answer:

Check the following explanation.

Explanation:

The goals of managers and shareholders are not always aligned. Agency theory suggests  this misalignment creates the need for costly monitoring through compensation contracts.

To align the goals of the two parties,compensation contracts should be designed to motivate the executive to make decisions that will not only increase his or her wealth, but will also increase shareholder wealth. Steps taken to increase shareholder wealth should be reflected in improved firm performance.Including both components in the contracts helps ensure the decisions of the executive are linked to various time horizons.

Shortterm components motivate the executive to make decisions that have an immediate affect on the firm. Long-term components are necessary to lengthen the decision horizon of the executive and enhance the likelihood of continued improvement in firm value. The long-term incentives in these  contracts can be based on improved shareholder wealth as well as improved firm performance.

8 0
3 years ago
A clothing store chain tracks the sale of each product at each location. Managers use this information to calculate the organiza
Ksivusya [100]

Answer:Flexible

Explanation:

According to the question, clothing store tracks the sale at each location so, they are taking a very large base of consumers and they are considering each consumer that is why the quality information is flexible.

Demands of each consumer may vary such that one wants cotton fabric, another wants polyester so this makes the information more flexible as it may vary largely.

3 0
3 years ago
Which of the following is a possible market solution to the lemons problem? Producers might be required to meet certain legal st
solniwko [45]

Answer:

Producers might offer product guarantees and warranties

Explanation:

In business, lemon problems refers to the problems that might occur during transaction that is caused by different information possessed by the sellers and the buyers

<u>For example,</u>

Let's say that Person A offered to sell 10 lemons for $1. Person B is interested to purchase it since average price for 10 lemons is $2.  Person B believed that the transaction is worth it.

But, Person A knows that the Lemons sold is in bad condition before he even sell it. Person B doesn't know this, so when he receive the lemon, the value of the product become lower than he expected.

Offering guarantees can solve this problem. The buyers can obtain their money back if the condition of the product is not as promised by the sellers.

8 0
3 years ago
At what point does corporation make money from stocks
labwork [276]

Answer:

a corporation make money from stocks  at the IPO. Initial Public Offering.

Explanation:

A corporation only makes money out of a stick when it is Issued for the first time. This operation is called IPO and it’s the primary market for a stock in the exchange market.  

After the stock is sold to an investor the stock goes into the secondary market, In the secondary market the people that make a profit out of the sale of a stock are the stockholders but not the corporation.  

3 0
3 years ago
Other questions:
  • American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota
    9·1 answer
  • 3
    6·1 answer
  • How are contract law and torts related?
    14·2 answers
  • Loft Industries sells roof trusses to contractors and builders and is currently looking for honest feedback on its services. How
    15·1 answer
  • The student-run newspaper asks students to visit a web page and respond to questions regarding a proposed tuition increase. Only
    13·1 answer
  • A bond has a current yield of 9% and a yield to maturity of 10%. Is the bond selling above or below par value?
    14·1 answer
  • Addresses do not change if you copy them to a different cell
    6·1 answer
  • Using the information provided about marketing and advertising law, determine which of the following would be a violation of thi
    7·2 answers
  • Why is it important to track your income and your expenses?
    9·1 answer
  • You have been hired as the Economics Advisor in a XYZ Ltd to help steer the company to greater heights. The company is launching
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!