Answer:
50 units
Explanation:
Particulars Physical units % Conversion EUP-Conversion
Ending Work-in-Process 200 25% 50 (200*25%)
Equivalent unit of production 200 50
So, the total equivalent units in ending inventory for assignment of conversion costs is 50 units.
The answer is that they should not continue to use that mark if it is already copyrighted or taken first by other companies for they could be demanded or could be filed a lawsuit especially when they harm the name of the mark that originally does not belong to them.
The step transforms the item toward completion (something changes)
The step is done right the first time (not a rework step)
The customer cares (or would pay) for the step to be done.
Answer:
Medium of exchange
Explanation:
Money is an object that is collectively and legally accepted as payment for goods and services. Money has three major functions as follows;
<em>1. Medium of exchange</em>
This is when money is used as an intermediate in the exchange of goods and services. When one decides to exchange one good or service for the other, the monetary value of these goods and services are determined and thus the purchase can be made knowing what value one is exchanging for the other.
<em>2. A unit of account;</em>
This is a standard numerical unit measurement of market value of goods and services. The market value of the goods and services are first determined. Then the goods or services are broken down into a unit of a good or services. The value per unit is then determined.
<em>3. A store of value</em>
For money to act as a store of value, the value of money has to be stable over time. This means that it has to be effectively stored. It also has to be reliably saved and retrieved.
In Tara's case, money served as a medium of exchange since she used a monetary value of $50,000 in the form of certificates of deposit to pay for a down payment to buy a house.