Answer:
True
Explanation:
<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:
</em>
Equivalent units = Degree of work done(%) × units of inventory
Equivalent units
<em>Direct material:</em>
Balance of work = 100-80 = 20%
Equivalent of work to be added = 20% × 40,000 = 8,000
<em>Labour</em>
Balance of work = 100-50= 50%
Equivalent of work to be added =50% × 40,000 = 20,000 units
<em>Equivalent of work to be added(units)</em>
Material 8000
Labour 20,000
Answer:There will be increase in supply and decrease in demand
Explanation:
One of the Law of demand states that the lower the price the higher the quantity demanded and vice versa, while for supply it states that the higher the price the higher the quantity supplied and vice versa.
Since the value of US dollar is still high then the supply will be high in the market, but with the expectation of future fall, demand will be low because buyers are waiting for drop in value. There will be excess supply and lower demand.
Answer:
Edgar is a chef and the kitchen manager in an upscale restaurant. He is very knowledgeable in both the culinary and restaurant management fields. Because he possesses these technical skills, Edgar can be considered an Management by objectives (MBO)
Explanation:
Management by Objectives (MBO) has to do with management of organization in terms of their goals and ensure maximum performance is recorded. Edgar used MBO as a result helps the restaurant to harness their resources and manage it efficiently.
Answer:
E
Explanation:
Future value of an annuity is a method used to calculate the value of a recurring payments in the future.It involves the principal payment , a specific timeline and also interest or discount rate.
Assuming the rate of discount or interest do not change , it can help to accurately predict the value of a future payment or saving.
The interest or discount rate is factored into the present value of the annuity in order to derive the future value.
Answer:
$867,000
Explanation:
Assets are economic resources controlled by the entity as a result of past events from which cash is expected to flow into the business.
The Amount of Total Assets Available is calculated as follows:
Beginning Balance $860,000
Equipment Acquired $7,000
Supplies Inventory $3,600
Cash payment for Supplies ($3,600)
Cost of Land sold ($16,000)
Cash Proceeds from the sale of land $16,000
Total Assets $867,000
