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
N76 [4]
3 years ago
13

Muhares, which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly thr

oughout manufacturing. The following selected information was taken from the company's accounting records:
Total equivalent units of materials: 8,000
Total equivalent units of conversion: 7,400
Units started and completed during the period: 6,500
On the basis of this information, the ending work-in-process inventory's stage of completion is:__________
a) 80%.
b) 70%.
c) 60%.
d) 40%.
e) some other percentage not listed above.
Business
1 answer:
Lapatulllka [165]3 years ago
4 0

Answer:

c). 60%

Explanation:

Calculation for what the ending work-in-process inventory's stage of completion is:

First step is to calculate the Units in process

Units in process = 8,000 - 6,500

Units in process= 1,500 units

Second step is to calculate Equivalent units of conversion for in process

Equivalent units of conversion for in process = 7,400 - 6,500

Equivalent units of conversion for in process= 900

Now let calculate the ending work-in-process inventory's stage of completion

Ending work-in-process inventory's stage of completion=900 / 1,500

Ending work-in-process inventory's stage of completion= 0.60*100

Ending work-in-process inventory's stage of completion=60%

Therefore the the ending work-in-process inventory's stage of completion is:60%

You might be interested in
Ou have 3 credit cards: $990.34 (credit limit: $3,500.00), $2,365.78 (credit limit: $4,600.00), and $5,897.65 (credit limit: $8,
Molodets [167]
The correct answer in this particular situation would be it increased.
4 0
4 years ago
Ursula has excelled as an auditor for a large financial consulting firm she loves building mutually beneficial
ValentinkaMS [17]

Ursula has excelled as an auditor for a huge financial consulting company she loves constructing the collectively beneficial high want for affiliation.

Specialists can perform diverse responsibilities which could range considerably relying on the industry. In a nutshell, experts offer professional evaluations, analyses, and hints to groups or people, primarily based on their personal understanding.

Examples might be locating and scaling new acquisition channels or finding approaches to enhance the overall advertising funnel to increase conversions. enjoy needed: Securing a booming advertising consultant position calls for a demonstrated document and a minimum of 3+ years of experience in the subject.

A consulting company is a commercial enterprise made out of enterprise-unique specialists who offer expert recommendations, guidance and actionable answers to companies experiencing troubles they can't address in residence. every company is certain to have troubles; consulting corporations are reduced in size to remedy them. specialists assist their customers to gain their business desires by way of providing expert recommendations in their area of scalability. They paint with their clients and advocate for them on business development, finance, advertising, income, operations, customer support, accounting, and monetary planning, among others.

Learn more about consulting here:

brainly.com/question/26417203

#SPJ4

5 0
2 years ago
Exercise 5-17A Record notes receivable and interest revenue (LO5-7) On April 1, 2021, Shoemaker Corporation realizes that one of
garik1379 [7]

Answer:

The Journal entries are as follows:

(a) On April 1, 2021

Notes receivable A/c          Dr. $600,000

To Cash A/c                                                  $600,000

(To record loan given)

(b) On December 31, 2021

Interest receivable ($600,000 × 11% × 9/12)  A/c     Dr. $49,500

To Interest revenue                                                                         $49,500

(To record accrued interest)

(c) On April 1, 2022

Cash A/c                    Dr. $666,000      

To Notes receivable                                     $600,000

To Interest receivable                                $49,500

To Interest revenue                                      $16,500  

(To record collection)

Notes:

Interest revenue on April 1, 2022:

= 11% of loan amount for 12 months - Accrued interest

= 0.11 × $600,000 - $49,500

= $66,000 - $49,500

= $16,500

7 0
3 years ago
A tariff is a trade barrier that:
Brut [27]
Tariffs raise the price of imported goods relative to domestic goods (good produced at home).
6 0
3 years ago
Read 2 more answers
What is the return on common stockholdersâ equity based on the following: Beginning Common Stockholdersâ Equity: $10,317,000 End
Slav-nsk [51]

Answer:

13.28%

Explanation:

return on stockholders' equity = net income after taxes and preferred stock dividends / average stockholders' equity

  • net income = $1,429,000
  • preferred stocks dividends = 8,000 stocks x $75 x 6% = $36,000
  • average stockholders' equity = ($10,317,000 + $10,662,000) / 2 = $10,489,500

return on stockholders' equity = ($1,429,000 - $36,000) / $10,489,500 = 13.28%

5 0
4 years ago
Other questions:
  • Coca Cola embarked on a program to replenish all of the water it uses in drinks and made good on its promise five years early th
    9·1 answer
  • "cat chaser. annette, who is angry because her neighbor, william, allows his dog to chase her cat, decides that she wants to get
    9·1 answer
  • Given the following financial statement data, calculate the operating cycle for this company. How long is the net operating cycl
    7·1 answer
  • Assume that the dollar is selling at a premium on the 30-day dollar/euro forward market. Which of the following is true of the f
    9·1 answer
  • All sequences can be described as functions because what???
    7·1 answer
  • Macon Vitamins sells a variety of vitamins and herbal supplements to small health food stores. Macon purchases the vitamins and
    15·1 answer
  • Formaggio Vecchio announced its regular quarterly cash dividend of $0.20 per share. Currently there are one million shares outst
    11·1 answer
  • Wage rates are primarily based on the:
    8·2 answers
  • Hardening A. You and your opponent calmly discuss the objective issues involved in the conflict. Fragmentation of the enemy B. Y
    14·1 answer
  • If your gross pay is $1500 each pay period, and you are paid semimonthly, what is your yearly gross pay?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!