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Whitepunk [10]
2 years ago
15

How can you describe the business in no more than 2 sentences?

Business
1 answer:
faust18 [17]2 years ago
5 0

Answer:

Ok So.... A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations.

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Beginning WIP is 45% complete and ending WIP is 10% complete as to conversion costs. Materials are added at the beginning of the
lara [203]

Answer:

c. none of these

units started into the process this period plus units in beginning inventory

Explanation:

In FIFO , the physical units are divided between the beginning units, units started in process and the ending units. But as all the materials is added at the beginning of the process so the FIFO physical units would be divided between the units started into the process this period plus units in beginning inventory and hence the equivalent units for materials will be calculated.

So the best choice is option c.

5 0
3 years ago
How does supply and demand affect prices?
irakobra [83]
The higher the supply the lower the price will be and the higher the demand the higher the price will be. This means that they have an inverse relationship. In short, the more you need something the more you're willing to pay for it, and the less you need it the less you want to pay, and this is basically how the economy works when producing and selling.
3 0
3 years ago
Read 2 more answers
Department D had materials costs of $10,000 in beginning work in process inventory and added an additional $50,000 in materials
EastWind [94]

Answer:

The correct answer is $3

Explanation:

Cost per equivalent unit = Total costs / EUP for materials = ($50000+ $10000) / 20000 = $3

3 0
3 years ago
How many of the following events would require an expense to be recorded? Ordering office supplies Hiring a receptionist Paying
Marat540 [252]

Answer:

C)Two.

Paying employees' salaries for the current month

Receiving but not paying a current utility bill.

Explanation:

When salaries are played to employees, an entry is recorded in Salary Expense account.

In accrual accounting when utility bill is received it is recognised in the books even when payment has not been made. Because it is a current utility bill it has to be recorded in this period.

7 0
2 years ago
In a portfolio problem, X1, X2, and X3 represent the number of shares purchased of stocks 1, 2, and 3, which have selling prices
vaieri [72.5K]

Answer:

The correct solution is "x_1 \leq 0.35 (x_1 + x_2 + x_3)".

Explanation:

According to the question,

Let,

For stock 1,

The number of shares to be purchased will be "x_1".

For stock 2,

The number of shares to be purchased will be "x_2".

For stock 3,

The number of shares to be purchased will be "x_3".

then,

The cumulative number of shares throughout stock 1 would be well over or equivalent towards the approximate amount of all the shares or stocks for the set limit.

i.e., x_1+x_2+x_3

Thus the correct equation is "x_1 \leq 0.35(x_1+x_2+x_3)".

7 0
2 years ago
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