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3 years ago

Carmelita Inc., has the following information available:

Business

1 answer:

enot [183]3 years ago

3 0

Answer:

c. $35.95

Explanation:

Step 1 : Equivalent units

Materials

To finish Opening Work In Process (500 x 0%) 0

Started and Completed (4,500 x 100%) 4,500

Ending Work in Process (340 x 100%) 340

Equivalent units of Production 4,840

Conversion

To finish Opening Work In Process (500 x 40%) 200

Started and Completed (4,500 x 100%) 4,500

Ending Work in Process (340 x 30%) 102

Equivalent units of Production 4,802

Step 2 : Cost per equivalent unit

Materials = $22,252 ÷ 4,840 = $4.60

Conversion Costs = $150,535 ÷ 4,802 = $31.35

Therefore,

Total Unit Cost = $4.60 + $31.35 = $35.95

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Answer:

How many shares of common stock are outstanding?

C. 3,000

Explanation:

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The company issued 9,000 shares, it is reflected in the Common Stock account, $90.000 / $10 = 9,000.

Then in the Treasury Stock account are registered the shares that the company repurchases from the market, these are, 6,000 shares.

Finally the total Common Shares outstanding are 3,000.

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4 years ago

Many states tax cigarette purchases. Suppose that smokers are unhappy about paying the extra charge for their cigarettes. If the

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4 years ago

You will receive $5,000 a year in real terms for the next 5 years. Each payment will be received at the end of the period with t

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Answer:

$20,229.5

Explanation:

Given:

Amount to be received = $5,000

Time period, n = 5 years

nominal discount rate = 10.725%

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Now,

Using the Fischer's relation, we have

1 + Nominal rate = ( 1 + Real rate ) × ( 1 + Inflation )

on substituting the values, we get

( 1 + 10.725% ) = ( 1 + Real rate ) × ( 1 + 3% )

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Real rate = 1.075 - 1 = 0.075 or 7.5%

Thus,

Present Value of an ordinary annuity that makes $5000 every year payment for 5 years will be calculates as:

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4 years ago

In 2006, selected new automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. Wha

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Answer:

Explanation:

%increase is given as = increase/ original prices ×100

Increase = new cost - original cost

The original average cost is $16000,

And the new average cost is $28,000

Then,

Increase = 28000-16000

Increase =$12,000

Then,

%increase=increase/original cost ×100

%increase = 12000/16000 ×100

%increase=75%

The rate of increase of the automobile cost is 75%

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4 years ago

Fenton Manufacturing Company at June 30: Cash in bank account $ 6,455 Inventory of postage stamps $ 74 Money market fund balance

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Answer:

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The computation of the cash and cash equivalent is shown below:

= Cash in bank account + Money market fund balance + petty cash balance + money orders

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