Answer:
The equivalent units for conversion costs under the FIFO method is 59,130 liters.
Explanation:
<u>Calculation of Equivalent units of Production for Conversion Costs</u>
Method : FIFO
To Compete Opening Work in Process (5,700 × 80%) = 4,560
Started and Completed (58,100 - 5,700) × 100% = 52,400
Closing Work in Process (3,100 × 70%) = 2,170
Equivalent units of Production for Conversion Costs = 59,130
The answer is 63922.75 dollars... i think :)
Answer:
Explanation:
The registrar can lawfully refuse o register a partnership under the listed conditions
1 . If its name is similar to any other existing partnership or business as the name of a business must be clearly unique
2.If its sole aim is perceived to be harmful or unpleasant, not in the public interest
3. It it has a name that the registrar has been directed by a higher authority not to approve
4. If the name is closely related to a partnership or a company that has been de-registered before
5. It the registrar believes on a reasonable ground the the partnership will be used to perpetrate criminal activities.
Answer:
800,000/600,000=1.33
Profit percentage = 1.33-1=0.33=33%
0.02*800,000=16,000 worth of goods returned
Profit= 0.33*16,000=5280
COGS= 16,000-5280=10,720
Adjusting Entry
Debit Credit
Goods returned 10,720
Profit 5,280
Cash 16,000
Explanation:
Answer:
Assets
Explanation:
Assets refer to an item of property owned by a person or company which is regarded as value and available to meet commitments, debts etc. So here you can say jaime's laptop computer, speaker system and blu ray player are his assets
