What do it feel like working at footlocker?

RSTN Co. produces its product through two sequential processing departments. Direct materials and conversion are added to the pr

hoa [83]

Answer:

RSTN Co.

The number of equivalent units of production for October are:

Materials Conversion

Equivalent units of production 140,000 157,000

Explanation:

a) Data and Calculations

Units Materials Conversion

Beginning work in process 30,000 100% 30%

Units started and completed 120,000 100% 100%

Ending work in process 20,000 100% 80%

Equivalent units using FIFO method:

Units Materials Conversion

Beginning work in process 30,000 0 (0%) 21,000 (70%)

Units started and completed 120,000 120,000 (100%) 120,000 (100%)

Ending work in process 20,000 20,000 (100%) 16,000 (80%)

Equivalent units of production 140,000 157,000

7 0

3 years ago

A rise in the price of Pepsi that causes a household to shift its purchasing pattern toward Coke and away from Pepsi is the ____

Ymorist [56]

Answer:Substitution ---B

Explanation:

When goods are closely related together such that they both give similar purpose , they are called Substitute goods.

Therefore when any of the substitute goods prices rises, Consumers will go for the cheaper alternatives which will provide more value for thier money.

Here, the rise in the price of Pepsi caused consumers to shift to a cheaper alternative which is Coke. Other substitute goods that can have the Substitution effect include beef and chicken, butter and margarine etc

5 0

3 years ago

Why is investing important in an economy?

zheka24 [161]

Investing is important to make the cash flow of the economy.

Explanation:

The most vital component of a growing economy is the cash flow.

If the cash is not flowing from one business and one hand to another the economy is bogged down and then a slowdown occurs all across with a ripple effect.

Investments constantly bring capital in for the companies that are then able to spend that investment and to bring more and more money into the cash flow of the economy thus strengthening the circulation and creating growth.

This growth is what ultimately results in the growth of the whole economy.

8 0

4 years ago

Sarjit Systems sold software to a customer for $80,000.

Ipatiy [6.2K]

Answer:

If the products are sold seperately they would sell for $100,000:

Software $70,000 = 70%

Technical Support $30,000 = 30%

Sarjit Systems sold the software for $80,000

Software 70% of 80,000 = $56,000

Technical Support 30% of 80,000 = $24,000

We will record technical support as deferred revenue since the customer pays for the support upfront before receiving the service.

The journal entry would be:

Account Title Debit Credit

Cash 80,000

Sales Revenue 56,000

Deferred Revenue 24,000

8 0

3 years ago

If both the real interest rate and the nominal interest rate are 3 percent, then the

Ahat [919]

If both the real interest rate and the nominal interest rate are 3%, then the inflation premium is zero. Because there is no inflation due to interest rates being equal. Inflation premiums is a way lenders use interest rates to cause raises in nominal interest rates, so if they equal, they are at an inflation premium of zero.

8 0

3 years ago