Answer:
$17.97 per unit
Explanation:
Using weighted average method, Equivalent units = Units that are completed during the period + Equivalent units in process at the end of period.
Equivalent units = 8,500 + 2,000*90%
Equivalent units = 8,500 + 1,800
Equivalent units = 10,300
Cost per equivalent unit for materials = (Beginning costs + Current costs) / Equivalent units
Cost per equivalent unit for materials = ($13,000 + $172,100) / 10,300 units
Cost per equivalent unit for materials = $185,100 / 10,300 units
Cost per equivalent unit for materials = $17.97 per unit
Answer:
Net Realizablel Value of Account receivable = $142,850
Explanation:
Particulars Amount
Total Accounts Receivable $164,200
- Pre-adjusted Uncollectable Account balance $7,250
- Current Year Uncollectable Amount <u>$14,100 </u> ($235000*6%)
Net Realizable Value <u>$142,850</u>
Answer:
The correct answer is option d.
Explanation:
Music compact discs are normal goods. This means that they have a positive income elasticity.
If musicians lower their royalties the cost of producing CDs will get reduced and producers will have more profit. The producers will be able to produce more compact discs at the same cost. This will cause the supply of compact discs to increase. As a result, the supply curve will move to the right.
Compact discs player is a complementary good for compact discs. A fall in the price of the complement will increase the demand for discs. At the same, an increase in income of music lovers will contribute to increasing the demand for discs.
As a result, the demand curve will shift to the right. This rightward shift in both the demand as well as the supply curve will cause the equilibrium quantity to increase. The change in price will depend upon the extent of change in demand and supply.
Answer:
Explanation: Entrepreneurship is the act of setting out on your own and starting a business instead of working for someone else in his business. While entrepreneurs must deal with a larger number of obstacles and fears than hourly or salaried employees, the payoff may be far greater as well
Answer:
D. Legal and administrative fees to operate the bankrupt firm
Explanation:
Under chapter 7, priority debt includes unpaid wages, child support, income taxes, etc. But before any priority debts, non-priority debts or secured or unsecured loans are paid, the bankruptcy court and trustee is paid first. In other words, you must first pay the administrative fees and expenses resulting from the bankruptcy procedure before any debts are paid off. The trustee is the person appointed to liquidate the firm.
