2- A local car dealer is advertising two leasing options for its new XT 3000 series sports car. Option A: is a standard 24-month lease of $1150 per month. In addition, this option requires a down payment of $4500, plus a $1000 refundable initial deposit. In option A, the lease payments are due at the beginning of every month. For example, the first lease payment (equal to $1150) is due at the beginning of month 1. Option B: In this option, the company offers a 24-month lease plan that has only a single up-front payment of $31000 (which is paid at the beginning of month one) Note: The initial deposit in option A will be refunded to the customer at the end of month 24. Assume an interest rate of 6% compounded monthly. Which option is better for the customer

Answers

Answer 1

Answer:

A. Interest rates wouldn't be so high. Customer would be able to afford this lease better.


Related Questions

Learning involves changes in an individual's behavior resulting from previous experiences and information.
t or f

Answers

I believe it’s false here’s a link to see it https://quizlet.com/216989329/chapter-13-marketing-helping-buyers-buy-flash-cards/

It is a true statement that Learning involves changes in an individual's behavior resulting from previous experiences and information.

What is a Learning?

It refers to when we acquire knowledge or skills through personal study, experience, lesson, lecture etc

Hence, this process creates changes in an individual's behavior resulting from previous experiences and information as they tends to manifest in the learners action.

Therefore, it is a true statement

Read more about Learning

brainly.com/question/24959987

What steps will allow you to use the Keep Together property to ensure that none of the records are broken between two pages when they are printed?

Answers

Answer: 1. design

2. property sheet

3. yes

Explanation: just did it

The following materials standards have been established for a particular product at Zoom Industries: Standard quantity per unit of output 6.3 pounds Standard price $15.10 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased 7,650 pounds Actual cost of materials purchased $64,780 Actual materials used in production 7,150 pounds Actual output 890 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month

Answers

Answer:

the material quantity variance is $23,299.30 unfavorable

Explanation:

The computation of the material quantity variance is shown below:

= (standard quantity - actual quantity) × standard rate

= (6.3 × 890  - 7,150) × $15.10

= (5,607 - 7,150) × $15.10

=  $23,299.30 unfavorable

Hence, the material quantity variance is $23,299.30 unfavorable

The notes to a recent annual report from Weebok Corporation indicated that the company acquired another company, Sport Shoes, Inc. Assume that Weebok acquired Sport Shoes on January 5 of the current year. Weebok acquired the name of the company and all of its assets for $511,000 cash. Weebok did not assume the liabilities. The transaction was closed on January 5 of the current year, at which time the balance sheet of Sport Shoes reflected the following book values and an independent appraiser estimated the following market values for the assets:

Sport Shoes, Inc.
January 5 of the Current Year Book Value Market Value
Accounts receivable (net) $35,000 $35,000
Inventory 210,000 183,000
Fixed assets (net) 23,000 46,500
Other assets 10,000 16,000
Total Assets $278,000
Liabilities $72,000
Stockholders' equity 206,000

Market values for the purchased assets were provided to Weebok by an independent appraiser.

Required:
Compute the amount of goodwill resulting from the purchase.

Answers

Answer: $230,500

Explanation:

Goodwill is the amount over the value of a company that is purchased for.

Fair market value is the relevant value used in goodwill calculation because it represents the current value of the assets acquired.

Goodwill = Acquisition price - Fair market values of the assets

= 511,000 - 35,000 - 183,000 - 46,500 - 16,000

= $230,500

During 2017, Grambling Company purchased 10,000 shares of Southern Corp. common stock for $215,000 as a passive interest investment. The fair value of these shares was $289,000 at December 31, 2017. During 2018, Grambling sold all of the Southern stock for $226,000. Grambling Company should report a realized gain on the sale of stock in 2018 of:______.A. $25,000.
B. $26,000.
C. $11,000.
D. $37,000.

Answers

Answer:

C. $11,000

Explanation:

Calculation to determine what Grambling Company should report as a realized gain on the sale of stock in 2018

Using this formula

2018 Realized gain on the sale of stock =Selling price-Cost of securities

Let plug in the formula

2018 Realized gain on the sale of stock=

$226,000 -$215,000

2018 Realized gain on the sale of stock=$11,000

Therefore Grambling Company should report a realized gain on the sale of stock in 2018 of $11,000

Government corrects____externalities by subsidizing the activity, as they do with____corrects____externalities by regulating or taxing activity in order to____pollution provides_____goods like national defense because of the free-rider problem promotes_____because markets with few firms tend to be inefficient provides assistance to those in need in order to improve____attempts to pursue macroeconomic goals, including____, _____, and____.

Answers

Answer:

Government corrects positive externalities by subsidizing the activity, as they do with education.

Positive externalities are encouraged by subsidizing them so that they increase the more.

corrects negative externalities by regulating or taxing activity in order to discourage pollution.

Negative externalities are punished by regulation and taxation to discourage their spread.

provides public goods like national defense because of the free-rider problem

Public goods need to be provided because everyone needs access to them and not just a select few.

promotes competition because markets with few firms tend to be inefficient.

Monopolies have been shown to be inefficient as they do not have any competition that inspires innovation.

provides assistance to those in need in order to improve equity.

attempts to pursue macroeconomic goals, including low unemployment, strong growth, and stability.

It is a government's duty to ensure that the country is experiencing certain macro economic goals such as low unemployment, strong growth and economic stability.

Note: Options were too much to attach to answer as they required multiple pictures so I hope you have access to those options.

There are 3 servers in the checkout area. The interarrival time of customers is 2 minutes. The processing time is 5 minutes. The coefficients of variation for the arrival process and the service process are 1 and 0.85 respectively. What will be the impact on the average number of customers in service if one more server is added

Answers

Answer:

As the one more server is added the Average number of customers in service reduces from  ( 5.585 to 3.019  )    which is a reduction of 2.566

Explanation:

interval time of customers ( a )  = 2 minutes

processing time ( p ) = 5 minutes

coefficient of variation for arrival process ( Cva ) = 1

coefficient of variation for service process ( Cvp ) = 0.85

Determine the impact on the average number of customers in service if one more server is added

For three (3) servers (  m ) we will have

flow rate = 1 / a = 1/2 = 0.5

x =  ( 2 (m+1) -1 ) ^0.5

where m = 3 ( number of servers )

hence X = 2.645

now lets determine

i) utilization =  p / (m*a). where p = 5 , m = 3 , a = 2

hence utilization ( u ) = 0.833 ,  1 - u = 1 - 0.833 = 0.167

ii) Time spent in queue

time spent in queue = 6.17 minutes

number of customers been served = mu = 3 * 0.833 = 2.500

number of customers waiting to be served = waiting time / arrival time

= 6.17 / 2 = 3.085

iii) Average customer in queue = number of customers been serviced + number of customers waiting to be served =  2.5 + 3.085 = 5.585

For 4 servers  ( m = 4 )

x = ( 2 (m+1) -1 ) ^0.5  

   = ( 2 ( 5 ) - 1 ) ^ 0.5 = 3

utilization =  p / (m*a). where p = 5 , m = 4 , a = 2

   hence utilization = 0.625 ,  

Time spent in queue =  1.039 minutes  ( using equation 2 )

number of customers been serviced = m* u = 2.5

number of customers waiting to be served = waiting time / arrival time

= 1.039 / 2 = 0.520

Average customer in queue = number of customers been serviced + number of customers waiting to be served = 2.5 + 0.520 = 3.019

hence as the one more server is added the Average number of customers in service reduces from  ( 5.585 to 3.019  )    which is a reduction of 2.566

Assume you are using the dividend growth model to value stocks. If you expect the inflation rate to increase, you should also expect: A. market value of all stocks to decrease, all else equal. B. market value of all stocks to remain constant as the dividend growth will offset the increase in inflation. C. stocks that do not pay dividends to decrease in price while dividend paying stocks maintain a constant price.

Answers

Answer:

A

Explanation:

the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid

r = interest rate

g = growth rate

Interest rate used is usually nominal, thus, it increases with inflation rate

We can see that the interest rate is an inverse function of the value, thus when inflation increases, interest rate increases and price declines

Example

d1 = 5

r = 10%

g = 5%

5/ (0.1 - 0,05) = 100

when interest rate increases to 20% as a result of inflation, value becomes

5 / 0.2 - 0.05 = 33.33

value decreased with increase in inflation

Jenna has been working at Firenzi Entertainment Group for the past 3 years as a location scout. One of Jenna's chief responsibilities is to travel with a team of 5 people to international locations to try to find potential sets for films. Jenna also has a legal background and previous experience working as an entertainment agent. She is the only one on her team with this experience. Therefore, Jenna's secondary role is writing the license deal and various contracts once the location has been found. Eighty percent of her job can be sitting at a desk writing the agreements and negotiating deals over the phone. In the past year Jenna has been suffering from migraines which trigger vertigo and dizziness. She has been told by two doctors not to travel because the plane compression will make the migraines worse. Jenna brings the proper medical paperwork and lets her boss know she won't be able to travel. Her boss says that is a requirement of the job and if she can't travel then she can no longer perform her role and would be terminated. Jenna would like some advice from you whether the American With Disabilities Act will protect her. 1) What are the relevant rules under the ADA that pertain here

Answers

Answer:

One Of Jenna's Chief Responsibilities Is To Travel With A Team Of 5 People To International Locations To Try To Find Potential Sets For Films. Jenna Also Has A Legal Background And Previous Experience Working As An ... Jenna has been working at Firenzi Entertainment Group for the past 3 years as a  location scout.

The U.S. Chamber of Commerce provides a free monthly bank reconciliation template at business.uschamber/tools/bankre_m.asp. Hanna Lind just received her bank statement notice online. She wants to reconcile her checking account with her bank statement and has chosen to reconcile her accounts manually. Her checkbook shows a balance of $715. Her bank statement reflects a balance of $1,386. Checks outstanding are No. 2146, $53; No. 2148, $93; No. 2152, $178; and No. 2153, $490. Deposits in transit are $122 and $77. There is a $18 service charge and $9 ATM charge in addition to notes collected of $68 and $15.
Prepare Hanna’s bank reconciliation.

Answers

Answer:

Hanna’s bank reconciliation Statement.

Balance as per Bank Statement                           $1,386

Add Outstanding Lodgments :

Lodgments ($122 + $77)                                          $199

Less Unpresented Checks :

No. 2146,                                                  $53

No. 2148,                                                  $93

No. 2152,                                                  $178

No. 2153,                                                  $490       ($814)

Balance as per Cash Book                                       $771

Explanation:

The Bank Reconciliation Statement is used to provide an accurate cash balance figure and is prepared as above.

Ravonette Corporation issued 300 shares of $10 par value common stock and 100 shares of $50 par value preferred stock for a lump sum of $13,500.
1) The common stock has a market value of $20 per share, and the preferred stock has a market value of $90 per share.
2) The common stock has a market value of $20 per share, and the value of preferred stock is unknown.
Prepare the journal entry to record the issuance. (Round answers to 0 decimal places, e.g., 1520. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Account Titles and Explanation Debit Credit

Answers

Answer:

A. Dr Cash $13,500

Cr Preferred Stock $5,000

Cr Common Stock $3,000

Cr PICEP-preferred 3,100

Cr PICEP-Common 2,400

B. Dr Cash 13,500

Cr Common Stock 3,000

Cr PICEP-(c/s) 3,000

Cr Preferred stock 5,000

Cr PICEP (p/s) 2,500

Explanation:

Preparation of the journal entry to record the issuance

Dr Cash $13,500

Cr Preferred Stock $5,000

(100 shares * $50)

Cr Common Stock $3,000

(300 shares * $10)

Cr PICEP-preferred 3,100

($8,100-$5,000)

Cr PICEP-Common 2,400

($5,400-$3,000)

Preferred share$90*100) $9000

Common stock($20*300) $6000

Total $15,000

$9000/$15000*$13500

=$8,100

$6000/$15000*$13,500

=$5,400

B.

Cash 13,500

Common Stock 3,000

(300 shares * $10)

PICEP-(c/s) 3,000

(300 shares * $10)

Preferred stock 5,000

(100 shares * $50)

PICEP (p/s) 2,500

[13,500-($20*300)]-$5,000

= $7,500-$5,000

=$2,500

The project management plan is the output of the planning process of project _____. a. scope management b. procurement management c. integration management d. quality management

Answers

Hola lo siento no te entiendo

The planning for project management should be the result of the planning process of project integration management.

The information related to the project integration management is as follows:

It involved the coordination of all the parts of the projects. It is the formal document that measured how the project should be executed, controlled & checked.

Therefore, the other options are incorrect.

Thus we can conclude that the planning for project management should be the result of the planning process of project integration management.

Learn more about the project here: brainly.com/question/15999858

The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years. Interest is paid every six months; the next interest payment is scheduled for six months from today. Assuming the yield on similar risk investments is 14 percent, calculate the current market value (price) of the bond.

Answers

Answer:

Market value of bond = 841.14

Explanation:

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate.

Value of Bond = PV of interest + PV of RV

The value of bond  can be worked out as follows:

Step 1  

Calculate the PV of interest payments

Semi annual interest payment

= 10% × 1,000× 1/2 = 50

PV of interest payment

A ×(1- (1+r)^(-n))/r

r- semi-annual yield = 14%/2 = 7%

n- 6× 2 = 12

= 50× (1-(1.07^(-12)/0.07

= 397.13

Step 2

PV of redemption Value

PV = $1000 × (1.07)^(-12)

= 444.011

Step 3

Price of bond

= 397.13 +444.01

=841.14

Market value of bond = 841.14

Discuss the negative impact of piracy on businesses.​

Answers

Let's take a game company for example. To make a video game you have to invest into a large team of developers who work hard several years so that the final product comes out polished and ready to be played. Game piracy directly hurts the company's income and the company has to somehow pay their developers. This model applies to each industry today and that's why piracy is technically illegal today, in a way we can even call it stealing.

Members of 67 countries attended a conference on economic development hosted by an international organization based in Gent, Belgium. Attendees of the workshop learned about techniques designed to assist countries in expanding their degree of economic development. Emerging markets act as manufacturing bases for global Miltinationals Enterprises because of ________.

Answers

Answer:

High availability.of cheaper labour

Explanation:

An emerging market is defined as one that does not meet the standards of a fully developed market. For example in the area.of labour cost there is no standard set for it.

So companies can get cheap labour from these economies.

Companies like Apple and Nike have used cheap labour from emerging countries to reduce their cost of production.

Manufacturing bases are established in relatively poorer economies where the workers are willing to work for cheap wage

The law of supply indicates that:A)the product supply curve is downsloping.B)consumers will purchase less of a good at high prices than they will at low prices.C)producers will offer more of a product at high prices than they will at low prices.D)producers will offer more of a product at low prices than they will at high prices.

Answers

Answer:

C) producers will offer more of a product at high prices than they will at low prices.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

The law of supply indicates that producers will offer more of a product at high prices than they will at low prices.

In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

When the price level rises, the wealth effect and the interest-rate effect provide incentives for consumers to spend less. The price level of goods and services in an economy influences the exchange rate, imports and exports.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

High owns 60% of Low. In 2019, Low sold inventory (cost $70,000) to High for $100,000. 40% of this inventory was not sold to third parties by High until 2020. In 2020, Low sold inventory (cost $72,000) to High for $120,000. Of this inventory, $50,000 was not sold to third parties by High until 2021. In 2020, Low reports $70,000 of net income. What is the noncontrolling interest in 2020 income of Low. $24,800 $31,200 $37,200 $46,800

Answers

Answer: $24800

Explanation:

To calculate the noncontrolling interest in 2020 income of Low goes thus:

Profit reported by Low in 2020 = $70000

Add: Profit in opening stock that isn't sold to third party = ($100,000 × 40%) × 30% = $12,000

Less Profit in Opening stock that's not sold to third party = $50000 ×40% =$20000

The Total Profit will be:

= $70000 + $12000 - $20000

= $62000

Then, the noncontrolling interest in 2020 income of Low will be:

= $62000 × 40%

= $62000 × 0.4

= $24800

A liquid asset is one that is easy to cash in.
What is the most liquid asset?
Which is more liquid, a savings account or a loan to a business?

Answers

Cash on hand is the most liquid asset. Money in a savings account is a popular liquid asset and is very easy to withdraw and more liquid than a loan to a business.
Cash on hand is considered the most liquid type of liquid asset since it is cash itself.

The aggregate demand curve is downward sloping because production costs decline as real GDP increases. is upward sloping because a higher price level is necessary to make production profitable as production costs rise. shows the amount of expenditures required to induce the production of each possible level of real GDP. shows the amount of real GDP that will be demanded at each possible price level. g

Answers

Answer: shows the amount of real GDP that will be demanded at each possible price level.

Explanation:

The Aggregate Demand curve shows how much of real GDP is demanded at each possible price level which means that is shows the effect of the price level on real GDP.

If the price level rises, real GDP will decrease and if the price level falls, real GDP rises. This is why the aggregate demand curve is downward sloping, to reflect this inverse relationship between real GDP and price level.

In 2020, Ensley drove her automobile 28,500 miles. She incurred the following expenses during the year related to the automobile: Gas and oil, lubrication: $1,800 Insurance: $980 Repairs: $360 Licenses and registration fees: $50 Business parking and tolls: $170 She uses the automobile 80% for business. Based on the data, Ensley's automobile deduction under the actual cost method is $fill in the blank 1.

Answers

Answer: $2722

Explanation:

Ensley's automobile deduction under the actual cost method is calculated below:

Gas and oil = $1800

Add: Insurance = $980

Add: Repairs = $360

Add: Licenses and registration fees = $50

Total Expenses = $3190

We then calculate the business usage which will be:

= 80% of $3190

= 0.8 × $3190

= $2552

We then add the cost of business parking and tolls, then the total deduction will be:

= $2552 + $170

= $2722

Trell Corporation transferred $56,000 of accounts receivable to a local bank. The transfer was made without recourse. The local bank remits 80% of the factored amount to Trell and retains the remaining 20%. When the bank collects the receivables, it will remit to Trell the retained amount less a fee equal to 3% of the total amount factored. Trell estimates a fair value of its 20% interest in the receivables of $11,000 (not including the 3% fee). Trell will show an amount receivable from factor of:

Answers

Answer:

$9,320

Explanation:

Calculation to determine what Trell will show as the amount receivable from factor of:

Using this formula

Amount receivable =Interest in the receivables-( Local bank transferred accounts receivable*Fees percentage)

Let plug in the formula

Amount receivable=$11,000 - ($56,000 × 3%)

Amount receivable=$11,000-$1,680

Amount receivable= $9,320

Therefore Trell will show an amount receivable from factor of:$9,320

Jefferson is interested in starting his own business. He plans to borrow money from the local bank in order to finance the business. They will require him to submit a business plan and a(n) _____.a.buy-out planb.income statementc.partnership agreementd.financial plan

Answers

Answer:

d.financial plan

Explanation:

A financial plan is a document that gives a picture of the monetary position of a person or entity, their future monetary goals, along with strategies that are aimed meeting such goals.

A business plan is the general goals of a business and ways in which they can be achieved.

In the given scenario Jefferson has given his business plan. But he also needs to give a financial plan that will show the bank how feasible his business is.

The following production data were taken from the records of the Finishing Department for June:

Inventory in process, June 1, 30% completed 4,000 units
Completed units during June 65,000 units
Ending inventory, 60% completed 65,000 units

The number of materials equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories and materials were added at the beginning of the process, is:______

Answers

Answer:

the equivalent units of production related to the material is 126,000 units

Explanation:

The computation of the equivalent units of production related to the material is shown below:

= Completed units + Ending inventory units - Beginning inventory units.

= 65,000 units + 65,000 units -  4,000 units

= 126,000 units

hence, the equivalent units of production related to the material is 126,000 units

why did the gradute students and professors score lower than chimpanzees in Rosling's global health pre test?​

Answers

Answer:

...

Explanation:

"The problem... was not ignorance; it was preconceived ideas ." other words, pre-existing misconceptions in the minds of the test-takers caused them to return a worse result than if they had had no conceptions at all.

Project L costs $45,000, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 8%. What is the project's discounted payback

Answers

Answer:

5.155 year

Explanation:

The computation of the projected discounted payback period is shown below:

Year      Inflow     Present value   Present value   Cumulative PV

                           factor at 8%  

1          11000             0.926                  10186               10186

2         11000             0.857                  9427                 19613

3          11000           0.794                   8734                28347

4          11000           0.735                   8085               36432

5          11000          0.681                    7491                43923

6          11000          0.631                   6941                 50864

7         11000           0.583                  6413                  57277

8         11000          0.540                  5940                 63217

Now

Discounted payback period  is

= 5 year + (45000-43923) ÷ 6941

= 5 year + 0.155

= 5.155 year

General Mattress Company makes Memory Foam mattresses, a mass-market high-volume product, and Magnetic Levitation mattresses, a premium low-volume product. The company uses a traditional cost allocation with a single cost pool. It is planning to implement activity-based costing (ABC). After implementing ABC, the company will likely find that the traditional cost allocation: Group of answer choices

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

First of all, this question is not complete and lacks the group of answer choices. However, I have found that question with complete options on the internet.

So,

The Correct option is: D

Option D =  Not enough information

Reasoning:

For overestimated or underestimated or not full information required i.e. cost under traditional method and cost under activity based cost method , both information required for compare methods cost under each method.

Under Activity base costing all indirect cost is applied as per activities use by each product but under traditional method only one key factor use for applied overheads i.e. direct labor hours or machine hours etc.

what effect does a rise in fuel prices have on product prices​

Answers

Answer:

Rise in product prices

Explanation:

It becomes more expensive to produce and to transport the goods, so the product price will increase to make up for it.

When the price of a good is $5, the quantity demanded of a good is 30 units, and the quantity supplied of the good is 50 units. For every $1 decrease in the price of this good, quantity demanded rises by 5 units and quantity supplied falls by 5 units. The equilibrium price of this good is ___________and the equilibrium quantity of this good is _________ units.

Answers

Answer:

the equilibrium price is $3 and equilibrium quantity is 40

Explanation:

The computation of the equilibrium price and quantity is shown below:

Price       Quantity demanded          Quantity supplied

$5                 30                                     50

$4                  35                                     45

$3                  40                                     40

$2                  45                                      35

$1                   50                                      30            

The equilibrium price is the price where the quantity demanded is equivalent to the quantity supplied        

So the equilibrium price is $3 and equilibrium quantity is 40

A Rhode Island company produces communion wafers for churches around the country and the world. The little company produces a lot of wafers, several hundred million per year. When in production, the process produces wafers at the rate of 112 per second. During this production process, the wafers must spend 12 minutes passing through a cooling tube.

Required:
How many wafers does the cooling tube hold on average when in production?

Answers

Answer:

80,640 wafers

Explanation:

Calculation to determine How many wafers does the cooling tube hold on average when in production

Using this formula

I = R x T

Where,

R = 112 wafers per second x 60

R = 6720 wafers per minute

T = 12 minutes

Let compute for I using the formula aboi

I = 6720 x 12

I = 80,640 wafers

Therefore How many wafers does the cooling tube hold on average when in production are 80,640 wafers

Shiffon Electronics manufactures music players. Its costing system uses two cost​ categories, direct materials and conversion costs. Each product must pass through the Assembly​ Department, the Programming​ department, and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Shiffon Electronics uses weightedaverage costing. The following information is available for the month of March 2020 for the Assembly department. Work in​ process, beginning inventory units Conversion costs ​(​% ​complete) Units started during March units Work in​ process, ending​ inventory: units Conversion costs ​(​% ​complete) The cost details for the month of March are as​ follows: Work in​ process, beginning inventory Direct materials Conversion costs Direct materials costs added during March Conversion costs added during March What are the equivalent units for direct materials and conversion​ costs, respectively, for​ March?

Answers

Answer:

1,100 units; 1,050 units

Explanation:

Calculation to determine the equivalent units for direct materials and conversion​ costs, respectively, for​ March

DIRECT MATERIALS CONVERSION COSTS L

Completed and transferred out

1,000 units 1,000 units

(300 units+800 units - 100 units)

Add Work in process, ending

100 units 50 units

(50% Complete*100 units=50 units)

Total equivalent units

1,100 units 1,050 units

Therefore the equivalent units for direct materials and conversion​ costs, respectively, for​ March will be 1,100 units; 1,050 units

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