Answer:
B) increase of $2,520
Explanation:
Calculation for What should be the overall effect on the company's monthly net operating income of this change
Using this formula
Increase (Decrease) in net operating income= Additional contribution margin from increased sales - Advertising cost
Let plug in the formula
Increase (Decrease) in net operating income= (170*$56)- $7,000
Increase (Decrease) in net operating income= $9,520 - $7,000
Increase (Decrease) in net operating income= increase of $2,520
Therefore What should be the overall effect on the company's monthly net operating income of this change is increase of $2,520
Burke Tires just paid a dividend of D0 = $2.25. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value? Select the correct answer. a. $79.52 b. $78.00 c. $76.48 d. $77.24 e. $78.76
Answer:
c. $76.48
Explanation:
The value of the stock is the present value of future cash flows
First, calculate each year's dividend
First year dividend = D1 = D0 x ( 1 + first year growth rate ) = $2.25 x ( 1 + 30% ) = $2.925
Second year dividend = D2 = D1 x ( 1 + Second year growth rate ) = $2.925 x ( 1 + 10% ) = $3.2175
Second year dividend = D3 = D2 x ( 1 + Second year growth rate ) = $3.2175 x ( 1 + 5% ) = $3.378375
Now calculate the present value of each year's dividend
Present value of D1 = D1 / ( 1 + required return )^1 = $2.925 / ( 1 + 9.00% )^1 = $2.6834
Present value of D2 = D2 / ( 1 + required return )^2 = $3.2175 / ( 1 + 9.00% )^2 = $2.7081
Present value of D3 = [ D3 / ( Required return - Growth rate ) ] / ( 1 + required return )^2 = [ $3.378375 / ( 9.00% - 5.00% ) ] / ( 1 + 9.00% )^2 = $71.0878
Now take the sum of the present value of all the dividends to calculate the value of stock
Value of Stock = Sum of Present value of all dividend = Present value of D1 + Present value of D2 + Present value of D3 = $2.6834 + $2.7081 + $71.0878
Value of Stock = $76.4793
Value of Stock = $76.48
Dyer Furniture is expected to pay a dividend of D1 = $1.25 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 1.95, the market risk premium is 5.50%, and the risk-free rate is 4.00%. What is Dyer's current stock price? Select the correct answer. a. $13.66 b. $12.32 c. $11.65 d. $12.99 e. $14.33
Answer:
$11.65
Explanation:
The first step is to calculate the return
= 4/100 + 1.95(5.50/100)
= 0.04 + 1.95(0.055)
= 0.04 + 0.10725
= 0.14725
The stock price can be calculated as follows
= 1.25/0.14725-0.04
= 1.25/0.10725
= $11.65
Hence the stock price is $11.65
Suppose stocks offer an expected rate of returns of 10% with a standard deviation of 20%, and gold offers an expected return of 5% with a standard deviation of 25%. (i) If the correlation between gold and stocks is sufficiently low, gold ______ be held as a component in the optimal portfolio. (ii) If the correlation coefficient between gold and stocks is 1.0, then gold ______ be held as a component in the optimal portfolio.
Answer: A) (i) will; (ii) will not
Explanation:
The optimal portfolio should be one where the assets are diversified such that returns can be made regardless of the direction the economy is going. For this to happen, asset classes need to have a low correlation with one another.
If the correlation between gold and stocks is low therefore, gold should and will be held as a component in the portfolio. If the correlation between gold and stocks is 1.0 - this means that they are perfectly correlated and move together - gold should not be in the optimal portfolio as it would be too risky.
A manufacturing company recorded orders of 10 million products. To maintain its output volume, the company combines efforts of capital and 100, 000 workers. Suppose a new minimum wage law is imposed by the governor, leading to a higher minimum wage in the labor market. As a manager of the company, what would you do in the following situations? Please provide clear and accurate explanations to support your answer • In the short-run, if you cannot purchase more machines (capital is fixed) and you need to maintain the company's output volume. Would you decrease the number of workers you hired? Why? • What would you do in the long-run if you want to maximize your profit and maintain the company's output volume, and why? Create an original reply below by Sunday, Oct 11th at 11:59 pm. Note: Each question worth 5pt. You need to provide correct answers with accurate explanations to earn full points. To help you answer this question, please draw an isoquant diagram for each question.
Answer:
Would not decrease the number of workers hired in the short-run.Purchase more machines in the long-run, reduce the number of workers.Explanation:
Remember, we are told that the company cannot purchase more machines (capital is fixed), hence retaining the 100,000 workers would be the best decision in order to maintain the company's output volume even though the labor cost would be higher.
However, in the long-run, in order to reduce labor cost, purchasing more machines is a good strategy to maximize your profit and maintain the company's output volume.
In summary,
Higher minimum wage = higher cost of cost = lower profitHigher minumum wage + reduced number of workers = maintain company's output volume + maximized profit.Your grandparents would like to share their fortune with you. They offer you money under one of the following scenarios: 1. $7,250 per year at the end of each of the next eight years. 2. $49,650 (lump sum) now 3. $98,650 (lump sum) eight years from now Calculate the present value of each scenario using an 8% discount rate. Which scenario yields the highest present value
Answer:
$98,650 (lump sum) eight years from now yields the highest present value.
Explanation:
This can be determined as follows:
1. Calculation of the present value of $7,250 per year at the end of each of the next eight years.
This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV = present value of $7,250 per year at the end of each of the next eight years = ?
P = Annual payment = $7,250
r = discount rate = 8% or 0.08
n = number of years = 8
Substitute the values into equation (1), we have:
PV =$7,250 * ((1 - (1 / (1 + 0.08))^8) / 0.08)
PV = $41,663.13
2. Calculation of the present value of $49,650 (lump sum) now
Since now is the present time, the present value of $49,650 (lump sum) now is still equal to $49,650.
3. Calculation of the present value of $98,650 (lump sum) eight years from now
This can be calculated using the present value formula as follows:
PV = FV / (1 + r)^n ................... (2)
Where:
PV = present value of $98,650 (lump sum) eight years from now = ?
FV = future value or (lump sum) eight years from now = $98,650
r = discount rate = 8% or 0.08
n = number of years = 8
Substitute the values into equation (2), we have:
PV = $98,650 / (1 + 0.08)^8
PV = $53,297.53
Comparison of the present values
1. Present value of $7,250 per year at the end of each of the next eight years = $41,663.13
2. Present value of $49,650 (lump sum) now = $49,650
3. Present value of $98,650 (lump sum) eight years from now = $53,297.53
As can be seen from the above, $98,650 (lump sum) eight years from now yields the highest present value.
You just deposited $4,000 in a bank account that pays a 4.0% nominal interest rate, compounded quarterly. If you also add another $5,000 to the account one year (4 quarters) from now and another $7,500 to the account two years (8 quarters) from now, how much will be in the account three years (12 quarters) from now?
Answer:
Total FV= $17,726.11
Explanation:
To calculate the total Future Value, we need to use the following formula one each deposit:
FV= PV*(1+i)^n
i= 0.04 / 4= 0.01
Deposit 1:
FV= 4,000*(1.01^12)
FV= $4,507.3
Deposit 2:
FV= 5,000*(1.01^8)
FV= 5,414.28
Deposit 3:
FV= 7,500*(1.01^4)
FV= 7,804.53
Total FV= $17,726.11
You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $44,000. You feel you can earn an APR of 10.3 percent compounded monthly and plan to save $560 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation
Answer:
It will take about 20 years
Explanation:
Sinking Fund involves saving an series of equal amount periodically invested at certain rate of interest to accumulate a target amount in the future. The target amount might be to finance a particular project - a vacation in this case.
Where an equal deposit is invested the sum accumulated (deposit plus interest earned) at the end of the final period is known as the Future Value (FV) of the sinking fund. The future value in this scenario = $44,000
The FV is determined as follows:
FV = Equal monthly deposit × Monthly Annuity factor
where FV- future value, A- equal cash deposit, r-rate of return, n- number of years.
A= 560, r = 10.3, n= ?
Monthly Annuity factor = 44,000/560 = 78.571
Monthly interest rate = 10.3/12=0.8583
Annuity monthly annuity factor =( (1+r)^n - 1 )/r
(1.008583^12n -1)/0.08583= 78.571
cross multiply
78.571×0.08583= 1.008583^12n -1
6.7437= 1.008583^12n -1
6.7437 + 1 = 1.008583^12n
7.7437= 1.008583^12n
find log of both sides
12n = log 7.7437/log 1.008583
12n = 239.50
n= 239.50/12 = 19.9 years.
Approximately 20 years
It will take about 20 years
a term used when the products are sold directly to their end consumers or user without third-party retailers wholesalers or other middle men
What is the labor force of Macroland for people between the ages of 18 and 65 in January?
Answer:
In the month of January in Macroland, the number of people in the 18 to 65 years old group that have jobs are 35,000 people, The number in that age group looking for jobs are 7,000 people.
Explanation:
1) Create a production possibilities frontier based on the following data. Attach a picture below the schedule.
2) Label efficient, unattainable and inefficient.
3) Find the opportunity cost of:
a) A to B
b) BtoB
c) Eto C
А
B
С
D
E
Strawberries
0
2
3
4
5
Bananas
10
8
5
3
0
Answer:
A. to B that's the answer
g Julio is the sole shareholder of a corporation he formed seven years ago by contributing $500,000 for all of the corporation's stock. This year, he sold all of the stock to a competetor for $100,000,000. Julio's marginal tax rate is 37%. Julio must recongize a gain of $ 99500000 . His tax liability will increase as a result of the gain by $ 0 .
Answer:
Julio
Therefore, Julio's tax liability will increase by $19,900,000
Explanation:
a) Data and Calculations:
Investment in corporation stock = $500,000
Period of investment = 7 years
Sales proceeds from investment = $100,000,000
Marginal tax rate = 37% (short-term and ordinary)
Julio's gain = $99,500,000
This is a long-term capital gain and will be taxed at 20% and not 37%
Therefore, Julio's tax liability will increase by $19,900,000 ($99,500,000 * 20%) as a result of the gain.
b) According to the IRS, long-term capital gain this year is taxed at reduced rates, usually 15% or 20%, depending on the taxpayer's income bracket. Since Julio's gain is a long-term capital gain, it will be taxed at 20% and not at his ordinary marginal tax rate of 37% for short-term capital gains.
Exercise 7-2 Accounting for credit card sales LO C1 Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $4,500 (that had cost $3,326) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $4,600 (that had cost $2,981) and accepted the customer's Continental Card. Continental charges a 2.5% fee. Prepare journal entries to record the above credit card transactions of Levine Company. (Round your answers to the nearest whole dollar amount.)
Answer:
See the journal entries below.
Explanation:
We first calculate the following:
Suntrust Credit Card expenses = $4,500 * 4% = $180
Continental Credit Card expenses = $4,600 * 2.5% = $115
The journal entries will therefore look as follows:
Levine Company
Journal Entries
Date General Journal Debit ($) Credit ($)
Apr. 8 Cash (Suntrust Credit Card) 4,320
Credit Card Expense 180
Sales Revenue 4,500
(To record sale of goods using Suntrust Credit Card at 4% fee.)
Cost of Goods Sold 3,326
Merchandise Inventory 3,326
(To record the cost of goods sold.)
Apr. 12 Cash (Continental Credit Card) 4,485
Credit Card Expense 115
Sales Revenue 4,600
(To record sale of goods using Continental credit card at 2.5% fee.)
Cost of Goods Sold 2,981
Merchandise Inventory 2,981
(To record the cost of goods sold.)
Anchor Company purchased a manufacturing machine with a list price of $93,000 and received a 2% cash discount on the purchase. The machine was delivered under terms Free On Board shipping point, and freight costs amounted to $3,800. Anchor paid $5,400 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $7,000 for the first year of operations. Based on this information, the amount of cost recorded in the asset account would be:
Answer:
$100,340
Explanation:
The amount of cost recorded in the asset account would be:
List price $93,000
Less: Discount ($93,000*2%) $1,860
Add: Freight $3,800
Add: Installation&Testing $5,400
Cost of the machine $100,340
Note: Insurance cost is not included in the cost of the machine
1. TV Market (Make sure to include a graph and an analysis (causation) as well as the assumptions you are making to support your answer for each question.) (40 points)
A. As the Super Bowl approaches and people want a bigger TV to watch the game, what happens to the price and quantity of TVs? (10 Points)
B. As consumers expect the new better HD TV to come out, what happens to price and quantity of the current TV model? (10 Points)
C. As the Price of Samsung increases, what happens to the price and quantity of Sony TVs? (10 Points)
D. As parts coming from North Korea cost more money, what happens to the price and quantity of TVs? (10 Points)
Answer:
Sorry ............ have no idea
Countryside Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller transaction processing ($2.60 per teller transaction), check processing ($0.20 per canceled check), and ATM transaction processing ($0.15 per ATM transaction). Rosa Bush had 5 teller transactions, 10 canceled checks, and 7 ATM transactions during the month. What is the total monthly activity-based cost for Rosa Bush during the month
Answer: $16.05
Explanation:
Teller transaction processing = $2.60 per teller transaction
Check processing = $0.20 per canceled check
ATM transaction processing = $0.15 per ATM transaction
The total monthly activity-based cost for Rosa Bush during the month will be calculated thus:
= (5 × $2.60) + (10 × $0.20) + (7 × $0.15)
= $13.00 + $2.00 + $1.05
= $16.05
The general manager of a popular restaurant noticed that the number of customers in the evening had been decreasing. She promptly ordered the chef to revise the evening menu. Later, customer feedback indicated that the problem was not the menu but poor service from the waitstaff. The manager's decision to have the menu revised suggests that she failed to
Answer: Identify and diagnose the problem.
Explanation:
When the manger noticed that the number of customers in the evening had been reducing, the thing that the manager should have done in that case was to identify the problem to know the reason why the number of customers coming has decreased. Identifying and diagnosing the problem will help the manager address the root cause of the problem.
Ordering the chef to revise the evening menu wasn't the right thing to do at that time as that wasn't going to address the cause of the decrease.
You wish to make a deposit and have these bills: 22 ones, 8 fives, 11 tens, and 3 twenties. You also have 8 nickels, 12 dimes, and 18 quarters. What will you enter on the CURRENCY LINE of the deposit slip?
Explanation:
So to start this out what I would do it turn all the money words into number by multiplying:
22x1=22
8x5=40
11x10=110
3x20=60
For the cents it can be a little bit harder but still that same thing:
8x0.05=0.4
12x0.1=1.2
18x0.25=4.5
Then finally you want to add them all together:
22+40+110+60+0.4+1.2+4.5=238.10
They will put 238.10 on the deposit slip
I hope this helps if you need anymore help just comment❤️
Easy-to-copy differentiating features: A. do not offer the promise of sustainable competitive advantage. B. are less expensive to integrate into a product or service offering. C. tend to create as much value for consumers as difficult-to-copy differentiating features. D. should be patented before other companies follow suit. E. lead to vigorous price competition.
Answer:
A. do not offer the promise of sustainable competitive advantage.
Explanation:
Easy-to-copy differentiating features refers to those features of an organization that typically differentiates them from their rivals in the same industry but are however, easy to be copied by another firm. Thus, it cannot produce a sustainable competitive advantage over the competitors of a business firm or company.
This ultimately implies that, easy-to-copy differentiating features do not offer the promise of sustainable competitive advantage because the end users (buyers) wouldn't find any difference between the company's product and the rival company that copied it.
Tru-Shine is a cleaning company in the United States that offers various cleaning products and services. After gaining popularity in the United States, th company decided to expand its business in other North American nations. The company entered into an agreement with some local cleaning companies in Canada where the local companies would sell its products and services under the same trade name. Tru-Shine also agreed to provide the training and necessary equipments and supplies to the local companies. In this example, the strategy used by Tru-Shine for entering foreign markets is an example of
a. direct investment
b. value engineering
c. franchising
d. sole sourcing
Answer:
C. Franchising
Explanation:
Franchising can be defined as a way of distributing goods and services that involves a franchisee starting a business by using someone else's 8deas and their expertise legally. To be a franchisee you have to buy this right by paying an initial fee
In this question tru shine is the franchisor because this other company wants to sell their products and services using tru shines name.
1. Spratt Company purchased Treasury bond futures contracts when the quoted price was 93-50. When this position was closed out, the quoted price was 94-75. Determine the profit or loss per contract, ignoring transaction costs.
Answer:
–$12,500
Explanation:
Calculation to determine Determine the profit or loss per contract
Using this formula
Profit or loss per contract=Purchase price-Selling price
Let plug in the formula
Profit or loss per contract= $935,000 – $947,500
Profit or loss per contract= –$12,500
Therefore the profit or loss per contract will be –$12,500
Tennis star Venus Williams has a contract with Nike Corporation to endorse its sports products. The contract includes a morals clause which states that if Venus commits any act that brings widespread contempt, scandal, or ridicule upon herself or Nike the contract can be voided at Nike's sole discretion. The Statement: This is not a valid contract because it has illusory consideration, and there is no mutuality of obligation because Nike can void the contract at its sole discretion.
a. True
b. False
Commerce Corporation has a high probability of operating at 40,000 activity hours during the upcoming period, and lower probabilities of operating at 30,000 hours and 50,000 hours. The company's flexible budget revealed the following: 30,000 Hours 40,000 Hours 50,000 Hours Variable costs $ 135,000 $ 180,000 $ 225,000 Fixed costs 720,000 720,000 720,000 If Commerce operated at 35,000 hours, its total budgeted cost would be: Multiple Choice $810,000. $997,500. $787,500. $945,000. $877,500.
Answer:
Total cost= $877,500
Explanation:
First, we need to calculate the unitary variable cost:
Unitary variable cost= 135,000 / 30,000= $4.5
Unitary variable cost= 180,000 / 40,000= $4.5
Unitary variable cost= 225,000 / 50,000= $4.5
Now, the total cost for 35,000 hours:
Total cost= Unitary variable cost*total number of hours + fixed costs
Total cost= 4.5*35,000 + 720,000
Total cost= $877,500
The idea that a person who has custody of money or products should never
be the person keeping records accounting for them is called
A. risk assessment
B. assignment of responsibilities
C. separation of duties and approvals
D. dual control
Answer:
it's C
Explanation:
I ACTUALLY TOOK THE TEST
The idea that a person who has custody of money or products should never be the person keeping records accounting for them is called separation of duties and approvals. Hence, option C is correct.
What is separation of duties and approvals?One important internal control is the separation of duties, which prevents employees from being able to commit fraud or errors while also covering them up while performing their regular duties.
Separation of duties refers to the process by which no one individual has complete control over the course of a transaction. A transaction shouldn't ideally be initiated, recorded, authorized, and reconciled by a single individual.
relates to the idea that no user should be granted sufficient power to independently abuse the system. For instance, it is inappropriate for the person authorizing a paycheck to also be the one who can prepare it.
Thus, option C is correct.
For more information about separation of duties and approvals, click here:
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Under the alimony rules:________
a. To determine whether a cash payment is alimony, one must consult the state laws that define alimony
b. A person who receives a property division has experienced an increase in wealth and thus should be subject to tax.
c. Alimony paid per a 2015 divorce agreement is included in the gross income of the recipient of the payments.
d. A person who earns $90,000 and pays $20,000 in alimony per a divorce agreement entered into in 2019, is allowed to deduct the $20,000.
e. None of these
Answer:
c. Alimony paid per a 2015 divorce agreement is included in the gross income of the recipient of the payments.
Explanation:
Alimony can be defined as a financial support or allowance that is mandated by the court (legal obligation) to be made by a divorced or legally separated person to his or her former spouse so as to maintain and support life.
Simply stated, alimony is a legal spousal support or allowance made by a divorced or legally separated person to his or her former spouse for maintenance.
Under the alimony rules, alimony paid per a 2015 divorce agreement is included in the gross income of the recipient of the payments according to the internal revenue service (IRS) of the United States of America.
On January 1, a company issues bonds dated January 1 with a par value of $730,000. The bonds mature in 3 years. The contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The bonds are sold for $718,000. The journal entry to record the first interest payment using straight-line amortization is:
a. Debit interest expense $38,500; credit discount on bonds payable $2,000; credit cash $36,500
b. debit interest payable $36,500; credit cash $36,500
c. debit interest expense $36,500; credit premium on bonds payable $2,000; credit cash $34,500
d. debit interest expense $36,500; credit cash $36,500
e. debit interest expense $34,500; debit discount on bonds payable $2,000; credit cash $36,50
Answer:
a. Debit interest expense $38,500; credit discount on bonds payable $2,000; credit cash $36,500
Explanation:
As the bonds are sold less than the face vaue then it is said the bonds are issued on discount, we need to calculate the discount on the bond
Discount on the bond = Face value of bond - Issuance value of bond = $730,000 - $718,000 = $12,000
The discount will be amortized over the life of the bond
The first interest and its amortization is as follow
Cash Payment = Face value x Coupon rate x Semiannual fraction = $730,000 x 10% x 6/12 = $36,500
Amortization of discount on bond = Discount on Bond / Total Numbers of periods = $12,000 / ( 3 years x 2 payment period per year ) = $2,000 per eperiod
The cash will be credited by $36,500
The bond liability will be credited by $2,000
Hence the interest exepense will be debited by $38,500 ( $36,500 + $2,000 )
Barans Company purchased merchandise on account from a supplier for $12,900, terms 1/10, n/30. Barans Company returned $2,500 of the merchandise and received full credit. a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment? $fill in the blank 1 b. What account is credited by Barans Company to record the return?
Answer: See explanation
Explanation:
a. If Barans Company pays the invoice within the discount period, what is the amount of cash required for the payment?
The amount of cash required for the payment will be:
Purchases: = $12,900
Less: Returns = $2500
Less: Discount = ($12900 - $2500) × 1% = ($10400 × 1%) = $104
Cash required for payment = $10296
b. What account is credited by Barans Company to record the return?
Based on the information above, the merchandise inventory will be credited.
Sunland Company can sell all the units it can produce of either Plain or Fancy but not both. Plain has a unit contribution margin of $82 and takes two machine hours to make and Fancy has a unit contribution margin of $99 and takes three machine hours to make. There are 2400 machine hours available to manufacture a product. What should Sunland do
Answer: Plain should be sold as it makes higher Contribution margin.
Explanation:
Contribution Margin of Plain:
= Total hours constraint / Number of hours required for Plain * Contribution margin per unit
= 2,400 / 2 * 82
= $98,400
Contribution Margin of Fancy:
= 2,400 / 3 * 99
= $79,200
Plain makes more profit than Fancy and so should be the one sold.
Identify some of the gains that labor unions have made in the United States. What gain do you think is the most important? Why? 15 points
Answer:
Unions have achieved many of their goals for improving working conditions in the United States. Workers in the United States today enjoy higher wages, safer work environments, and shorter work days than workers in previous years. Workers today also have paid vacations and fringe benefits. Also, because of labor unions, the collective bargaining process has helped define acceptable actions for labor and management. (Students should state which of the above listed achievements they consider to be the most important and why.)
Explanation:
hope this helps :)
Answer:
he is correct it is...
Explanation:
"Unions have achieved many of their goals for improving working conditions in the United States. Workers in the United States today enjoy higher wages, safer work environments, and shorter work days than workers in previous years. Workers today also have paid vacations and fringe benefits. Also, because of labor unions, the collective bargaining process has helped define acceptable actions for labor and management. (Students should state which of the above listed achievements they consider to be the most important and why.)"
Sheridan and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 11300 units of ending work in process at 80% completion and 31700 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period? 9040. 29440. 43000. 39625.
Answer:
29440
Explanation:
Calculation to determine the equivalent units for conversion costs for the current period
First step is to calculate the
Uniits completed = 31700 units - 11300 units
Units completed= 20,400 units
Second step is to calculate completed units
Completed units = 11300 × 80%
Completed units= 9040 units
Now let calculate the equivalent units of Conversion using this formula
Equivalent units of Conversion= Units completed + Completed units in ending inventory
Let plug in the t
Equivalent units of Conversion= 20,400 units + 9040 units
Equivalent units of Conversion= 29440 units
Therefore the equivalent units for conversion costs for the current period will be 29440 units
A soup kitchen falls under what type of organization?
National School Lunch Program
Nutrition Program for the Elderly
Expanded Food and Nutrition Education Program
Food Bank
food bank because they used a soup kitchen during the Great depression and it's for the homeless people too it has to be program