A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 91300 units were started into production in January; and there were 20900 units that were 40% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the month of January?
Answers
Answer:
The equivalent units of production for conversion costs for the month of January is 78,760 units
Explanation:
The computation of the equivalent units of production for the conversion cost is shown below:
We know that,
Ending work in progress inventory = Units started - units completed
20,900 units = 91,300 units - units completed
So, units completed = 91,300 units -20,900 units = 70,400 units
It is given in the question that 40% ending work in progress inventory units is completed,
So completed units = 20,900 × 40% = 8,360 units
And,the equivalent units of production equals to
= Units completed + completed units in ending inventory
= 70,400 units + 8,360 units
= 78,760 units
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b. Negative, and dog biscuits are a normal good.
c. Positive, and dog biscuits are an inferior good.
d. Positive, and dog biscuits are a normal good.
Answers
Answer: d. Positive, and dog biscuits are a normal good.
Explanation:
Normal goods are goods that are positively related with income and negatively related with prices. While, inferior goods are those goods which are negatively related with income. When demand for dog biscuits rises as a result of a rise in income, it shows that dog biscuits are a normal good for Danita. Therefore, we can say for Danita, the income elasticity of demand for dog biscuits is positive, and dog biscuits are a normal good.
Final answer:
The income elasticity of demand for canine biscuits is positive in Danita's case, indicating that they are a normal good. This is because as Danita's income increased, so did her demand for dog biscuits.
Explanation:
The income elasticity of demand measures how the quantity demanded of a good changes in response to a change in income. As Danita's income increases by 7 percent and her demand for dog biscuits increases by 12 percent, the income elasticity of demand is positive. This is calculated by taking the percentage change in quantity demanded divided by the percentage change in income.
Based on the information given, for Danita, the income elasticity of demand for dog biscuits is positive, and dog biscuits would be classified as a normal good, since the demand for them increases as income increases. Inferior goods, by contrast, have a negative income elasticity of demand: as income increases, demand for them falls.
Learn more about Income Elasticity of Demand here:
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Answers
Answer:
The correct answer is C. Cemex, the largest cement producer in Mexico, generates about half of its income from outside Mexico.
Explanation:
CEMEX is an international company for the construction industry, which offers products and services to clients and communities in more than 50 countries around the world. The Mexican company holds the third place in world sales of cement and is the main producer of ready-mix concrete, with a production capacity of approximately 77 million tons per year, serving the markets of America, Europe, Asia, Africa and the Middle East. 50% of the company's sales come from its operations in Mexico, 25% of its plants in the United States, 15% from Spain, and the rest from its plants in other parts of the world.
Answers
Answer:
A lot of information is missing, so I looked for similar questions:
- 1,064 yd of fencing is available
since 1,064 is the perimeter and we have a rectangle, we can write the perimeter equation as: 2L + 2W = 1,064
area = L · W
2W = 1,064 - 2L
W = 532 - L
now we replace in the area equation:
area = (532 - L) · L = -W² + 532W (quadratic equation format)
the value of L as our X coordinate:
L = 532 / 2 = 266
W = 532 - 266 = 266
area = -(266)² + (532 x 266) = -70,756 + 141,512 = 70,756 sq yards
or
area = 266 · 266 = 70,756 sq yards
When you have a rectangle, the largest possible area is a square, where both sides have the same length.
Answers
Answer:
Present value of payments to the bank=938.51
Explanation:
The present value of the payment to the bank are an ordinary annuity i.e equal payments made at the end of each year for 16 years.
The Present value of an ordinary annuity is calculated as follows:
where PMT is the annual payment made at the end of each year=$100;
i is the interest rate or discount rate = 4%,
n=the number of years the periodic payment of 100 is to be made=12
Present value of payments to the bank = = 938.51
Answers
Answer:
Mechanization
Explanation:
When a ware house is being setup, the aim is to get an efficient one that can service demand in a timely manner.
In order to minimise cost and maximise efficiency there is need to space, labour, and mechanisation that will be used on the production process.
Various analysis like capacity analysis and equipment analysis are carried out to ensure fast and cheap operation of the warehouse.
Inefficient warehouse designs leads to delay in service delivery and extra cost to the business.
Answers
Answer:
15 percent
Explanation:
The maximum total interest in any company is 100%. Since 85% of the common stock of Star Company was acquired by Peta Company, Peta Company is automatically the parent company to Star Company no matter the amount of cash its paid for the acquisition while the remaining 15% will automatically be classified as non-controlling interest.
Therefore, noncontrolling interest can be calculated as follows:
Noncontrolling interest = Total interest - Peta company's interest
= 100% - 85% = 15%
Therefore, 15 percent is the portion of the retained earnings reported in the consolidated balance sheet prepared immediately after the business combination that is assigned to the noncontrolling interest. The amount paid for the percentage interest acquisition does matter when profit is been shared between the parent company and the non-controlling interest.
Note:
A parent company is a company that has more than 50 percent of outstanding shares and therefore it is in charge of all decision making of the company. The company it acquired its more than 50 percent outstanding shares now becomes its subsidiary.
Non-controlling interest refers to the ownership of less than 50 percent of outstanding shares in a company and therefore not in charge of all decision making of the company. It is also referred as the minority interest.