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const2013 [10]
2 years ago
6

Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departmen

t for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 900 Materials costs $ 9,600 Conversion costs $ 7,700 Percent complete with respect to materials 60 % Percent complete with respect to conversion 45 % Units started into production during the month 8,100 Units transferred to the next department during the month 6,900 Materials costs added during the month $ 115,800 Conversion costs added during the month $ 120,500 Ending work in process inventory: Units in ending work in process inventory 2,100 Percent complete with respect to materials 75 % Percent complete with respect to conversion 20 % The cost per equivalent unit for conversion costs for the first department for the month is closest to: Garrison 16e Rechecks 2017-08-28 Multiple Choice $14.24 $18.39 $17.51 $16.46
Business
1 answer:
babymother [125]2 years ago
3 0

Answer:

$17.51

The cost per equivalent unit for conversion costs for the first department for the month is closest to: C) $17.51

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In its first year of operations, gomes company recognized $28,000 in service revenue, $6,000 of which was on account and still o
emmainna [20.7K]

Answer:

The accrual basis provides more useful information for decision makers as it matches better revenue against expenses.

Explanation:

net earnings under the cash basis of accounting:

service revenue $22,000

less operating expenses $13,000

less insurance $3,600

Net earnings $5,400

net earnings under the accrual basis of accounting:

service revenue $28,000

less operating expenses $14,500

Net earnings $13,500

The accrual basis provides more useful information for decision makers as it matches better revenue against expenses.

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5 0
2 years ago
Avocado Incorporated just paid a dividend of $3. An analyst expects this dividend to grow at a rate of 12% for the next 3 years.
yuradex [85]

Answer:

The most you should pay for this stock is 126.89

Explanation:

The dividend in years 1 – 3 will grow at 12% and then at 5% forever.  

We had to get the PV for the dividends in years 1-3 (year 3 also includes the estimated future value of the stock).

We used our calculators to find the PV of each year at the 8% discount rate.  Finally we will add them all together to get the final answer.

We find the future dividends using g =12%

Dividend in year 0 --->

Dividend in year 1 ---> 3.36

Dividend in year 2 ---> 3.76

Dividend in year 3 ---> 4.21

Dividend in year 4 ---> 4.43

Now we will calculate the present value of the future dividends using r = 8%

Stock Value assuming constant growth rate  = 147.52 --(a)

PV in year 1 ---> 3.11

PV in year 2 ---> 3.23

PV in year 3 ---> 120.45  --(discounting (a))

= 120.45 + 3.23 + 3.11

= 126.89

4 0
1 year ago
Penelope, a sales representative for ADT Security Services, is meeting with Oliver and Gina Kim to discuss installing a security
romanna [79]

Answer:

Personal Selling

Explanation:

The marketing tool illustrated in the question is personal selling. Personal selling is a marketing strategy that involves a sales rep meeting with a potential client for business purpose.

It makes use of 7 approaches as listed: Prospecting ,pre-approach, approach,presentation , meeting and overcoming objection , closing the sale and follow up,

In the question , we can see that Penelope fulfilled some of the approaches in the course of her meeting with the Kims.

7 0
2 years ago
A drug company is considering marketing a new local anesthetic. The effective time of the anesthetic the drug company is current
Luda [366]

Answer:

6) H0: μ≥ 7.4 versus H1: μ< 7.4

7) - 1.28

8) - 1.50

5 0
1 year ago
Ivan is an operations manager of a chain of amusement parks. Before she determines a new location for a park, she must forecast
Lelechka [254]

Answer:

because Ivan's decisions will impact the substantial cost of the business.

Explanation:

An operations manager is responsible for managing organizational resources and applying them effectively to meet organizational goals and objectives. It is therefore necessary that Ivan as the operations manager of a network of amusement parks, before determining a new location for a park, he must anticipate the customer demand and determine the adequate capacity of the site for the construction of the park. that their decisions will directly impact the substantial cost of the business, that is, the planning must meet the needs specified by the customer so that the cost is compatible with the budget provided for by an effective planning for that business.

Organizational resources must be allocated efficiently and effectively so that there is compliance with the objectives and goals of a business and for it to be well positioned and successful in the market.

4 0
1 year ago
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