Prepare a monthly and yearly budget for Bill and Maura Jones based on the following information. They plan

Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with

vfiekz [6]

Answer:

Total equivalent units 56,700

Explanation:

Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.

To compute as

Equivalent Units = Degree of completion (%) × units

We will assume the company uses weighted average method of accounting for work-in progress.

Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required is done in the period under consideration. So there is no separation of the completed units into opening inventory and fully worked.

Completed units = opening inventory + transferred in - closing inventory

= 2,600 + 62,500 - 21,000 = 44,100

Items Units Equivalent unit

Completed units 44,100 44,100× 100% = 44,100

Closing inventory 21,000 21,000 ×60% = 12,600

Total equivalent units  56,700 

7 0

2 years ago

As the Board of Governors of the American Red Cross considers planning, one option is to make strategic plans and then direct ma

frutty [35]

Answer:

The answers are:

When managers come up with their own plans, they are likely to be more committed to following through on them.
The environment is a dynamic one, and department and front line managers can come up with more responsive plans than can central leadership.

Explanation:

Personally I consider a very good idea if the Board of Governors decides to hire planning specialists to help regional or local managers develop their own plans. There are several advantages with this approach:

Regional managers know their "markets" and how to act and deal with them. I guess most of the Board of Governors is made up of wealthy or very important members, and many times their reality is very different than that of normal regular people.

Also, if regional managers can come up with their own plans, they will be extremely motivated to follow them through. They know that if something goes wrong, all the fingers will blame them.

5 0

2 years ago

Roberta is a real estate licensee representing the buyer. The buyer asks to see homes in a specific neighborhood. Roberta refuse

DerKrebs [107]

Answer:

Yes.

Explanation:

The fair housing law act is a law prohibits discrimination in the process of renting , buying or selling a house. This discrimination may be based on race , skin , color , sex , nationality ,or any other characteristic towards a protected group,

Declining the buyer the opportunity to inspects home in a particular neighborhood because nobody form his country lives in that area is an act that violates fair housing laws as the process seems to be biased towards a group of people from a particular country.

4 0

2 years ago

Jill bought a house 3 years ago and paid $175,000 for it and spent $7,000 in closing costs. Since, then she has made several imp

Anna71 [15]

Answer:

$88,000

Explanation:

Jill's original house value = $175,000 house cost + $7,000 closing costs + $75,000 improvements = $257,000

Jill's revenue from house sale = $375,000 selling price - $30,000 sale cost

= $345,000

Jill's capital gain = $345,000 sales revenue - $257,000 house original value

= $88,000

5 0

3 years ago

You just opened a brokerage account, depositing $3,500. You expect the account to earn an interest rate of 9.652%. You also plan

Afina-wow [57]

Answer:

$108,583.98

Explanation:

Given:

Initial deposit = $3,500

Rate = 9.652%

You also plan on depositing $4,500 at the end of years 5 through 10.

Required:

What will be the value of the account at the end of 20 years, assuming you earn your expected rate of return?

First calculate the future value of first installment, $3500 at end of year 20, since the amount was not deposited at once:

$3500 * PVIF(0.9652, 20) = 22,100.35$

Calculate the future value of annual deposits at end of year 10:

Given, N = 6 years )i.e from 5 to 10 years)

I/Y = 9.652%

PV = 0

PMT = $4,500

FV(9.652%, 6, 4500, 0)

FV = $34,416.63

Calculate the future value of annual deposits at end of year 20:

Given, N = 10 Years (from end of year 10, to year 20)

PV = 34,416.43

I/Y = 9.652%

FV = 34,416.43 * PVIF(0.9652, 10)

FV = $86,483.63

The total future value at end of year 20:

Future value of initial deposit + Future Value of annual deposits

= $22,100.35 + $86,483.63

= $108,583.98

The value of the account at the end of 20 years = $108,583.98

5 0

2 years ago