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pishuonlain [190]
1 year ago
4

Gambino Construction adds materials at the beginning of production and incurs conversion cost uniformly throughout manufacturing

. Consider the data that follow. Units Beginning work in process 20,000 Started in August 60,000 Production completed 55,000 Ending work in process, 40% complete 25,000 Conversion cost in the beginning work-in-process inventory totaled $120,000, and August conversion cost totaled $270,000. Assuming use of the weighted-average method, which of the following choices correctly depicts the number of equivalent units for conversion cost and the conversion cost per equivalent unit?
Equivalent Mana 55.000 65 000 65.000 Conversion Cost Per Equivalent 491 6.00 60.000
Business
1 answer:
My name is Ann [436]1 year ago
7 0

Answer:

Conversion EUP = 65,000 units

Conversion cost per EUP = $6.00

Explanation:

Conversion EUP = Units completed + EUP Work in Process

EUP Work in process = % completed * ending WIP

= 40% * 25,000

= 10,000

Conversion EUP = 55,000 + 10,000

= 65,000 units

Conversion cost = Beginning conversion cost + August conversion cost

= 120,000 + 270,000

= $390,000

Conversion cost per unit = 390,000 / 65,000

= $6.00

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You and two partners start a company. However, your partners play no role in running the company. You spend all your time managi
GalinKa [24]

Answer:

The correct answer is letter "D": Opportunity cost.

Explanation:

Opportunity cost is described as the return of the choice selected over the potential return that could have been obtained from the choice left  behind. It represents the return of the option chosen compared to the choice forgone. Opportunity costs is also defined as the return of the best next available option.

4 0
2 years ago
1.) What was the point of the opening story about the prevalence of bribery in Iraq?
NemiM [27]

1A) the point behind the opening story being about the prevalence of bribery in Iraq because it not only sets the plot of the audio, but if you read the details below it also goes with the question “Can today’s multinational corporations be a force for social good?” The opening of this helps the listeners to understand how different corporations work and really think about the questions in the details below.

2A) Governments are often less likely or able to confront issues like human trafficking and labor rights because they have not been able to solve cross border issues, if and when they try to work together than cannot come to a reasonable and or actionable agreements, so instead confronting issues such as human trafficking and labor rights they let them be. Corngold believes that only multinational corporations are able solve issues like that of human trafficking and labor rights. She believes this because they  have the resources, the global footprints, and the incent of profits to solve such challenges.

3A) A Corporate idealist are the employees of a particular business that pay remarkably close attention to the financial performance of their companies, and the ethical, environmental consequences as well. (they also pay close attention to the societal consequences to their companies)

4A) The root of the struggle here that could apply to other similar human rights-related ethical issues would be the fatalities dampens human rights such as freedom to life, and to good health. The speaker ultimately worked through the issue by telling the company the particular human rights they are violating, from here getting the number of fatalities from 8 to 0.

#5 is your understanding of business ethics, thin about the question and go from there

you are free to use my answers as examples. Hopes this helps you out


3 0
2 years ago
On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,2
Svetradugi [14.3K]

Answer:

$31,100

Explanation:

On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,250; Supplies, $650; Equipment, $12,000; Accounts Payable, $9,300.

Therefore the amount of stockholders’ equity as of May 31 of the current year can be derived by the formula : Capital = Assets - Liabilities

<u>Assets</u>

Cash $20,500;

Accounts Receivable, $7,250;

Supplies, $650;

Equipment, $12,000

TOTAL = 40,400

<u>Liabilities</u>

Accounts Payable, $9,300.

Therefore stockholders’ equity = 40,400 - 9,300 = $31,100

7 0
2 years ago
A carton of eggs broke onto the floor in the dairy section, making the floor slippery. Little Johnny slipped, fell, and hit his
Stella [2.4K]

Answer:

premises

Explanation:

The grocery store incurs premises liability for his injuries. This form of liability is a legal concept that has to do with personal injuries that have been caused by some form of unsafe or defective conditions on someone's property, usually due to negligence. This is exactly what happened in this scenario since it was negligent of the store to not have cleaned up the mess made by the broken eggs which ultimately caused Johnny to fall.

4 0
2 years ago
At the beginning of the current period, Kingbird Corp. had balances in Accounts Receivable of $191,500 and in Allowance for Doub
REY [17]

Answer:

total sales should be recorded as follows:

Dr Accounts receivables 733,600

    Cr Sales revenue  733,600

collections should be recorded as follows:

Dr Cash 767,780

    Cr Accounts receivable 767,780

to record the write off:

Dr Allowance for uncollectible accounts 7,149

    Cr Accounts receivable 7,149

the two entries needed to record the collection of previous write offs:

Dr Accounts receivables 2,957

    Cr Allowance for uncollectible accounts 2,957

Dr Cash 2,957

    Cr Accounts receivable 2,957

to record estimated bad debt expense for the year:

Dr Bad debt expense 19,742

    Cr Allowance for uncollectible accounts 19,742

7 0
2 years ago
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