Equivalent units for the molding department totaled 18,600 during January for conversion costs. Fifteen thousand units were transferred out to the finishing department. If the items remaining in ending inventory are 40% complete as to conversion costs and 80% complete as to materials, how many physical units are in ending inventory?
Answers
Answer:
9,000 units
Explanation:
The 15,000 units transferred to the finishing department were 100% complete with respect to material and conversion cost. The balance 18,600 - 15,000 = 3,600 equivalent units are there at the ending inventory with respect to conversion cost. The ending inventory is 40% complete with respect to conversion cost. These equivalent units have been calculated as below:
=> Physical units in ending inventory * Degree of completion with respect to conversion cost = Equivalent units
Physical units * 40% = 3,600
Physical units = 3,600 / 40%
Physical units = 9,000 units
So, the Physical units in ending inventory is 9,000 units
Related Questions
List which parts of the website a user doesn't like
Answers
Answer:
what website?
How does Apple Forecast the Demand for IPhone
Answers
Answer:
Apple's management style emphasized placing individuals in highly specific positions rather than being elevated based on tenure or experience alone. See how this management style, high levels of secrecy, and unrivaled attention to detail and customer experience elevated the brand.
Explanation:
Apple Company on its manufacturing processes of an iPhone, always it has to predict on demand, so that will only produce the required quantity
A manufacturing company is considering two alternative locations for a new facility. The fixed and
variable costs for the two locations are found in the table below. For which volume of business wo
the two locations be equally attractive? If the company plans on producing 50,000 units, which loc
would be more attractive? {7}
Fixed Costs
Variable Costs ($ per unit)
Glen Rose
$1,000,000
25
Mesquite
$1,500,000
23
Answers
Answer:1,000,025
Explanation:if you add all it up you get 1,000,025
In both market and mix market economies, producers want to
Answers
In both market and mix market economies, producers want to public goods. As they were, maintained the private ownership.
What are economies?An economy considers all activities linked to the industry, consumption, and trade of commodities and services in a given entity, whether it be a nation or a small town. No two economic system was the same. Each is unique in terms of assets.
As, the term mixed economy where refers to the private control of most of the means of production, with the government interfering through regulations. Mixed economic system socialize select commercial enterprise.
Therefore, As a result, the public goods are there in the market and mix market economies.
Learn more about economies here:
https://brainly.com/question/2421251
#SPJ9
Evaluate the differences between fayol’s and Mintzeberg’s view about what managers do
Answers
Fayol's and Mintzberg's views about what managers do differ in terms of their emphasis on managerial functions and roles. Fayol focused on functions, while Mintzberg emphasized roles.
What are the differences between their views?Fayol identified five primary functions of management which are planning, organizing, commanding, coordinating, and controlling because he believed that managers perform these functions regardless of their level in the organization or their specific industry.
Mintzberg emphasized roles that managers play which include interpersonal, informational and decisional roles because he believed that managers engage in a range of activities such as networking, information gathering and problem-solving depending on the situation and their level in the organization.
Read more about management theory
brainly.com/question/15557968
#SPJ1
A company's_______ tells you how much money the company has left over after subtracting all expenses. *
a) Net Profit
b) Gross Profit
c) Revenue
d) Cost Of Goods Sold (COGS)
Answers
Answer:
net profit
Explanation:
net profit is the money left after all cost are deducted
Answer:
D: COGS
Explanation:
A company's COGS tells you how much money the company has left over after subtracting all expenses
2. Which is NOT an activity that requires training?
A ) Using ladders
B ) Using power tools
C ) Walking up and down stairs
D ) Working on catwalks and grids
Answers
A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are _____. securitizing securitizing collateralizing a loan collateralizing a loan creating a derivative creating a derivative offsetting negative risk
Answers
A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are a derivative offsetting negative risk. The correct option is D.
What are over-the-counter financial instruments?OTC securities are those that are not listed on a national securities exchange. The majority of these securities are traded on Alternative Trading Systems (ATSs), which are quotation mediums that may include electronic interdealer quotation systems that show quotes from broker-dealers for many OTC securities.
In over-the-counter markets, trading is done electronically rather than in a physical location. An auction market system is very dissimilar from this. Dealers serve as market makers in OTC markets by quoting prices at which they will buy and sell securities, currencies, or other financial products.
Thus, the ideal selection is option D.
Learn more about over-the-counter here:
https://brainly.com/question/25320089
#SPJ1
cr Entries during the pecember 2018: tra der 31 during the half-year Payments to Accounts Cheques from credit customers purchases on credit Sales on credit ended payable = 93685 119930 95580 12H 600
Answers
During December 2018, the company made payments to accounts, received cheques from credit customers, made sales on credit, and had an ending accounts payable balance of $12,600.
In December 2018, the company recorded various transactions related to accounts receivable and accounts payable. The half-year payments to accounts amounted to $93,685, indicating that the company settled outstanding balances with its creditors during this period.
Additionally, the company received $119,930 in cheques from credit customers, representing payments made by customers for their purchases on credit.
Furthermore, the company made credit sales amounting to $95,580 during this period. These sales were made to customers who would pay at a later date, resulting in an increase in accounts receivable. At the end of the month, the accounts payable balance stood at $12,600, representing the outstanding payments owed by the company to its suppliers and creditors.
In summary, during December 2018, the company made payments to accounts, received cheques from credit customers, made sales on credit, and had an ending accounts payable balance of $12,600. These transactions reflect the financial activities related to accounts receivable and accounts payable during that period.
For more such questions on company
https://brainly.com/question/27968241
#SPJ8
Schwab’s customers can assemble their own investment portfolios with its mutual fund evaluator tool, an example of
Answers
Answer:
A choiceboard.
Explanation:
This is generally described to be a graphical view or a teaching pattern where a tutor allows the said students to use these graphical knowledge to learn and understand a concept been impacted to them at their own pace. This choiceboard is been set up for so many reasons which may include; the encouraging of communication by giving the children means to request a particular object, also giving children certain visual prompt to say the correct words, it is also seen to streamline the selection of choice down there which could be a selection of choices.
How is each of the following likely to be affected by a recession:
a. the natural unemployment rate.
b. the cyclical unemployment rate.
c. the inflation rate.
d. the poll ratings of the president
Answers
Each of the following likely to be affected by a recession is the cyclical unemployment rate. The correct option is b.
What is a recession?The term "recession" is used in economics to describe the economic downturn brought on by a reduction in supply or demand. The production, employment, and income of domestic economies generally diminish, which in turn results in additional drops in demand and investment, lengthening the recessive process.
Because of this, when demand or production falls, the recession tends to last longer, deepen, and speed up, signaling that the affected nation's domestic economy will be in decline.
A recession is a time in the economy when growth is generally slow, yet inflation is also high. It is crucial that market forces operate independently, without interference from the government, in order to prevent a recession.
Therefore, the correct option is b. the cyclical unemployment rate.
To learn more about the recession, refer to the link:
https://brainly.com/question/17001440
#SPJ5
Regardless of the career you want to pursue, you can still get the _____ necessary to achieve success.
test
aptitude
money
help
Answers
Irene wants to make a copy of a housing design from a magazine. Which tool does she require? A.
drafting dots
B.
tracing paper
C.
smooth paper
D.
newsprint
Answers
Answer:
B
Explanation:
Had the same question and it was the correct answer
Answer:
B. tracing
Explanation:
for plato
How will you measure the success of a business meeting? Be specific. Give examples.
Answers
Measuring the success of a business meeting is important to ensure that goals are being met and progress is being made. There are several ways to do this, such as:
Establishing clear, measurable objectives prior to the meeting and then assessing whether these goals were reached.Collecting feedback from attendees to determine if tasks were completed, expectations were met, and any potential obstacles were identified.Tracking changes in attitudes and behaviors among participants, such as increased cooperation or improved communication.Evaluating the effectiveness of the meeting in terms of the time it took and how well it was organized.Monitoring the performance of the meeting facilitator, such as their ability to keep the discussion focused and on-topic.Measuring the impact of the meeting in terms of the number of new ideas generated, decisions made, and tasks accomplished.Which of the following careers does NOT work with patients or the public?
A.
Social worker
B.
Laboratory technician
C.
Hair stylist
D.
Substance abuse counselor
Answers
Answer:
B. Laboratory technician
Explanation:
Laboratory technicians don't work with patients or the public.
Answer:
B.Laboratory technician
Explanation:
"A lab technician analyzes samples such as body fluids and chemicals. They assist scientists and medical personnel with tasks such as keeping records and conducting tests." They do not have patients, or work with the public, they work for them, to make scientific analises. Hope this help!!
3. Why is investing in government bonds better for those who do not wish to take risks?
Answers
Investing in long-term U.S. government bonds carries almost zero danger of principal loss. The United States government may "print" money as needed to pay down current debt obligations since it has a stellar credit rating and payback record.
What is a government bond?A national government will issue bonds, often known as sovereign bonds or government bonds, to finance its spending. It often comprises a promise to repay the face amount on the maturity date and to pay periodic interest, known as coupon payments.
Considering that the government backs them, government bonds are regarded as low-risk investments. The numerous bond kinds that the U.S. Treasury offers are regarded as some of the safest in the entire world. Government bonds often offer low interest rates due to their minimal risk.
To learn more about government bonds
https://brainly.com/question/13127417
#SPJ1
Hayek believed that the economy could be hard to measure because
individuals have the power to make decisions and are unpredictable.
individuals have the power to make decisions and are predictable.
government has the power to make decisions and is unpredictable.
government has the power to make decisions and is predictable.
Answers
Answer:
a
Explanation:
Hayek believed that the economy could be hard to measure because individuals have the power to make decisions and are unpredictable. This is also known as the economic calculation problem. Thus, the correct answer is option A.
What did Hayek believe?In response, Hayek claimed that it was impossible for central planners to determine prices and quantities that would accomplish the market outcome since the required information about preferences and output could not be known in advance and could only emerge via market interaction.
Mises and Hayek contended that economic calculation is only possible with knowledge provided by market pricing, and that bureaucratic or technocratic methods of resource allocation lack mechanisms for rational resource allocation.
Therefore, individuals have the power to make decisions and are unpredictable.
To learn more on Hayek, here:
https://brainly.com/question/4356318
#SPJ5
I need help!!! offering brain list
Answers
The written agreement that can legally establish Danna's new roles and responsibilities would be a contract (option D).
What is a contract?A contract is a term that refers to a legal document that establishes the terms and conditions of an employment relationship between a company and an employee. A contract mentions the roles and responsibilities that the employee will have, their rights, their salary, their hours, among other relevant information. For a contract to be valid, both parties must sign it to accept what is established there.
What written agreement establishes Danna's new roles and responsibilities?The ideal document to establish Danna's new roles and responsibilities would be a contract. Generally, when companies promote their employees to a new position, they must make a new contract because many terms and conditions of their work change. In this case, Danna is going to have more responsibilities and roles within the company, so the most appropriate thing would be to make her a new contract specifying all the information about her new position. According to the above, the correct answer is D. Contract.
Learn more about employment contract in: https://brainly.com/question/14272354
#SPJ1
If the present value of my investment is S9,000 and the rate of interest is 3⅓% compounded annually, what will the value be after 4 years?
Answers
The value after 4 years will be $10327.71 with the present value of $9000.
What is compound interest?Compound interest, often known as interest on interest, is the practice of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested rather being paid out, resulting in interest being generated on both the principal amount and any accumulated interest over the next period.
What is the investment?An asset that is developed with the purpose of enabling money to accumulate is essentially what an investment is. The wealth generated can be used for a variety of objectives, including bridging income gaps, saving for retirement, or carrying out certain particular commitments like loan repayment, tuition payment, or the acquisition of other assets.
To know more about Investment visit:
https://brainly.com/question/15353704
#SPJ1
Question Content Area
Journalize the entries to record the following selected transactions:
a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the goods sold was $510.
b. Paid $436 to the state sales tax department for taxes collected.
If an amount box does not require an entry, leave it blank.
a.
- Select -
- Select -
blank
- Select -
- Select -
- Select -
- Select -
b.
Answers
When the final sale in the supply chain is made, the retailer is responsible for collecting sales tax. The required journalized entries for the selected transactions involving sales tax are attached below.
The state levies a consumption tax, the so-called sales tax, on the purchase of goods and services. A standard sales tax is collected at the point of sale, collected at the store and remitted to the government.
Depending on the regulations in that country, a business may be responsible for sales taxes in that jurisdiction if it has a presence there, which can be a physical site, an employee, or an associate. The calculation of sales tax for (a) is:
Sales Tax Payable = Amount of sales× Sales Tax
= $900 × 7%
= $63
Therefore, all the selected transactions are explained with the help of the journal entries.
To learn more on sales tax, here:
https://brainly.com/question/29442509
#SPJ3
Your question is incomplete, but most probably the full question was,
Question Content Area
Journalize the entries to record the following selected transactions:
a. Sold $900 of merchandise on account, subject to 7% sales tax. The cost of the goods sold was $510.
b. Paid $436 to the state sales tax department for taxes collected.
If an amount box does not require an entry, leave it blank.
a.
- Select -
- Select -
blank
- Select -
- Select -
- Select -
- Select -
b.
- Select -
- Select -
blank
The convenience store Swam Mart, has a beginning inventory of 12 cans of cat food at a cost of $0.85 each. During the year, the store purchased four cans at $.095, six cans at $ 1.05, seven cans at $1.35 and eight cans at $1.50. By the end of the year, 18 cans were sold. Calculate the number of cans in ending inventory, The cost of ending inventory under LIPO, FIFO weighted average
Answers
Answer:
add everything together then divide it by 2
Simon has net investment income of $38,000 and MAGI of $223,000 and files as a single taxpayer. Simon's additional Medicare tax is:______________
Answers
Answer:
$874
Explanation:
Calculation for Simon's additional Medicare tax
Based on the information given we were told Simon has a MAGI of the amount of $223,000 in which part of it is for wages income of the amount of $185,000 ($223,000 -$38,000)
while the amount of $38,000 is the net investment income which means that Samson MAGI is below the threshold limit of the amount of $200,000, therefore tax rate of 3.8% tax will be applied.
Now let calculate the additional Medicare tax
Additional Medicare tax = ($38,000-$15,000)*3.8%
Additional Medicare tax =$23,000*3.8%
Additional Medicare tax = $874
Therefore Simon's additional Medicare tax is:874
FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
Answers
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
Learn more about financial institution, from:
brainly.com/question/29641948
#SPJ9
what is revision?
a. the step in the writing process where you look
Answers
Answer:
Revision is a process in writing of rearranging, adding, or removing paragraphs, sentences, or words. Writers may revise their writing after a draft is complete or during the composing process
Explanation:
Answer:
A.) The step in the process where you look at your work critically, asking yourself questions such as, "Will my goal be clear to the readers?"
Explanation:
I just answered this
The CEO is interested in learning more about probability and how it works. The CEO is also asking about how probability and analytics can be integrated into the business model. In the process of looking for information on probability, you find that it is important to understand optimization and forecasting and how they can be applied to benefit the business. Do some research and present the results for the CEO. The following is the necessary information to complete this lab assignment. Deliverables Step 2: Probability Research • Considering the CEO's request, you determine that some research needs to take place. • Define the following terms for the CEO and locate some chart examples of each type of analysis. o Probability o Optimization o Forecasting Step 3: Integrating Data Research for Business • In one to two paragraphs, discuss what role probability and statistics play in business decisions. • In one to two paragraphs, discuss any ethical considerations when doing probability. • Summarize by explaining why probability is a good method for the CEO to consider.
Answers
Step 2: Probability Research Probability, Optimization, Forecasting.
Step 3: Integrating Data Research for Business.
Probability:
Probability is a branch of mathematics that deals with the likelihood of events occurring. It is a measure of uncertainty and is expressed as a number between 0 and 1, where 0 represents impossibility and 1 represents certainty.
Optimization:
Optimization involves finding the best possible solution from a set of alternatives. It aims to maximize desired outcomes or minimize undesirable ones, considering constraints and objectives.
Forecasting:
Forecasting is the process of predicting future events or outcomes based on historical data and statistical models. It helps businesses anticipate demand patterns, market trends, and other factors that can influence decision-making.
Step 3: Integrating Data Research for Business
Probability and statistics play a crucial role in business decisions. They provide a framework for analyzing and interpreting data, assessing risks, making predictions, and supporting evidence-based decision-making.
When working with probability, ethical considerations are important. It is essential to ensure that data used in probability analysis is collected ethically, respects privacy and confidentiality, and adheres to relevant legal and regulatory requirements.
Probability is a valuable method for the CEO to consider because it provides a systematic and quantitative approach to analyzing uncertainty and making informed decisions.
By integrating probability into the business model, the CEO can better understand risks, optimize resource allocation, improve forecasting accuracy, and ultimately enhance strategic decision-making and business performance.
For more such questiosn on Optimization visit:
https://brainly.com/question/28166893
#SPJ8
Remember, an agency relationship can degenerate into an agency conflict when an agent acts in a manner that is not in the best interest of his or her principal. In large corporations, these conflicts most frequently involve the enrichment of the firm's executives or managers (in the form of money and perquisites or power and prestige) at the expense of the company's shareholders. This usurping and reallocation of shareholder wealth is most likely to occur when shareholders do not have sufficient information about the decisions and actionsbeing made by the firm's management Consider the following scenario and determine whether an agency conflict exists: Jacob owns Jacob's Tantalizing Tees, a T-shirt shop in a small college town in Virginia. With a staff of three part-time employees, Jacob operates the business in accordance with his personal goals, dreams, and capabilities. Does Jacob have an agency conflict to deal with? a. Yes; as both the owner and operator of Jacob's Tantalizing Tees, Jacob has created the necessary agency relationship through which an agency conflict can exist. b. No; by having part-time, as opposed to full-time, employees, Jacob is prevented from experiencing an agency conflict. c. Yes; there is always an inherent conflict of interest between owners and operators (managers). d. No; as both the owner and operator of Jacob's Tantalizing Tees, Jacob has not created the necessary agency relationship through which an agency conflict can exist.
Answers
Answer:
Statement C.
Explanation:
In every business shareholders invests their money and hire some great potential managers so that the business runs smooth even without their presence.
The shareholder is the owner, and that the manager is the employee who works on the direction of shareholders. Accordingly there is an inbuilt relationship of an agent and principal.
Agent = managers
Principal = Shareholders
And there is an inherent risk as the managers might not agree to certain terms of shareholders and vice-e-versa. But even both of them cannot work without each other.
You work for an accounting firm. Just last week the state legislature passed reforms to the state tax code. The revised tax code was published with an accompanying online report. You have been asked by your supervisor to compress the main points from the online report. What type of short informational report have you been asked to write? A summary A periodic report An investigative report
Answers
Answer:
A summary
Explanation:
you need to compress the main points which makes the answer a summary.
identify each CSTO from its description
Answers
PAS
National FFA
NYFEA
I hope it helps
Companies should look at the specific target markets of competitors to benefit from market research efforts already done and to learn about consumers in the target market. True or False
Answers
It is a true statement that companies should look at the specific target markets of competitors to benefit from market research efforts already done and to learn about consumers in the target market.
Should companies look at competitors' target markets for research?Companies will benefit from studying the target markets of their competitors as part of their market research efforts because it helps to gain insights into the needs, preferences, and behavior of consumers in those markets.
So, this can inform their own marketing strategies and product development. Also, its helps to analyse the strengths and weaknesses of competitors' marketing approaches which help companies identify opportunities for differentiation and competitive advantage.
Read more about target markets
brainly.com/question/20812603
#SPJ1
ChatGPT has appeared and caused some changes in the way management works. What do you think about ChatGPT? Will it help or hinder organizational performance? List out some possible advantages and disadvantages you might think of. Don’t forget to provide examples to clarify your points.
Answers
Explanation:
Advantages of ChatGPT for Organizational Performance:
1. Enhanced Efficiency: ChatGPT can help streamline communication and decision-making processes within organizations. It can quickly generate responses, answer questions, and provide information, saving time for employees.
Example: Instead of waiting for a human response, employees can instantly get assistance from ChatGPT regarding common queries, freeing up their time to focus on more critical tasks.
2. 24/7 Availability: ChatGPT can be accessed at any time, enabling round-the-clock support for employees or customers. It eliminates the need to wait for human assistance during off-hours or in different time zones.
Example: A multinational company with teams in different countries can benefit from ChatGPT's constant availability for resolving urgent queries or providing guidance.
3. Knowledge Repository: ChatGPT can serve as a central repository of organizational knowledge and information. It can store and retrieve vast amounts of data, ensuring easy access to information across the organization.
Example: Employees can quickly search and retrieve relevant documents, procedures, or guidelines from the ChatGPT system, reducing time wasted searching for information.
Disadvantages of ChatGPT for Organizational Performance:
1. Lack of Contextual Understanding: ChatGPT may sometimes struggle to understand the context of a conversation or interpret ambiguous queries accurately. It can lead to incorrect or misleading responses, potentially impacting decision-making or actions.
Example: If a user asks a question with ambiguous terms, ChatGPT may provide an inaccurate answer due to the lack of contextual understanding, leading to potential confusion or mistakes.
2. Bias and Inaccurate Information: ChatGPT learns from the data it is trained on, which can include biased or inaccurate information. If not properly curated or moderated, it may inadvertently perpetuate biases or provide incorrect information.
Example: If ChatGPT is not regularly updated with accurate information or if it is biased towards certain viewpoints, it may generate misleading or inaccurate responses, which could adversely affect decision-making.
3. Reduced Human Interaction: Over-reliance on ChatGPT may decrease human interaction within organizations, leading to decreased collaboration, creativity, and relationship-building among employees.
Example: If employees primarily rely on ChatGPT for communication, they may miss out on the benefits of direct human interaction, such as building rapport, exchanging ideas, or understanding non-verbal cues.
In conclusion, ChatGPT has the potential to provide several advantages, including increased efficiency, availability, and easy access to knowledge. However, it also presents challenges related to contextual understanding, bias, and reduced human interaction. To leverage the benefits of ChatGPT while mitigating the disadvantages, organizations should implement proper training, oversight, and validation processes to ensure accurate and unbiased responses while encouraging a balanced approach to human-AI interaction.