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At the start of July classic car wax company had beginning Work in Process of 2,500 units that were 90% completed with respect to matherial and 45% completed with respect to conversion costs. The cost of the units was $7,000($5,000 material and 2,000 of conversion costs.) During the month the company started production of 40,000 units and incurred $224,500 of material cost and $91,750 of labor and overheade. Costs per equivalent unit were $6.00 for material and $2.50 for labor and overhead (conversion cost.) The cost of items completed was $314,500 ($222,000 for materials and $92,500 for labor and overhead. Units in ending work in process are 25% complete with respect to material and 10% complete with respect to conversion costs.
a. Prepare a reconciliation of units
b. What is the cost of ending Work in Process?
Based on the following information, calculate the coefficient of variation and select the best investment based on the risk/reward relationship.
Using the Balance Sheet and Income Statement compute the following ratios:
Beginning net net fixed assets of $218,470 and ending net fixed assets of 209,411. During the year, assets with a combined book value of $6,943 were sold. Depriciation for the year was $42,822. What is the amount of the net capital spending?
Explain the relevance of Responsible Stewardship and Integrity in the context of financial management.
will provide her with $3,000 monthly income for 30 years. To date, she has saved nothing, but she still has 20 years until she retires. How much money does she need to contribute per month to reach her goal.
What are the key activity areas for securities firms? How does each activity area assist in the generation of profits and what are the major risks for eeach area?
quantity variable, quanitity fixes, unit cost, variable cost, averge fixed cost, average total cost in addition to patient days and expected days. I have another table with actual quanity used, unit cost, total cost, and patient days.
The purpose of the annotated bibliography is to assist you in developing research analysis skills including critical thinking, writing, and literature research skills.
What was the total asset turnover? (Round your answer to 2 decimal places (e.g., 32.16).)
Q1. The price of a stock is currently $30. The price of a twoyear European call option on the stock with a strikeprice of $40 is $15 and the price of a twoyear European put option on the stock with a strike price of $20 is $12.
Computation the amount of each coupon payment and A bond has a par value of $1000 and a current yield of 6.452 percent
A Treasury bond that matures in 10 years has a yield of 6 percent. A 10 year corporate bond has a yield of 8 percent. Assume that the liquidity premium on the corporate bond is 0.5 percent. What is the default risk premium on the corporation bond?
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