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Problem 1: Swift Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 20,000 units were started, and 10,000 units completed. Ending work in process is 75% complete. The cost per equivalent unit of conversion is __________.
a) $1.00 if total conversion cost is $10,000
b) $1.00 if total conversion cost is $17,500
c) $1.00 if total conversion cost is $15,000
d) none of these
e) $1.00 if total conversion cost is $8,750
Vonte Canyon, Arizona (a fictitious city) has a new budget of $89,895,000 to pay for police, fire, schools, and government, among other expenses. The total assessed valuation (based on 60% of market value) in the city is $7,899,023,000. Find the tax ..
The statement of cash flows and must be prepared on a daily basis and summarizes the operating, financing, and investing activities of an entity
You have a treasury bond that pays $100$100 one year from today and $1,100 two years from today. What should the price of your bond be?
The CAPM (capital asset pricing model) assumes that: a. all assets can be traded b. investors are risk-averse
If each scenario is equally likely, find the expected rate of return on the market portfolio and on each stock. Market Portfolio Stock A Stock D
computing ending inventory and cost of goods sold under fifo and lifo cost-flow assumptions.cost flow assumptions -
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On January 1, 2016 Nezcorp borrows money on a 1-year 12% (stated rate = market rate) $10,000,000 interest-only note payable. Payments are made monthly. bond pays semi-annual interest i. Prepare the journal entry on January 1, 2016.
Courtney owns a 70% interest in Razzle Partnership and an 85% interest in Dazzle Partnership. IN August, 2015, Dazzle sold land to Razzle for $2.3 million. The land had a basis to Dazzle of $2.5 million. In September 2015, Razzle sold the land to an ..
Alba foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required. Compute Alba's predetermined overhead allocation rate (formula needed) Prepare the journal entry to allocate manu..
A project has an initial cost of $49,725, expected net cash inflows of $11,000 per year for 9 years, and a cost of capital of 13%. What is the project's payback
Should Omega recognize an impairment of this asset? Why or why not? If yes, what is the amount of the impairment loss that should be recognized
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