1. The cost assigned to units completed and transferred out based on equivalent units for Indigo Company is $720,000.
2. The cost assigned to the units in ending work in process inventory based on equivalent units for Indigo Company is $51,120.
What are equivalent units?Equivalent units show the weighted average value of work done on uncompleted processes or jobs.
Equivalent units are computed by multiplying the degree or percentage of completion by the physical units.
Data and Calculations:Materials Conversion Costs
Unit costs $5 $7
Units transferred out 60,000 60,000
Degree of completion 100% 100%
Cost of units transferred out $300,000 ($5x60,000) $420,000 ($7x60,000) = $720,000
Ending inventory 7,200 (100%) 2,160 (30%)
Cost of ending inventory $36,000 ($5x7,200) $15,120 ($7x2,160) = $51,120
Thus, the cost of units transferred out is $720,000 and the cost of ending inventory is $51,120.
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3. A project manager is trying to complete a software development project, but cannot get enough attention for the project. Resources are focused on completing process-related work, and the project manager has little authority to assign resources. What form of organization must the project manager be working in
The form of organization must the project manager be working in Functional.
What is the meaning of organization?Organization refers to the group of the people working together in order to achieve organizational goal. The aim of every organization is maximization of the profits.
In the above case, the project manager is trying to complete a software development project but is unable to get the attention on the project. all the resources are under completion of the different works.
This implies that form of organization must the project manager be working in Functional because he has little powers to make the use of the resources.
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An employee is demonstrating behaviors on the job that may endanger other employees. His manager wants to refer him to the company's employee assistance program. Which situation would call for such a referral
A situation that would cause the manager to refer the employee in that manner is if the manager believes the employee's problems are related to alcohol abuse.
What happens when an employee is under the influence?These days, company HR departments have subdepartments to help employees through various issues they find themselves in.
For instance, an employee that has abused alcohol and is behaving irrationally can be referred to an employee assistance program to help them.
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Select all the correct answer.
What type of factor of production is a bulldozer?
Oland
O labor
O capital
O entrepreneur
Answer:
capital
Explanation:
bulldozer is bought with capital.
Ivanhoe Inc. issues an $720,000, 20%, 10-year mortgage note on December 31, 2022, to obtain financing for a new building. The terms provide for annual installment payments of $150,000.Prepare the entry to record the mortgage loan on December 31, 2022, and the first installment payment on December 31, 2023.
The entries in the books of Ivanhoe Inc. to record the mortgage loan on December 31, 2022, and December 31, 2023 are as follows:
Journal Entry:December 31, 2022: Debit Cash $720,000
Credit Notes Payable $720,000
20%, 10-year mortgage note
December 31, 2023: Debit Notes Payable $150,000
Credit Cash $150,000
Transaction Analysis:December 31, 2022: Cash $720,000 Notes Payable $720,000
20%, 10-year mortgage note
December 31, 2023: Notes Payable $150,000 Cash $150,000
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When drawing a supply curve, we always place on the vertical axis and supplied on the horizontal axis. (Use one word for each blank.)
When drawing a supply curve, we always place price on the vertical axis and quantity supplied on the horizontal axis.
What is a supply curve?A supply curve can be defined as a type of chart that is used to graphically represent the total quantity of goods or services that are supplied to consumers at a given price.
As a general in Economics, you should always place price on the vertical axis and quantity supplied on the horizontal axis when drawing a supply curve.
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Bill pay powered by melio allows you to fund payments to vendors using which 3 methods?
Bill pay powered by Melio allows you to fund payments to vendors using the 3 methods of:
Debit card. Credit card.EFT from their bank. What is Bill Pay powered by Melio about?This is known to be a new feature that allows all users to book their vendor payments through the use of their Debit card, a Credit card, or EFT obtained from their bank and then it is used to issue or sends payment to their vendors.
Therefore, Bill pay powered by Melio allows you to fund payments to vendors using the 3 methods of:
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Licensing of the brand, a reputation for quality, and a large number of retail stores are examples of potential blank______ that a firm may identify during a swot analysis.
Licensing of the brand, a reputation for quality, and a large number of retail stores are examples of potential strengths that a firm may identify during a swot analysis.
What is a SWOT analysis?This is the framework that is used to know the strength of an organization, its weaknesses, its opportunities and its threats.
The SWOT analysis is useful due to the fact that it relates to situational analysis or assessment.
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A survey of pet owners found that on average, they spend $1,225 annually per pet, with a standard deviation of $275. between which two amounts would you expect 95% of the survey’s respondents to spend annually per pet if the sample is approximately normal and comes from a normally distributed population?
Based on the sample being normal, 95% of the survey's respondents will fall within $675 and $1,775.
Where will 95% of the respondents fall?A 95% interval has a z value of 1.96.
The confidence interval would be:
= Sample mean ± z x (Standard deviation / √sample)
= 1,225 + 1.96 x (275 / √1)
= $1,764
= 1,225 - 1.96 x (275 / √1)
= $686
The closest figures from the options are $675 and $1,775.
Options for this question include:
$675 and $1,500 $675 and $1,775 $950 and $1,500$950 and $1,775Find out more on 95% confidence intervals at https://brainly.com/question/16974109.
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Answer:
option 3
Explanation:
According to goal-setting theory, in order for goals to enhance motivation and performance they must be Multiple Choice recognized by monetary rewards. accompanied by feedback. tied directly to the principles of scientific management. put into the labor contract.
According to goal-setting theory, in order for goals to enhance motivation and performance they must be: B. accompanied by feedback.
What is motivation ?Motivation is something that help to increase a worker or an employee performance and productivity.
For a goals which a company what to accomplish to enhance motivation such goals must depend on the feedback received.
Therefore the correct option is B.
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What is the result of subtracting the project costs from the benefits and then dividing by the costs
The result of subtracting the project costs from the benefits and then dividing them by the costs return on investment ROI. This is further explained below.
What is a project?Generally, Project is simply defined as a company that is well organized to accomplish a certain goal.
In conclusion, The return on investment (ROI) is calculated by dividing the expenses of a project by the benefits it generates.
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what is a good way to ask your teacher for a better grade
Answer:
Ask for extra credit, or if you can redo your lowest grade. Explain to them any troubles you have had or having and that you want to try your hardest to get the best grade possible
Explanation:
There is such a wide variety of desired goods and services in a market system because multiple choice 2 consumers change their minds frequently. individual wants are diverse. producers determine what to produce. there is always a need to produce something new and improved.
There is a variety of products in the market as the wants and needs of the individuals in an economy become diverse.
Option B is the correct answer.
What is a product?
Product refers to the goods manufactured by companies and sold by the retailers in the consumer market.
The companies in the digital world creating lots of new and innovative goods that attract the customers to buy more which results in an increase in their consumption needs. The consumption needs will then affect the wants of individuals and make them diverse and differentiated.
Therefore, the diversified wants of individuals are caused due to wide variety of products in the market.
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An investor sold 100 shares of ran common stock short at $50 per share. the ran is now at $38. the investor is still bearish on the stock but would like to protect that gain. what would you recommend if this were your client
If the investor is my client, i will advise him to enter a buy stop order at $40.
What is the buy stop order?In the share market, these are protective tool that are mainly for short sellers.
Now, as the stock should begin to rise from its current price of $38, once it reaches or exceeds $40, a buy order at the market is entered.
Hence, the stock purchased is used to cover the short position and the investor's profit is the $50 sale price minus the cost of the purchase.
However, because the investor is short term person, the only protective order would be a buy and not a sell.
Therefore, i will advise him to enter a buy stop order at $40
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Question 10 (1 point)
when thor hears where his family is vacationing that summer, he is confused
because the location sounds terribly unappealing. his mom explains that they are
going because of the resort they booked, not the outside location. based on this,
what type of resort is thor's family most likely visiting?
orecreational resort
oreclusive resort
oresort town
odestination resort
In the given situation above, Thor's family is most likely to visit a recreational resort for summer vacations.
What is a recreational resort?A resort, which is constructed or built in such a way that it facilitates leisure activities like a hobby or sports activities, which is generally for a short term period, is known as a recreational resort.
Hence, the significance of recreational resorts is given above.
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The control function of management (select all that apply): Multiple select question. gives workers the education and tools they need to make decisions measures performance relative to the planned objectives and standards takes corrective action when necessary rewards people for work well done
The control function of management are:
Takes corrective action when necessary.Measures performance relative to the planned objectives and standards.Reward people for work well done.What is control function?The control function of management helps those in authority check and ensure that any error observed are quickly corrected and also assist to prevent reoccurrence.
Hence, the control function of management are takes corrective action when necessary and measures performance relative to the planned objectives and standards.
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Andy has a parcel with an elevation that is substantially lower than most of the neighboring properties. in order to have the same view as neighboring parcels, a house built on his parcel will have to be 18 feet higher than the height limit for the zoning district. if he is to build such a house, he will need:
If Andy is to build a house with such an elevation, he will need a variance from the relevant authorities.
What is Variance?This is defined as an exception to the set of rules a municipality applies to land use and development.
Andy wants to have the same view as neighboring parcels and will need to have the building elevated which is different from that of others is why he will need a variance.
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In 2019, selected automobiles had an average cost of $12,000. the average cost of those same automobiles is now $13,200. what was the rate of increase for these automobiles between the two time periods? (
The rate of increase for these automobiles between the two time periods is 10%
What is automobiles?Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.
In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-
Increased rate = (current value -Initial value )/current value * 100
=( $13,200 - $12,000)/ $12,000 *100
=$1200/ 12000 *100
= 10%
Therefore, the rate of the increase for these automobile between 2 periods is 10%.
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What was one benefit of the transcontinental railroad? it made cross-country travel times longer. it ended many risks of traveling cross-country. it stopped trade with asia.
The benefit of the transcontinental railroad was that it ended many risks of traveling across the country.
Why was the transcontinental railroad created?The American railroad, was created in 1869, with an important innovation through the connection between the coasts of the Atlantic and Pacific oceans, having as benefits the expansion of commercial and passenger transport routes in America.
Therefore, the transcontinental railroad was built using mechanized technology in the 19th century, increasing the safety and speed of travel.
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The difference between a financial aid package and total cost of collage can be made up by ______.
A: reapplying with different family contributions
B: signing up for fewer classes a semester
C: personal savings and student loans
D: going to a college with lower tuition costs
The difference between a financial aid package and total cost of collage can be made up by personal savings and student loans.
Financial aid is referred to any form of funding which tends to help one in paying for for college, such as a loans, grant, scholarships or work-study programs. So, for most of the students, financial aid is essential to making college affordable.
It is estimated that about two thirds of college students receive financial aid based on their family's financial circumstances. So, here it is important that the difference between a financial aid package and total cost of collage can be made up by personal savings and student loans.
Hence, option C is correct.
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Your checkbook register shows these activities for the month.Old balance: $134.56Check 512 to Good Stuff for $32.19Deposit: $345.12Check 513 to Hometown Apt. for $250.00Check 514 to Farland Grocery for $16.65Check 515 to Dr. Scott for $45.00What is your new checkbook balance
Based on the various activities for the month that were reflected in your checkbook, your new balance would be $135.84.
What is the checkbook balance?This can be found as:
= Opening balance + Deposits - Checks and withdrawals
Solving gives:
= 134.56 + 345.12 - 32.19 - 250 - 16.65 - 45
= $135.84
In conclusion, your new balance is $135.84.
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Hardcover books are shipped 3 days after an order is placed. soft cover books always take at least 1 day less than hardcover books to ship after the order is placed. special apparel orders take as long as or longer than hardcover books to ship after the order is placed. conclusion: special apparel orders take longer to ship than soft cover books. if the assumptions are true, is the conclusion:
If the assumptions are true, the conclusion relating to the longer time taken to ship the special apparel than the softcover books is correct.
What is meant by the conclusion?The conclusion is a brief summary of any topic without going into the detail of it.
The shipping time taken to deliver the softcover books is 2 days, that is, 1 day more than the shipping time taken to deliver hardcover books. There is a difference of only one day in both the shipping. The time taken by special apparel to ship is longer than the hardcover books which means that time is also greater than softcover books.
Therefore, the provided conclusion statement is correct keeping all the assumptions true.
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It will be difficult to institute fiscal policy in a stabilizing manner because politicians will find:.
It will be difficult to institute a fiscal policy in a stabilizing manner because politicians will find that budget deficits are attractive during a recession, but they will be reluctant to run budget surpluses during an expansion.
What is a Fiscal Policy?This refers to the use of government spending in order to influence and control economic conditions such as recession, etc.
Hence, we can see that the use of fiscal policies can be difficult to be used in a stabilizing manner because while they can be used to control recession, it is difficult to use them as budget surpluses during an expansion.
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what is plan and goal?
Answer:
Plan can be defined as the steps that you have set or layed down to achieve a goal
While goal are those things that you have planned to achieve in a lifetime, goals are mainly priorities. hope this helps
As the ceo of a mid-size airline, karyn knows that most commercial airplanes are manufactured by either airbus or boeing. To mitigate the ________ of the airline industry, karyn explores options for her company to manufacture its own airplanes.
To mitigate the bargaining power of suppliers of the airline industry, karyn explores options for her company to manufacture its own airplanes.
What is bargaining power of suppliers?Bargaining power of suppliers occur when companies or organization are under pressure when the price of the product they purchase from a supplier increase or when their is scarcity of the product.
Based on the scenario in order to mitigate Bargaining power of supplier karyn by telling the company to produce their own product.
Therefore to mitigate the bargaining power of suppliers the company should manufacture its own airplanes.
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Jennings company has total assets of $445 million. its total liabilities are $120.5 million. its equity is $324.5 million. calculate the debt ratio. (round your answer to 1 decimal place.)
Jennings company has total assets of $445 million and its liabilities are $120.5 million. The debt ratio is 2.71%.
What is the debt ratio?The debt ratio refers to the financial ratio indicating the percentage of a company's assets that are provided via debt.
Jennings company has total assets of $445 million and total liabilities of $120.5. The debt ratio that is calculated by dividing total liabilities and assets is 2.70%.
Therefore, the debt ratio is 2.70%.
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Two friends decide to start selling their drone camera aerial footage. Which economic question have they answered?
For whom to produce?
How much to produce?
How to produce?
What to produce?
The economic question that the two friends have answered is D. What to produce?
What is a economic question?It should be noted that an economic question simply means the question that seeks answers to happenings in an economy.
In this case, the economic question that the two friends have answered is what to produce since they sold drone cameras.
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Answer:
D. What to produce?
Explanation:
Kay Company budgets overhead cost of $4,104,000 for the next year. The company uses direct labor hours as its overhead allocation base. If 90,000 direct labor hours are planned for the next year, how much overhead would be assigned to a product requiring 5 direct labor hours
Based on the fact that Kay Company will use direct labor hours as its overhead allocation base, the overhead for a product with 5 labor hours is $228.
What is the overhead assigned to the product?This can be found as:
= Total overhead cost / Number of labor hours x Product labor hours
Solving gives:
= 4,104,000 / 90,000 x 5
= 45.6 x 5
= $228
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A company currently has sales of $700,000 and a contribution margin ratio of 45%. As a result of increasing advertising expense by $8,000, the company expects to increase sales to $735,000. If this is done and these results occur, net operating income will
If this is done and these results occur, net operating income will increase by $7750.
Net operating incomeUsing this formula
Net operating income=(Expected Increase in sales-Current sales× Ratio-Advertising expenses)
Let plug in the formula
Net operating income = $735,000 - ($700,000 x 45%) - $8,000
Net operating income= $7,750 increase
Therefore net operating income will increase by $7750.
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Which nims structure develops recommends and executes?.
Answer:
Joint Information System (JIS) is a NIMS structure develops, recommends, and executes public information plans and strategies.
When a doctor schedules you for a surgery and requests that the hospital have specific instruments and supplies for your procedure, who initiates the buying process
The doctor is responsible for supplying the required instruments for the surgery procedure.
What is the real meaning of a doctor?A person certified to exercise medicine, as a physician, surgeon, dentist, or veterinarian. someone who has been presented with a doctor's degree can be called as Doctor. He is a Doctor of Philosophy.
The buying process of surgical equipment for the successful operation of a patient is initiated by the doctor and the hospital authorities.
Therefore, The doctor is responsible for supplying the required instruments for the surgery procedure.
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