The Cash flows from operating activities is $148,000.
Statement of cash flow (Indirect method)
Cash-flow from Operating activities
Particulars Amount Amount
Net Income $173,000
Adjustments to reconcile net income
Add: Accounts receivable decreased $67,000
Less: Prepaid expenses increased ($15,000)
Inventories increased ($27,000) $25,000
Cash flows from operating activities $148,000
Therefore, the Cash flows from operating activities is $148,000.
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A company has a policy of paying salaries for contract labor on the 15th of the month following the labor services received. In December 2021, the company recorded $15,000 paid in salaries for labor services received in November 2021. In addition, labor services received in December 2021 were $12,000 and will be paid by the company on January 15, 2022. What adjusting entry will the company record on December 31, 2021? * I really need help with this*
Multiple Choice
a. Debit Salaries Expense and credit Salaries Payable for $3,000.
b. Debit Salaries Expense and credit Cash for $15,000.
c. Debit Salaries Expense and credit Salaries Payable for $12,000.
d. Debit Salaries Expense and credit Salaries Payable for $27,000.
Answer:
c. Debit Salaries Expense and credit Salaries Payable for $12,000.
Explanation:
The journal entry is shown below:
Salaries Expense $12,000
Salaries Payable $12,000
(Being salaries expense is recorded)
For recording this we debited the salaries expense as it increased the expense and credited the salary payable as it also increased the liabilities
According to the accrual basis of accounting, the expenses is recorded when they are incurred
So only $12,000 would be considered
whats a job description and person specification for nursing assistant?
Answer:
Enumerated below.
Explanation:
Job description of nursing assistant:
1) Help patients to make use of the bathroom.
2) Clean and bathe any patient or resident that requires it.
3) Maintain hygiene of patients as well as change of bedding they use.
4) Turn, reposition and ensure smooth movement of patients in between the wheelchairs, seats and beds
5) Serve meals and help the patients to eat their food.
6) Carry out simple checks on important things like blood pressure and temperature.
7) Give a listening ear to patients in regards to any health concerns they have and then report such details to a Registered Nurse or Doctor.
Person specification are the personal attributes desired in the potential nursing assistant. They include:
1) Should show excellent attention to detail.
2) Should be very good with written and verbal communication
3) Should possess strong ability to carefully read and also follow directions.
4) Should show flexibility in exercise of work duties and schedule.
5) Should be a very good team player.
6) Strong enough to lift/carry and move patients.
7) Should have very good foundation of clinical skills and clinical knowledge.
The Crash Davis Driving School has an ROE of 14.5 percent and a payout ratio of 44 percent. What is its sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Assuming the Crash Davis Driving School has an ROE of 14.5 percent and a payout ratio of 44 percent. Its sustainable growth rate is:8.84%.
First step
b=1-payout ratio
b = 1 - .44
b = .56
Second step
Sustainable growth rate = [(ROE)(b)] / [1 - (ROE)(b)]
Sustainable growth rate = [.145(.56)] / [1 - .145(.56)]
Sustainable growth rate=0.0812/(1-0.0812)
Sustainable growth rate=0.0812/0.9188
Sustainable growth rate=0.0884×100
Sustainable growth rate=8.84%
Inconclusion Its sustainable growth rate is:8.84%.
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Questions:
1. What can be done to encourage the sales force to engage in more cross-selling?
2.
Does the current FAM trip program serve as a motivational tool for the sales force? Justify your
response.
3. Discuss what is needed in terms of sales incentives and sales controls to achieve the objectives
of International Travel Agency
1. To encourage the sales force to engage in more cross-selling:
Give salespeople more attractive and rewarding incentives.Offer loyalty perks to customers.Identify the specific products for cross-selling.2. We can conclude that the current FAM trip program serves as a motivational tool for the sales force because a Familiarization trip gives the salespeople firsthand experience.
3. For the sales incentives and sales controls to achieve the objectives of the International Travel Agency, they must:
Be easy to operate and maintainUser-friendly for the sales and finance teamsProvide reasonable ROI measurement tools.What is cross-selling?Cross-selling is the marketing practice that encourages salespeople to market additional or related products or services to existing customers who are currently making some purchases.
Some of the advantages of cross-selling include:
Boosting sales revenueIncreasing customer satisfactionBuilding customer engagementCreating solid and lasting customer relationships.Thus, to encourage the sales force to engage in more cross-selling, offer:
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purchased goods of rs 40000 journal entries
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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Each month, an American household generates an average of 28 pounds of newspaper for garbage and/or recycling. Assume this is approximately normally distributed and that the standard deviation is 2 pounds. If a household is selected at random, find the probability of it generating between 27–31 pounds per month.
Answer:
68.26% probability that a randomly selected household will generate between 27 and 31 pounds of newspaper per month.
Explanation:
The probability of a randomly selected household generating between 27 and 31 pounds of newspaper per month can be found using the normal distribution.
First, we need to standardize the random variable by subtracting the mean (28 pounds) and dividing by the standard deviation (2 pounds):
(27 - 28) / 2 = -0.5
(31 - 28) / 2 = 1.5
These standardized values correspond to the z-scores for the lower and upper bounds of the range. We can use a standard normal table or a calculator to find the probability that a random household will generate a value within this range.
The probability of a value falling between -0.5 and 1.5 on the standard normal distribution is approximately 0.6826, or 68.26%. This means that there is a 68.26% probability that a randomly selected household will generate between 27 and 31 pounds of newspaper per month.
It's important to note that this is an approximate value, as the normal distribution is a continuous distribution and the probability of a specific value occurring is technically zero. However, the normal distribution can be used to approximate the probability of a value falling within a given range, as long as the range is relatively small compared to the standard deviation.
The major advantage of a regular partnership or a corporation as a form of business organization is the fact that both offer their owners limited liability, whereas proprietorships do not. True False
Answer:
True
Explanation:
Some owners of a regular partnership (limited liability partnership) or a corporation (S-corporation) enjoy limited liability, unlike the owners of proprietorships, whose business liabilities and solvency are backed with the personal assets of the owners. The owners of a C-corporation enjoy full limited liability unless the corporate veil is lifted by the court, depending on prevailing circumstances. With limited liability also comes limited participation in the management of the entity.
Current research suggests that a. investors can get more diversification with shares of domestic, large-cap stocks. b. investors can get more diversification with shares of domestic, small-cap stocks. c. investors can get more diversification with shares of foreign, large-cap stocks. d. investors can get more diversification with shares of foreign, small-cap stocks.
Answer:
d.) investors can get more diversification with shares of foreign, small-cap stocks.
Explanation:
Diversification could be regarded as one of the ways used in balancing of risk as well as reward in ones investment portfolio. It is been reffered to as practice involving spreading ones investments around , then ones exposure to any one type of asset will be limited. This is a way to reduce the volatility of ones portfolio over time.
More diversification can be gotten by
Small-cap stocks which are regarded as public companies with a market capitalizations that ranges from $300 million up to $2 billion. It should be noted that Current research suggests that investors can get more diversification with shares of foreign, small-cap stocks.
Point D on the graph represents which phase of the business cycle?
Answer:
Contraction
Explanation:
Just took the Test
Theory Z was developed by
How does a competitive market, operating without any government intervention, usually handle "shortage" situations?
Through price increases, the free competitive market reduces shortages. Prices that are going up encourage consumers to spend less or, if they can, switch to a different product, which reduces demand.
Without government interference, what happens to the markets?Because there are no government rules, the nature of the free market forces companies to offer top-notch goods and services that cater to customers' requirements. A free market economic system also enables vendors to set fair prices for all customers.
How is market intervention impacted by government policy?Governments can enact tariffs, which increase taxes to imported goods, or subsidies, which raise prices and make native goods more appealing by taxing the general public and transferring the money to an industry. Increased levies, fees, and regulations can cripple businesses or entire industries.
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Fashion Jewelers uses the perpetual inventory system. On April 2, Fashion sold goods with a cost of $5,500 for $14,000 with terms of 4/15, n/30. On April 4, the customer reported damaged goods and Fashion granted a $2,000 sales allowance. On April 10, Fashion received the payment for the sale. Give the journal entry that will be recorded on April 10 by Fashion.
A. Cash 11,520 Accounts Receivable 11,520
B. Cash 12,000 Accounts Receivable 12,000
C. Accounts Receivable 12,000 Sales 12,000
D. Cash 12,000 Sales Discount 480 Accounts Receivable 11,520
Answer: Cash 11,520 Sales Discount 480 Accounts Receivable 12,000
Explanation:
Fashion Jewellers sold goods for $14,000.
Out of this $14,000, damaged goods were returned which caused Fashion Jewellers to reduce the figure by $2,000 by way of a sales allowance.
The figure is now,
= 14,000 - 2,000
= $12,000
This $12,000 is subject to a trade term of 4/15, n30 which means that as long as the amount is paid in 15 days, a 4% discount is applicable. If the balance is not paid in 15 days however, it should be paid in 30 days.
Fashion house received the payment within the discount period so the good is liable to a 4% reduction.
= 12,000 * 4%
= $480
That means that only,
= 12,000 - 480
= $11,520 was paid as balance in cash
The proper entry on April 10 is therefore,
DR Cash $11,520
DR Sales Discount $480
CR Accounts Receivable $12,000
Sales discount is an expense and Expenses are debited when they increase.
The options do not have this answer but it is correct.
Answer:
Cash 11,520 Dr. Sales Discount 480 Dr Accounts Receivable 12,000 Cr
Explanation:
Fashion Jewelers
Perpetual inventory system
Sales $ 14000
Sales Allowance $ 2000
Sales Discounts 4% of $12000 ( 14000- 2000) = $ 480
Net Sales = $ 12000- $ 480= $ 11520
The journal entry that will be recorded on April 10 by Fashion.
Cash $11520 Dr
Sales Discount $ 480 Dr
Accounts Receivable $12000 Cr
Sales discount is an expense account and is debited. Accounts Receivable will be credited with the full amount.
3. As a project manager, you email all team members requesting their feedback on processes and their preferred
method of collaboration. Which aspect of effective team building does this scenario demonstrate?
The aspect of aspect of effective team building does this scenario demonstrates is "Promote psychological safety" (Option D)
What is Effective Team Building?Team development is a continuous process that assists a work group in becoming a cohesive one. Not only do team members share expectations for completing group work, but they also trust and support one another and appreciate one another's distinctive characteristics.
It fosters trust, reduces conflict, promotes communication, and fosters collaboration. Effective team building results in more engaged employees, which is beneficial to corporate culture and the bottom line. It may also be exciting and fun if done with a little flair.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
As a project manager, you email all team members requesting their feedback on processes and their preferred method of collaboration. Which aspect of effective team building does this scenario demonstrate?
Answers
Prioritize tasks
Listen and ask questions
Celebrate team success
Promote psychological safety
develop a value chain for H-T corporation and its operation in Yorkshire. Your value-chain model should be illustrated similar to your textbook. Explain functions in the value chain with examples.
H-T Corporation is a manufacturing company that specializes in the production of high-tech equipment for the automotive industry. The value chain for H-T Corporation in Yorkshire can be illustrated by this steps Research and Development, Design, Production, Marketing and Sales, Logistics, Service and Support.
1. Research and Development: H-T Corporation invests heavily in research and development to create new products and improve existing ones. For example, the company might invest in developing new types of engine components or improving existing designs.
2. Design: The design team at H-T Corporation creates prototypes and detailed designs for new products. This might include using computer-aided design software or building physical models.
3. Production: H-T Corporation has a state-of-the-art production facility in Yorkshire where it manufactures its products. The production process includes machining, assembly, and testing.
4. Marketing and Sales: H-T Corporation sells its products to automotive manufacturers around the world. The marketing team promotes the products and develops relationships with customers to increase sales.
5. Logistics: Once products are manufactured, they need to be shipped to customers. H-T Corporation has a logistics team that manages the transportation of products to customers.
6. Service and Support: H-T Corporation provides ongoing support to customers after they purchase its products. This might include technical support, repair services, or training for new products. Each of these functions is essential to the overall value chain for H-T Corporation. By investing in research and development, designing innovative products, manufacturing them efficiently, and providing excellent service and support, the company is able to deliver high-quality products to customers and stay competitive in the market.
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Dr Robyn Miekle
Robyn owns a music production company Gala Music (Pty) Ltd (“Gala”). The primary function of a music production company is to locate artists and facilitate the recording, manufacturing, and distribution of musical products. Gala entered into an agreement with Buntu Events (Pty) Ltd (“Buntu”). Buntu is a full-service event planning company that provides complete planning, consulting, and supervision for both corporate and social events. In this agreement, Gala will provide performing artists for Buntu’s Durban July party on 2 July 2022, and in exchange Buntu will waive the performers' registration fee of R28 750 (VAT inclusive).
Gala charges R11 500 (VAT inclusive) booking fees (not registration fee) for its artists per event. Gala will provide three performing artists for Buntu’s Durban July party on 2 July 2022. Both companies have 30 June year ends and both are registered vendors in terms of the Value-Added Tax Act, 1991 (Act 89 of 1991), as amended.
With reference to the paragraph “Dr Robyn Miekle”, discuss in terms of the Value-Added Tax Act, 1991 (Act 89 of 1991) and applicable case law, if any, the output tax consequences for Gala Music (Pty) Ltd of entering into the agreement with Buntu Events (Pty) Ltd for the year ended 30 June 2023. For this question, assume that Gala Music (Pty) Ltd had not received nor issued a valid tax invoice.
6
The will be no output tax consequences for Gala Music (Pty) Ltd for entering into the agreement with Buntu Events (Pty) Ltd for the year ended 30 June 2023 under the Value-Added Tax Act 1991.
What was the Value-Added Tax Act 1991?It was a federal legislation that impose and charge Value Added Tax on certain goods and services and to provide for the administration of the tax and matters.
The Value-Added Tax Section 89 of 1991 Act does the follwing:
provide for taxation in respect of the supply of goods and services and the importation of goodsamend the Transfer Duty Act, 1949amend the Stamp Duties Act, 1968repeal the Sales Tax Act, 1978.Because the Value-Added Tax have been abandoned for a long time in the country, there will be no output tax consequences for Gala Music (Pty) Ltd for entering into the agreement with Buntu Events (Pty) Ltd for the year ended 30 June 2023 under the Value-Added Tax Act 1991.
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3. How should an employer go about withholding tax when he/she has no regular payroll period?
Answer:
The IRS considers that every single salary paid is a distinct and unique event for taxation purposes. The employer is supposed to estimate the annual salary. But if this cannot be determined because the payroll is not regular, then every time a salary is paid, the employer should deduct an estimated amount depending on the wage-bracket tables published by the IRS. This is not exact, but the employer is responsible for doing this. If the employer withholds too much money, it will be refunded. Or if the employer doesn't withhold enough money, the employee will pay the difference.
The more productive a company can be, the greater its return on that investment and the higher the profit.
True
False
Answer: true
Explanation:
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Purchase price of the land $ 620,000 Sale of salvaged parts already on land $ 25,000 Demolition of the old building $ 23,000 Ground-breaking ceremony (food and supplies) $ 1,100 Land preparation and leveling $ 8,300 What amount should be recorded for the purchase of the land
Answer:
$651,300
Explanation:
Cost of an item of property, plant and equipment comprises of purchase price and any cost directly attributable to bringing the asset to the location and condition for operation as intended by management.
Calculation of the cost of purchase of the land:
Purchase price $ 620,000
Demolition of the old building $ 23,000
Land preparation and leveling $ 8,300
Cost of purchase of the land $651,300
What report in QuickBooks Online will show whether a client was profitable for a specific period?
a. Balance Sheet
b. A/R Aging report
c. Profit & Loss
d. Trial Balance
types of equilibrium
Sandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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Swart Electrical is a Small, Medium and Micro Enterprise (SMME) specialising in electrical supplies in South Africa. The founder and CEO, Mr Swart prefers to solicit inputs from managers of different departments before formulating organisational goals. However, once planning has been concluded, he does not allow managers to deviate from the set goals. Which one of the following options is evident in the scenario regarding the costs of planning? Select one: a. Planning could cause delays in decision-making. O b. Planning consumes management time. O c. Planning demotes co-ordination. Qd. Planning may create rigidity.
The one options that is evident in the scenario regarding the costs of planning is: d. Planning may create rigidity.
Which evident in the scenario regarding the costs of planning?According to Mr. Swart's planning methodology, once objectives have been stated, managers are not permitted to stray from them.
This suggests that rigidity may have been a result of the planning process since it prevents flexibility or adaptability in response to a changing environment. While planning is crucial for providing direction and organizing efforts, if it is applied too strictly, it may also breed inflexibility.
Therefore the correct option is D.
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If someone received cash 2 700 for sold goods, which journal account should be created?
Answer:
cash a/c dr
To sales a/c
( being goods sold in cash )
How fast do you guys help students answer questions?
Answer:
it depends on who is answering, what the question is, and what you want in the question. regularly answers come within 5 minutes, but if its really complicated then those questions almost never get answered
Three basic questions of economics are:
a. Why? How? What? b. What? How? For Whom?
c. What? Where? When? d. What? How? Where
Domain and Range Digital Escape! puzzle 3
A function/graph/relation's domain and range are defined as follows:
Domain: a collection of input values.Range: a collection of output values.What are a function's domain and range?The domain of a function is the set that contains all of the function/relation's potential input values; hence, it is made up of x values.
The range of a function is the set that contains all of the function/relation's potential output values; hence, it is made up of y values.
Because the problem is incomplete, the notions of domain and range are given and then applied to derive the domain and range.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Please define the terms
Suppose that the six-month interest rate in the United States is 2%, while the six-month interest rate in Britain is 4%. Further, assume the spot rate of the pound is 1.25. Suppose that you have $500,000 with which to attempt covered interest arbitrage. Assume the forward rate is $1.22596, as you just calculated, and the interest rates are the same as have been used throughout this problem. To start, you exchange your $500,000 (at the spot rate of 1.25) for 400,000pound. After depositing these funds for 6 months, and earning a return of 4%, your deposit grows to 416,000pound. When you convert your 416,000pound back to dollars, you end up with approximately_________________ , for a profit of about over your original $500,000. However, had you simply deposited your $500,000 in an account and accrued 2% interest, you would have ____________ , for a profit of ______________. This example illustrates that covered interest arbitrage ___________offer a significantly larger return than simply depositing the funds in a domestic account under internet rate parity.
After depositing these funds for 6 months, and earning a return of 4%, your deposit grows to 416,000pounds.
When you convert your 416,000pounds back to dollars, you end up with approximately $520,000, for a profit of about $20,000 over your original $500,000.
However, had you simply deposited your $500,000 in an account and accrued 2% interest, you would have $510,000 ($500,000 x 1.02), for a profit of $10,000.
This example illustrates that covered interest arbitrage does offer a significantly larger return than simply depositing the funds in a domestic account under internet rate parity.
What is the covered interest rate arbitrage?The covered interest rate arbitrage is a trading strategy that enables an investor to:
Use favorable interest rate differentials.Invest in a higher-yielding currency.Hedge the exchange risk through a forward currency contract.Data and Calculations:Funds for covered interest arbitrage = $500,000
Forward rate = $1.22596
Six-month interest rate in the United States = 2%
Six-month interest rate in Britain = 4%
Spot rate = $1.25
Value of $500,000 in pounds = $400,000 ($500,000/$1.25)
Expected returns on deposit for 6 months = 4%
New value of $500,000 in pounds after 6 months = $416,000 ($400,000 x 1.04)
Dollar value of 416,000 pounds = $520,000 ($416,000 x $1.25)
The gain or profit from the original $500,000 funds = $20,000 ($520,000 - $500,000)
Thus, the example illustrates that covered interest arbitrage does offer a significantly larger return than simply depositing the funds in a domestic account under internet rate parity.
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The market structure of the local pizza industry is best characterised by monopolistic competition. Pizza Shack is one of the producers in the local market. The market demand for Pizza Shack is: Qd = 225 – 10P. Pizza Shack’s cost function is: C(Q) = 0.15Q^2 Where Q^2 refers to q squared 3. Derive the total revenue equation:
The total revenue equation for Pizza Shack is $810.
To derive the total revenue equation for Pizza Shack, we need to use the demand equation and the price equation. The price equation is derived from the cost function, which is C(Q) = 0.15\(Q^{2}\).
To find the marginal cost, we need to take the derivative of the cost function with respect to Q, which is:
MC = 0.3Q
Now, to find the optimal price and quantity that Pizza Shack should produce, we need to set the marginal cost equal to the marginal revenue. In monopolistic competition, the marginal revenue is the change in total revenue when one more unit is sold, which is given by the derivative of the total revenue equation.
The demand equation for Pizza Shack is:
Qd = 225 – 10P
To find the price equation, we need to solve for P:
Qd = Qs
225 – 10P = Q
P = (225 – Q)/10
Now, we can plug in the price equation and the cost function into the revenue equation, which is:
TR = P x Q.
TR = (225Q – \(Q^{2}\))/10
To find the optimal quantity, we set the marginal cost equal to the marginal revenue:
MC = MR
0.3Q = (225 – 2Q)/10
3Q = 225 – 2Q
5Q = 225
Q = 45
Now that we have the optimal quantity, we can plug it back into the price equation to find the optimal price:
P = (225 – Q)/10
P = (225 – 45)/10
P = 18
Therefore, the total revenue equation for Pizza Shack is:
TR = P x Q
TR = 18 x 45
TR = $810
In conclusion, the total revenue equation for Pizza Shack is $810, and it is derived from the demand equation and the price equation, which are both based on the market structure of monopolistic competition.
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There were 1,700 units in beginning inventory that were 40% complete with regard to conversion. During the month, 8,550 units were started and 9,000 were transferred to finished goods. The ending work in process was 60% complete with regard to conversion costs, and materials are added at the beginning of the process. What is the total amount of equivalent units for materials and conversion at the end of the month using the weighted-average method?
Answer:
The total amount of equivalent units for materials and conversion at the end of the month using the weighted-average method is:
Materials Conversion
= 10,250 units 9,750 units
Explanation:
a) Data and Calculations:
Ending Work in Process Inventory (Units):
Beginning Inventory units = 1,700
Units started during the month = 8,550
Total units 10,250
Units transferred out 9,000
Ending Work in Process (Units) 1,250
Equivalent Units of Production: Units Materials Conversion
Units transferred to Finished Goods 9,000 9,000 (100%) 9,000 (100%)
Ending Work in Process 1,250 1,250 (100%) 750 (60%)
Total equivalent units 10,250 9,750
b) Using the weighted average method, the total equivalent units considers only the units transferred to the Finished Goods Inventory and the Ending Work-in-Process Inventory. The Beginning Work-in-Process Inventory is not part of the computation.
issues on Camelot security printing under the vision and mission of the company
Camelot security printing under the vision and mission of the company .
Our Vision
To become the industry leader in providing top-notch business paperwork and document security solutions, utilizing the best available human resources and technology in a way that is both cost-effective and profitable and benefits both ourselves, our clients, and the communities in which we operate.
C – Care : We care for our customers
A – Assured : We assure our customers of the highest quality products and services
M – Money for Value : we give you your money’s worth and more
E – Efficiency: We maximize the use of our resources and waste nothing
L – Leadership : We chart the course of change
O – Originality : We strive to lead the market through innovation
T – Trust : We believe in mutual trust and long – term relationship
Our Mission Statement
Our goal is to continue to be leaders in the delivery of excellent business forms and file security solutions, utilizing the best available human capital and generation in a cost-effective and profitable manner that benefits all parties involved—including ourselves, our clients, and the communities where we work.
Our Core Values
M – Motivation
O – Originality
V – Verve (i.e. Vigour, Spirit, Style)
E – Ethical
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