The primary implementation strategies involved with the various partnering models are: Joint development, Licensing, Distribution, Supply chain coordination, and Manufacturing.
What is a partnering model?A partnering model is a type of cooperation that establishes a formal agreement between two or more organizations to work together towards a common objective.
It's about taking strategic steps to address the changing business environment and demands in order to achieve a shared goal. It's a collaborative process that may help businesses to access new markets, develop products or services, and minimize business risks.In order to make it a reality, the partnering models require a number of implementation strategies.
Let's take a look at some of the primary implementation strategies involved with various partnering models:
Joint development strategyThis strategy allows partners to collaborate on a project, product, or technology. Companies can leverage each other's expertise to speed up the development process and create a more efficient and effective product.
Licensing strategyThis strategy allows a company to allow another company to use its intellectual property or technology. It can be used to expand into new markets, increase revenue, and reduce the cost of developing new products.
Distribution strategyThis strategy allows companies to combine their resources to develop a product and then market and distribute it to their customers. This is beneficial when one company has a strong distribution network and another has a strong product or technology.
Supply chain coordination strategyThis strategy is used to optimize the flow of goods and services from one company to another. It may be used to reduce costs, improve efficiency, and increase quality.
Manufacturing strategyThis strategy allows partners to work together to manufacture a product or service. This may include sharing manufacturing facilities, equipment, or technology. It can help to reduce costs and increase efficiency.
Learn more about primary implementation strategies at https://brainly.com/question/31404232
#SPJ11
What's a down payment?
Answer:
Down payment is a partial payment for the purchase of expensive things like a house or a car
Answer:
A down payment is the cash you pay upfront to make a large purchase, such as a car or a home etc.
Explanation:
Have a nice day!
Which of the following refers to additional costs beyond normal business due to an activity or policy?
A. Policy Cost
B. Ethical Cost
C. Public Relations Costs
D. Social Cost
Social Cost refers to additional costs beyond normal business due to an activity or policy. (Option D)
Social cost refers to the total cost incurred by society as a result of economic activity or policy. It includes both the private costs borne by businesses and individuals directly involved in the activity, as well as the external costs imposed on society as a whole. These external costs can arise from negative impacts on the environment, public health, or other social factors.
While the other options listed (Policy Cost, Ethical Cost, and Public Relations Costs) may be relevant considerations in certain contexts, they do not specifically encompass the broader concept of costs imposed on society as a whole. Social cost takes into account the wider implications of an activity or policy, recognizing that the full costs extend beyond the direct participants and affect the well-being of society at large.
Learn more about Social cost here:
https://brainly.com/question/30066001
#SPJ11
on an income statement, the revenues are more than the expenses this result in cash flow from ------- activities a. investing b. financing c. operating d. marketing
On an income statement, if the revenues are greater than the expenses, it results in cash flow from operating activities. This is because revenues and expenses are part of operating activities, while investing activities deal with investments in long-term assets, and financing activities deal with changes in liabilities and equity.
However, it is worth noting that the income statement is just one part of the cash flow statement. While the income statement records a company's revenues and expenses over a period of time, the cash flow statement reports a company's cash inflows and outflows over the same period. The cash flow statement consists of three sections: operating activities, investing activities, and financing activities.
The cash flow from operating activities shows how much cash a company generates or uses from its core operations, while investing activities show how much cash is used or generated by buying or selling long-term assets. Financing activities show how much cash is used or generated from changes in liabilities and equity.
To know more about income statement refer to:
https://brainly.com/question/15169974
#SPJ11
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
what is IAAS define?
with example.
Answer:
IAAS is a cloud computing service model by means of which computing resources are hosted in a public, private or hybrid cloud.
Explanation:
The full form of IAAS is Infrastructure As A Service.
Answer:
AAS is a cloud computing service model by means of which computing resources are hosted in a public, private or hybrid cloud.
Explanation:
the principal of a mortgage loan is the
a. down payment minus the closing costs minus the purchase price
b. purchase price plus the closing costs minus the down payment
c. down payment plus the closing costs plus the down payment
d. purchase price minus the closing costs minus the down payment
The down payment less the closing charges less the purchase price is the mortgage loan's principle.
What does a mortgage look like in its simplest form?When you enter into a mortgage with a lender, you give the lender the right to seize the property if they are unable to make the loan amount back plus the interest. You might be able to get a mortgage loan that will enable you buy a new house using the worth of the an existing home as security.
Why do individuals use mortgages?Mortgage loans assist people in financing the purchase of real estate by taking a small portion of the property's overall worth as payment. How Do Mortgages Work A mortgage is a loan used to pay for the upkeep of a home, piece of land, or other kinds of rental properties.
To know more about mortgage visit:
https://brainly.com/question/8084409
#SPJ1
You want to buy a new car that costs $30,000, and you put 20% down payment on the purchase and finance the remainder. How much would your monthly payments be if you borrow the money for 5 years from a credit union at 6% annually?
Remember: You have to make the term of the loan and the interest rate monthly values to align with the monthly payment you want to compute)
Answer:
$459.60
Explanation:
To calculate the monthly payments on a car loan, we need to know the loan amount, the term of the loan, and the interest rate.
Here, the car costs $30,000 and you put a 20% down payment, which means you will finance the remaining $24,000.
The term of the loan is 5 years, which means there are 60 months in the loan period.
The interest rate is 6% annually. To align this rate with monthly payments, we need to divide it by 12, which gives us a monthly interest rate of 0.005.
Using the above information, we can calculate the monthly payment using the formula for the monthly payment of a loan:
Monthly Payment = [P * (r * (1+r)^n)] / [(1+r)^n - 1]
Where P is the loan amount, r is the monthly interest rate, and n is the total number of payments.
Plugging in the values, we get:
Monthly Payment = [24000 * (0.005 * (1+0.005)^60)] / [(1+0.005)^60 - 1]
Solving this equation, we get a monthly payment of approximately $459.60.
Therefore, if you borrow $24,000 for 5 years from a credit union at an annual interest rate of 6%, your monthly payments would be $459.60.
Tri-County G&T sells 150,000 MWh per year of electrical power to Boulder at $75 per MWh, has fixed costs of $82.5 million per year, and has variable costs of $25 per MWh. If Tri-County has 1,000,000 MWh of demand from its customers (other than Boulder), what will Tri-County have to charge to break even?
Answer:
Tri-County has to charge $824.59 per MWh to breakeven.
Explanation:
Breakeven Point is the level at which a firm neither makes a profit nor a loss.
Step 1 : Calculate the Total Fixed Costs
If If Tri-County has 1,000,000 MWh of demand from its customers other than Boulder, then the total fixed costs has to be established for the company first as follows :
Unit Cost = Total Existing Fixed Costs ÷ Existing Activity (Boulder)
= $82,500,000 ÷ 150,000 MWh
= $550 per MWh
Fixed costs including the demand from other customers :
Total MWh = 150,000 MWh ( Boulder) + 1,000,000 MWh (Other customers)
= 1,150,000 MWh
Therefore,
Total Fixed Costs = Unit Cost × Total MWh
= $550 × 1,150,000 MWh
= $632,500,000
Step 2 : Calculate the Break even point in dollars
Break Even Point (dollars) = Fixed Costs ÷ Contribution Margin ratio
Where,
Contribution Margin ratio = Contribution ÷ Sales
= Selling Price - Variable Costs ÷ Sales
= ($75 - $25) ÷ $75
= 0.667
Break Even Point (dollars) = $632,500,000 ÷ 0.667
= $948,275,862.10
Step 3 : Calculate the unit selling price to break even
Unit Price = Total Sales ÷ Total Units Sold
= $948,275,862.10 ÷ 1,150,000 MWh
= $824.59 per MWh
Conclusion :
Tri-County has to charge $824.59 per MWh to breakeven
Which statement best describes total task chaining?
A. The steps of the behavior chain are taught one at a time, in the order outlined by the task analysis, starting with step one
B. The client is taught one step at a time beginning with the last step of the behavior chain.
C. All previous steps are complete for the student
D. The client is taught all steps of the behavior chain in order and assistance is provided for any step the client is not able to complete independently
E. The client is taught one step at a time starting with the step that is easiest for the client
the domestic environment is composed of all the uncontrollable forces originatin in the that surround and influence the life and development of the firm
The problem is a true Statement. As domestic environment is composed of all the uncontrollable forces originatin.
What is Domestic environment?
The domestic business environment includes the nation's economy, political system, commercial policies, infrastructure, laws, and rules as well as its culture, traditions, and religious beliefs. Domestic trade is important because it facilitates the exchange of goods within a country.
Therefore,
The domestic environment is composed of all the uncontrollable forces originatin in the that surround and influence the life and development of the firm
The problem is a true Statement. As domestic environment is composed of all the uncontrollable forces originatin.
To learn more about Domestic environment from the given link:
https://brainly.com/question/13221182
#SPJ4
What is the major difference between the unadjusted trial balance and the adjusted trial balance?.
Answer:
1. Adjusted trial balance is used after all the adjustments have been made to the journal while an unadjusted trial balance is used when the entries are not yet considered final in a certain period. 2.An unadjusted trial balance is basically used before all the adjustments will be made.
Explanation:
1. Adjusted trial balance is used after all the adjustments have been made to the journal while an unadjusted trial balance is used when the entries are not yet considered final in a certain period. 2.An unadjusted trial balance is basically used before all the adjustments will be made.
Compare the product life cycle to the business cycle. Include at least one similarity and one difference.
Explanation:
A product life cycle refers to the life of a product in the market, and the processes that it goes through in relation to the business costs, as well as the sales measures. The business life cycle is the progression of a business in phases over time and is most commonly divided into five stages: launch, growth, shake-out, maturity, and decline. One major similarity between the product and project life cycles is that both are comprised of different and several phases or stages. These phases are very vital because they ensure that the requirements of the cycles are provided for and that both the goals and the objectives of the cycles are achieved. For instance, while some of the phases of the product cycle include the growth and maturation stages, those of the project life cycle include the birth and closure phases. The aim of integrating the phases in the life cycles is to ensure that there is proper coordination of the activities that take place in the cycles. The two cycles are closely related to each other. In some cases, a product may consist of more than one project, where the projects act as the subset of the product. This makes it necessary for the bigger product view to be put into consideration when it comes to project management. The product and project life cycles face various challenges which demand the adoption of strategies in the cycle phases, with the aim of ensuring that the cycles give the desired results.
true or false: followers who are content with the status quo are most likely to perceive a need for a charismatic leader or be willing to devote great effort to fundamentally change an organization or society.
False. Followers who are content with the status quo are most likely to perceive a need for a charismatic leader or be willing to devote great effort to fundamentally change an organization or society.
Who is a charismatic leader?The German sociologist Max Weber invented the idea of charismatic authority. It involves a kind of organization or leadership where the leader's charisma confers authority. This contrasts with two other sorts of authority, namely traditional authority and legal authority.
A leader that possesses charismatic leadership is one who has the ability to persuade people by charm, persuasion, and effective communication.
Read more on charismatic leader here: https://brainly.com/question/3169084
#SPJ1
How to calculate momentum?
Answer:
p=mv
Explanation:
the formula for momentum is
p=mv
Answer:
By multiplying mass and velocity
Explanation:
a)Sold goods to Kriti on credit costing Rs. 8,000 for Rs. 10,000.
b)Paid salary in advance Rs. 15,000.
c)Rent outstanding Rs. 2,000.
d)purchased furniture for Rs. 12,000 giving Rs. 4,000 in cash and balance on credit.
e)furniture purchased and paid by cheque rs10,000.
:journal entry.
Answer:
Here are the journal entries for the given transactions:
a) Sold goods to Kriti on credit costing Rs. 8,000 for Rs. 10,000.
Debit: Accounts Receivable (Kriti) 10,000
Credit: Sales Revenue 10,000
Debit: Cost of Goods Sold 8,000
Credit: Inventory 8,000
Copy
b) Paid salary in advance Rs. 15,000.
Debit: Prepaid Salary 15,000
Credit: Cash 15,000
Copy
c) Rent outstanding Rs. 2,000.
Debit: Rent Expense 2,000
Credit: Accrued Rent Payable 2,000
Copy
d) Purchased furniture for Rs. 12,000 giving Rs. 4,000 in cash and balance on credit.
Debit: Furniture 12,000
Credit: Cash 4,000
Credit: Accounts Payable 8,000
Copy
e) Furniture purchased and paid by cheque rs10,000.
Debit: Furniture 10,000
Credit: Cash (or Bank if paid by cheque) 10,000
What is one major difference between income tax and sales tax?
A. Income tax is based on taxable income, while sales tax is based
on gross income.
B. Income tax is regressive, while sales tax is progressive.
C. Income tax is based on gross income, while sales tax is based on
taxable income.
D. Income tax is progressive, while sales tax is regressive.
Answer:
D. Income tax is progressive, while sales tax is regressive.
Explanation:
In a progressive tax system, the percentage of tax imposed increases as the taxable income rises. For income tax, progressive tax means an individual with a low income will be taxed using a lower rate compared to high earners. Progressive tax categorizes incomes into different income brackets depending on the level of income. The tax rate increases as one move from a low-income bracket to a higher one.
A regressive tax system charges a constant rate for everyone. Sales tax is a good example of a regressive tax. The tax on basic items, low-priced items, is at the same rate as expensive or high-end items. It means that low-income earners are taxed the same rate as high-income earners for all items purchased.
When given an Income Statement, Balance Sheet, and Cash Flow Statement, how would you calculate the following in excel:
DuPont Analysis. Break down your company’s Return on Equity, ROE, into the 3-part DuPont Equation for each year. Comment on what factors caused changes in your company’s ROE over the time period.
To calculate the DuPont Analysis and break down a company's Return on Equity (ROE) into the three-part DuPont Equation in Excel, you need to analyze the company's Income Statement, Balance Sheet, and Cash Flow Statement. The three components of the DuPont Equation are Profit Margin, Asset Turnover, and Equity Multiplier. Analyzing changes in each component over time can help identify factors influencing the company's ROE.
To perform DuPont Analysis in Excel, follow these steps:
Retrieve the necessary financial statements, including the Income Statement, Balance Sheet, and Cash Flow Statement, for each year of analysis. Calculate the Profit Margin by dividing Net Income by Total Revenue. This ratio measures how efficiently the company generates profits from its sales.
Calculate the Asset Turnover by dividing Total Revenue by Average Total Assets. This ratio indicates how effectively the company utilizes its assets to generate sales. Calculate the Equity Multiplier by dividing Average Total Assets by Average Shareholders' Equity. This ratio shows the leverage or financial structure of the company.
Calculate the ROE by multiplying the Profit Margin, Asset Turnover, and Equity Multiplier. The formula for ROE is: ROE = Profit Margin x Asset Turnover x Equity Multiplier.
By analyzing changes in each component of the DuPont Equation over time, you can identify factors influencing the company's ROE. For example, an increase in Profit Margin may indicate improved cost management or pricing strategies. An increase in Asset Turnover may suggest increased efficiency in utilizing assets. Changes in the Equity Multiplier can be influenced by factors such as debt financing or stock buybacks.
In conclusion, DuPont Analysis allows for a comprehensive breakdown of a company's ROE by analyzing the Profit Margin, Asset Turnover, and Equity Multiplier. Examining changes in these components over time can provide insights into the factors impacting the company's ROE, including profitability, asset utilization, and financial leverage.
Learn more about DuPont Analysis here:
https://brainly.com/question/30403150
#SPJ11
_________ is a communication standard that enables business partners to exchange routine documents electronically, however _____________________ is a major disadvantage
Answer:EDI
Explanation: I don’t know the second but the first one is 100% EDI
The invention of money by the ________ and the development of trade beginning about 4000 b.c.e. mark the beginning of the modern era of travel
The invention of money by the Sumerian and the development of trade beginning about 4000 B.C.E. mark the beginning of the modern era of travel.
What is Invention?An invention is a special or original process, composition, or gadget. The process of invention is one step in a larger technical and product development process. It could be a new procedure for producing an item or a result, an upgrade to an existing device or product, or both. A radical breakthrough might be an invention that accomplishes an entirely new function or effect. Such works are original and not obvious to those with similar expertise. A huge step toward success or failure could be taken by an invention. A person or thing that invents anything is called an inventor. The Latin verb invenire, which means to find, is where the word "inventor" originates. Even though science and engineering are closely related to invention, not all innovators are scientists or engineers.
Know more about Invention with the help of the given link:
https://brainly.com/question/789084
#SPJ4
You want to receive $600 at the end of each year for 2 years. Interest is 10.2% compounded annually. (a) How much would you have to deposit at the beginning of the 2-year period? (b) How much of what you receive will be interest?
(a) Approximately $1,083.35 would need to be deposited at the beginning of the 2-year period. (b) Around $116.65 of the received amount will be interest.
To calculate the deposit required at the beginning of the 2-year period and the amount of interest received, we can use the formula for the present value of an annuity and the formula for calculating interest.
(a) To determine the deposit required at the beginning of the 2-year period, we need to find the present value of the annuity. The formula for the present value of an annuity is:
PV = C × [1 - (1 + r)^(-n)] / r
Where PV is the present value, C is the cash flow received each period, r is the interest rate, and n is the number of periods.
In this case, C = $600, r = 10.2% = 0.102, and n = 2.
Using the formula:
PV = $600 × [1 - (1 + 0.102)^(-2)] / 0.102
PV = $1,083.35
Therefore, you would need to deposit approximately $1,083.35 at the beginning of the 2-year period.
(b) To calculate the amount of interest received, we can subtract the total amount received from the deposit made. The total amount received is simply the cash flow multiplied by the number of periods:
Total Amount Received = C × n
Total Amount Received = $600 × 2
Total Amount Received = $1,200
Interest = Total Amount Received - Deposit
Interest = $1,200 - $1,083.35
Interest = $116.65
Thus, approximately $116.65 of what you receive will be interest.
To know more about annuity, click here:
brainly.com/question/32931568
#SPJ11
What is the present value of $1,000 to be received in 12 years invested at a rate of 8%? A. $397 B. $837 C. $1,000 D. $1,386 E. $1,586
The present value of $1,000 to be received in 12 years invested at a rate of 8% is $397.
Present value, also known as present discounted value, is the value of an expected income stream determined as of the date of valuation.
To calculate the present value of $1,000 to be received in 12 years invested at a rate of 8%, we can use the formula for present value of a future sum:
Present Value = Future Value (1/ (1 + Interest Rate)^Number of Years)
\(PV = FV (\frac{1}{(1 + r)^12} )\)
Plugging in the values we have:
\(PV = 1000 (\frac{1}{(1 + 0.08)^12} )\)
= \(1000 (\frac{1}{(1.08)^12} )\)
= \(1000 (\frac{1}{2.5182} )\)
= 1000 x 0.3971
= $397.10
Therefore, the present value of $1,000 to be received in 12 years invested at a rate of 8% is approximately $397.
To know more about present value
https://brainly.com/question/17322936
#SPJ4
ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate
Answer:
understanding the interest rate
Explanation:
i took the test
The benefit of a mutual fund for investors is that.
Answer: investing in mutual funds is diversification
Explanation:hope this helps :3 Please mark me brainliest
A couple is going through a divorce. Which of the following phrases represents how both sides want to reach agreement?
Synthesizing Suppose you were told that you would
earn $95,000 in 2020. Explain why this information
would say little about the standard of living you might
enjoy. What other information would you need before
you could evaluate how well you could live in 2020?
Answer:
The nominal earnings is only one side of the story. The thing that matters is what the earnings would be able to buy. Hence, we need to know how the prices are going to change, and what are is the expected inflation. If the inflation is very high, the same nominal money would be able to buy less goods and if the inflation is more, the same nominal money would be able to buy more goods.
Explanation:
The answer is the explanation
Before evaluating how well I could live in 2020, there are several other factors that need to be evaluated.
Evaluation for livingMany things need to be evaluated. These include the rise in price of every thing from food, petrol, and other basic necessities. It is important to note that what our earnings would be able to buy. Earnings will decide how better can we live in 2020.
Standard of livingStandard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area. Standard of living is relevant because it is considered to contribute to an individual's quality of life.
Thus, many things need to be evaluated before deciding how well we are going to live in 2020.
Learn more here- https://brainly.com/question/10629222
#SPJ2
Resources needed to provide goods or services are called
Answer:
Factors of production
Explanation:
because the goods/services need to be produced
I hope this answered your question! Have a nice day! ^ ^
Answer: factors of production
Explanation:
I just took the edg. test
Dominic's seller clients want him to lower his commission rate. what's the best way for him to reply?
To reply to his seller clients who want him to lower his commission rate, Dominic can follow these steps:
Acknowledge the request: Dominic should start by acknowledging the request from his seller clients. He can say something like, "Thank you for bringing up your concerns about my commission rate ."Understand their perspective: Dominic should try to understand why his clients are asking him to lower his commission rate. He can ask questions or have a conversation to gain more insight into their concerns and motivations.
Explain the value he provides: Dominic should emphasize the value he brings to the table as a real estate agent. He can mention his experience, knowledge of the market, negotiation skills, and ability to sell properties quickly and at favorable prices.Discuss the market conditions: Dominic can explain how the current market conditions impact his commission rate. He can mention factors such as supply and demand, competition, and the overall state of the real estate market.
To know more about real estate visit:
https://.brainly.com/question/33883042
#SPJ11
provide an example in which more difficult practice conditions result in better retention and transfer. why does that happen? how could you plan practices to promote these benefits?
One example of how more difficult practice conditions can result in better retention and transfer is in the context of learning a new language.
Research has shown that learners who are exposed to challenging practice conditions, such as having to actively retrieve vocabulary from memory rather than simply reviewing it, are better able to retain and transfer their language skills to new situations.
This happens because more difficult practice conditions engage the learner in deeper processing of the information, leading to more durable and flexible memory representations. In addition, when learners face challenges during practice, they are more likely to identify and correct their mistakes, leading to improved learning outcomes.
To plan practices that promote these benefits, instructors can incorporate activities that involve active retrieval and problem-solving, rather than passive review or repetition. For example, in a language class, instructors could use spaced retrieval practice, in which learners are asked to actively recall vocabulary at increasingly longer intervals. Additionally, instructors can provide feedback that focuses on correcting errors and promoting deeper processing of the material.
To learn more about practice conditions visit;
https://brainly.com/question/25703447
#SPJ4
name the liability under which the private assets minus the private liabilities of a partner are liable to pay the liabilities of the firm
Answer:
Limited Liability
Explanation:
One of the disadvantages of forming a Partnership is the issue of Limited Liability.
Limited Liability means that Partners are liable for the debts of the company to the extent of their investment in a partnership arrangement.
at the start of the period, 7,000 units were in the work-in-process inventory; 5,440 units were in the ending inventory. during the period, 16,625 units were transferred out to the next department. materials and conversion costs are added evenly throughout the production process. fifo costing is used. how many units were started during this period? during may, 231,000 units were completed and transferred out to finished goods inventory. the current cost per equivalent unit for work done in may for conversion costs was $2.10. the conversion costs assigned to units started and completed in may was $378,000. how many physical units were in work-in-process inventory on may 1? materials and conversion costs are added evenly throughout the production process. beginning inventory amounted to 13,000 units. this period, 58,500 units were started and completed. at the end of the period, the 48,500 units in inventory were 50 percent complete. using fifo costing, the equivalent production for the period was 87,000 units. what was the percentage of completion of the beginning inventory? the ending inventory included $38,500 for conversion costs. during the period, 22,900 equivalent units were required to complete the beginning inventory, and 49,000 units were started and completed. the ending inventory represented 5,000 equivalent units of work this period. fifo costing is used. what were the total conversion costs incurred this period?
At the start of the period, 7,000 units were in the work-in-process inventory; 5,440 units were in the ending inventory. During the period, 16,625 units were transferred out to the next department. The number of units started during this period can be calculated by subtracting the beginning inventory (7,000) from the ending inventory (5,440) and adding the units transferred out (16,625). Therefore, the number of units started during this period was 14,165.
During May, 231,000 units were completed and transferred out to finished goods inventory. The current cost per equivalent unit for work done in May for conversion costs was $2.10 and the conversion costs assigned to units started and completed in May was $378,000. On May 1, the number of physical units in work-in-process inventory can be calculated by subtracting the units transferred out from the beginning inventory. Therefore, the number of physical units in work-in-process inventory on May 1 was 13,000 – 231,000 = -218,000.
Beginning inventory amounted to 13,000 units. This period, 58,500 units were started and completed. At the end of the period, the 48,500 units in inventory were 50 percent complete. Using FIFO costing, the equivalent production for the period was 87,000 units. To calculate the percentage of completion of the beginning inventory, divide the number of equivalent units required to complete the beginning inventory (22,900) by the number of equivalent units started and completed during the period (87,000).
Therefore, the percentage of completion of the beginning inventory was 22,900/ 87,000 = 26.2%.
The ending inventory included $38,500 for conversion costs. During the period, 22,900 equivalent units were required to complete the beginning inventory, and 49,000 units were started and completed. The ending inventory represented 5,000 equivalent units of work this period. FIFO costing is used. The total conversion costs incurred this period can be calculated by adding the conversion costs assigned to units started and completed in May ($378,000) and the conversion costs included in the ending inventory ($38,500).
Therefore, the total conversion costs incurred this period was $378,000 + $38,500 = $416,500.
For more such questions on inventory
https://brainly.com/question/25947903
#SPJ11