The following data is available for Donaldson Corp. for the current year:Beginning inventory of Work in Process12,000 units, 60% completedEnding inventory of Work in Process18,000 units, 30% completedUnits completed and transferred to finished goods during the year144,000 unitsCalculate the equivalent units of production for the year using the weighted average method.
What will be an ideal response?
| ? | Physical Units | % of Work Performed | Equivalent Units |
| Completed and Transferred Out | 144,000 | 100% | 144,000 |
| Ending Work in Process | 18,000 | 30% | 5,400 |
| Total | 162,000 | ? | 149,400 |
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Accelerated Logistics provides the following information:
What is the company's profit margin ratio? (Round your answer to two decimal places.)
A) 14.29%
B) 10.71%
C) 75.00%
D) 27.90%
Downsizing might result in a(n)
a. reduction in workforce. b. restructuring of processes. c. elimination of noncore businesses. d. all of the above.
In the EPQ model, the maximum inventory level is given by ______.
A. Q – (Q/d) x p B. Q – (Q/p) x d C. Q + (Q/p) x d B. Q + (Q/p) x p
On December 1, Victoria Company signed a 90-day, 6% note payable, with a face value of $15,000. Assuming the company does not prepare reversing entries, what is the journal entry to record the repayment of the note on March 1?
A. Debit Notes Payable, $15,000; Debit Interest Expense, $225; Credit Cash, $15,225. B. Debit Notes Payable, $15,000; Debit Interest Expense, $150; Debit Interest Payable, $75; Credit Cash, $15,225. C. Debit Notes Payable, $15,000; Credit Cash, $15,000. D. Debit Notes Payable, $15,075; Debit Interest Expense, $150; Credit Cash, $15,225. E. Debit Notes Payable, $15,225; Credit Cash, $15,225.