A company's beginning Work in Process inventory consisted of 20,000 units that were 20% complete with respect to direct labor. These beginning units were completed and another 90,000 units were started during the current period. Of those started, 60,000 were finished and the remaining 30,000 were 40% complete at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were:

A) 88,000.
B) 74,000.
C) 76,000.
D) 92,000.
E) 96,000.


C) 76,000.

Business

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Retained earnings represent the source of net assets generated by the earnings process that exceed the firm's dividend declarations. Common practice refers to the process of curtailing dividends to accumulate assets, represented by retained earnings, as _____

a. operating activities b. investing activities c. external financing d. internal financing e. dividend seizure

Business

In which decade did the federal government delegate responsibility for managing block grants to the states?

A. 1960s B. 1970s C. 1980s D. 1990s

Business

Morality plays no part of gambling contract legality

a. True b. False Indicate whether the statement is true or false

Business

The times-interest-earned ratio is also called the short interest ratio

Indicate whether the statement is true or false

Business