An investor is somebody who puts money into an investment with the intention of making a profit, including businesses and mutual funds. a 12.8% increase for General Motors
What is the role of an investor?
A person who invests money in the hopes of making money later on or to gain an advantage is known as an investor (interest). Using the allocated funds, the investor typically buys various kinds of property.
Investors—are they entrepreneurs?
A person who assumes greater than usual financial risk in order to operate a business or make money is referred to as an entrepreneur. A matter of degree is the only distinction between an investor and an entrepreneur. Both utilize real estate as a means of generating revenue, appreciation,
Briefing:
Volatility for a stock =Increase in overall market × Beta for a specific stock
=8% × 1.60
=12.8%
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that part of a property and liability insurance contract that contains information about the property or activity to be insured is called the
The part of a property and liability insurance contract that contains information about the property or activity to be insured is called the declarations.
What is declarations?The front page of a policy including information specific to each insured, such as the named insured, address, policy period, location of the premises, policy limits, and other vital details. The information page is another name for the declarations page.
What does an insurance policy's declarations page contain?
The first page of your vehicle or homes insurance policy are the insurance policy declarations page, commonly referred to as a "dec page." While they both have the same broad function, they differ in the precise information they contain on the insurance policies you have for your home or vehicle(s).
What does your house insurance's declaration page look like?
The insurance provider will provide you with a "Declarations Page" when you buy a homeowners insurance policy, renew your policy, or make any modifications to your coverage. Your coverage types, quantities, and associated costs are listed on the Declarations Page.
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the newly licensed rn has accepted a position in a hospital. what are the logical actions expected of this new employee?
The logical acts required of this new employee are to possess the theoretical knowledge required to perform fundamental patient care and decision-making.
What is a Position?An individual or other organization has a position when they hold (or have sold short) a certain quantity of a security, assets, or piece of property. A trader or trader takes a position when they execute a buy order, which indicates a bullish intent, or when they sell short stocks, which indicates a bearish intent.
What does a position's primary objective entail?By clearly identifying the task to be done in connection with the overall aims of the work unit, an appropriate position description aids the employee in understanding what is expected of them.
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land appraised at $81,000 is purchased by issuing 1,000 shares of $15 par value common stock. the market price of the shares at the time of the exchange, based on active trading in the securities market, is $98 per share. should the land be recorded at $15,000, $81,000, or $98,000? the land should be recorded at $
In light of the posed query According to trade, the property should be registered for 95,000 dollars.
What exactly does stock mean?In general, the ownership documents of any corporation are referred to as stocks. On the other side, a share alludes to a specific company's stock certificate. You become a stakeholder if you own shares of a certain corporation. Description: There are two sorts of stocks: common and preferred.
What are stocks and what kinds are there?Stocks are investments made in publicly traded companies. Common shares or preferred stock are the two major forms of stock that are frequently issued when a corporation sells shares of the company to the general public.
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organizational culture is made up of artifacts and creations, values, and a set of assumptions. describes values that are stated.
The answer to this question is espoused values. These are Values that senior managers of a business convey publicly on its behalf or attribute to the organisation in documents like annual reports.
What are espoused values?Values that a person or organization declares to believe in and want are known as espoused values.
This holds true for both individuals and organizations. The success of every person or business is built on core beliefs.
Many people often evaluate others to determine their true values. To establish a foundation of trust and enduring relationships, people must share their values.
We frequently have a tendency to act according to our feelings and how a certain event affects us, ignoring the principles we claim to uphold.
Anger or any other undesirable habit that goes against our ideals could be the cause. However, we frequently regret our actions after the fact. It's evidence that we are in fact human.
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during an interview, ramon tells a success story about his fundraising abilities, including the information that he obtained three grants for a total of $140,000 in funds for his organization. which part of the star method does this statement relate to?
Ramon discusses his accomplishment in generating money during an interview, mentioning that he was able to secure three grants for a combined $140,000 for his group. This statement refers to the results of the STAR method.
A behavioural-based interview question can be answered in a methodical way using the STAR approach by outlining the precise setting, task, action, and outcome of the scenario one is describing.
Situation: Describe the circumstance you found yourself in or the work you had to complete. One must describe a particular instance or circumstance, not a broad overview of one's past actions. To ensure that the interviewer understands, provide sufficient detail. This circumstance may have occurred in prior employment, while volunteering, or in any other pertinent circumstance.
Task-What was the task you were pursuing?
Action: Keep the attention on one while providing sufficient detail about the steps one did to remedy the matter. What precise actions did one take, and what did one contribute specifically? Be careful when discussing a team or group to avoid describing what one did. Not the actual project one completed. When describing acts, use "I" rather than "we."
Result: Describe how activities turned out, and don't be embarrassed to claim responsibility. What took place? How did everything come to a close? What did one manage to do? What did one discover? Make sure one's response has several affirmative outcomes.
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you are the project manager of a large project. one of your contractors sends you an email requesting to reduce the specification that requires ten tests be conducted down to only eight tests. what should you do first as the project manager?
We should suggest that the contractor provide the sure that participants board a modification request (CCB). This is so that CCB may approve any procedural changes that pertain to the project.
Which notion of a manager fits the bill?A manager is a person who oversees the assignment of resources or the organization of personnel activities within an organization. Therefore, a manager is a person who performs managerial duties. Corporate strategy, judgment call, concern, collaboration, delegating, and multitasking are just a few of the talents that make up management.
What does a manager do?The manager's main responsibility is to coordinate the efforts of all team members and provide the finest outcomes possible to assure the organization's expansion.
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a company is considering a capital investment of $45,000 in new equipment which will improve production and increase cash flows by $15,000 per year for 6 years. the company has a hurdle rate of 10%. the break-even time is approximately: present value of 1 at 10%: period 1: 0.9091; period 2: 0.8264; period 3: 0.7513; period 4: 0.6830; period 5: 0.6209; period 6: 0.5645. multiple choice question. 4.75 years. 3.75 years. 4.00 years. 3.00 years.
The break-even time takes roughly three years, according to the question.
What Does Break even Time Mean?The period of time it requires for an investment to recover its initial cost is known as the "break-even time." The amount is calculated by counting the days until the investment's net cash flows equal its original cost that used a prevent value table. The period of time needed for the discounted cash streams produced by a business to equal its initial cost is known as the break-even point. For instance, if a project's break even point is two years, it will take two years for it to produce $1,000 on a discount basis to pay off its $1,000 beginning cost.
Briefing-Break even time = Initial cash investment / Annual inflow
= $45000 / $15000
= 3 years
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a product assembled of 10 purchased components, where the defective rate of each component is 0.5%, will result in finished product quality of
Considering that each component has a 0.5% fault rate, the final output will have a quality rating of 95.11 percent.
Why is product quality so important?
No matter how pricey a product is, customers always come back when it's good. A top-notch product encourages unwavering customer loyalty, which boosts leads. Once they find a company they can trust, customers tend to come back, make more purchases, and recommend their goods or services to others.
What is a good example of a product?
Free refreshments on flights, perpetual press and cotton cycles in washing machines, and automatic tuners on color televisions are a few examples. It might be challenging to make a clear distinction between primary and secondary product attributes, such as performance and features.
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When choosing a marketing channel or intermediary, it is important to ask several key questions, including which of these?
A marketing channel or intermediary, it is important to ask several key questions, including which of these:
1. What are the reach and demographics of the channel/intermediary?
2. How will my target audience use this channel/intermediary?
3. What type of content performs best on this channel/intermediary?
4. What are the costs associated with using the channel/intermediary?
5. What resources do I need to manage the channel/intermediary?
6. What are the expected return on investment (ROI) from this channel/intermediary?
7. What type of data and insights can I expect from this channel/intermediary?
8. Are there any restrictions associated with the channel/intermediary?
9. What are the current trends related to this channel/intermediary?
10. What are the advantages and disadvantages of this channel/intermediary?
Marketing channels are the different paths that goods and services must travel before they reach the consumer. These paths involve the movement of goods and services from their point of origin to their point of consumption. They are the means by which companies move their products from the production process to the consumer. Marketing channels can take many forms, including direct marketing, retail, or wholesale. The type of channel chosen will depend on the product or service being offered, the target market, and the company’s marketing objectives.
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you purchase a home for $200,000 that you expect to appreciate 6% in value on an annual basis. how much will the home be worth in ten years?
The home be worth in ten years is $358,169.53.
What is meant by future value?The worth of an asset at a future date is its future value. It is the present value multiplied by the accumulation function, and it represents the nominal amount of money that a particular amount of money will be "worth" at a certain point in the future under the assumption of a specific interest rate.The formula for future value (FV), in its simplest version, is FV= PV*(1+i)n, where "PV" stands for present value, I for interest rate, and "n" for the number of time periods.For instance, if you deposit $1,000 today at a 2% annual interest rate, it will be worth $1,020 in a year. Its future worth is thus $1,020.Given data :
Present value(PV) is $200,000Interest rate(r) is 6%Number of years(N) is 10yearsThe formula for finding future value is
FV = PV(1+r)^n
= $200,000(1+0.06)^10
= $200,000(1.06)^10
= $200,000 x 1.790847697
= $358,165.53
Alternatively;
Lets use a financial calculator
N = 10; I/Y = 6; PV = -200,000; PMT=0; CPT FV= $358,169.53
NOTE: The difference in final value result is due to the rounding off of decimal point.
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assume that great britain and the united states can both produce wheat (w) and cloth (c). the amount of wheat and cloth that each nation can produce in one day is presented in the table below. comparative advantage wheat cloth great britain 40 70 united states 150 90 instructions: round your answers to two decimal places. a. use the information above to compute the opportunity cost of producing 1 unit of wheat in each country. for great britain, the opportunity cost of producing 1 unit of wheat is unit(s) of cloth. for the united states, the opportunity cost of producing 1 unit of wheat is unit(s) of cloth. b. which country has the comparative advantage in producing wheat? (click to select) c. use the information above to compute the opportunity cost of producing 1 unit of cloth in each country. for great britain, the opportunity cost of producing 1 unit of cloth is unit(s) of wheat. for the united states, the opportunity cost of producing 1 unit of cloth is unit(s) of wheat. d. which country has the comparative advantage in producing cloth? (click to select)
Amount of wheat and cloth that each nation can produce in one day is provided, then
a) Wheat production in units of cloths :
In Britain : 1 wheat = 1.75 cloth
In U.S : 1 wheat = 0.60 cloth
b) United States has the comparative advantage in producing wheat.
c) Cloth production in units of wheats :
In Britain : 1 cloth = 0.57 wheat
In U.S : 1 cloth = 1.66 wheat
d) Great Britain has the comparative advantage in producing cloth.
Assume that great britain and the united states can both produce wheat (w) and cloth (c).
One day production table for each country :
wheat. Cloth
Britan 40 70
United States 150 90
a) Britain:
40 wheat = 70 cloth
So, 1 wheat = 70/40 = 1.75cloth
So, opportunity cost to produce 1 unit wheat is
1.75 unit cloths.
United States :
150 wheat = 90 cloths
So, 1 wheat = 90/150 = 0.60 cloth
So, opportunity cost to produce 1 unit wheat is
0.60 unit cloths.
b) U.S has comparative advantage in producing
wheat since it has lower opportunity cost.
c) Britain:
1 cloth = 40/70 = 0.57 wheat
US:
1 cloth = 150/90 = 1.66 wheat
d) Britain has comparative advantage in producing cloth since it has opportunity cost lower.
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income tax collections: a. rise during periods of prosperity, thus reduce federal budget deficits. b. fall during periods of prosperity, thus increase federal budget deficits. c. rise during recessions, thus increase the problem of unemployment. d. fall during recessions, thus increase the problem of unemployment.
The correct answer is option a, hence rise during periods of prosperity, thus reducing federal budget deficits.
What is the meaning of income tax?Every individual that works and even companies are subject to income taxes. The foundation for calculating individual income tax is the income received.
Now, when government expenditure exceeds its income, which includes taxes, fees, and investment returns, there is a federal budget deficit. The national or federal government debt increases as a result of deficits.
Since the burden is presumably on the persons who pay it, it is typically categorized as a direct tax. Net earnings, which are calculated as the difference between receipts and authorized expenses, are subject to corporate income tax.
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owner's equity is question 35 options: a. capital injected by owner in the business. b. capital invested by family members that are also partners c. capital borrowed from family members that are not partners in the business d. capital borrowed from a financing institution. both a
Option A is correct due to the fact capital injection is an investment of capital into a project, corporation, or investment, frequently as cash, fairness, or responsibility.
Owner's equity is the all-out well-worth of a business enterprise's belongings which have a place with a proprietor once the liabilities had been settled. proprietor's equity is and huge concept to be one of the 3 precept parts of an agency's finances, as it's far more important for the bookkeeping condition: proprietor's fairness = assets - Liabilities. This situation is most regularly linked with sole agents. all the more via and massive, it's far the monetary possession of the enterprise*.
The above statement is not false because This sales goal is appropriate to all businesses that sell actual items or administrations. we can set an amount for our sales group to accomplish inside a timeline. The Goals of a Business. The basic role of a business is to boost benefits for its proprietors or partners while keeping up corporate social duty.
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if the real interest rate is 11 percent and the price level is falling at a rate of 6 percent, what is the nomin
If the real interest rate is 11 percent and the price level is falling at a rate of 6 percent, the nominal interest rate is 17 percent.
The nominal interest rate is the interest rate that is quoted or advertised, while the real interest rate is the nominal interest rate adjusted for inflation. The real interest rate reflects the purchasing power of money, while the nominal interest rate reflects the face value of money.
To find the nominal interest rate, you can use the following formula:
Nominal interest rate = Real interest rate + Inflation rate
Plugging in the values from the question, we can calculate the nominal interest rate as follows:
Nominal interest rate = 11% + 6% = 17%
So, in this case, the nominal interest rate is 17%. This means that the interest rate quoted or advertised by the lender is 17%.
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john plans to fund his individual retirement account (ira) with the maximum contribution of $2,000 at the end of each year for the next 20 years. if he can earn 12 percent on his contributions, how much will he have at the end of the twentieth year?
John plans to fund his IRA (Individual Retirement Account) with contributions of up to $2,000 at the end of each year for the next 20 years. If he can earn his 12% of dues, he'll have $144,105 by the end of 2020.
What is an Individual Retirement Account?An Individual Retirement Account (IRA) allows you to save money that can be used to defer taxes when you retire. An IRA is an account opened with a financial institution that allows for tax-exempt growth or retirement savings on a tax-deferred basis.
What is the difference between a personal account and an IRA?Investors typically use brokerage accounts for day trading, long-term investments, and saving for short-term financial goals such as buying a house or car. In the meantime, the IRA offers investors a tax deferral method for retirement savings. Having both types of accounts can be a smart financial move.
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same question, 100 million in new reserves, but now there is a reserve requirement of 20%. how many loans? how much new money supply?
Same question, 100 million in new reserves, but now there is a reserve requirement of 20%. Total money supply is 800 million.
Here now for question 4 total reserve is = 200million
And the reserve requirements is = 20% or 0.20
Than required reserve in money is = 200 mill × 0.20
Required reserve = 40 million
Left money for loan = 200 milli - 40 million
Left money for loan = 160 million
Money supply/ Multipler = 1/ required reserve
Money supply = 1/0.20
Money supply/ Multipler = 5 times
Total money supply will be = 5× 160million
Total money supply = 800 million
What makes it a bank?Whenever Italian merchants inside the Renaissance formed agreements to lend and lend money next to a bench, the term bank is derived from the Italian word banco, which means bench. Then set your coins upon the bench. Simple financial documents have been around since the beginning of time.
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which insurance is the older type of managed healthcare system that takes both the financial risks associated with providing medical services?
Fee-for-service (FFS) insurance is the more traditional form of managed healthcare that bears both the financial risks related to providing medical services.
What is meant by Fee-for-service insurance?Fee-for-service Unlike receiving a fixed payment for a specific patient or group of patients, the traditional insurance model of payment for healthcare professionals is based on the services they offer.
For each service, such as a doctor's visit or a laboratory test, the insurance provider is compensated under this model by paying a charge to the healthcare provider. The insurance company reimburses the provider for all expenses related to rendering the service, and the provider is paid a fee for each task completed.
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based on the concentration ratio, which industry is the most competitive? a. industry b b. industry d c. industry a d. industry c
The concept is simple if the marketplace share data is precise and readily available. It explains the level of competition in the marketplace and the positioning of the businesses operating in a given sector.
Why do you use the term "industry"?industry: a collection of profitable businesses or organizations that create or provide products, services, or income sources. The four main categories of industries in economics are primary, second, tertiary, & quaternary; secondary enterprises are further divided into heavy and light categories.
What kind of industry would that be?Industries are frequently divided into categories based on the goods and services they provide. For instance, all producers who create and sell pizza on the market are included in the pizza industry. It's crucial to understand that for a
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Supply chain management is a key means of differentiation for a firm and a critical component in marketing and corporate strategy.
a. True
b. False
The claim that management of supply chains is a crucial element of marketing and management consulting and a major way for a company to differentiate itself from the competition is correct.
Supply chain management: What is it?At its most basic level, management of supply chains (SCM) is the control of the movement of materials, information, and money associated with a good or service from the acquisition of materials to the shipment of the good at the final location.
Has the supply chain a future?Future distribution channels will have to be far more dynamic in order to forecast, plan for, and react to a quickly changing demand as well as a constantly shifting product and variation. In other words, distribution channels will need to adapt.
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sandor wants to go into the business of construction contracting. among the reasons that might convince sandor to set up his business as a sole proprietorship would be
Due to its greater flexibility, Sandor might decide to structure his business as a sole proprietorship.
How do you define sole proprietorship?A person who runs an unincorporated business alone is known as a sole proprietor. However, if you want to classify a household limited liability company (LLC) as a corporation and you are the only member, you are not a sole owner.
What does proprietorship serve as?The key advantages of a sole proprietorship are indeed the pass-through tax benefit, the simplicity of formation, and the minimal startup and ongoing costs. You don't have to complete a ton of paperwork for a sole proprietorship, such as state registration forms.
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What is the monthly interest payment for an
account with a balance of $120.00 and an A.P.R.
of 10%?
A. $12.00
C. $10.00
B. $1.00
D. $4.00
Answer:
B. $1.00
Explanation:
Here,
=10% of $120
=$12
Then,
or, 1 year = 12 months
or, 12 months = $12
1 month = $1
So, the monthly interest payment for an
account with a balance of $120.00 and an A.P.R. of 10% is option b, $1.
martinez corporation reported net sales of $777,000, net income of $130,000, and total assets of $7,754,184. the profit margin is:
The profit margin is 598.0%. The profit margin is calculated by dividing a company's profit (sales minus all expenses) by its revenue. The profit margin ratio compares profit to sales and indicates .
How well the company manages its finances in general. It is always given as a percentage. Profit margins are often expressed as percentages. A profit margin of 60%, for example, means that a company profits $0.60 for every dollar of revenue generated. Profit margins can be positive or negative, and businesses with negative profit margins can still exist. It is given as a percentage. So, if the ratio is 25%, the company's gross profit margin is 25 cents on the dollar in sales.
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consider a highway that everyone has access to. assume this highway is congested and, hence, every time a driver gets on the highway, it reduces the utility of the highway for the next driver. what kind of good is the congested highway? club good. public good. common resource. private good.
According to the question, a congested highway seems to be a type of club good.
How are Club Goods operated?Club goods are one subgroup of public goods that possess the property of non-rivalrousness, one of the two basic features of public goods. In economics, club goods also are occasionally referred to as scarce or artificially scarce products. Club items include things like cable tv, cinemas, wireless internet, toll roads, etc. Club goods are typically offered by what are called as natural monopolies and have nearly zero marginal costs. Club merchandise also has a fake scarcity.
What four different types of goods are there?The four product categories are public goods, private goods, common resources, and club goods depending on rival in consumption & excludability.
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a pareto diagram a. shows causes and effects of quality problems. b. shows the prevalence of the various types of defects that have been found. c. is not useful when first studying a quality problem. d. has both upper and lower specification limits.
The frequency of the different sorts of flaws that have been discovered is represented in a Pareto diagram.
What is the aim of a Pareto diagram?Data's sorted frequency analysis are displayed in Pareto charts.
These charts are frequently used to determine the initial areas of process improvement to concentrate on. The values for the various levels of a nominal or categorical variable are displayed in Pareto charts in an orderly manner.
What are some examples of a Pareto diagram?A graphical representation is a Pareto chart. The bars are ordered with the longest on the left as well as the shortest to a right. The widths of the bars signify frequency and cost (money or time), respectively.
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which financial statement would you look at to determine whether a company will be able to pay for the goods when payment is due in 30 days?
The correct answer is Income Statement. A corporation can create either a single-step income statement or a multi-step income statement, two different sorts of income statements.
Businesses might prepare the income statement in one of two ways. To start, you can create your income statement using the one-step method. An income statement displays the revenues, costs, and profitability of a business over time.
It is also sometimes referred to as an income statement or a profit-and-loss (P&L) statement. It displays your sales revenue for goods and services. expenses for running your firm and generating money.
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a company issued 140 shares of $100 par value common stock for $16,600 cash. the total amount of paid-in capital in excess of par is:
the total amount of paid-in capital in excess of par is $2600.
Capital in excess of par is the amount paid by investors to a company for its stock, in excess of the par value of the stock. Par value, which is typically displayed on the face of the stock certificate, is the legal capital per share.
Number of shares issued x Par value per share equals the par value of the common stock.
= 140 x 100
= $14,000
$16,600 is the cash received from the sale of shares.
Cash received from the issuance of shares - the par value of common stock = paid-in capital in excess of par.
= 16,600-14,000
= $2,600
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on january 1, 2020, hammons company signed a five-year noncancelable lease for equipment. hammons was required to make annual payments of $150,000 at the beginning of each year with the title passing to hammons at the end of the lease. hammons appropriately accounts for this lease transaction as a finance lease. hammons uses the straight-line method of amortization for all of its leased assets, and the leased equipment has an estimated useful life of 7 years with no salvage value. if the lease payments were determined to have a present value of $625,479 at an effective interest rate of 10%, what should hammons record as interest expense in 2021?
$47,548 Hammons will record as interest expense in 2021. Hammons will pay $150,000 at the beginning of 2020 and accumulate interest on the remaining balance of the lease during 2020.
Therefore, the interest expense will be ($625,479 - $150,000) x 10% = $47,548.
The fee incurred by a business for borrowed cash is known as an interest expenditure. A non-operating item that appears on the income statement is interest expense. It stands for the interest due on all borrowings, including bonds, loans, convertible debt, and credit lines. In essence, it is determined by multiplying the interest rate by the debt's outstanding principal. Instead of the amount of interest paid over the reporting period, interest expense on the income statement shows interest accrued during that time. While interest costs are tax deductible for businesses, they may not be in the case of an individual, depending on their jurisdiction and the purpose of the loan.
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a firm requires an investment of $20,000 and will return $26,500 after one year. if the firm borrows $6000 at 7%, what is the return on levered equity? group of answer choices 35% 43% 52% 61%
After all the required adjustments, the return on levered equity is 43.42%. Hence, Option B is correct.
Investments are assets that are bought or invested in to increase wealth and set aside cash from hard-earned income or appreciation. The main purpose of an investment is to create an additional source of income or to generate a profit over a certain amount of time.
Investment is the commitment of funds toward the acquisition of an asset with the goal of achieving a growth in value over time. There are many different investment products available to investors, each with advantages and disadvantages of their own.
Calculation for portion of the investment that is financed by equity is:
20,000 - 6,000 = $14,000
Calculation for return on investment net of interest rate is:
26,500 - 20,000 - (6,000 × 7%) = $6,080
Calculation for the return on levered equity is:
6080 / 14000 = 43.42%.
Therefore, Option B is correct.
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he decision about approval and justification of new technologies would fall into which one of the five major it decision categories?
Option (e) is Correct. New technology clearance and justification decisions would fall under the areas of IT investment and prioritizing decisions.
Federal: The center and the business units coordinated IT decision-making. IT duopoly: Decisions about IT are made jointly by IT executives and another group (such as senior executives or business units). Similar to the federal government of the United States, federal IT offers great centralization. In this kind of business administration, IT maintains central control over the majority of its IT infrastructure. This architecture for IT governance complies with COSO controls.
Stakeholder boards, senior leadership teams, project working groups, and project oversight committees are some frequent names for project steering committees. They manage projects from beginning to end and offer direction and support all the way through the project lifetime. C-level executives are often regarded as the most powerful and influential people within an organization; as a result, they determine the company's strategy, make crucial choices, and make sure that daily operations are in line with achieving the company's strategic goals.
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Correct Question:
The decision about approval and justification of new technologies would fall into which one of the five major IT decision categories?
a) IT principles
b) IT architecture
c) IT infrastructure
d) Business application needs
e) IT investment and prioritization
for the current period, jones started 15,000 units and completed 10,000 units, leaving 5,000 units in process 30 percent complete. how many equivalent units of production did jones have for the period? a. 10,000 b. 11,500 c. 13,500 d. 15,000
There are 11,500 equivalent units of production did jones have for the period.
What is equivalent units of production?Equivalent units of production are used to measure the amount of work done on partially completed units of inventory. The calculation of equivalent units of production is based on how much of the production process is complete for each unit in inventory. It is calculated by dividing the total number of completed units by the total number of partially completed units. The result is the equivalent units of production. For example, if a company has 5,000 units of inventory with 3,000 completed and 2,000 partially completed, the equivalent units of production would be 5,000 divided by 2,000, which equals 2.5. This means that each partially completed unit is the equivalent of 2.5 completed units.To learn more about equivalent units refer to:
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