Carlos wants Juan and Rita to handle the personality issues themselves. As the company did not make any thought-out change in an

Answer: she ought to review her personal records for any possible errors.

Explanation:

Answer:

15.18%

Explanation:

To calculate the nominal annual rate

The first step is to determine EFF% with this formula

EFF% = [1 + (Nominal rate percentage/Number of months in a year)]^Number of months in a year

Let's substitute into the formula

EFF% = [1 + (15%/12)]^12

EFF% = (1 + 0.0125)^12

EFF% = (1.0125)^12

EFF% = 1.1608 × 100%

EFF% = 116.08%

The second step is to find Rnom for quarterly compounding at 116.08% using this formula

Rnom compounding quarterly = (1 + (R/4))^4

Let's plug into the formula

Rnom compounding quarterly = (116.08%)^(1/4) Rnom compounding quarterly = 1 + R/4

Thus,

Rnom compounding quarterly = 15.18%

Therefore, Anne Lockwood should offer her customers a nominal rate of 15.18% compounded quarterly

Answer:

$78,000

Explanation:

For calculating the cost of the ending work in process

To begin, we will calculate the material cost per unit.

Material cost per unit = $220,000 / (40,000+15,000)

Material cost per unit= $220,000 / 55,000

Material cost per unit= $4

Next is to find the conversion cost per unit

Conversion cost per unit= $414,000 / (40,000 + (15,000*40%)

Conversion cost per unit= $414000 / 46000

Conversion cost per unit= $9

Now, it’s time to calculate the total cost per equivalent unit

Total cost per equivalent unit= $4 + $9

Total cost per equivalent unit= $13

Then, the equivalent unit of the ending work in process

Equivalent unit of the ending work in process= 15,000 × 40%

Equivalent unit of the ending work in process= 6,000

Finally, we calculate the cost of the ending work in process

Cost of the ending work in process = 6,000 × $13

Cost of the ending work in process = $78,000

Thus, the cost of the ending work in process is $78,000