Penny, inc. employs a process costing system. direct materials are added at the beginning of the process. here is information about july's activities: on july 1: beginning inventories 850 units, 60% completedirect materials cost $5,000conversion costs $4,000during july: number of units started 15,000direct materials added $155,000conversion costs added $83,520on july 31: ending inventories 1,600 units, 40% completeusing the fifo method, the cost per equivalent unit for materials used during july was $10.78 $10.33 $9.78 $10.65

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u. s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.