Morton Industries is a manufacturing company that uses proce…

Morton Industries is a manufacturing company that uses process costing. In the first processing department, direct materials are added at the beginning of the manufacturing process and conversion costs are incurred evenly throughout the manufacturing process. During the month of March, the first processing department completed and transferred out 35,000 units and the total equivalent units of production was 50,000 for direct materials and 44,000 for conversion costs. What is the percentage of completion with respect to conversion costs for the units in the first processing department’s ending work in process inventory on March 31? Round to the nearest whole number and do not enter a percent sign or a decimal point (e.g., enter 89, not 89.0% or 0.89).

On January 26, David purchased 100 shares of GME on margin a…

On January 26, David purchased 100 shares of GME on margin at $90 per share, using an initial margin of 50%. His rate of return would be ______% if he sold the stock at $ per share the same day? (Please round your answer to the nearest first decimal place, and note that a return of 0.125 should be expressed as 12.5%.)