Andrews corporation uses the weighted-average method of process costing. the following information is available for february in its polishing department: equivalent units of production—direct materials 110,000 eup equivalent units of production—conversion 95,000 eup costs in beginning work in process—direct materials $ 49,000 costs in beginning work in process—conversion $ 36,000 costs incurred in february—direct materials $ 414,000 costs incurred in february—conversion 520,000 the cost per equivalent unit of production for conversion is: $9.26 $4.21 $5.85 $5.05 $4.97

Ronald sees that his employer's stock has grown from $20 a share to $60 a share this year, while most stocks have seen only 5% growth. his employer offers to let him convert a large portion of his salary into stock options. what is not a valid reason to turn down the stock offer? a)stocks with high returns have high volatility, and ronald's company may not grow further. b)ronald may be taxed more for capital gains than he would be for employment income. c)stock options are illiquid, and ronald may not be able to use them to pay for unexpected bills. d)ronald would be committing stock fraud if he exercises the options.