Which of the following statements is correct? a. the federal funds rate is the rate banks charge their most creditworthy customers. b. the prime rate involves longer, more risky loans than the federal funds rate. c. the discount rate is the rate banks charge one another on overnight loans. d. the federal funds rate is derived based on the prime rate.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.