Answer:
A) Allowance method of accounting bad debts
Explanation:
Based on the allowance method, the bad debts should be calculated on either credit sales i.e. income statement method or receivable aging method i.e. balance sheet method. Also, the account receivable should be recognized at net realizable value
Therefore the allowance method of accounting bad debts is an answer
Answer:
the cash and cash equivalents is $15,800
Explanation:
The computation of the cash and cash equivalents is given below:
= Cash deposit + U.S. Treasury bill due in 1 month + currency and coins
= $7,000 + $7,000 + $1,800
= $15,800
hence, the cash and cash equivalents is $15,800
The same is to be considered and relevant
Answer: $33,280
Explanation:
With FIFO, materials cost is added at the beginning.
Cost per unit of materials in production:
= 15,000 / 10,000
= $1.50
Cost per unit of conversion:
= 25,000 / Equivalent unit of production for conversion
Equivalent unit of production for conversion:
2,000 units were not transferred at the end of the month seeing as only 8,000 units were:
= 8,000 + (2,000 * 70%)
= 9,400 units
= 25,000 / 9,400
= $2.66
Amount transferred:
= 8,000 units * (Material cost + Conversion cost)
= 8,000 * (1.50 + 2.66)
= $33,280
Answer:
<h3> I DIDN'T UNDERSTAND IS IT FUN FACT OR A YOU'RE TRYING TO ASK</h3><h3>QUESTION ? </h3>
Answer:
13.47%
Explanation:
yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
7.07% = {coupon + [($2,000 - $1,897.26)/34]} / [($2,000 + $1,897.26)/2]
7.07% = (coupon + $3.0218) / $1,948.63
coupon + $3.0218 = $1,948.63 x 7.07% = $137.7681
coupon = $137.7681 - $3.0218 = $134.7463
semiannual coupon rate = $134.7463 / $2,000 = 0.06737 x 2 = 0.1347 ≈ 13.47%
