Answer:
total amount of overhead applied = $265680
Explanation:
given data
Actual direct labor hours = 8200
overhead rate = 32.40 per DLH
to find out
total amount of overhead applied
solution
we will apply here formula for total amount of overhead applied that is
total amount of overhead applied = Actual direct labor hours × overhead rate ..................1
put here value in equation 1 we get
total amount of overhead applied = 8200 × $32.40
total amount of overhead applied = $265680
Answer:
The amount of the additional projected liability that should be recognized is $28,000
Explanation:
For computing the amount of the additional projected liability, we have to apply the formula which is shown below:
= Tax benefit in 20% - Tax benefit in 40%
= $70,000 - $42,000
= $28,000
The other information which is given in the question is irrelevant. So, it is not been considered in the computation part. Hence, it is ignored.
We took the higher value between $42,000 and $14,000.
Answer:
22.50%
Explanation:
Amount of return on asset = Rate of return * Asset value
Amount of return on asset = 15% * $150 million
Amount of return on asset = $22.5 million
Operating profit margin = Amount of return on asset / Sales
Operating profit margin = $22.5 million / $100 million
Operating profit margin = 0.225
Operating profit margin = 22.50%
1. The Party ordered to pay a draft is the <u>drawee</u>
2. Instruction that directs a bank not to pay a check that has been lost or stolen is a <u>stop payment order</u>.
3. Party to whom commercial paper is made available is the <u>payee</u>.
4. Unconditional written order by one person that directs another person to pay money to a third person is a <u>bill of exchange.</u>
5. Type of draft by which a bank depositor orders the bank to pay money, usually to the order of a third party or to the bearer of the instrument is a <u>check</u>.
6. Person who executes or draws the draft and orders payment be made is the <u>drawer</u>.
7. The drawee's promise to pay the draft when due is called <u>acceptance</u>.
8. Unconditional written orders or promises to pay money are called <u>commercial paper.</u>
9. To refuse to pay when due is called <u>dishonor</u>.
10. The person who executes a promissory note is the <u>maker</u>.
Answer:
$0
Explanation:
According to US GAAP the reduction in the value of the asset due to a decrease in the fair value. It means when fair value of the asset is reduced than the book value of the asset.
Amortized Cost / Book value = $50,000
Market Value = $53,000
Discounted Value = $51,000
There is no Impairment loss on this asset as the fair market value is more than the book value of the asset.
