Stock bought on margin considered a risky investment because investors purchased the stocks with little cash down; if the price dropped the investor had to repay the loan. In investment the higher the risk the higher the return, it will be beneficial for the investors but more risky.
Explanation:
The journal entry to close the books is
Cost of Goods sold A/c Dr $1,200
To Manufacturing Overhead A/c $1,200
(Being the under-applied overhead is recorded)
Since the jobs were undercosted, that means the overhead is applied under overhead so we debited the cost of goods sold account and credited the manufacturing overhead account. Both the items are recorded for $1,200
Answer:
$3,449.33
Explanation:
Data given in the question
Earning per hour = $12.00
Number of hours work in each week = 38
Matilda earning amount bi-weekly = $680
So by considering the above information, the combined monthly qualifying income is
= Earning per hour × Number of hours work in each week × total number of weeks in a year ÷ total number of months in a year + Matilda earning amount × biweekly basis
= $12 × 38 hours × 52 weeks ÷ 12 months + $680 × 26 weeks ÷ 12 months
= $1,976 + $1,473.33
= $3,449.33
Answer:
Explanation:
generally as the price of a product increases
