Answer:
Actual price= $1.6 per unit
Actual price= $3.2 per set
Explanation:
<u>To calculate the actual price, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
400= (1.8 - actual price)*2,000
400= 3,600 - 2,000actual price
2,000actual price = 3,200
actual price= $1.6 per unit
Answer: b. 3 years
Explanation:
Based on the future value of $3,246 and the annual payment of $1,000, one can guess that the number of payments (years) till the future value is reached will be 3 years.
Plug 3 years in to find out if you are right;
= Annuity * (( (1 + r)^n - 1) / r)
= 1,000 * (( ( 1 + 8%)³ - 1) / 8%)
= $3,246
<em>Answer is proven to be 3 years. </em>
Answer:
The share of each partner at end of the liquidation is: 63,250.00
For Journal entries see attached file
Explanation:
The share of each partner at end of the liquidation is calculated as follows:
Liquidation balance = Asset – Liabilities + Net gain for Discontinued Operations
Liquidation balance = 134,000.00 – 15,500.00 + 8,000.00
Liquidation balance = 126,500.00
As Rex and Jack share all profits and losses equally, 63,250.00 correspond to each one.
maximum amount that a consumer is willing to pay for the slice.
Answer:
Amount realized $6,453
Explanation:
The computation of the amount realized by Casey in the exchange is shown below:
Fair market value of the stock received $5,100
add: cash in transaction that qualifies for deferral under section 351 $835
Add: assumed mortgage $1,065
Less: selling expense -$547
Amount realized $6,453