The term ROP for U-Haul means Roll Over Protection which is a service that is offered for rental units of trailers.
Answer: The correct answer is c. increase in Discount on Notes Payable for $2,100.
Explanation: 6% of $35,000 for a year is $2,100. From the facts in the question, the Bank deducted the interest in advance, this means the net cash York Construction Company got was $35,000 - 2,100 = $32,900 but note that this does not change the principal amount obligation the Company is obliged to pay the bank, which remains $35,000. What the Company needs to do is to recognize the $35,000 as Notes Payable (Debit Cash and Credit Notes Payable) and recognize a Discount on Notes Payable of $2100 (Debit Discount on Notes Payable and Credit to Cash). Subsequently, based on the 1-year tenor, the Company would unwind the discount to finance charge / interest expense as $2,100 / 12 = $175 monthly (Debit Interest expense; Credit Discount on Notes Payable).
Answer:
The correct answer is option C. To summarize the main point of the paragraph
Explanation:
A topic sentence is the most important part of a paragraph. The main purpose of a topic sentence is to provide a concise statement that reflects the purpose of the paragraph or the information that is going to be provided in the paragraph effectively.
It is usually the first sentence of a paragraph and becomes the opening statement of a paragraph in formal writings.
I hope the answer is helpful.
Answer:
$664,200
Explanation:
Computation of the given data are as follow:-
Material Overhead = (Machine purchase price ÷ Direct material per ton) × Cost of material handling
= (115,000 ÷ 20) × 80
= $460,000
Set up of Machine = Production overhead =No. of production run × cost of production run
= 8 × $4,000 = $32,000
Quality Control = 12 × $600 = $7,200
Utilities Cost = 11,000 × $15 = $165,000
Work In Process Inventory During April = Material Overhead + Production Overhead + Quality Control + Utilities Cost
= $460,000 + $32,000 + $7,200 + $165,000
=$664,200
Total investment = $19000
Three investments
A. 10% per annum = $X
(Assumed simple interest, since compounding period not known)
B. low risk stock at 2% = (19000-X)/2
C. high risk stock at 40% = (19000-X)/2
Value at the end of one year
10%(X)+2%(19000-X)/2+40%(19000-X)/2 = 22440-19000
Simplify
0.1X+190-0.01X+3800-0.2X=22400-19000
0.11X=3990-3440
X=550/0.11=5000
So investments are $5000 on private company, (19000-5000)/2=7000 on low risk, and 7000 on high-risk.
