Answer:
$172.75
Explanation:
Principal amount for the first ten years=$500
($10,000/20)
Interest repayment during the 10th Year=$385
(10,000-(500*9)*7%)
Total payment for Year 10=$885
(500+385)
Total principal amount at Year 10=$5,000
(10,000-(500*10)
Present value of Annuity=Payment per year((1-(1+7%)^-10)/7%)
5,000=Payment per year(7.02)
Payment per year from year 11=712.25
Difference between 10th and 11th payment=$172.75
(885-712.25)
Answer:
D = $28,480
Explanation:
Variable factory overhead = $1.2 * 7900 units = $9480
Budgeted fixed factory overhead = $19000
Total budgeted overhead = $9480 + $19000
= $28,480
Answer:
a. Materials, 100%; labor, 100%; overhead cost, 40%.
Explanation:
The work in Process have already passed the mark at which Materials and Labor are added, that is the start of its production process so these are both 100% complete. Overheads are 40 % complete, which is the extent of work done on them since they occur evenly.
Answer:
Reference the type of opinion issued on the prior years’ financial statements and indicate that the current opinion on these financial statements differs from that expressed in the prior years.
Explanation:
Both businesses and auditing companies change, they are not static and the people that work for them also change.
Maybe something changed about the business's situation and what could have been once considered a correct or appropriate opinion, can longer be considered that way.
Or even if the company's situation has not changed, but the auditing firm or its personnel has changed and no two people have the same opinion over certain financial aspects, nor they should have.
