Answer:
The correct answer is (A)
Explanation:
Managers are frequently called upon to make decisions. Making a decision is critically important for the success of a business; that is why it is crucial to evaluate the choices in detail. Examining the pro and cons of a decision leads towards a better conclusion. Decision-making process involves various steps, such as identifying, gathering information, choosing from alternatives, implementing the decision, and lastly to analyse the results.
Answer:
b. $23,350
Explanation:
The computation of final balance in fatal work-in-process inventory is presented with the help of spreadsheet as attached below:-
The formula is presented below:-
Amount of Over-allocated Overheads = Percentage of overhead applied × Over-allocated Overheads
Account Balance after = Account Balance before - Amount of Over-allocated Overheads
Therefore the correct answer is b. that is $23,350
Answer:
d. Credit to lease receivable of $35,259
Explanation:
Date General Journal Debit Credit
Cash $45,000
Lease receivable $35,259
($45000 - $9741)
Interest expense $9,741
[($239826-$45000)*5%]
Answer:
Amount $55,386.92
Explanation:
We solve for the outstanding amount after July 1998 payment and then future value until Jan 1st 2005:
Beginning Payment Interest Carrying value
1995 40000 4000 44000
1996 44000 -5000 3900 42900
1997 42900 -5000 4290 42190
1998 42190 -5000 2109.5 39299.5
1998 39299.5 -10000 1964.975 31264.475
Now, we calculate the future value from Jan 1999 to Jan 2005:
Principal 31,264.48
time 6.00
rate 0.10000
Amount 55,386.92