Answer:
The owner's equity at the end of the year results to $64,400
Explanation:
We are able to calculate this through simple addition and subtraction
First we must view how much was payed through tax
t = 4,200 - 3,200 = 1,000
58,900 - 1,000 = 57,900
Than, due to the repurchase of $6,500 of stock, we must include this within our final equation
57,900 + 6,500 = 64,400
Hope this helps
Answer:
Consultation
Explanation:
Consultation is asking someone else to recommend enhancements or help . consultation is the second most basic strategy. People who utilise this strategy regularly were bound to be evaluated exceptionally successful. consultation is best used when others have data and experience you don't and when you are willing and ready to follow up on the thoughts and recommendations of others.
Answer:
c. 11.1%
Explanation:
The formula to compute the implied rate is shown below:
Future Value = Present Value × (1 + Interest rate)
$20,000 = $18,000 × (1 + Interest rate)
$20,000 = $18,000 × (1 + Interest rate)
So, (1 + Interest rate) = 1.1111
So, the interest rate is
= 1.1111 - 1
= 0.1111 or 11.1%
We simply applied the above formula to determine the implied rate on this loan
Answer: D. underapplied overhead of $6,000.
Explanation:
First we find the Pre-determined overhead rate and we can see that the company estimated manufacturing overhead would be $150,000 and direct labour hours would be 10,000.
So the Pre-determined rate is,
= 150,000/10,000
= $15 per direct labour hour.
We then calculate the actual Applied Overhead. The actual direct labour was 12,000 so calculating we have,
= 15 * 12,000
= $180,000
Now we then calculate for the Underapplied or (Overapplied) manufacturing overhead amount.
The formula is,
Underapplied (Overapplied) Manufacturing = Actual Manufacturing Overhead - Applied Manufacturing Overhead
Underapplied (Overapplied) = 186,000 - 180,000
= $6,000
It is a positive number so it is $6,000 underapplied therefore option D is correct.