Answer:
A.$13,000
Explanation:
The computation of ending balance is shown below:-
Factory overhead = $24,000 × 50%
= $12,000
Total cost = Direct material + Direct labor + Factory overhead + Current period cost + Opening work in progress
= $76,000 + $24,000 + $12,000 + $10,000
= $122,000
Ending work in progress = Total cost - Cost of units transferred
= $122,000 - $109,000
= $13,000
Answer:
d. Debit advertising expense $350, credit accounts payable $350
Explanation:
The advertising expense should be recognized when the economic event occurs, in this case recibing the bill, independently of its payment. This is done with a debit because expenses increase by debits. The credit account is a liability: account payable, which represents an increased on liabilities.
Let:
x = amount in the account invested in 2.5%
20000 - x = amount in the account invested in 3%
Solution:
.025x + .03 (20000 - x) = 540
.025x + 600 - .03x = 540
-.005x + 600 = 540
-.005x = 540 - 600
-.005x = -60
x = 12000
Therefore, that person invests 12,000 at 2.5%
and
20,000 - 12,000 = 8,000 at 3%
Answer:
Under north Carolina's laws, the developer must refund the buyer's money within a 30 day period since the purchase date. North Carolina law also sets a deadline of 5 calendar days to cancel a timeshare contract, so this buyer barely made it on time. A buyer cannot waive his right to cancellation, even if the option is not included in the contract.
Answer:
C
Explanation:
They sell shares at a price to investors. They then use these funds to help grow their business and in turn pay dividends to shareholders
