Answer: It would be vegetables in a can. Like preserved vegetables.
It is the goverment agencies
Answer:
5
Explanation:
Interest earned ratio is a financial ratio used to measure a company's ability to meet its obligations to the providers of the long term debt based on earnings.
It is measured as the earnings before interest and taxes (EBIT) divided by the total interest payable on bonds and other debt.
Earnings before interest and taxes (EBIT) = $1,000,000 + $600,000 + $400,000 = $2,000,000
Farrar Cakes’ times interest earned ratio
= $2,000,000/$400,000
= 5
Answer:
The computations are shown below:
Explanation:
(a) Depletion cost per unit
Depletion cost per unit
= $717,963 ÷ 806,700 tons
= $0.89 per ton
(b) The Journal entry to record depletion expense is
Depletion Expense A/c Dr $ 92,293
(103,700 tons × $0.89)
To To Accumulated Depletion A/c $ 92,293
(Being the depletion expense is recorded)
(c) The cost applicable is
= 16,700 unsold units × $0.89
= $14,863