Answer:
$11,940
Explanation:
The computation of the paying amount is shown below:
= Sale value of the equipment - discount charges + freight charges
= $12,000 - $360 + $300
= $11,940
The discount charge is
= Sale value of the equipment × discount rate
= $12,000 × 3%
= $360
We simply deduct the discount and added the freight charges to the sale value of the equipment so that the actual value could arrive
Credit unions are non-profit financial corporations, while banks have a declared earnings paid and stockholders. Have a GREAT day!!!! :)
Answer:
No
Explanation:
In a partnership form of business ownership, a limited partner enjoys limited liability to the debts of the business. Alexandra is named as a limited partner. He should not participate in the day to day management of the business.
Marita is a general partner and is involved in managing business operations. He has unlimited liabilities to the debts of the business. If Marita embezzles investors' funds, Alexandra is only liable to the extent of his capital contribution. His personal properties cannot be attached to business debts. Alexandra can only be liable if he participates in the management of the business. Marita, on the other hand, is fully responsible for business debts.
Answer:
Direct material quantity variance= $15,351 unfavorable
Explanation:
Giving the following information:
Standard quantity per unit of output 4.6 grams
Standard price $ 15.05 per gram
Actual materials used in production 2,400 grams
Actual output 300 units
To calculate the material quantity variance we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (4.6*300 - 2,400)*15.05
Direct material quantity variance= (1,380 - 2,400)*15.05= $15,351 unfavorable
