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4 years ago

5

You are going into business with 4 equal partners (not counting yourself). If in 6 years, the business is making a profit of $1,

000,000, what is your share?
A. $180,000
B. $190,000
C. $200,000
D. $210,000

1 answer:

GarryVolchara [31]4 years ago

3 0

I think ty best answer would be b.

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Answer:

Dr Cash $3,100,000

Cr Bonds payable $3,100,000

Explanation:

Since the bonds were issued at face value of $1000 each,the cash proceeds received from the entire issue of 3,100 bonds can be computed thus:

Cash proceeds=$1000*3,100=$3,100,000

The cash proceeds imply that cash inflows have increased by $3,100,000, as a result cash account should be debited with $3,100,00o while the same amount is credited to bonds payable since an increase in debt obligation should be a credit entry.

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3 years ago

Sheridan Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled

klemol [59]

Answer: $3.40

Explanation:

Based on the information given in the question, the materials cost per unit will be calculated thus:

First, we'll calculate the completed units which will be:

= 18500 - 1400

= 17100

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Equivalent Production Unit with respect to Material = (17100 x 100%) + (1400 x 100%)

= 18500 Units

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= Total Material Cost / Equivalent Production Unit

= $62900 / 18500

= $3.40 per unit

The material cost per unit is $3.40

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3 years ago

You plan to retire at age 65, and you want to have enough money in your savings account to withdraw $54,000 every year for 20

leonid [27]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

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4 years ago

Bundle A is strictly preferred to bundle B, and bundle B is strictly preferred to bundle C. If the utility associated with B is

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Answer: (63, 50, 44)

Explanation:

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3 years ago

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2017, the fi

Daniel [21]

Answer:

Quick Furniture Company

The Sanding Department

Production Report

For the month of March 2017:

Materials Conversion Total

Manufacturing costs $35,948 $56,240 $92,188

Cost per equivalent unit:

Manufacturing costs $35,948 $56,240

Equivalent units 9,510 7,110

Cost per equivalent unit $3.78 $7.91

Cost assigned to:

Units transferred out $24,608 $51,494 $76,102

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Total costs assigned $35,948 $56,240 $92,188

Explanation:

a) Data and Calculations:

Materials Conversion

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Units completed 6,510 6,510 6,510

Ending WIP 3,000 3,000 600

Equivalent units 9,510 7,110

Production Cost Report:

Materials Conversion Total

Manufacturing costs $35,948 $56,240 $92,188

Cost per equivalent unit:

Manufacturing costs $35,948 $56,240

Equivalent units 9,510 7,110

Cost per equivalent unit $3.78 $7.91

Cost assigned to:

Units transferred out $24,608 $51,494 $76,102

($3.78 * 6,510) ($7.91 * 6,510)

Ending Work in Process $11,340 $4,746 16,086

($3.78 * 3,000) ($7.91 * 600)

Total costs assigned $35,948 $56,240 $92,188

6 0

3 years ago