Answer:
$577.5 favorable
Explanation:
Data provided in the question:
Standard quantity per unit 3 lbs
Standard price per pound = $2.75
Actual pounds used = 15,000 lbs
Actual price per pound = $2.90
Number of units produced = 5,070
Now,
The direct materials quantity variance is given as;
= | ( Actual quantity - Standard quantity ) | × Standard price
= ( 15,000 lbs - {Standard quantity per unit × units produced}) × $2.75
= ( 15,000 lbs - { 3 × 5,070}) × $2.75
= | ( 15,000 lbs - 15,210 ) | × $2.75
= $577.5
Since,
Standard quantity is higher than the actual quantity
thus,
$577.5 favorable
Answer:
the company purchase is $94,000
Explanation:
The computation of the total amount of the company merchanise purchase for the month is shown below:
Cost of goods sold = Beginning merchandise inventory + Purchases − Ending merchandise inventory
$92,000 = $14,000 + Purchase - $16,000
So, the purchase is
= $92,000 + $16,000 - $14,000
= $94,000
Hence, the company purchase is $94,000
To the nearest dollar, it would cost $3,564
Answer:
a. Received investment of cash by organizers and distributed to them 1,180 shares of $1 par value common stock with a market price of $15 per share.
Account Debit Credit
Cash $17,700
Common Stock $1,180
Additional Paid-In Capital $16,520
Assets increase, and stockholder's equity increase by the same amount: $17,700.
b. Purchased $8,200 of equipment, paying $1,500 in cash and owing the rest on accounts payable to the manufacturer.
Account Debit Credit
Equipment $8,200
Cash $1,500
Accounts Payable $6,700
Assets increase by a net $6,700 (Equipment - Cash), and Accounts Payable by $6,700 as well.
c. Borrowed $14,000 cash from a bank. Loaned $800 to an employee who signed a note.
Account Debit Credit
Cash $14,000
Notes Payable $14,000
Notes Receivable $800
Cash $800
Assets increase by a net $14,000 (Cash + Notes Receivable - Cash), and liabilities increase by $14,000
d. Purchased $20,343 of land; paid $9,000 in cash and signed a note for the balance.
Account Debit Credit
Land $20,343
Cash $9,000
Notes Payable $11,343
Assets increase by a net $11,343 (Land - Cash), and liabilities increase by the same amount.
Answer:
CNN) – El secretario del Tesoro de EE.UU., Steven Mnuchin, prometió que para este viernes los propietarios de pequeñas empresas podrán solicitar un nuevo préstamo perdonable para ayudar a mantener sus negocios a flote durante la crisis del coronavirus.
Se han asignado casi US$ 350.000 millones para ese propósito en el nuevo paquete de ayuda económica firmado la semana pasada.
A menos que se publique más orientación técnica pronto, podría ser difícil para muchos prestamistas comenzar el viernes, según Chris Hurn, director ejecutivo de Fountainhead, un prestamista directo no bancario de la Administración de Pequeñas Empresas. De lo contrario, cree que los prestamistas deberían estar listos para la próxima semana.
Muchos ya hicieron todo lo posible para prepararse para un aumento esperado de la demanda. Hurn estima que solo su compañía probablemente procesará solicitudes de préstamos por más de US$ 1.000 millones de inmediato.
Esto es lo que los propietarios de pequeñas empresas deben saber.
LEE: La Casa Blanca y el Senado alcanzan un histórico acuerdo de estímulo de US$ 2 billones para la crisis del coronavirus
¿Quién es elegible para aplicar?
Explanation:
