Answer:
$4,850
Explanation:
The computation is shown below:
Total cost when the production is 13,000 units
Direct materials $10,920
Direct labor $14,690
Variable overhead $16,380
Total $41,900
And, the other case
Their new cost on supplier offer is
= $2.85 × 13,000 units
= $37,050
In the case when the order is accepted So the net income would increased by
= $41,900 - $37,050
= $4,850
<span>The amount of interest expense recognized by Congo Express Airways would be $199,334 after one year of being issued. This is calculated by finding 6% of the $3,700,000 which is $222,000. Then subtracting the amortized amount of $22,666 per annum, which was found by doubling the 6 month rate of $11,333. This gives you a total of $199,334.</span>
Answer:
$413,000
Explanation:
Calculation to determine the carrying value of the note as of September 30, 2021
Carrying value=[$420,000 - ($420,000 .010*6/12)]+ [($420,000 .010*6/12)*4/6]
Carrying value=[$420,000-$21,000]+ ($21,000*4/6)
Carrying value=[$420,000-$21,000]+ $14,000
Carrying value=$399,000+ 14,000
Carrying value=$413,000
Therefore the carrying value of the note as of September 30, 2021 is $413,000
The following will cause an increase in producer surplus is <u>the price of a substitute increases</u>.
What is surplus?
The amount of an asset as well as resource that is over the amount that is being actively used is referred to as a surplus. Income, profits, capital, and goods are just a few of the numerous things that can be referred to as a surplus. A surplus in the context of inventories refers to items that are still unsold and on store shelves. When income is earned and expenses are paid, there is a surplus in a budget. When there is excess tax revenue once all government programmes have been fully funded, governments can also experience a budget surplus. It's not always preferable to have a surplus. For instance, a producer who overestimates future demand for a particular product might produce too many unsold units, which could subsequently contribute to quarterly as well as annual financial losses.
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To reconcile for a bank service fee listed on the bank statement, <u>C. enter it</u> into your external register in the same manner as a withdrawal.
<h3>What are bank service fees?</h3>
Bank service fees are charges imposed by financial institutions on their personal and business customers for account set-up, maintenance, and minor transactional services.
During bank reconciliation, the correct procedure is to record this transaction in the books as a reduction of the bank balance.
Thus, to reconcile for a bank service fee listed on the bank statement, take Option C.
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