Answer:
12%
Explanation:
A = P(1+r)^n
A (amount) = $1126000
P (principal) = $362000
n = 10 years
1126000 = 362000(1+r)^10
1126000/362000 = (1+r)^10
(1+r)^10 = 3.1
1+r = 3.1^0.1
1+r = 1.12
r = 1.12 - 1 = 0.12 = 12%
Answer:
It is more convenient to make the component.
Explanation:
Giving the following information:
Direct materials $1.00
Direct labor 10.00
Variable manufacturing overhead 5.00
Total unitary variable cost= $16
Total fixed overhead= 8*10,000= $80,000
Proposal= 10,000 units for $22
If Cierra accepts the proposal, $50,000 of the fixed overhead will be eliminated.
We need to calculate the total cost of both options and determine which one is better.
Make in-house:
Total cost= 10,000*16 + 50,000= $210,000
Buy:
Total cost= 10,000*22= $220,000
It is more convenient to make the component.
Answer:
1) I used an excel spreadsheet
2) a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $7,000 in cash along with equipment having a $3,000 value.
Dr Cash 7,000
Dr Equipment 3,000
Cr DeShawn Tyler, capital 10,000
b. On May 21, Elegant Lawns purchases office supplies on credit for $500.
Dr Office supplies 500
Cr Accounts payable 500
c. On May 25, Elegant Lawns receives $4,000 cash for performing landscaping services.
Dr Cash 4,000
Cr Landscaping Revenue 4,000
d. On May 30, Elegant Lawns receives $1,000 cash in advance of providing landscaping services to a customer.
Dr Cash 1,000
Cr Unearned Landscaping Revenue 1,000
3)
Cash (101)
debit credit
7,000
4,000
<u>1,000 </u>
12,000
Office Supplies (124)
debit credit
500
Equipment (167)
debit credit
3,000
Accounts Payable (201)
debit credit
500
Unearned Landscaping Revenue (236)
debit credit
1,000
D. Tyler, Capital (301)
debit credit
10,000
Landscaping Revenue (403)
debit credit
4,000
Answer:
Dr cash $226,000
Cr Bonds payable $226,000
31st December year 1
Dr cash $74,000
Cr Lease revenue $74,000
Dr interest expense $11,300
Cr Cash $11,300
31st December year 2
Dr cash $74,000
Cr Lease revenue $74,000
Dr interest expense $11,300
Cr Cash $11,300
Explanation:
Upon the receipt of $226,000 from bond issue,cash acount would be debited with $226,000 and bonds payable account would be credited with the same amount.
When land purchased,the land account is debited with $226,000 and cash is credited with $226,000.
The receipt of $74,000 from lease rental means that cash is debited and the lease revenue is credited.
The coupon interest on the bonds=$226,000*5%=$11,300
The coupon interest is debited to interest expense and credited to cash in each of the two years.
find attached t accounts.
