Answer:
$978,306
Explanation:
The computation of the unremembered liability coupons is shown below:
= (Number of coupons issued × redeemed coupon percentage) - (processed coupons) × worth of coupon
= (841,000 coupons × 73%) - (381,000 coupons) × $4.20
= (613,930 coupons - 381,000 coupons) × $4.20
= 232,930 coupons × $4.20
= $978,306
We simply deduct the processed coupons from the redeemed coupons and then multiply it by the coupon worth
Answer:
1. c. a consolidation
2. a. all of Shale's and Tierra's assets
3. c. all of Shale's and Tierra's debts
Explanation:
1. When multiple companies join up together to form a new company, this is called a Consolidation which is what Shale Shale Oil Corporation and Tierra Frakking Company did when they formed Unified Resources, Inc.
2. In a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources acquires all of Shale's and Tierra's assets.
3. As previously stated, in a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources assumes all of Shale's and Tierra's debts as well.
Answer:
Explanation:
A)
cost of not taking a cash discount = (1+3/(100-3))^(360/(35-13)) -1
cost of not taking a cash discount = 66.5%
B)
Effective rate of interest if the company borrows from the bank = (17/(100-12))
Effective rate of interest if the company borrows from the bank = 19.3%
Answer:
$60,000
Explanation:
Given that,
Direct materials = $42,900
Direct labor = $29,500
Manufacturing overhead = $30,500
Selling expenses = $21,700
Administrative expenses = $35,800
Conversion costs:
= Direct labor + Manufacturing overhead
= $29,500 + $30,500
= $60,000
Therefore, the conversion costs for September is $60,000.
