Answer:
C. $2,444 under applied Estimated manufacturing overhead = $224,550 Estimated machine hours etc
Explanation:
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
$420,000
Explanation:
According to the question for computation of total stockholders' equity first we need to find out the addition to retained earning during 2019 which is shown below:-
Addition to retained earnings during 2019 = Net income - Cash dividend - Stock dividend
= $40,000 - $8,000 - $10,000
= $22,000
Total stockholders equity at December 31, 2019 = Stockholders equity, December 31, 2018 + Addition to retained earnings during 2019 + Stock dividend + Issue of new common stock - Purchase of Treasury stock
= $340,000 + $22,000 + $10,000 + $60,000 - $12,000
= $432,000 - $12,000
= $420,000
To calculate the lease payments we use the excel function PMT as in =PMT(rate,nper,pv,fv,type)
Rate = 11.2% Compounded monthly
Rate = 11.2%/12 (Monthly rate)
NPER = 24 months = 24
PV = 2650
FV =0
TYPE = 1 (Since the payments are due immediately meaning this is an annuity due)
So, monthly payment =PMT(11%/12,24,2650,0,1) = $122.39
Your monthly lease payments should be = $122.39
Answer:
The correct answer is option B. observation.
Explanation:
Observation is a method of data collection which involves the use of all the senses to study people in their natural setting. The process involve gathering knowledge about a phenomena by making observations. The aim here is to focus on human behavior, human interaction with phenomenon and the use of phenomenon..
In the above example, actual setting and behavioral data is required. So, the most appropriate method for data collection here will be observation.
