Answer:
Total cost for Operations Department = 92,548
Explanation:
Dual-rate method is a method of allocating costs in which two cost functions are used. Typically, the two functions are a fixed-cost function and a variable-cost function.
First calculate allocation rate for fixed cost for Operations Department
Fixed cost = 60000
Budgeted copies = 310000
Fixed allocation rate = 60000 ÷ 310000
= $ 0.1935483870967742 per copy............eq(2)
Variable cost = $ 0.05 per copy............ eq(1)
Actual usage by Operations department was 380000 copies.
Multiply this amount with allocation rates calculated in eq(1) and e1(2).
Actual fixed cost = 0.1935483870967742 × 380000
= 73548
Actual variable cost = 0.05 × 380000
= 19000
Total cost for Operations Department = 73548 + 19000
= 92,548
Answer:
A negative translation adjustment must be reported.
Explanation:
Under the current rate method, the company must report a negative translation adjustment on a reserve account in the consolidated balance. This reserve account is included in the consolidated balance sheet as unrealized gains/losses.
The marketable securities were purchased at 1,000,000 / 20 = $50,000 (US dollars). But now they are worth only 1,000,000 / 25 = $40,000 (US dollars).
The reserve account of the consolidated financial statements should show a negative foreign currency translation adjustment equal to $10,000 (US dollars).
Answer:
The correct answer is B. result from the political bias toward immediate benefits and deferred costs.
Explanation:
While many people run hysterically on the streets begging politicians to act in the face of the threat of climate change, many people, young and old, may be demanding the same type of action, but to fix the unfunded passive systems.
By extending eligibility and increasing the benefits of a pay-per-use system while at the same time having fewer children to finance it, previous generations have left a fearsome financial obligation. Either taxes will increase dramatically for tomorrow's workers, lowering their standard of living, or benefits will fall for tomorrow's retirees, lowering their standard of living. A group will feel very angry.
These problems were anticipated even when politicians were raising payments, but each elected government simply kicked the can and allowed things to continue as usual.
Social security systems and pension funds are actuarially not funded systems. There is no obligation for this generation to have children at the same rate as previous generations. Therefore, when those born in the 1950s reach retirement age in the next century, their stipends will feel more like a burden due to the ranks of non-active members of society that will depend on their contributions to live.
Answer:
March 15,
Dr. Dividend $20,520,000
Cr. Dividend Payable $20,520,000
April 13,
Dr. Dividend Payable $20,520,000
Cr. Cash $20,520,000
Explanation:
A dividend is announced and paid after some days, so the journal entries for both event will be recorded separately.
At The time of Declaration no payment is made, only a liability is created against the dividend payment.
Dividend Value = $0.095 x 216,000,000 shares = $20,520,000
Payment will be made by debiting the dividend payable account to adjust the liability account and Crediting cash for the payment of cash dividend.
Answer:
Immediately after the fifth deposit the individual will have $54,950 in his account.
Explanation:
For each year you have to calculate the total savings that the indivual has in the account.
The first year, denoted by 
, the individual deposits $20,000 in his account. At the end of the year the interests are accrued on that principal, and the individual also deposits $5,000 more that will bear interests next year. So we have:
And for each year we calculate the total savings accumulated, using the savings of the previous year as this period's principal:
Therefore the answer is $54,949.98.
In general the formula used for each period is the following:
Where:
are the total savings for the current period,
are the total savings from last period,
is the interest rate,
are the monthly deposits made into the savings account.
We further know that 
.
