Answer:
Explanation:
The total equivalent units of direct materials and conversion costs for the month has been computed and attached.
Note that the conversion cost for the ending work in process was calculated as:
= $35,000 × 28%
= $35,000 × 0.28
= $9,800
Check the attachment for further analysis.
Answer:
E
Explanation:
When following corporate ethics, you are proving that you are following your company's ethics and expectations of appropriate behavior.
Answer:
Value = $23.35
Explanation:
First, find dividend per year using the growth rates given;
D1 = 2.45
D2 = 2.45 (1.30) = 3.185
D3 = 3.185 (1.17) = 3.7265
D4 = 3.7265 (1.17) = 4.3600
D5= 4.3600(1.08) = 4.7088
Next, find the PV of each dividend;
PV(D1) = 2.45 / (1.22) = 2.0082
PV(D2) = 3.185 /(1.22²) = 2.1399
PV(D3) = 3.7265/ (1.22³) = 2.0522
PV(D4) = 4.3600/ (1.22^4) = 1.9681
PV(D5) =
15.1825
Next, sum up the present values to find the current value of the stock;
=2.0082+ 2.1399 + 2.0522 + 1.9681 + 15.1825
Value = $23.35
Answer:
textile developer is the answer
Answer:
Debit interest expenses for $15,000
Credit interest payable for $15,000
Explanation:
Since January 1 to June 30 is 6 months, we need to calculate interest expenses for the 6 months as follows:
Monthly interest expenses = ($500,000 * 6%) / 12 = $2,500
Interest expenses for 6 months = $2,500 * 6 = $15,000
The adjusting entry required will therefore look as follws:
<u>Date Particulars Dr ($) Cr ($) </u>
June 30 Interest expenses 15,000
Interest payable 15,000
<u> (</u><em><u>To record 6 months interest payable on note.) </u></em><u> </u>