Answer:
Results are below.
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (624,000/80,000) + 3.1
Predetermined manufacturing overhead rate= $10.9 per machine hour
Job M598:
Number of units in the job 60
Total machine-hours 300
Direct materials $645
Direct labor cost $9,000
Total cost= 645 + 9,000 + 300*10.9
Total cost= $12,915
Unitary cost= 12,915/60= $215.25
<u>Finally, the selling price per unit:</u>
Selling price= 215.25*1.4= $301.35
Answer:
1. -$214 billion
2. a trade deficit
Explanation:
1. The balance of trade denotes the difference between the exports and imports.
In mathematically,
Balance of trade = Exports - imports
So,
Balance of trade = $263 billion - $477 billion
= -$214 billion
2. As the balance of trade comes in a negative amount which represents that imports value is more than the exports value so it would be a trade deficit
Answer:...
Explanation:
Stine Corp.'s trial balance reflected the following account balances at December 31, 2014:
Accounts receivable (net) $19,000
Trading securities 6,000
Accumulated depreciation on equipment and furniture 15,000
Cash 16,000
Inventory 30,000
Equipment 25,000
Patent 4,000
Prepaid expenses 2,000
Land held for future business site 18,000
In Stine's December 31, 2014 balance sheet, the current assets total is [A] (please enter your answer as a whole number without any dollar sign, thousand separator, or decimal points.
The present value of the investment future value is $38,628.40
What is present value?
Present value is the today's worth of a future amount when discounted or expressed in today's dollar equivalence.
The present value of a single future cash flow can be determined using the present value formula below:
PV=FV/(1+r/365)^(N*365)
PV=present value=unknown
FV=future value=$95,000
r=discount rate=9%
N=number of years before the future amount is received=10
365 is an indication of number of years in a year since discounted is compounded daily.
PV=$95,000/(1+9%/365)^(10*365)
PV=$38,628.40
The present value can be further understood using the link below:
brainly.com/question/18490474
#SPJ1
Answer: False
Explanation:
The revenue account for a Retail Merchandising Business is also known as the Sales Account.
When goods are sold they are credited to the Sales Account and it is no different here.
Therefore, When a Retail Merchandising Business sells goods to a customer the amount of the sold merchandise is credited to the Sales Account which makes the above statement false.
