Answer:
The ammount due at the end of the loan adds for $27,456
Explanation:
If the payment is in full at maturity, the man must pay the principal of 26,000 plus the interest during the period of 4 years.
It is important to notice that the loan is done at simple interest, so the interest does not capitalize.
Answer:
Pose-for-Pics
Trial Balance
For the month ended August 31
DEBIT CREDIT
b. Cash 8,539
c. Offices 2,280
d. Prepaid insurance 2,300
e. Photography equipment 51,600
f. Common stock 63,600
g. Photography fees earned 2,000
<u>h. Utilities expense 881 </u>
i. Totals 65,600 65,600
Explanation:
In trial balance, all accounts in general either real or nominal is posted here whether on debit or credit side. It shows the balances of debits and credits entries from the transaction of the general journal that the company have made for the period. There are 2 types of trial balance, the unadjusted trial balance and the adjusted trial balance.
In the formula Y = a + b X, X represents the estimated total amount of the allocation base.
What is total amount of allocation base?
Cost accounting assigns overhead expenses using an allocation base. A quantity, such as the number of machine hours utilized, kWh consumed, or occupied square footage, might serve as an allocation base.
What are overhead expenses?
Rent, insurance, and utility charges are examples of overhead expenditures that go into running a business. Operating costs are necessary for the firm to function and cannot be avoided. Regular reviews of overhead costs are necessary to improve profitability.
What is cost accounting?
Assigning costs to cost items, which often comprise a corporation's goods, services, and other activities involving the company, is the process of cost accounting. Cost accounting is beneficial since it can show a company where its money is going, how much it makes, and where it is losing money.
Learn more about cost accounting: brainly.com/question/14758675
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Answer:
The relationship with the recipient might be affected.
The recipient is likely to become upset.
Answer:
Margin of safety=55.6%
Explanation:
The formula for the operating income is as folows;
operating income=Sales revenue-total cost
where;
operating income=$ 15,000
Sales revenue=S
total cost=variable cost+fixed cost
variable cost=70% of S=(70/100)×S=0.7 S
fixed cost=$12,000
replacing;
15,000=S-(0.7 S+12,000)
15,000+12,000=0.3 S
27,000=0.3 S
S=27,000/0.3
S=Answer:
Explanation:
The formula for the operating income is as follows;
operating income=Sales revenue-total cost
where;
operating income=$ 15,000
Sales revenue=S
total cost=variable cost+fixed cost
variable cost=70% of S=(70/100)×S=0.7 S
fixed cost=$12,000
replacing;
15,000=S-(0.7 S+12,000)
15,000+12,000=0.3 S
27,000=0.3 S
S=27,000/0.3
S=$90,000
Current sales=$90,000
The formula for margin of safety is as follows;
Margin of safety=(Current sales level-break even point sales level)/current sales levels
At break even,
Operating income=0
0=S-(0.7 S+12,000)
0=S-0.7 S-12,000
0.3 S=12,000
S=12,000/0.3
S=40,000
Break even sales=$40,000
replacing;
Margin of safety=((90,000-40,000)/90,000}×100
Margin of safety=55.6%
