Answer:
Flint Corporation current assets section of Balance Sheet
Particulars Amount
Cash ($23,500 + 21,100) 43,600
Less: Restricted for plant expansion <u> 23,500</u> <u>21,100</u>
Trading Securities 9,700
Accounts receivable 73,300
Less: Allowance for bad debts <u>3,700</u> 69,600
Interest receivables (19,600*7%*9/12) 1,029
Inventories
Finished goods 33,300
Work in Progress 13,000
Raw materials <u>59,600</u>
Total Current Assets <u>186,229</u>
The correct option is B.
In case of non repayment of loan, the lender can sell the collateral and used the proceeds to cover his losses. A collateral is always in form of properties which are substantial in value, it is often requested that borrowers provide collateral in order to reassure lenders that they will pay up.
Answer:
Total variable cost= 90,000
Total fixed costs= 8,000
Total costs= $98,000
Explanation:
Giving the following information:
Production of 15,000 units:
Fixed costs= $8,000
Total variable cost= $75,000
We have no reason to believe that the fixed costs will change. If 18,000 units remain in the relevant range, the fixed costs are constant.
<u>We need to calculate the unitary variable cost:</u>
Unitary variable cost= 75,000/15,000= $5
Now, for 18,000 units:
Total variable cost= 5*18,000= 90,000
Total fixed costs= 8,000
Total costs= $98,000
Answer:
$73.58
Explanation:
Total cost of product = $120
Total cost of product = Cost of material + Direct labor + Overhead
Cost of material = (3 * direct labor) - $6
Overhead = ¾ of Direct labor
Total cost of product = 3DL - $6 + DL + ¾ of DL
$120 = 3DL - $6 + DL + 0.75 DL
$126 = 4.75 DL
Direct Labor = 126/4.75
Direct Labor = $26.53
Material cost = 3 * $26.53 - $6
Material cost = $73.58
Answer:
They last for a certain period of time
Explanation:
Typically Certificates of Deposit are offered if the set amount is deposited and kept through the stated amount of time. (The length of the CD can be anywhere from 18 months to 3 years [most popular]) When the money is removed short of the stated time period a penalty is taken from the value of the CD.