Answer:
$200,000
Explanation:
Interest calculation is based on the Principle amount of $2,500,000 borrowed .
Answer:
True
Explanation:
<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:
</em>
Equivalent units = Degree of work done(%) × units of inventory
Equivalent units
<em>Direct material:</em>
Balance of work = 100-80 = 20%
Equivalent of work to be added = 20% × 40,000 = 8,000
<em>Labour</em>
Balance of work = 100-50= 50%
Equivalent of work to be added =50% × 40,000 = 20,000 units
<em>Equivalent of work to be added(units)</em>
Material 8000
Labour 20,000
Answer:
December 31 Interest expense $3900 Dr
Interest Payable $3900 Cr
Explanation:
The interest and principal is both payable at maturity thus we need to accrue the interest payment and create a liability against the amount of interest due. The adjustment is made 6 months from the issue of the note thus the interest for 6 months is due. The entry would be to record 6 month's interest that relates to this year. The interest expense will be,
120000 * 0.065 * 6/12 = $3900
As the payment is not made until maturity we will credit interest payable by this amount.
Answer:
The P/E ratio is 12.8.
Explanation:
The price earnings ratio or P/E ratio is a ratio that estimates the amount of money that investors are willing to invest in a company for every $1 of that company's earnings. The Price-earnings ratio is calculated by dividing the price per share by the earnings per share and is also used in the valuation of a company and its stock.
The P/E ratio is = Price per share / Earnings per share
P/E ratio = 126.72 / 9.9 = 12.8 times
