<span>An outstanding check is a check issued by the payor
and released to the payee that remains to be undeposited or uncashed check at a
certain financial period. When reconciling the bank statements with company
books, an outstanding check is deducted from the unadjusted bank balance to
arrive at the adjusted bank balance. </span>
Answer: go to the national college this is what it is called NCCS
Explanation:
Answer:
Predetermined manufacturing overhead rate= $35.65 per machine hour
Explanation:
Giving the following information:
Estimated the machine-hours= 45,900
The estimated variable manufacturing overhead was $7.53 per machine-hour.
The estimated total fixed manufacturing overhead was $1,290,708.
<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (1,290,708/45,900) + 7.53
Predetermined manufacturing overhead rate= $35.65 per machine hour
Answer:
B.
compute depreciation for a full year under straight minusline depreciation and multiply it by the fraction of the year that you held the asset.
Explanation:
Under straight-line depreciation, the asset value is spread equally throughout its useful life.
To get the depreciation of a partial year, you need to calculate the depreciation a full year first.
Divide the asset value by the number of its useful years to get depreciation value for one year. To compute partial depreciation, you need to establish the fraction of the year to be depreciated. Divide the number of months by twelve to get the fraction.
To get actual depreciation, multiply this fraction by a full year depreciation.
Answer:
The basic EPS for Junkyard Arts, Inc. is $5.2 per share.
Explanation:
The basic earnings per share is the amount of net income that is earned per share of common equity or the amount of net income attributable to each share of common stock. The basic earnings per share (EPS) is calculated using the following formula,
Basic EPS = (Net Income - Preferred stock dividend) / Weighted average number of common shares outstanding
The preferred stock dividend for the period was = 8 * 2500 = 20000
Basic EPS = (290400 - 20000) / 52000
Basic EPS = $5.2
