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2 years ago

Out of 150 math students, 86% passed. how many students passed math class?

Business

2 answers:

vfiekz [6]2 years ago

8 0

129 students passed. 150/100*86 = 129.

deff fn [24]2 years ago

7 0

129 is the answer, 150 times 86%. look up Mathaway.com, its a really good calculator

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Archer Construction Company began work on a $420,000 construction contract in 2017. During 2017, Archer incurred costs of $278,0

zheka24 [161]

Answer:

This a loss making contract of $33,000

Explanation:

Under I.A.S 11, The following steps are followed

Step 1 - Determine Expected Outcome of the Contract

Project Value - 420,000

Cost to date - (278,000)

Cost to complete - (175,000)

Outcome of Contract is Loss of $33,000

Step 2 - Determine the amounts to be recognized in Income Statement for Profit, Revenue and Cost .

Cost to date - 278,000

Contract Loss (33,000)

Revenue (Balancing Amount = $245,000

Journal Entries

Dr Cost expended to date - 278,000

Cr Revenue to date - 245,000

Cr Loss 33,000

b) Percentage Completion Method

Stage of Completion % = (Costs incurred to Date / Total Contract Costs )*100

278,000/453,000 = 61.36%

Revenue recognizable = 61.36% * Contract Value = 257,712

Cost to date =................................................................. = 278,000

Loss to Date (balancing figure)................................... = 20,288

Journal Entries

Dr Cost expended to date - 278,000

Cr Revenue to date - 257,712

Cr Loss 20,288

8 0

3 years ago

Consider the following costs incurred in a recent period:Direct Materials $33,000Depreciation on Factory Equipment $12,000Factor

asambeis [7]

Answer:

$37,000

Explanation:

The following costs were incurred in a recent period

Direct Materials $33,000

Depreciation on Factory Equipment $12,000

Factory Janitor's Salary $23,000

Direct Labor $28,000

Utilities for Factory $9,000

Selling Expenses $16,000

Production Supervisor's Salary $34,000

Administrative Expenses $21,000

Therefore, the total amount of period cost can be calculated as follows

Total amount of period costs = Selling expenses + administrative expenses

= $16,000 + $21,000

= $37,000

Hence the total amount of period costs for the above period is $37,000

4 0

2 years ago

Read 2 more answers

You have just inherited $560,000. You plan to save this money and continue to live off the money that you are earning in your cu

suter [353]

Answer:

10.64 years

Explanation:

To find the number of years , use this formula :

FV / PV = (1 + r) ^n

FV = Future value = $1 million

P = Present value = $560,000.

R = interest rate = 5.6%

N = number of years

$1,000,000 / $560,000 = (1.056)^n

1.785714 = (1.056)^n

Find the In of both sides

n = 10.64 years

6 0

2 years ago

The purpose of using good e-mail techniques is to _______.

Zina [86]

D - you write email for others to read. Composing a well-written email makes it easier on the recipient, showing your consideration for them.

3 0

2 years ago

Read 2 more answers

In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Pool

saveliy_v [14]

Answer:1. Poole journal $

Date

April 10

Cash account Dr 50,925

Cash sales Cr 48,500

Sales tax. Cr. 2425

Narration. Cash sales inclusive of sales tax.

Waterman journal $

Date

April 15

Cash account Dr 26750

Cash sales Cr. 25,000

Sales tax. Cr. 1750

Narration. Cash sales inclusive of sales tax

Explanation:

Firms are authorized by the government to collect sales tax on their behalf at the time of sales and such amount when collected are treated as liability by the firm to be remitted to the goverments.

At the point of sale the sales tax is showing as percentage to be charged on sales separately e.g 5% on sales figures.

If the tax percentage is not separated at the time of sales and the sales is made inclusive of sales tax then the sales tax like in the above scenario will be 7/107 * $26,750 which gives $1750

7 0

2 years ago