Option A is the correct answer
Answer:
The estimated cost for selling and administration expenses is:
47900+52*6000=$359900
Explanation:
Audrey Corporation's cost for selling and administrative expenses present fix and variable costs. They plan a fixed cost of $47,900 and a variable cost of $52 unit.
The formula is:
SandA COST= 47900+52*Q
For April they planned to sell 6000 units.
The estimated cost for selling and administration expenses is:
47900+52*6000=$359900
If the formula is accurate the real cost of selling and administration is:
47900+52*5960=$357,820
Answer:
4.62%
Explanation:
we need to calculate the yield to maturity of the bond:
YTM = [coupon + (face value - market value)/n] / [(face value + market value)/2]
- coupon = $50
- face value = $1,000
- market value = $1,078
- n = 38 semiannual payments
YTM = [$50 + ($1,000 - $1,078)/38] / [($1,000 + $1,078)/2]
YTM = $47.95 / $1,039 = 4.615 ≈ 4.62%
Answer:
Utility expense Dr. $200
Accounts payable Cr. $200
(To record the entry for electric expense)
Explanation:
Given the amount of the invoice = $200
The expenses like Electricity expenses come under utility expenses so the incurred electricity expense will show that the utility expenses are debited and account payable is credited. Here the account payable is credited because the is not paid.
Thus, below is the entry as on 30th November.
Utility expense Dr. $200
Accounts payable Cr. $200
(To record the entry for electric expense)
Answer:
A factory building used in the business and held more than one year.
Explanation:
<u>According to Section 1231</u>. property are assets that are used in your trade or business and are held by the Taxpayer for more than one year.
The factory building has serve the purpose of the section. It is used for a trade and has been held by the taxpayer for more than a year, hence, the property can be termed an assets by a manufacturing business
