Answer:
$5,175
Explanation:
The computation of the amount after 8 month is as follows
As we know that
Amount = Principal × (1 + interest rate × number of days ÷ total number of days)
where,
Principal = $5,000
Interest rate = 5.25%
Number of days = 30 days × 8 months = 240 days
And, the total number of days = 360 days
So, the amount after 8 months is
= $5,000 × (1 + 5.25% × 240 days ÷ 360 days)
= $5,000 × 1.035
= $5,175
Answer:
$1 par value
Explanation:
The computation of the par value of the stock after the split is given below:
= $200,000 ÷ (100,000 × 2 )
= $200,000 ÷ 200,000
= $1 par value
Hence, the par value of its stock after the split is $1 par value
We simply divide the balance by the number of outsanding shares so that the par value could come
The Adams Manufacturing has allocated its total overhead costs by a sum of $17,200, which is over-applied.
<h3>What are overhead costs?</h3>
The expenses or costs, which are incurred by a business, which are completely unrelated to the production or manufacturing of the firm's goods or services, are known as overhead costs. They are indirect costs.
The computation of the overhead costs will be as follows,
![\rm Overhead\ Costs= Actual\ Overheads-Estimated\ Overheads\\\\\rm Overhead\ Costs= 413200-396000\\\\\rm Overhead\ Costs=\$17200](https://tex.z-dn.net/?f=%5Crm%20Overhead%5C%20Costs%3D%20Actual%5C%20Overheads-Estimated%5C%20Overheads%5C%5C%5C%5C%5Crm%20Overhead%5C%20Costs%3D%20413200-396000%5C%5C%5C%5C%5Crm%20Overhead%5C%20Costs%3D%5C%2417200)
Hence, option E holds true regarding the overhead costs.
Learn more about overhead costs here:
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Answer:
$46,525
Explanation:
Formula for ending retained earnings is as follows;
<em>Ending retained earnings = Beginning retained earnings + Net income - cash dividend</em>
Beg. RE = 44,800
Net income = 7,800
Cash dividends = 6,075
Plug in the values to the above formula;
Ending retained earnings = 44,800 + 7,800 - 6.075
Ending RE balance would be = $46,525