Answer:
The answer is
Dr: Notes Receivable $4,800
Dr: Interest Receivable $120
Cr: Sales $4,920
Explanation:
The yearly interest rate is 10%
So the interest rate for 90 days(assume 360 days make a year?
90/360 x 10%
2.5% is the interest rate for 90 days.
The interest payment for 90 days will be;
2.5% x $4,800
= $120
The entry will now be:
Dr: Notes Receivable $4,800
Dr: Interest Receivable $120
Cr: Sales $4,920
Answer:
Clarity and accuracy are important parts of writing because it helps people understand what the writer is talking about. You don't want people to read your report or proposals and be confused.
Explanation:
Answer:
The total equivalent units of production with respect to conversion for March using the weighted-average method is 381,600 units
Explanation:
The computation of the total equivalent units to conversion is shown below:
= Goods completed units × completion percentage + Ending work in process units × completion percentage
= 345,000 units × 100% + 122,000 units × 30%
= 345,000 units + 36,600 units
= 381,600 units
All other information which is given in the question is not considered . Hence, ignored it
Answer:
The answer is below
Explanation:
Total Variable cost = Ingredients used + Direct labor + Indirect materials and supplies + Utilities = $14,000 +$10,500 + $5,300 + $1,700 = $31,500
Total Fixed cost = Managers' salaries + Rent + Depreciation on equipment (straight-line, time basis) + Other fixed costs = $22,000 + $18,000 + $2,000 + $3,000 = $45,000
Total cost = Total Variable cost + Total fixed cost + $31500 + $45000 = $76500
Unit costs = Total cost / Number of meals = $76500 / 4500 meals = $15.30 per meal