Answer:
Debit: Accounts Receivable 707,350
Credit: Sales Revenue 658,000
Credit: Sales taxes payable ([6% + 1.5%] × $658,000) = $49,350
Explanation:
Innovation is the correct answer to this question.
Answer:
The first thing that we need to do in this question is find the total capital of the Group. They get their capital from three sources which are bonds, preferred stock and common stock. We need to find the capital provided by each of these 3 sources and add them up. After that we will see what ratio of capital is provided by preferred stock, and this ratio will be the weight of preferred stock as it related to the firms weighted average cost of capital.
Bonds
1000*980=980,000
Preferred stock = 9700*85= 824,500
Common stock= 43,000*80= 3,440,000
980,000+824,500+3,440,000= 5,244,500
Preferred weight = 824,500/5,244,500= 0.157 = 15.7%
The weight of preferred stock is 15.7%
Explanation:
Answer:
$17,700
Explanation:
The computation of the net realizable value of Accounts Receivable at year-end is shown below:
= Ending balance of Accounts Receivable - year-end balance in Allowance for Bad Debts
= $19,800 - $2,100
= $17,700
Simply we deducted the year-end balance in Allowance for Bad Debts from the ending balance of accounts receivable and the same is presented in the currents asset side of the balance sheet.
Answer:
the overhead amount assigned to product 3 is $165,000
Explanation:
The computation of the overhead amount assigned to product 3 is shown below:
= Actual manufacturing labor cost for product 3 × estimated manufacturing overhead cost ÷ direct labor cost
= $194,000 × $330,000 ÷ $388,000
= $165,000
Hence, the overhead amount assigned to product 3 is $165,000