Answer:
$61,200
Explanation:
The computation of the total period cost for the month under absorption costing is shown below:
= Fixed selling and administrative expense + Variable selling and administrative expense rate × number of units sold
= $34,000 + 6,800 units × $4
= $34,000 + $27,200
= $61,200
As we know that the period cost includes the major part of the selling expenses and we applied the same for the above computation
Answer:
$6.25 per yard
Explanation:
The computation of the standard price per yard of material for its safety suits is shown below:
Material quantity variance = Standard Price × (Actual quantity - Standard quantity)
-$5,000 = Standard price × (10,000 - 10,800)
Standard price = -$5,000 ÷ (-800)
= $6.25 per yard
Hence, the standard price per yard of material for its safety suits is $6.25 per yard
Answer:
The Journal entries to record the given transactions would be:
Account Title Debit Credit
(1) Uncollectible Accounts Expense 18,600
Allowance for Doubtful Accounts 18,600
($600 + $18,000)
(2) Allowance for Doubtful Accounts 350
Accounts Receivable—Fronk Co. 350
(3) Accounts Receivable—Fronk Co. 200
Allowance for Doubtful Accounts 200
Cash 200
Accounts Receivable—Fronk Co. 200
(4) Cash 400
Allowance for Doubtful Accounts* 200
Accounts Receivable—Dodger Co. 600
($600 - $400)*
<u>Solution and Explanation:</u>
1. the Yield to maturity
FV = 1,000
PMT = FV multiply with Coupon rate
, PMT = 1,000 multiply with 0.1 = 100
N = 5
, PV = -1,197.93
CPT I/Y
I/Y = 5.380166647
Therefore, the Yield to maturity = 5.380166647%
Where: FV – fair value, PV – Present value
2. Current yield = Coupon payment divided by Price
Current yield = 100 divided by 1,197.93
By solving we get,
Current yield = 0.08347733173
Therefore, the Current yield = 8.347733173%
Answer:
A. fiscal policy. and C. monetary policy.
Explanation:
What is Fiscal Policy?
The government's use of taxes, spending, and transfer payment to promote economic growth and stability.
What is Monetary Policy?
The action the Fed takes to control the money supply and the rate of inflation in the economy.
