Answer:
$5837 approx
Explanation:
Amount = 
Amount deposited at the end of year 1 would yield = $2500
= $2500 × 1.41158 = $3528.95
Amount deposited at the end of year year 3 would yield = $750
= $891.075
Amount deposited at the end of year 4 would yield = $1300
= $1417
Total deposit at the end of year 5 = $3528.95 + $891.075 + $1417 = $5837 approx.
Answer:
Days of receivable will be 75 days
Explanation:
We have given net credit sales = $1200000
Net account receivable at the beginning = $290000
And receivable at the ending = $201000
Average receivable 
Now receivables turnover ratio 
Days of receivables = 
Answer:
1. Accounts receivable
2. Notes receivable
3. Other receivable
Explanation:
Sold merchandise on account for $64,000 to a customer - Accounts receivable. Since the merchandise is sold on credit to a customer, the same is recorded in the current assets of the balance sheet as accounts receivable.
Received a promissory note of $57,000 for services performed - Notes receivable. Since the promissory note is received for service performed which we term as a note receivable. This also come under the current assets of the balance sheet
Advanced $10,000 to an employee - Other receivables - As an advance is given to an employee neither is an account receivable nor it notes receivable. So, it is term as an other receivable
Answer:
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Answer:
$19,713 unfavorable
Explanation:
Direct labor efficiency variance tells us that how the direct labor is used to product the standard numbers of share. It is calculate by multiplying the difference of actual labor hours and standard labor hours with standard rate.
Formula for the efficiency variance
Direct labor efficiency variance = (Actual Hours - Standard Hours ) x Standard Rate
Direct labor efficiency variance = (3,500 - (0.25x5,700 ) x $9.5
Direct labor efficiency variance = (3500 - 1425 ) x $9.5
Direct labor efficiency variance = $19,713 unfavorable
As the actual Labor hours spent is higher than the estimated so, the efficiency variance id unfavorable.