Answer: Option (a) is correct.
Explanation:
Materials Costs = Units × Unit Material Cost
= 6,000 × $8
= $48,000
Conversion costs = Units × Percentage Complete × Unit Conversion Cost
= 6,000 × 75% × $12
= $54,000
Ending Work-In Process Inventory:
= Materials Costs + Conversion Costs
= $48,000 + $54,000
= $102,000
Answer:
$221,500
Explanation:
The computation of the amount of the goodwill is shown below:
Goodwill = Acquiring value - fair market value of all assets
where,
Acquiring value = $502,000
And, the fair market value of all assets is
= Account receivable market value + inventory market value + fixed assets market value + other assets market value
= $35,000 + $183,000 + $46,500 + $16,000
= $280,500
So, the goodwill is
= $502,000 - $280,500
= $221,500
Answer:
See explanation section.
Explanation:
The correct journal to record this transaction is -
Cash Debit $40,000
Common stock Credit $40,000
Note: As Callie Taylor invests the amount in exchange for common stock, An asset (cash) will be increased, and equity (common stock) will be increased. An increase in asset means debit, while an increase in equity means credit.
Answer:international trade: trade between individuals
Explanation:
I got it right
Answer:
12.88%
Explanation:
Angela's disposable income $2,368
monthly expenses including recreational expenses ($2,127)
net cash flow $241
after expenses are reduced by $64, her net cash flow will increase to $305
Angela's monthly savings rate = (net cash flow / disposable income) x 100 = $305 / $2,368 = 12.88%
A person's savings rate is how much money they save (do not spend) compared to their total disposable income.