Answer:
The answer is A.
Explanation:
Current liabilities are the total amount of money due within a period of s year. Current liabilities must be repaid within a year(less than 12 months.
Current liabilities in this question are:
Payable. $5,300
Unearned revenue $900
Sales tax payable. $3,700
Estimated warranty payable $900
Note payable due in 90days $1,300
Total. $12,100
$12,100 is therefore the total current liabilities
Answer:
The correct answer is B.
Explanation:
Giving the following information:
During April, direct labor cost totaled $15,000 and direct labor cost was 30% of prime cost. If total manufacturing costs during April were $79,000.
Manufacturing cost= direct material + direct labor + manufacturing overhead
Prime cost= direct material + direct labor
50,000= DM + 15,000
Direct material= 35,000
79,000= 35,000 + 15,000 + manufacturing overhead
manufacturing overhead= 29,000
Answer:
Esquire should purchase machine B since its present value is lower than machine B's ($69,917.73 < $73,356.18)
Explanation:
Machine A:
PV of purchase cost $63,000
PV of maintenance costs = $2,000 x 6.7101 (PV annuity factor, 10 periods, 8%) = $13,420.20
PV of resale value = -$6,615 / 1.08¹⁰ = -$3,064.02
total PV = $63,000 + $13,420.20 - $3,064.02 = $73,356.18
Machine B:
PV of purchase cost $52,500
PV of maintenance costs:
- $8,000 / 1.08³ = $6,350.66
- $10,000 / 1.08⁶ = $6,301.70
- $12,000 / 1.08⁸ = $4,765.37
total PV = $69,917.73
Answer:
Yes Yes
Explanation:
The fair value of each asset is less than book value implying that both firms have a loss. Losses are recognized in full regardless of whether there is commercial exchange.
Answer:
$9,435
Explanation:
If 100% of $10,000 face value gives the bond for $9,250
Then for 2% rise, that is, 102% of the bond will purchase = 102 X $9.250/100 = $9,435
∴ The approximate price of bond purchased = $9,435
