Answer:
$293,000
Explanation:
The computation of the product cost is shown below:
= Direct material + direct labor + factory supplies + factory depreciation + indirect labor
= $126,000 + $99,000 + $9,000 + $33,000 + $26,000
= $293,000
The factory supplies + factory depreciation + indirect labor = manufacturing overhead
All other cost are not relevant for the computation part. Hence, ignored it
Answer:
Allowance for uncollectible accounts
Explanation:
This account is a contra asset account which says that the account receivable amount is not collected in near future
It is shown in the asset side of the balance sheet
Assets side
Current Assets
Accounts receivable XXXXX
Less: Allowance for doubtful debts (XXXXX)
Net accounts receivable XXXXX
It is an estimated amount which is not to be paid by the customer in respect to goods delivered to them
The journal entry would be
Bad debt expense A/c Dr XXXXX
To Allowance for uncollectible accounts A/c XXXXX
(Being the uncollected amount is recorded)
Answer:
=2.98%
Explanation:
Use CAPM to find the required return of the stock;
CAPM: r = risk free + beta(market return - risk free)
risk free = 4.5% or 0.045 as a decimal
beta = -0.4
market return = 8.3% or 0.083 as a decimal
Next, plug in the numbers into the CAPM formula;
r = 0.045 -0.4(0.083 - 0.045)
r = 0.045 -0.0152
r = 0.0298 or 2.98%
Therefore the required return is 2.98%
The co-operative risk sharing plan is that the person who you are working with can go "out" from the co-operative plan and share with another persons your plan.
Answer:
The answer is: $0
Explanation:
Krete would have been forced to pay a penalty only if her taxes due after withholdings were over $1,000
. Since she only owed $200 in taxes, she will not receive any penalty for underpayment. But she will still have to pay a penalty for not paying the $200 she owes (this is a separate penalty).
