Answer and Explanation:
The calculation is given below:
Fabricating department
The budgeted cost is
= $9,280 ÷ 640 hours × 600 hours + $2,300
= $8,700 + $2,300
= $11,000
Grinding department
= $159,600 ÷ 7,600 hours × 9,500 hours + $56,000
= $199,500 + $56,000
= $255,500
In this way the budgeted cost should be determined
Answer:
The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.
Explanation:
Amortisation Expenses for 2017
So Amortisation on Original Cost: ($18000/5) = $ 3600
Amorisation on legal expenses = $ 1500
(7500 x 6months/ Remaining life(i.e. 30 months)
Total Amortisation Expenses for 2017 = $ 5100
Therefore, The amortization expense will Johnson recognize on the Income Statement for the year ended December 31st, 2017 is $ 5100.
Answer:
The correct answer is: No, he is not correct.
Explanation:
Regression to the mean is a statistical phrase that tries to explains that is something happened at the first attempt, it is likely to happen again at a second attempt and if it happens at the second attempt it is because it almost happened at the first attempt.
Then, following the concept of regression to the mean,<em> if a mutual fund performed badly on the last period, it is likely to perform even worse in the current period</em>. Thus, the online investment blogger is wrong.
$110000 will be shown
<u>Explanation:</u>
$110000 will be shown in the treasury stock account of Coy, Inc.
Company repurchased the shares in the year 2020, for $220000 ( 22000 sahres) and out of which the company sold half of its shares that is (11000 sahres ) in the year 2021 for an amount of $110000.
It means there is no paid- in - capital in excess for the treasury stock, recording is to be done at the cost, not at the par).
If you are in a car accident cause by someone else who also has insurance, the type of insurance plan that will not require you to pay out of pocket costs is liability insurance. If the car accident was not your fault and the person who caused the accident is also insured the claim should be paid by him under his coverage and your pocket will be safe as well as your insurance will not be affected.