Answer is in a photo. I can only upload it to a file hosting service. link below!
Answer:
The amount of underapplied manufacturing overhead at the end of the year is $1200.
Explanation:
Total estimated $360,000/est
direct labour hours 45000 = $8x (Actual Dl hours) 47000
= $376,000
Actual Overhead worked = $377,200 - $376,000
= $1200 underapplied
Therefore, The amount of underapplied manufacturing overhead at the end of the year is $1200.
Answer:
(A) net working capital = 1,510
(B) current ratio = 1.49
(C) debt to assets = 54.6153%
Explanation:
working capital
current assets - current liabilities
4,570 - 3,060 = 1,510
current ratio
current assets / current liab
4570/3060 = 1.493464052
(c) debt to assets
total liab/ total assets
4,544/8,320 = 54.6153%
Answer:
$4,038
Explanation:
Present value (PV) is the current value of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the future cash flows.
Present Value = Future Value x (1/ ( 1 + interest rate ) ^ number of periods)
Present Value = 6,000 x (1/ ( 1 + 0.08) ^ 5)
Present Value = 6,000 x 0.68058
Present Value = $4,038
