Answer: Over charging them for rent
Explanation:
Failure by a promissory notes maker to pay the amount due at maturity is known as Dishonoring a note.
A dishonored note is a that promissory note which has not been paid by a debtor in a given reasonable amount of time. It causes the creditor to write off the recorded revenue as a bad debt.
With the help of promissory note, a buyer can make a short-term commitment to pay any supplier for merchandise within the stated time period and also at a certain interest rate.
In order to properly record a dishonored note in the financial journal of the organization one must first decide whether he is expecting to collect payment eventually or not.
A bill is always considered as dishonored either by non-acceptance or by non-payment of the bill.
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Answer:
The budgeted production for bath and Gym is 51900 and 66000 units
Explanation:
Production Budget
Particulars Bath Gym
Unit Sales
Northern Region 25200 37200
<u>Southern Region 27200 28600 </u>
Total Sales 52,400 65,800
Add Desired FG Inv 1300 2500
<u>Less Beg Inv 1800 2300 </u>
<u>Production Budget 51900 66000</u>
<u />
<em>The production budget is calculated by adding the desired ending inventory to the sales and subtracting the beginning inventory from it.</em>
<em></em>
<em>Production= Sales + Desired Ending Inventory - Beginning Inventory</em>
Answer:
20.19%
Explanation:
The computation of the sustainable growth rate is shown below:
The Sustainable growth rate is
= (return on equity × b) ÷ (1 - (Return on equity × b))
= (0.21 × (1 - 0.20) ÷ (1 - (0.21 × (1 - 0.20)))
= 0.168 ÷ (1 - 0.168)
= 0.168 ÷ 0.832
= 20.19%
basically we applied the above formula to determine the sustainable growth rate
Answer:
$315,000
Explanation:
Overhead estimate per vase = Budgeted overhead/ Budget vases
= $420,000/ 40,000 vases
= $10.5 per vase
Number of vases produced = Total direct labor hours/ Labor hours per unit
= 60,000/ 2
= 30,000 vases
Overhead costs = Overhead cost per unit X number of vases
= $10.5 X 30,000
= $315,000
Therefore, overhead cost to be allocated to Work-in- Progress inventory is $315,000.
