Answer:
$8,775
Explanation:
Forty Winks Corporation
March Night stand + April Night Stand × direct labour hours × direct labour rate.
$1,600+ $1,100 =$2,700
$2,700×0.25 direct labor hours =$675
$675×labor rate of $ 13.00=$8,775
The total combined direct labor cost that Forty Winks Corporation should budget in March and April is $8,775
Answer:
Given that,
Petty cash fund on September 1 = $250
Office Supplies = $73
Merchandise inventory = $137
Miscellaneous expenses = $22
Fund has a balance = $18
When Petty Cash fund is reimbursed,
the expenses incurred through Petty Cash are recorded by debiting those expense.
Therefore, all the expenses incurred to be debited from the accounts.
Hence, the journal entry to record the reimbursement of the fund on September 30 includes a debit of Office Supplies for $73.
A bond will sell at premium when its coupon interest rate <u>exceeds the market interest rate on similar bonds.</u>
Explanation:
Premium bonds are the bonds that are trading above par in the market. Further on the bond would trade on premium only when it offers a coupon rate exceeding the market rate that is being offered on similar bonds.
In simple lay man's language, the term premium and discount can be understood to carry a crude definition of high and low demand. When the demand would be high, the bonds would fetch a higher value and vice-versa.
Thus Bonds would highly be valued when it is paying interest that is greater than the interest prevailing in the market contemporarily.
Answer:
he actually died
Explanation:
he died of an accidental drug overdose which caused him to have a seizure.
Answer:
a. $11,000
b. $2,200
Explanation:
According to the cash basis accounting, the cash is recorded when actual cash is received
But as per the accrual basis of accounting, the revenue is recorded when it is realized or earned whether cash is received or not
So,
a. Cash basis = $11,000
b. Accrual basis
= $11,000 ÷ 10 months × 2 months
= $2,200
