Answer:
$482,000
Explanation:
The computation of the total lease cost is shown below:
For 16,900 units, the lease cost would be
= Lease cost × sales volume ÷ recent sales volume
= $482,000 × 16,900 units ÷ 20,000 units
= $407,290
This would be the answer but the least cost if fixed whether sales volume is increased or not . So, the total lease cost would remain unchanged i.e $482,000
Answer:
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $178,150
Adjustment made:
Add : Depreciation expense $36,430
Add: Loss on disposal of plant assets $5,190
Less: Increase in accounts receivable -$16,500
Less: Increase in prepaid expense -$3,970
Add: Increase in accounts payable $18,040
Total of Adjustments $39,190
Net Cash flow from Operating activities $217,340
Answer:
Journal entry to record wages expense and wages payable
Explanation:
As the company incurred no cost related to these earnings for federal unemployment tax so it would be excluded from wages and salaries expense
Entry DEBIT CREDIT
Salaries and wages Expense $68,000
Social Security(FICA) $5,202
Federal income tax $14,700
State income tax $6,300
union dues $900
Salaries and wages payable $40,898
Answer:
$29,000
Explanation:
The Held-to-maturity securities to be carried at amortized cost
The available-for-sale & trading securities to be carried at fair value (FV).
Therefore, the investment portfolio is reported at the following amounts:
Mann Co. $10,000 (Cost)
Kemo, Inc. $10,000 (Fair value)
Fenn Corp. $9,000 (Fair value)
Total $29,000
So, Ott's December 31, Year 1, balance sheet should report total marketable debt securities as $29,000
D. Consumers are people who buy bonds
