Answer:
3,000 physical units in the production
Explanation:
Given that,
Oxford started work on 3,000 units during the period
Units were 70% of the way through manufacturing
Therefore,
Physical units in the production = 3,000 units
Equivalently units of production is as follows:
= 70% of Physical units in the production
= 0.7 × 3,000 units
= 2,100 units
Hence, it would be correct to say that the company has 3,000 physical units in the production.
Answer:
D) A and B
Explanation:
a. as the price declines, the real income of the consumer increases
b. as the price of product A declines, it makes it more attractive than product B
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Answer:
Total present value=$617,523.24
Explanation:
The formula for calculating continuous compounding is given as follows
F=P(e^it)
F=future value
P=present value
i=interest rate
t=time involved i.e 1 year or 2 year
e=Mathematical constant=2.7183
By applying above mentioned formula, the present value of inventory control software by Baron Chemicals shall be calculated as follows:
Present value of year 2 Cash flow= $286,555.76
($350,000/e^10%*2)
Present value of year 1 Cash flow= $180,967.48
($200,000/e^10%*1)
Present value of year 0 Cash flow= $150,000
Total present value=$617,523.24
Answer:
-$2.24
Explanation:
For computation of EPS amount first we need to find out weighted average common shares outstanding and net income available to common stockholders the is shown below:-
Weighted average common shares outstanding = (Outstanding common shares ÷ 2) - (Treasury shares × 4 months ÷ 12 months) + (Issued shares × 2 months ÷ 12 months)
= (230,000 ÷ 2) - (11,500 × 4 ÷ 12) + (4,600 × 2 ÷ 12)
= 115,000 - 3,833.33 + 766.67
= 111,933.34
Net Income Available to Common Stockholders = Net loss - Number of shares × Par value × Shares percentage
= -$250,000 - 2,300 × $10 × 5%
= -$251,150
Earning per share = Net Income Available to Common Stockholders ÷ Weighted average common shares outstanding
= -$251,150 ÷ 111,933.34
= -$2.24
Therefore for computing the earning per share we simply applied the above formula.
Answer:
a. Calculate the employer's payroll taxes, using the following rates: state unemployment, 5.4%; federal unemployment, 0.8%.
b. Journalize the entry to record the accrual of payroll taxes. If an amount box does not require an entry, leave it blank.
- Dr FICA Social Security expense 6,600
- Dr FICA Medicare expense 1,650
- Dr Federal unemployment tax expense 200
- Dr State unemployment tax expense 1,350
- Cr FICA Social Security payable 6,600
- Cr FICA Medicare payable 1,650
- Cr Federal unemployment tax payable 200
- Cr State unemployment tax payable 1,350
Explanation:
payroll taxes should be:
social security $110,000 x 6% = $6,600
Medicare $110,000 x 1.5% = $1,650
federal unemployment $25,000 x 0.8% = $200
state unemployment $25,000 x 5.4% = $1,350
total = $9,800
Both employees and employers must pay equal amounts of FICA taxes (social security and medicare), but only employees pay unemployment taxes.
