Answer:
The answer is: Detroit $196.87
Explanation:
We first must add the cost of visiting the five cities:
Detroit $196.87
Pittsburgh $180.32
St. Paul $102.87
Cincinnati $155.81
<u>Richmond $211.86 </u>
Total cost $847.73
Then we find what is the difference between the total cost and the road trip budget: $847.73 - $652 = $195.73
The cheapest city that Richard can drop is Detroit, by doing so his total expenses will be $650.86, which is below his budget.
Answer:
Goals are the tools with which people engage in volitional behavior. Whereas goal pursuit was traditionally assumed to be strongly related to consciousness, recent research and theorizing suggest that goals guide behavior through attention, and this guidance can occur outside of a person's awareness
Explanation:
Answer: income statement and the statement of cash flows
Explanation:
Answer:
Paid-in Capital in Excess of Par Value will be credited for $120,000.
Explanation:
The journal entry for the issue of shares is shown below:
Cash A/c Dr $140,000
To common stock (4,000 shares × $5) = $20,000
To Paid-in Capital in Excess of Par Value $120,000
(Being issue of shares recorded)
So, the cash account is debited whereas the common stock and paid-in capital should be credited
And, the remaining balance should be transferred to the Paid-in Capital in Excess of Par Value
Answer:
$0.51
Explanation:
The computation of the predetermined overhead rate. The formula is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
where,
Estimated overhead costs for the year is $25,000
And, the estimated direct labor cost would be
For Totes
= $52 × 500 units
= $26,000
For Satchels
= $65 × 360 units
= $23,400
So, the total direct labor cost would be
= $26,000 + $23,400
= $49,400
Now put these values to the above formula
So, the value would equal to
= $25,000 ÷ 49,400
= $0.51
