Answer:
Primary data
Explanation:
Primary data is information collected by a researcher from the field for the first time. The tools used to collect primary data are designed to address a particular problem. Consequently, the gathered information will be relevant to solving the problem at hand. Primary data is first-hand information and is collected using questionnaires, surveys, and interviews.
Secondary data is information that had been collected previously for other purposes but was found useful in another study.
Answer:
b) adjusting entry will require a credit to Cost of Goods Sold.
c) Factory Overhead account has a credit balance of $300 before adjusting.
Explanation:
Given that
Actual Overhead = $1200 i.e. debited to the factory overhead account
And,
Applied overhead = $1500 i.e. Credited to the factory overhead account
So, the Factory overhead account has a credit balance of $300 prior adjusting
Also the applied overhead is higher than the actual one so the adjusting entry would needed to credit to the cost of goods sold
Answer: 15
Explanation:
Length of garden = 45 feet
Width of garden = 15 feet
One truckload covers 45 square feet
How may truck load will cover the entire garden.
Area of rectangle = Length × width
Area of rectangular garden = 45 × 15
Area of rectangular garden = 675 square feet
1 truckload of mulch = 45 square feet
y = 675 square feet
45y = 675
y = 675 ÷ 45
y = 15 truck loads of mulch
15 truckloads of mulch will cover the entire garden
Answer:
16.59%
Explanation:
First we look at the formula which to determine the future value of the security and then work back to determine the annual return in terms of percentage
Future Value = Present Value x (1 +i)∧n
where i = the annual rate of return
n= number of years or period
We then plug the given figures into the equation as follows
we already know Present value to be $10,000 and the future value to be $100,000 and the number of years to be 15
Therefore, the implied annual return or yield on the investment is
100,000 = 10,000 x (1+i)∧15
(1+i)∧15 = 100,000/10,000 = 10
1 + i = (10∧(1/15))=1.165914
i= 1.165914-1
= 0.1659
= 16.59%
Answer:
Sales= $705,000
Explanation:
Giving the following information:
Break-even-point in sales= $910,000
Variable expenses= 80% of sales.
Loss= $41,000
First, we need to calculate the fixed costs:
Fixed costs= 910,000*0.2= $182,000
Now, we need to determine the contribution margin:
Actual CM= 182,000 - 41,000= $141,000
Finally, the sales revenue:
Sales= 141,000/0.2= $705,000
