Power words are the word that are specific to an employer’s needs
Solution :
At every stage the formula used will be :
After the junior year, Aunt Mabel's bank balance will be :
= $ 7,322.65
Aunt Mabel's bank balance after sophomore year will be :
7,322.65 + 1000 = $ 8,322.65
= $ 8060.677
After the freshman year, bank balance of Aunt Mable's will be :
8060.677 + 6000 = $ 14,060.677
= $ 14.0606
If Aunt Mabel can predict the interest rate with accuracy, she will have to deposit :
$ 14.0606 + $ 9000 = $ 9,014.06
= $ 8,565.241
Answer:
d. debit to Work in Process of $66,700
Explanation:
The journal entries for recording the given transactions are as follow
1. Work in process Dr $66,700
To Wages $66,700
(Being direct labor transferred to Work in process account)
2. Factory overhead Dr $9,300
To indirect labor cost $9,300
(Being indirect labor transferred)
These entries are recorded for recording the wages and the indirect labor cost
Answer:
Sales $869,000
Cost of goods sold 480,000
Gross profit 389,000
Direct expenses 268,000
Common expenses 123,000
Total expenses 391,000
Net loss $(2,000)
Net loss reduces to $2,000 from $28,000.
There is a benefit of $26,000 gained through increased sales.
Answer:
d. $2,591.85
Explanation:
To solve we can use the present value formula defined by
where PV is present value, FV is future value, t is time and r is the interest rate , we can replace the values given in the question. Where 4000 is the future value, the time is t=6 years, and the interest rate is r=0.075, so we get