Answer:
0.0210
Explanation:
The computation of the weight of the preferred stock is shown below:
Particulars Shares Price Value ( Shares × Price) Weight ( Value ÷Total value)
Equity 10,800 $42 $4,53,600 0.4179
Preferred Stock 245 $93 $22,785 0.0210
Bonds 580 $1,050 $6,09,000 0.5611
Total value $1,085,385
for computing the weight we simply divide the value of the preferred stock with the total value
Answer:
The manufactured overhead was under-estimated.
Explanation:
Giving the following information:
The actual manufacturing overhead costs incurred were $515,000.
Estimated Manufacturing overhead was $500,000.
Overhead allocation is the distribution of indirect costs to produced goods. When the administration has undervalued and under-funded the amount of money needed for non-production costs, they have under-allocated overhead.
<u>Over applied manufacturing overhead:</u>
<u></u>
Applied overhead>Actual overhead
<u>Under applied manufacturing overhead:</u>
Applied overhead<Actual overhead
In this exercise:
Actual manufacturing overhead - Estimated Manufacturing overhead= 515000- 500000= 15000
The manufactured overhead was under-estimated.
Answer:
Dr. Cash $2,200
Cr. Unearned revenue $2,200
Explanation:
As the entry fee for the the racing event is received in advance. The event is on December 15 and the entry fee is received earlier to decide the participants of the race. This receipt is not considered as the revenue income until the event held and race is over. The unearned revenue is considered as the liability and recorded in unearned revenue account as action from the tony side is due. as Tony completes action which is the racing event, the revenue will be recorded.
Answer:
$7,500
Explanation:
Taxable income:
= Income from operations + Dividends received - Expenses from operations
= $200,000 + $15,000 - 140,000
= $75,000
Deductions is allowed only to the maximum extent of 10% of the taxable income of the corporation.
Therefore,
Kingbird's charitable contribution deduction:
= 10% of Taxable income
= 0.1 × $75,000
= $7,500
Answer: The correct answer is the first statement.
Explanation: Marginal revenue product measures the amount by wich the extra production of one more worker increases a firm's total revenue.
<u>It is an economic term used to describe the change in total income that results from a unit change of one type of input variable. There are many types of input variables that you can change, such as adding an employee or a new machine.</u>