Answer:
Oct 1
DR Cash............................................................................$20,000
CR Common Stock.........................................................................$20,000
Oct 2. No entry required
Oct 3
DR Office Furniture .....................................................$2,300
CR Accounts Payable................................................................$2,300
Oct 6
DR Accounts Receivable.............................................$3,600
CR Service Revenue - Realty services...................................$3,600
Oct 27
DR Accounts Payable ..................................................$850
CR Cash .......................................................................................$850
Oct 30
DR Salaries Expense ....................................................$2,500
CR Cash ..........................................................................................$2,500
The company's plantwide overhead rate is calculated to be $38.60 per machine hour.
The company's plantwide overhead rate can be calculated by dividing the sum of overhead costs of indirect labor and factory utilities by the total machine hours planned for the next year. As the overhead cost of indirect labor is $5,240,000 and the overhead cost of factory utilities is $550,000; the plantwide overhead rate can be calculated as follows;
plantwide overhead rate = (overhead cost of indirect labor + overhead cost of factory utilities) ÷ machine hours
plantwide overhead rate = $5,240,000 + $550,000 ÷ 150,000
plantwide overhead rate = 5,790,000 ÷ 150,000
plantwide overhead rate = 38.60
Therefore, the plantwide overhead rate is calculated to be $38.60 per machine hour.
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That is true, was that your question? :)
C sounds most correct.
please vote my answer branliest! Thanks.
Answer:
$28.57
Explanation:
Current price = D1/(Required return-Growth rate)
D1 (Next dividend) = $2
Required return = 10% = 0.1
Growth rate = 3% = 0.03
Current price = $2/(0.1-0.03)
Current price = $2 / 0.07
Current price = $28.57143
Current price = $28.57
Hence, i will be willing to pay $28.57 for a share of Merck stock.
