Answer:
January
Explanation:
The overtime wages should be expensed in January as in the month of february, wages will be accrued and it will be liablity for employer.
The overtime worked in month on january should be paid in january itself and overtime expense should be included in wages payable in the month of January. When wages are paid, the owner of the factory should debit the wages payable account and cash account should be credited as amount of casg paid to the employees. Wages are considered as operating expenses of factory.
Bonds are a form of a debt captial
Answer:
If you require a return of 9.7 percent on the company’s stock, you will pay $47.61 for a share today .
Explanation:
Price today = Present Value of Dividends
Present Value of Dividends :
Year Dividend Discounting Factor(9.7%)
0 3.0000
1 8.00 0.9115770282588880
2 13.00 0.8309726784493050
3 18.00 0.7574956047851460
4 23.00 0.6905155923292130
year Present Value(Dividend* Discounting factor)
0
1 7.2926162260711000
2 10.8026448198410000
3 13.6349208861326000
4 15.8818586235719000
Present Value of Dividends 47.612040555616600
Therefore, If you require a return of 9.7 percent on the company’s stock, you will pay $47.61 for a share today .
Answer:
D. bank reconciliation.
Explanation:
A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.
In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.
Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent not-sufficient funds (NSF) checks.
A not-sufficient funds (NSF) checks refers to a check that isn't honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check.
In conclusion, a bank reconciliation is an internal report that is prepared in order to verify the accuracy of both the bank statement and the cash accounts of a business or individual.
Answer:
degree of operating leverage= 4.742
Explanation:
Giving the following information:
Contribution margin 73,500
Net operating income $ 15,500
<u>To calculate the degree of operational leverage, we need to use the following formula:</u>
degree of operating leverage= Total contribution margin / operating income
degree of operating leverage= 73,500 / 15,500
degree of operating leverage= 4.742
