Answer:
B 30 percent
Explanation:
Initial cost of production = (2×$10) + (5×$4) + (8×$3) = $20+$20+$24 = $64
New cost of production = (2×$10) + (5×$8) + (8×$3) = $20+$40+$24 = $84
% rise in cost of production = (new cost - initial cost)/initial cost × 100 = (84 - 64)/64 ×100 = 20/64 × 100 = about 30%
The total of the assets in a balance sheet is equal to the summation of the owners' equity capital and the total liabilities of the firm.
<h3>What is a balance sheet?</h3>
Balance sheet is the financial statement of an organization that gives the details about the financial position of the company at the end of the financial period.
In the above case, the total of the assets is $50000 and the total of the equities and liabilities tallies the amount of assets. An image for the same has been attached for better reference.
Thus, the equation of the balance sheet holds true in the case of ABC Rentals.
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Answer:
The correct answer is letter "E": "A" and "B".
Explanation:
In order to accomplish its monetary policy, the Federal Reserve (<em>Fed</em>) buys and sells securities in the open market to control the money supply. If there is more money supply in the open market, loan rates will decrease allowing investors to access more capital. At the same time, the Fed reserves and assets will increment.
Answer:
$5,360
Explanation:
The adjusting entry is shown below:
Bad debt expense $5,360
To Allowance for doubtful debts $5,360
(Being the bad debt expense is recorded)
For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful accounts as it reduced the assets
The computation is shown below:
= $91,000 × 5% + $810
= $5,360
Answer:
1,100 units; 1,050 units
Explanation:
Calculation to determine the equivalent units for direct materials and conversion costs, respectively, for March
DIRECT MATERIALS CONVERSION COSTS L
Completed and transferred out
1,000 units 1,000 units
(300 units+800 units - 100 units)
Add Work in process, ending
100 units 50 units
(50% Complete*100 units=50 units)
Total equivalent units
1,100 units 1,050 units
Therefore the equivalent units for direct materials and conversion costs, respectively, for March will be 1,100 units; 1,050 units
