One that would be beneficial to myself and my family.
Answer: $18,100 unfavorable
Explanation: It should be noted that the total variable overhead variance for the month of June is $18,100. Nonetheless, to our surprise it appears unfavourable despite the fact that Speaker City uses a standard variable overhead rate of hours per unit at a cost of per hour.
Answer: If the first company is in the introductory phase, and the second company is in the decline phase, in the comparative balance sheet Enrico can find that in the company that is in the introductory phase the balance of long-term assets increases from year to year. year while in the company that is in the phase the balance of long-term assets decreases from year to year.
Answer: 8.23%
Explanation:
Firstly, we will calculate the cost of debt which will be:
= Yield (1-Tax rate)
= 9% × (1-0.34)
= 9% × 0.66
= 5.94%
Then, the Cmcost of preferred stock will be:
= 7/(104-9.40)
= 7/(94.6)
= 7.39%
We will also get the value of the cost of equity which will be:
= (Dividend expected common/Price common) + growth rate
= (2.50/76) + 8%
= 3.29% + 8%
= 11.29%
For Debt:
Cost after tax: 5.94
Weight = 50%
Weighted cost = 5.94 × 50% = 2.97
For Preferred stock:
Cost after tax: 7.39
Weight = 1%
Weighted cost = 7.39 × 10% = 0.74
For Common equity
Cost after tax: 11.29
Weight = 40%
Weighted cost = 11.29 × 40% = 4.52
Weighted average cost of capital = 2.97 + 0.74 + 4.52 = 8.23%
Answer: Sales, receivables and Cash
Explanation: The amount of cash received from customers can be derived by preparing a journal entry that includes: sales, receivables and bank
Sales: sales is the actual exchange of product/service for cash. sometime, sales can be cash sales or credit sales.
for cash sales: Debit: Bank/Cash and Credit: Sales
for credit sales: Debit: Receivable account and Credit Sales
Receivable Account: This is an account were sales on credit(sales made without cash payment) are recorded until the debt is paid.
here, we Debit: Cash/Bank and Credit: receivable account
Cash: this is an account maintained for cash received from sales or from debtors. when cash is received: Debit Cash and credit account receivable /sales account.