Answer:Weight of Stock C=0.6974----- E
Explanation:
The Value of a stock is given as No. of Shares x Share Price
Therefore
Value of C = No. of Shares OF C x Share Price of Stock C= 265 x $50= $13,250
Value of D = No. of Shares of D x Share Price of Stock D= 230 x $25 = $5,750
Total value of Portfolio= Value of C + Value of D = $13,250 +$5,750 =$19,000
Also,
Weight of stock = value of stock/Total value
Therefore
Weight of Stock C = Value of C / Total Portfolio Value =
$13,250
/ $19,000=0.69736 = 0.6974
Answer:
Ending inventory value= $380,000
Explanation:
Giving the following information:
Costs per unit are: direct materials $25, direct labor $12, and variable overhead $1.
Ending inventory in units= 10,000
<u>Under the variable costing method, the unit product cost is calculated using direct material, direct labor, and variable overhead.</u>
Unit product cost= 25 + 12 + 1= $38
Ending inventory value= 38*10,000= $380,000
Answer:
Business (for profit organization).
Explanation:
A business (for profit organization) can be defined as a type of organization that is created to primarily generate more revenue than its operating costs by providing lawful and legitimate services to customers. By generating more revenue than operating costs, a business (for profit organization) is able to make profit.
Some examples of business (for profit organization) are privately owned establishments such as hospitals, hotels, restaurants, supermarkets, gas stations, etc.
Hence, an organization that is saddled with the responsibility of providing goods or services to consumers at a given price because it needs to make a profit is a business (for profit organization).
If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the receipt of cash would be journalized as Debit Cash, credit Unearned Revenue.
A receipt is documentation that something was purchased and paid for. If you plan to return something you purchased, you usually need it. On business trips, people keep track of their receipts so that their employers can reimburse them for any expenses they incurred. A less common usage of the word receipt is as a verb, as in "The clerk receipted my purchases," which means that the clerk provided written evidence that the things were paid for. Receipts are given out in business-to-business transactions as well as stock market transactions, in addition to the receipts that customers normally obtain from vendors and service providers. Both transactions on the stock market and business-to-business exchanges issue receipts. Furthermore, receipts are required as verification of some expenses for tax purposes.
Learn more about receipt here
brainly.com/question/9740546
#SPJ4
Answer:
Explanation:
The journal entries are shown below:
a. No entry passed
b. Office expense A/c Dr $38
To Cash $38
(Being bank service charges paid)
c. Cash A/c Dr $32
To Interest revenue $32
(Being interest received)
d. No entry passed
e. Accounts receivable A/c Dr $570
To Cash A/c $570
(Being check returned)
The deposit in transit and outstanding checks should not be recorded. So, no entry is passed.
