Answer:
$17,910
Explanation:
With regards to the above, we would calculate the company's up to date ending cash balance as;
Up to date ending cash balance = Ending cash balance per books + Interest received from bank - NSF check
Up to date ending cash balance = $18,000 + $170 - $260
Up to date ending cash balance = $17,910
*Please note that outstanding checks and deposits in transit are used mainly to reconcile bank statements and not cash or book balance.
Answer:
The correct option is A,5.72 times
Explanation:
The number of times that interest charges gives a sense of how financial stable is in its ability to pay interest on bonds as at when due.It is key consideration for prospective bondholders when assessing whether to buy bonds in a particular company
Number of times interest charges earned=net income before interest/interest
net income before interest charges=net income+interest charges
net income is $340,000
interest charges=$1,200,000*6%=$72,000
net income before interest charges=$340,000+$72,000=$412,000
number of times interest was earned=$412,000/$72,000=5.72
Answer:
$18.84
Explanation:
Firstly, we need to find the volume of the solid shape. We have identified the solid shape to be a cone.
The volume of a cone is v = 1/3 π r^2 h
Here π = 3.14, r = d/2 = 2/2 = 1 inch and h = 9 inches
V = 1/3 * 3.14 * 1 * 1 * 9 = 9.42 cube.inches
Total value of liquid in the container is thus 9.42 * $2 = $18.84
Answer:
Variable Overhead Rate Variance - $55 favorable
Variable Overhead Efficiency Variance - $275 favorable
Over applied efficiency variance - $330 favorable
Explanation:
The computations are shown below:
Variable Overhead Rate Variance = Actual Hours × (Actual Rate - Standard variable overhead Rate)
= 1,100 hours × ($2.70 - 2.75)
= $55 favorable
Variable Overhead Efficiency Variance = Standard variable overhead Rate × (Actual Hours - Standard Hours)
= $2.75 × (1,100 hours - 1 × 1,200)
= $275 favorable
So, the over-applied variable overhead would be
= $55 favorable + $275 favorable
= $330 favorable
Answer:
b. 1 and 4
Explanation:
Current account contains information on a country's trade balance plus net income and direct payments
Export is when a country sells its product to other countries.
Import is when a country buys goods and services from other countries
When import exceeds export it means that the country is spending more than it receives as income from import. Thus, there's a deficit in the current account. A deficit occurs when import exceeds export
I hope my answer helps you
