Answer:
1. There are 2,600 units in ending inventory.
2. Costs per unit under absorption costing $ 123
3.Value of ending inventory $ 319,800
Explanation:
Calculation of Ending inventory units.
Ending Inventory Units : Opening Units + Units produced - units sold
300 + 15,000 - 12700 = 2,600 units
Calculation of per unit cost under absorption costing
Under absorption costing, direct manufacturing costs as well as indirect factory overheads are considered.
Per units costs
Direct Materials $ 20
Direct Labour $ 60
Variable overhead $ 13
Fixed Overhead $ 30
Total costs per unit $ 123 under absorption costing
Calculation of ending inventory under absorption costing
The ending inventory calculated earlier of 2.600 units is multiplied by the per unit costs of $ 123 per unit to get the value of the ending inventory
$123 * 2600 units = $ 319,800
Answer:
Price of bond=$691.034
Explanation:
The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).
Value of Bond = PV of interest + PV of RV
Let us assume the bond had a per value of 1000 and also redeemable at par
The value of the bond can be worked out as follows:
Step 1
<em>Calculate the PV of interest payments</em>
semi Annual interest payment
= 8.5% × 1000 × 1/2= 42.5
PV of interest payment
= 42.5 × (1-(1.0629)^(-25×)/0.0629)
=643.6780
Step 2
PV of redemption Value
PV = 1000 × (1-(1.0629)^(-25×2) = 47.35
Step 3
Price of bond
=643.678 + 47.356
=$691.034
Price of bond=$691.034
Answer:
D) $130,000
Explanation:
We can compute this by calculating the total dividends payable to preferred stock holders each year.
Dividends payable = 10,000 * 90 * 0.10 = $90,000
Since the shares are cumulative, the total preferred dividend payable at the end of third year is = $90,000 * 3 = $270,000
So common share in dividend = Total paid - Preferred dividend cumulative
Common Dividend share = 400,000 - 270,000 = $130,000
Hope that helps.
Answer:
100,000 units
Explanation:
The computation of the transferred out units of the process is shown below:
= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion
= 90,000 units × 100% + 10,000 units × 100%
= 90,000 units + 10,000 units
= 100,000 units
All other information which is given is not considered. Hence, ignored it
Answer:
The correct answer is letter "C": There should be discussion and well understood ways that the partners will handle disagreements and have a written exit strategy.
Explanation:
The Model Business Corporation Act (<em>MBCA</em>) is a set of laws meant to regulate business practices. The Act or at least part of it is accepted by every state of the U.S. The MBCA goes over different topics related to the establishment of a corporation such as the steps related to creating the firm, the liability and its effects, corporate management structure and good practices to avoid internal misunderstandings.
