Answer and Explanation:
The journal entries are shown below:
a.
Work in process inventory ($4,640 + $5,510 + $6,612 + $12,760 + $18,270) $47,792
Factory Overhead $12,500
Factory Wages $60,292
(being the factory labor cost is recorded)
b.
Work in process inventory ($47,792 ÷ 29 × 23) $37,904
To Factory Overhead $37,904
(being the factory overhead applied to production is recorded)
Answer:
a) real income in one year = $65,000/1.05 = $61,904.76
real income in two year = $65,000/1.05² = $58,956.92
real income in three year = $65,000/1.05³ = $56,149.44
b) if you have a COLA agreement, then your salary will adjust to inflation. This means that your real salary will remain the same during the 3 years = $70,000 per year.
In this case, your nominal salary will increase by 5% each year, but your salary will remain equal.
Answer:
There are Three Functions of money.
Explanation:
<span>In
order to respond properly to questions in a non-aggressive and professional
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answer and ask follow up questions to ensure you have been understood. In case
of doubt, ask for more time to study about the matter and get the answer back
to the person later.</span>
Answer:
A. $0.70 per share.
Explanation:
Calculation for preferred stockholders anticipation of receiving annual dividends
Annual dividends= Par value × Fixed Annual dividend rate
Let plug in the formula
Annual dividends= $14 per share × 0.05
Annual dividends= $0.70 per share
Therefore If sufficient dividends are declared, preferred stockholders can anticipate receiving annual dividends of:$0.70 per share