Answer:
$193,000
Explanation:
Carter Company
Sales 4,525,000
Cost of goods sold <u>-2,550,000</u>
1,975,000
Operating expenses <u>-1,372,000</u>
Net Income 603,000
Average invested assets 4,100,000
Target income 10% 410,000 <u>410,000</u>
Residual income <u>$193,000</u>
Answer:
Inflation rate= 0.03 = 3%
Explanation:
Giving the following information:
Nominal interest rate= 0.05
Real interest rate= 0.02
<u>To calculate the inflation rate, we need to use the following formula:</u>
Real interest rate= nominal interest rate - inflation rate
Inflation rate= nominal interest rate - real interest rate
Inflation rate= 0.05 - 0.02
Inflation rate= 0.03 = 3%
Answer:
Entry is given below
Explanation:
Entry for factory labor cost
DATE ACCOUNT DEBIT CREDIT
DEC 31 Work in Progress(w) $97,780
Factory overhead $6,340
Wages payable $104,120
Working
Work in progress = 3,860+4,300+24,500+18,600+7120+7400+32,000
Work in progress = 97,780
NOTE: Work in progress is sum of all direct labor cost
Factory Overhead = all indirect labor cost which is only $6,130
Answer:
A) is used to determine minimum legal capital balances at issuance
Explanation:
The par value of stock represents the minimum amount that must be paid per share. Par value is also referred as the Face Value or Nominal Value of common stock. The Par Value of common stock is derived by Par value per share * No. of Issued Shares.
