Answer:
The adjusted cash balance per bank at July 31 is $8,615.
Explanation:
Outstanding checks are the ones which the business has issued and recorded, but which the bank has not yet cleared. Hence, Sandhill Co. should deduct this amount from the cash balance per bank.
Deposits in transit are the deposits that are received and recorded by the business, but which the bank has not yet processed. Hence, Sandhill Co. should add this amount to its cash balance per bank.
The bank service charge is already accounted for in the cash balance per bank and requires no further treatment.
Therefore,
Initial cash balance per bank $8,140
Less: Outstanding checks ($770)
Add: Deposits in transit $1,245
Adjusted cash balance per bank $8,615
Overhead rate per direct labor cost: 180%
Overhead rate per direct labor hour: 18
Overhead rate per machine hour: 9
Procedure:
Overhead rate per direct labor cost
= 894600 ÷ 497000
= 1.8
= 1.8 × 100
= 180%
Overhead rate per direct labor hour
= 894600 ÷ 49700
= 18
Overhead rate per machine hour
= 894600 ÷ 99400
= 9
Divide each operating activity cost by manufacturing overhead cost
What is overhead rate?
The overhead rate is a cost that is incurred during the manufacturing of a product or service. Overhead costs are expenses that are not directly related to production, such as corporate office costs. An overhead rate is applied to the direct costs associated with production to allocate overhead costs by spreading or allocating overhead costs based on specific measures.
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Answer:
Current price of share=40.1
Explanation:
The current value of a share is the present value of future dividends in perpetuity, discounted at the cost of equity (i.e. the return required by the providers of equity capital).
Based on the above discussion the share price shall be calculated as:
Present value of year 1 dividend=11(1+12%)^-1=9.82
Present value of year 2 dividend=8(1+12%)^-2=6.38
Present value of year 1 dividend=5(1+12%)^-3=3.56
Present value of year 1 dividend=2(1+12%)^-4=1.27
Present value of dividend after year 4=(d(1+g)/ke-g)(1+ke)^-4=(2(1+5%)/12%-5%)(1+12%)^-4=19.07
(Assuming that dividend growth rate is 5% after year 4)
Current price of share=40.1
(9.82+6.38+3.56+1.27+19.07)
Answer:
They work within the company that allows them to do so. Vs. others that don't.
Explanation:
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Answer:
the amount of loss on the sale is $4,360
Explanation:
the computation of the amount of Tom's income or loss on the sale is shown below:
= 2,180 shares ×$12 - 2,180 shares × $14
= $26,160 - $30,520
= $4,360
Hence, the amount of loss on the sale is $4,360
The same should be relevant