Answer: $10240
Explanation:
Based on the information that have been provided in the question, the planning budget for the utilities in June will be calculated as:
= Fixed expenses + (Budgeted activity × Variable cost per unit)
where
Fixed expenses = $8000
Budgeted activity = 3200 jackets
Variable cost per unit = $0.70
Therefore, planning budget will be:
= $8,000 + (3,200 × $0.70)
= $8,000 + $2240
= $10240
Important dsiclamer: there was a type in the question you enter 26,000 while in the textbook is for 20,000
Answer:
a. Decrease $1,200,000
Explanation:
Income before internal transfer:
revenue 3150
cost 1050
gross 2100
fixed (2100)
operating 0
external engine purchase (3000)
net (3000)
After internal change:
revenue 1050
cost (960)
gross profit 90
fixed (2100)
operating (2010)
internal engine purchase (1,050)
net (3,060)
difference -3060--3000 = 60
20,000 units x 60 = 1,200,000
Answer: See explanation
Explanation:
A bond’s (face value) is generally $1,000 and represents the amount borrowed from the bond’s first purchaser.
A bond issuer is said to be in (default) if it does not pay the interest or the principal in accordance with the terms of the indenture agreement or if it violates one or more of the issue’s restrictive covenants.
A bond contract feature that requires the issuer to retire a specified portion of the bond issue each year is called a (sinking fund provision).
A bond’s (call provision) gives the issuer the right to call, or redeem, a bond at specific times and under specific conditions.
The face value is the dollar value of a security, or a stock's original cost. Default means when the bond issuer doesn't agree with the stated terms of the bond.
Answer:
Date Account title Debit Credit
12/31/2019 Lease Receivable $175,934
Cost of Goods sold $120,000
Sales Revenue $175,934
Inventory $120,000
Date Account title Debit Credit
12/31/2019 Cash $40,800
Deposit Liability $40,800
The rental amount is constant and is made on the first day of the lease period so this is an annuity due.
As the collectability is probable, you need to find the present value of this lease:
= 40,800 * Present value of annuity due factor, 5 year, 8%
= 40,800 * 4.3121
= $175,933.68
= $175,934
Answer:
False
Explanation:
According to federal regulations each IRB shall have at-least 5 members, further, there shall be at-least one member with scientific expertise and one member with no expertise in science.
Total number shall not fall below 5 members.
Here it states, to have at-least two members are require to fulfill the requirement of membership. Thus, the above statement is false.
In case it is talking about only about the character being scientific expertise or not then it is true.
But total members are 5 and not 2 thus statement is false.
