Answer:
To register in a journal entry the movement for which a part of machinery costing $ 15000 at profit of $ 5000 is sold, the following accounting record must be made:
-Goods exit = - $15,000
-Cash entry = $15,000
-Profit entry = +$5,000
Answer: d. 0.91%
Explanation:
Farmers Bank
Effective annual rate is calculated with the formula:
= (1 + Rate / number of compounding period in a year) ^ number of compounding periods in a year - 1
= ( 1 + 5%/4 quarters) ⁴ - 1
= 5.09%
Merchants bank's rate is already an annual figure so there is no need for conversion.
Difference is:
= 6% - 5.09%
= 0.91%
Answer:
Mulch next to wood siding may lead to wood rot.
Explanation:
Based on the scenario being described within the question it can be said that Maura was noting this as a concern because Mulch next to wood siding may lead to wood rot. This mulch can hold moisture for extended periods of time which may cause the wood to rot. Once the wood rots it is too late and must be replaced which depending on the location of the wood can be extremely expensive.
Answer:
the investment earnings in the account are tax-free. Also, when you reach age 59½ and have had the account open for at least five years, withdrawals are tax-free.
Explanation:
Answer:
Breakeven in units 200 units of shirts
Explanation:
Breakeven point is defined as the point where total revenue is equal to the expenses incurred. It is important to businesses because when they target production above this level they will make profit.
Breakeven in units= Fixed cost/ contributing margin
Contributing margin is the revenue minus the variable cost
Breakeven units= 8,000/40
Breakeven units= 200 units
So the business will have cost that will be equal to revenue at this point. If they want to make more profit they will produce more units.
