Answer:
Answer for the question:
The United States Bureau of Labor Statistics (BLS) conducts the Quarterly Census of Employment and Wages (QCEW) and reports a variety of information on each county in America. In the third quarter of 2016, the QCEW reported the total taxable earnings, in millions, of all wage earners in all 3222 counties in America.
is given in the attachment.
Explanation:
Answer:
Direct Materials $ 14*20,000 = $ 28000
Direct Labor $ 14*1.9* 20,000 = $ 532,000
Variable Overhead $
14*1.9*1.2*20,000 = $ 638400
Fixed Overhead $
14*1.9*1.8*20,000 = $957600
Total Manufacturing Cost $ = 2156000
Less: Ending Inventory $ 107.8*730 = 78649
Cost of Goods Sold $2077306
Working:
Total Manufacturing Cost $ per unit = 2156000/ 20,000= 107.8 $
Ending Inventory $ 107.8*730 = 78649
Answer:
Oct 1
Dr Supplies $620
Cr Accounts Payable $620
Oct 6
Dr Cash $350
Cr Fees Earned $350
Octd 7
Dr Equipment $2500
Cr Cash$900
Cr Accounts Payable $1400
Oct 9
Dr Accounts Payable $620
Cr Cash $620
Explanation:
Preparation of the journal entries
Oct 1
Dr Supplies $620
Cr Accounts Payable $620
Oct 6
Dr Cash $350
Cr Fees Earned $350
Octd 7
Dr Equipment $2500
Cr Cash$900
Cr Accounts Payable $1400
($2,500-$900)
Oct 9
Dr Accounts Payable $620
Cr Cash $620
Answer:
The IPO Process
One of the underwriters in the IPO deal described above is.
a. J.P. Morgan Securities Inc.
Explanation:
J.P. Morgan Securities Inc. and the following underwriters, Goldman Sachs & Co., Bear Stearns & Co. Inc., Credit Suisse First Corporation, and Lehman Brothers Inc. was involved in the Initial Public Offering (IPO) in 1999, where $3.6 billion was raised in the United States and Canada. An underwriter is a financial specialist, working closely with the issuing houses to determine the initial offering price of the securities. The underwriters usually buy the securities from the issuer and then sell them to investors using its distribution network.
Answer:
$9,000
Explanation:
Given that,
Trapp Company reported,
Net income for 2019 = $110,000
Dividends paid on November 1, 2019 = $60,000
Grape Company owns 15% of the common stock of Trapp.
Using a fair-value method,
Therefore,
Income earned by Grape company is as follows:
= 15% of the total amount of dividend paid
= 0.15 × $60,000
= $9,000
