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vlabodo [156]
3 years ago
13

​Company's Manufacturing Overhead account is given below. Use this information to prepare the journal entry to adjust for overal

located or underallocated overhead.
Manufacturing Overhead
148,000 147,000
Business
1 answer:
BigorU [14]3 years ago
5 0

Answer:

Manufacturing overhead A/c Dr $1,000

      To Costs of good sold A/c $1,000

(Being the under allocated overhead is recorded)

Explanation:

The adjusting entries are shown below:

Manufacturing overhead A/c Dr $1,000

      To Costs of good sold A/c $1,000

(Being the under allocated overhead is recorded)

The computation is shown below:

= Manufacturing amount - the overhead amount

= $148,000 - $147,000

= $1,000

We simply debited the manufacturing overhead account and credited the costs of goods sold account

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According to the Capital Asset Pricing Model (CAPM), correctly priced securities:
miskamm [114]

Answer:

A) have zero alphas

Explanation:

Stock's alpha show show much they have over or under performed in relation to similar peer stocks. But if the stocks were correctly priced, then alpha should be 0 since no variation, either positive or negative should occur. Alpha basically measures the error in the stock's valuation. It is always better to have positive alphas because if you make a mistake then hopefully is in your favor, but alphas can also be negative and that equals unexpected losses.

This is why the CAPM model only considers beta in its calculation.

5 0
3 years ago
Consider a European put option with strike price $30 and time to expiration 1 month. Assume the underlying stock price does not
dexar [7]

Answer:

$7.90

Explanation:

Calculation for lower bound on the current value of the European put option

Using this formula

Lower bound current value for European put option = Ke^–rt –So

Where,

Rf represent risk free rate 4%

K represent (Strike price) = $30

(t) represent Time = 1 month = 1/12 year

(So) represent Stock price = $22

Let plug in the formula

Lower bound current value for European put option = [30e^–0.04 x (1/12) ] – 22

Lower bound current value for European put option = $29.90 – $22

Lower bound current value for European put option = $7.90

Therefore the lower bound on the current value of the European put option will be $7.90

6 0
2 years ago
Sam, a citizen of Tennessee, files a suit in a Tennessee state court against United Sales Corporation, a Wyoming company that do
trasher [3.6K]

Answer: .The correct answer is a). the case is being heard for the first time.

Explanation: A court has original jurisdiction over a case when a case is being heard for the first time.

This cases are heard directly without any intermediary or appellate review.

8 0
3 years ago
Read 2 more answers
On 12/31/X4, Zoom, LLC, reported a $55,500 loss on its books. The items included in the loss computation were $27,000 in sales r
IrinaVladis [17]

Answer:Ordinary Business income loss =-$20,500.

Explanation:

Ordinary business Expenses are the expenses generally accepted according to the  industry standards associated with running of a business.

Here, the ordinary business expenses for Zoom  include

cost of good sold= $19,-000

employee wages= $17,000

rent expense = $11,500 and therefore will be deducted from its sales revenue.

charitable contributions and qualified dividends, do not cut across all industries and so are not classified under Ordinary Buisness expences.

Ordinary Business income loss = Sales revenue - cost of good sold, -employee wages- rent expense.

$27,000- $19,000-$`17,000-$11,500= -$20,500. to be reported on its X4 return

6 0
3 years ago
Suppose that, at a given level of disposable income, consumers decide to save more. Explain what effect this decision will have
-Dominant- [34]

Answer: decrease ; less saving

Explanation:As people attempt to save more, the result is both a decline in output and unchanged saving. Although people want to save more at a given level of income, their income decreases by an amount such that their saving is unchanged. As people save more at their initial level of income, they decrease their consumption. But this decreased consumption decreases demand, which decreases production. A change in autonomous spending has a different effect on output than the actual change in autonomous spending.

7 0
2 years ago
Read 2 more answers
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