Answer: $13,700
Explanation:
Given the following :
Month of September:
Direct materials = $2300
Direct labor used = $3800
Overhead = 200% of direct labor cost incurred
Therefore September overhead :
200% × $3800
2 × $3800 = $7,600
Work in process account at the end of September :
Direct labor cost + direct material cost + overhead
$3800 + $2300 + $7600 = $13,700
Answer:
<u>investing activities:</u>
acquisition of land (211,000)
sale of land (101,000)
<u>Operating Activities:</u>
gain on sale: NO EFFECT if direct method is used
adjusting the net income if the indirect method is used.
Explanation:
The cash disbursmenets and cash proceeds fro mthe purhcase and sale of land respectevely will appear as investing activities.
The gain on the sale will adjust the net incoem if the company used indirect method to determinatethe cash from operating activities.
As is a non-monetary term It will be removed.
If the company used the direct method there will be no mention to the gain on sale.
The answer is $76.54 Let us use 3 months as our period. Thus, we restate the annual required rate of9.25% as a quarterly (or three-month) rate of = 2.3125% (or 0.023125). Applying the constant dividend model with infinite horizon and with the quarterly rate of return and a quarterly dividend of $1.77, we get: = $76.54<span>.
Price of Preferred Stock = Dividend / required return of rate - growth rate</span>
Answer: $72
Explanation:
Opportunity cost is the cost incurred or benefit foregone by selecting some other alternative which gives the some level of satisfaction.
It is totally depend upon the preferences of the consumers or individuals.
The opportunity cost of seeing Bruce Springsteen is $72(= $134 - $62) that is the difference between actual ticket price and willing to pay for U2 concert.
