Answer:
A) the downpayment wil be for 82,500 dollars at 4% interest yield
B) the downpatment will be for 55,000 if the interest yield is 6% rathen than 4%
Explanation:
The cost of the course is 1,100
The endownment will be for three students so:
3,300
Now we calculate the value of the perpetuity
The perpetuity is an annuity on which time goes to infinity, this leaves the formula like this:
Perpetuity = C/r
considering the interest rate will be of 4%
3,300 / 0.0.4 = 82,500
If the interest yield were 6% then:
3,300/0.06 = 55,000
<span>A typical married couple would probably be a. Gilbert would be for splitting the household chores on the basis of time spent on each task. However, it is a bit unusual to actually calculate the time it takes for each task. B. and c. doesn't make sense. D. is also valid, however.</span>
Answer:
Cost of Job 1
Materials $ 950
Factory Labor $ 2300
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4970
Cost of Job 2
Materials $ 1460
Factory Labor $ 1800
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4980
Cost of Job 3
Materials $ 710
Factory Labor $ 1590
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4020
Explanation:
Preparation for the job cost sheets for each of the three jobs.
JOB COST SHEETS
Job1 Job2 Job 3
Materials $950 $ 1460 $710
Factory Labor $2300 $ 1800 $1590
General Factory
Indirect material $ 610 $ 610 $610
Indirect labor $ 1110 $ 1110 $1110
Total $4970 $4980 $4020
Cost of Job 1
Materials $ 950
Factory Labor $ 2300
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4970
Cost of Job 2
Materials $ 1460
Factory Labor $ 1800
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4980
Cost of Job 3
Materials $ 710
Factory Labor $ 1590
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4020
Therefore the job cost sheets for each of the three jobs will be:
Cost of Job 1
Materials $ 950
Factory Labor $ 2300
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4970
Cost of Job 2
Materials $ 1460
Factory Labor $ 1800
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4980
Cost of Job 3
Materials $ 710
Factory Labor $ 1590
General Factory:
Indirect material $ 610
Indirect labor $ 1110
Total $ 4020
Answer:
$0
Explanation:
Persephone's regular tax liability of $12,475 exceeds the tentative minimum tax of $11,500. Therefore, she does not owe an alternative minimum tax liability hence the answer becomes $0.
Side note: If it were otherwise(tentative minimum > regular tax liability), she would have owed the difference between the two tax liability amounts.
Answer:
C. a debit to Bad Debts Expense account
Explanation:
using the direct write-off method, we do not use the allowance. At write-off we recognize the directly the bad debt expense and decrease the accounts receivable.
Is important to notice that the direct method violates the accounting matching principles as, it recognize an expense based on events which occured at prior periods