Answer:
Estimated manufacturing overhead rate= $29.84 per machine hour.
Explanation:
Giving the following information:
Hibshman Corporation bases its predetermined overhead rate on the estimated machine-hours. The Corporation estimated the machine-hours for the upcoming year at 10,000 machine-hours. The estimated variable manufacturing overhead was $6.82 per machine-hour and the estimated total fixed manufacturing overhead was $230, 200.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (230200/10000)+6.82= $29.84 per machine hour.
Answer:
Shareholders for dividends $93,000 (debit)
Cash $93,000 (credit)
Explanation:
Autumnâ Services, Inc holds a 12 % voting stock in Springâ Metals therefore it does not have control in terms of IFRS 10 and no consolidated statements must be produced.
The Acquisition of shares is thus a Financial Asset for Autumnâ Services, Inc.
February 15, 2019
<em>When dividend is declared, recognize an equity item and a Liability in Spring Metals</em>
Dividend $93,000 (debit)
Shareholders for dividends $93,000 (credit)
Dividend = 124,000×$ 0.75 per share
= $93,000
March 2, 2019
<em>De-recognise the liability and de-recognise the cash asset in Spring Metals</em>
Shareholders for dividends $93,000 (debit)
Cash $93,000 (credit)
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Answer:
Correct option is G
Explanation:
Since required return on investment =10%
Thus discount factor = 1.1
Present value of stock = 2.2/1.1 + (14.6 + 2.4)/1.1^2
= $16.04
Answer:
The clients may initiate a civil lawsuit to recover their losses
Explanation:
It is assumed that the agent sold the securities with an intention to defraud. Under the Uniform Securities Act, the client may initiate a civil lawsuit so as to recover losses. Clients would sue based on the fact that the securities were unregistered and non-exempt while attempting to get back what they have lost in finance, attorney fees, and interest inclusive. These 3 damages are only applicable to insider trading.
Buy what u need when u need it not what u want when u want my dad always said