Answer:
units transferred to the next department = units in beginning wip + units started into production - units in ending wip
= 8400 + 52800 - 3700
= 57,500 units
Units completed and transferred out : Conversion
Units transferrd to the next deptt 57,500
cost per unit $9.56
Cost of units completed and transferred out $549,700
The voting rights are apportioned according to the capital contributions. The members of the firm are required to contribute based on their shares in the company. The contributed capital would wrap up the total amount of stocks that can be purchased by another company that would like to buy it.
Answer:
Explanation:
All revenues generated and expenses incurred during a given period are reported in the income statement.
The stockholder equity statement contains the common stock and the retained earnings that could be used to calculate the ending balance.
The balance sheet reports the assets and liabilities of the company
So the categorization is shown below:
1. Common stock = Stockholder equity
2. Equipment = Fixed asset
3. Salaries payable = Current liabilities
4. Service revenue = Revenue in the income statement
5. Utilities expense = Expense in the income statement
6. Supplies = Current asset
7. Research and development expense = Expense in the income statement
8. Land = Fixed asset
9. Income tax payable = Current liabilities
10. Interest payable = Current liabilities
Note: Please find the attachment that contains the full question
Answer:
c. $42,000 increase
Explanation:
The computation of the change in cash realizable value is shown below:
= Adjusted cash balance - Cash realizable value
where,
Adjusted cash balance = Ending balance of accounts receivable + sales on account - collections - written off amount - bad debt expense
= $525,000 + $145,000 - $86,000 - $8,000 - $54,000
= $522,000
And, the cash realizable value is $480,000
Now put these values to the above formula
So, the value would be equal to
= $522,000 - $480,000
= $42,000 increase
Answer:
The aggregate return for the last year is 11.61%
Explanation:
The return on any asset is the increase in price, in addition to any dividends or the cash flows, which is divided by the initial price. Since, the preferred stock is assumed to have a $100 par value of, the dividend amounts to $6.60, therefore, the return for the year would be:
Return (R) = (Market Price - Stock Price + Dividend) / Stock Price
R = ($102.42 - $97.68 + $6.60) / $97.68
R = .1161, or 11.61%
