Answer:
$256,284
Explanation:
The computation is shown below:
First, Calculate the predetermined overhead rate per hour which equals to
= (Estimated manufacturing Overhead cost ÷ estimated machine hours)
= ($235,900 ÷ 20,800 hours)
= $11.34 per hour
So, the applied overhead or manufacturing overhead allocated equals to
= Predetermined overhead rate per hour × actual machine hours
= $11.34 per hour × 22,600 hours
= $256,284
Answer:
One share of this stock worth today if the required rate of return is 7.4 percent is $ 3.24
Explanation:
According to the details the dividend for the next 2 years = $1.80 a share and the required return is=7.40%.
Hence to calculate current price of stock we have to use the following formula:
current price= present value of future cash flows
current price=$1.80/1.074 + $1.80/1.074∧2
current price= $ 3.24
current price of stock is $ 3.24
Answer:
$5,000
Explanation:
The depreciation by Green Company in respect of truck for the first year of operations shall be calculated using the following mentioned formula;
Depreciation for the year= (Cost of asset-Residual value)/useful life
Cost of asset=$30,000
Residual value=$5,000
useful life=5
Depreciation for the year=($30,000-$5,000)/5=$5,000
Answer:
$84
Explanation:
Calculation for what is the value of HON shares
Using this formula
Value of HON shares=(Expected dividend next year)/(Discount rate -Growth rate of dividend)
Let plug in the formula
Value of HON shares= 4(1+.05)/(.10-.05)
Value of HON shares= (4.2/ .05)
Value of HON shares= $84
Therefore the Value of HON shares will be $84
Answer: The correct answer is d. Single endorsement of checks
Explanation: To achieve independent checks employees can be transfered, made to go on mandatory vacation or periodical audit done.
However, single endorsement of checks creates room for fraud as the employee will be at liberty to access the companies fund without checks and balances.
