Answer: 11.32%
Explanation:
Given the above variables, the total compound return can be calculated by;
= (1 + r)(1 + r₂)(1 + r₃)...(1 + rn) - 1
= (1 + 10%)( 1 + 15%) (1 - 12%) - 1
= 11.32%
Answer:
A) Cash (debit) 180,000; Common stock (credit) 150,000; Additional paid-up capital-common stock (credit) 30,000 - Debit - Credit = 0
B) Cash (debit) 255,000; Preferred stock (credit) 250,000; Additional paid-up capital-preferred stock (credit) 5,000 - Debit - Credit = 0
C) Cash (debit) 900,000; Common stock (credit) 600,000; Additional paid-up capital-common stock (credit) 300,000 - Debit - Credit = 0
Explanation:
In Eastport Inc.´s case all 3 situations are similar, shares (Stockholders´Equity) increased, so credits in 4 accounts, according to the type of shares that are issued, must be registered: Common stock, Preferred stock, Additional paid-up capital-common stock, Additional paid-up capital- preferred stock. We will recognize the par value and stated value of the shares and the difference between this and the price paid by shareholders will be recognized as additional paid-up capital. Also, cash (Asset) is received as payment for the shares so a debit must be registered in the account Cash.
Answer:
mixing WIP 10,000
packaging WIP 28,000
raw materials inventory 38,000
mixing WIP 8,000
packaging WIP 36,000
wages payable 44,000
mixing WIP 12,000
packaging WIP 54,000
Factory overhead 66,000
packaging WIP 21,000
mixing WIP 21,000
FInished Goods 106,000
packaging WIP 106,000
Explanation:
the cost for each department are assignet
then we transfer from mising to packing
and finally from packaging to finished goods.
Answer:
d. 6 years
Explanation:
Depreciation is the loss of value of an asset over a period of time. The asset has a useful life period after which it is referred to as scrap.
The value of the asset after it's useful life is called the salvage value.
Useful life of an asset is estimated and deductions in its value are made till the useful life is exhausted.
In this scenario the useful life was initially taken to be 6 years.
After 4 years it was realised a mistake wasade and useful life is supposed to be 10 years
Since useful life of the asset remains contstant, the remaining years of useful life is the real estimate of useful life less years already used.
Remaining useful life = 10 - 4 = 6 years
