Retained Earnings = $86,000
Accounting Equation…Assets= Liabilities + Owners Equity
Assets (Cash, acct rec, equipment, building, land) = $421,000
Liabilities (Notes payable, accounts payable)= $260,000
Equity (capital stock) = $75,000
Liabilities + Equity= $335,000
Retained Earnings flows into equity
$421,000-$335,000= $86,000
$335,000+86,000= $421,000
So the equation balances.
Answer and Explanation:
The computation is shown below:-
a) raw-materials is
= (8,000 - 7,600) × $80
= $32,000
b) work in process 7,500 batteries x $80 x 10%
= $60,000
c) Finished goods = 7,500 batteries × $80 × 90% × 30%
= $162,000
d) cost of goods sold 7,500 batteries x $80 × 90% × 70%
= $378,000
e) selling expense is
= 100 × $80
= $8,000
Total 8,000 batteries purchased × $10 per battery is
$80,000
2. Specification is shown below:
a) rawmaterials stock $32,000 Balance Sheet
b) work inprocess $60,000 BalanceSheet
c) Finishedgoods stock $162,000 BalanceSheet
d) cost of goodssold $378,000 IncomeStatement
e) sellingexpense $8,000 IncomeStatement
Answer:
$961.42
Explanation:
firstly, we calculate the clean clean price below:
FV= 1,000
PMT= 40 (80 / 2)
I= 4.5 (9 / 2)
N= 14 (7 × 2)
Thus, PV= 948.89
Accrued Interest = coupon × (days since last payment/days in current coupon period)= 40 × (57 / 182) = 12.53
conclusively, dirty price = 948.89 + 12.53 = 961.42
Answer:
FED raise the federal funds rate target by 0.5%
FED raise the federal fund rate target by 2%
Explanation:
Taylor Rule states that Federal Funds should raise rates when inflation rises. When Gross domestic products growth of a country is high and above potential level then FED should raise rates. When inflation rises by 1% above target level then federal funds should raise FED by 2%.
Employee Benefit refers to the division of a company's profits among its workers.
Employee perks, also known as fringe benefits, perquisites, or perks, refer to various forms of non-wage remuneration given to employees in addition to their regular earnings or salaries. Employee perks, particularly in British English, also refer to rewards in kind.
Salary packaging or salary exchange arrangements are situations where an employee trades in (cash) compensation for another type of perk. The majority of employee benefits are at least partially taxable in most nations. Housing (provided by the employer or paid for by the employer), furnished or not, with or without utilities free, group insurance (health, dental, life, etc.), disability income protection, retirement benefits, daycare, tuition reimbursement, sick leave, and paid vacation are some examples of these benefits.
Learn more about Employee Benefit here.
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