Answer:
Explanation:
1. The computation of the balance in retained earnings is shown below:
= Beginning retained earning balance + adjusted net income
where,
Beginning retained earning balance is $780,000
And, the adjusted net income is = Inventory × ( 1 - tax rate)
= $60,000 × (1 - 40%)
= $36,000
Now put these values to the above formula
So, the value would equal to
= $780,000 + $36,000
= $816,000
2. The journal entry is shown below:
Inventory A/c Dr $60,000
To Retained earning A/c $36,000
To Tax payable A/c $24,000
(Being inventory is adjusted and the remaining balance is credited to tax payable account)
Answer:
$1,174.75
Explanation:
The computation of the invoice price of the bond is shown below:
As we know that
Invoice Price of Bond = Ask Price of Bond + Accrued interest
where,
Ask Price is
= $1,000 × 116%
= $1,160
Interest accrued for 3 months is
= $1,000 × 5.90% × 3 months ÷ 12 months
= $14.75
So,
Invoice Price of Bond is
= $1,160.00 + $14.75
= $1,174.75
The answer is most definitely google docs
Answer:
Customer Cost Marginal cost Total Revenue Profit
1 $30 0 10 -20
2 $32 2 20 -12
3 $35 3 30 -5
4 $38 3 40 2
5 $42 4 50 8
6 $48 6 60 12
7 $57 9 70 13
8 $68 11 80 12
Therefore, profit from the 7th customer load is the highest. So, he want 7th customer load.
