Answer:
equity = 45,800
Explanation:
working capital: current assets - current liaiblities = 41,300
net book value of long term assets: 97,400
long term debt 102,800
we will work with the accounting formula to solve for equity:
assets = liaibltiies + equity
we divide assets and liabilities in current and non-current:
current assets + long term assets = current liabilities + long-term debt + equity
we rearrenge the formula in order to sovle for equity:
(currnet asets - current liabilities) + long term assets - long-term debt = equity
41,300 + 97,400 - 92,900 = equity
equity = 45,800
Answer:
Explanation:
The journal entry is shown below:
Work in Process-Molding A/c Dr $3,000
To Accounts Payable Control $3,000
(Being the purchase and used production is recorded)
The computation of the purchase amount is shown below:
= Number of kgs purchased × price per kg
= 500 kgs × $60
= $3,000
The other information which is given is not considered. Thus, ignored it
Answer:
Sharing Economy
Explanation:
Based on the information provided within the question it can be said that this is an example of the Sharing Economy. This term refers to a different and unique way of distributing goods and services that is different from the traditional methods or models that companies use today when dealing with hiring employees and/or selling their product. Which is what Carol and Evans are doing by developing their own software.
Answer:
43,000 units
Explanation:
The computation of the produced units is shown below:
= Units sold + Ending Inventory units - Beginning Inventory units
= 42,000 units + 18,500 units - 17,500 units
= 43,000 units
We simply added the ending inventory units and deduct the beginning inventory units to the units sold so that accurate units can come
Answer:
Allocated MOH= $48,000
Explanation:
Giving the following information:
Estimated overhead= $240,000
Product A1 Product B1
Machining hours 1000 4000
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 240,000/5,000
Predetermined manufacturing overhead rate= $48 per machine-hour
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 48*1,000
Allocated MOH= $48,000
