Answer and Explanation:
The journal entries are shown below:
a. Note receivable Dr $3,800,000
To Cash $3,800,000
(Being the acceptance of the note is recorded)
For recording this we debited the note receivable as it increased the assets and credited the cash as it decreased the liabilities
b. Interest receivable Dr $38,000
To Interest revenue $38,000
(Being the interest revenue is recorded)
For recording this we debited the interest receivable as it increased the assets and credited the interest revenue as it increased the revenue
The computation is shown below:
= $3,800,000 × 6% × 2 months ÷ 12 months
= $38,000
,
Answer:
Direct Materials $ 14*20,000 = $ 28000
Direct Labor $ 14*1.9* 20,000 = $ 532,000
Variable Overhead $
14*1.9*1.2*20,000 = $ 638400
Fixed Overhead $
14*1.9*1.8*20,000 = $957600
Total Manufacturing Cost $ = 2156000
Less: Ending Inventory $ 107.8*730 = 78649
Cost of Goods Sold $2077306
Working:
Total Manufacturing Cost $ per unit = 2156000/ 20,000= 107.8 $
Ending Inventory $ 107.8*730 = 78649
Answer:
y = (x / 100) + 100
Explanation:
First, we need to know the amount of money that it spends on advertising for each extra unit sold. That would be equal to: 2,500 / 25 = 100
This value will be the divisor of the advertising expense (x) to obtain the variable factor of the number of units.
Since 100 units are already sold without investment, this value is taken as fixed and added.
And with the previous data, the formula remains:
y = (x / 100) + 100
Answer: Applicant's cognitive abilities
Explanation:
Cognitive ability could be defined as mental skills we need to projects or given activities within any capacity they would come. Cognitive ability looks at out ability to answer questions, learn, remember and pay attention.
It could also be seen as the ability of someone to perform different mental task where learning and solving problems are involved. Considering the interview, Francis would choose or make his choice based on how both candidate are able to solve problems and their approach to it.
Answer:
The bonds sold at: $122,106,600 dollars
Explanation:
We will calculate the present value of the coupon payment and the maturirty at market rate of 7%
C 2.7(90 millions x 6% / 2 payment per year)
time 20 10 years and 2 payment per year
discounted at market rate: 7% divide by 2 payment per year: 0.035
PV 76.3551
Then present value of maturity:
Maturity 90.00
time 10 years
rate 0.07
PV 45.75
PV coupon $76.3551
PV maturity $45.7514
Total $122.1066
