Answer:
credit to interest revenue for $132
Explanation:
given data
face value = $8,800
interest rate = 6 %
time = 90 days
solution
if we see here journal entry that is
date particular debit credit
October 30 cash A/C $8932
to notes payable $8800
to interest revenue $132
( $8800× 6% × 
)
so here credit to interest revenue for $132
Financial planner will be able to go over the benefits and restrictions of a 529
This are the record of both the sale on the books of Garth Company and the purchase on the books of Kyle Enterprises
Journal entry on Gerth Company Books
Dr Account receivable 1,100
Cr Sales 1,100
Cr Cost of goods sold 600
Cr Inventory 600
Journal entry on Kyle’s books:
Dr Inventory 1,100
Cr Account payable 1,100
Answer: Total variable costs at a level of 260,000 units would be $1,74,460.
Explanation:
Total cost at 140,000 units = $249,000 and
Fixed cost = $195,000
Number of units = 140,000
∴ Total variable cost at 140,000 = Total cost - Total fixed cost
= 249000 - 195000
= $94000
Variable cost per unit = 
= 
= $0.671 per unit
Hence,
Total variable costs at a level of 260,000 units would be = Variable cost per unit × Number of units
= 0.671 × 260,000
= $1,74,460
Answer:
While estimating standard time of doing a job, some extra allowances are provided on the basis of nature of work. In this connection, different factors, like monotony, light, awkwardness, muscular force required etc. are taken into consideration. Calculation of this allowance is shown below:
- Personal allowance is a basic allowance. It has been allowed for all jobs. It is fixed at 5%
- Basic Fatigue allowance of 4% is also common. It is allowed in all jobs.
- Standing: 0% allowance is required for standing in a slightly awkward position and further it will increase on the basis of awkwardness.
- Lifting: Any work requiring muscular or force energy will be provided lifting allowance. It will vary on the basis of weight lifted. Here 25 lbs. weight has been lifted. Hence, 4% lifting allowance has been provided.
- Bad light: It is available only when light is well below the recommended level. Here light is slightly below the recommended level. Hence, 0% allowance is required for in light that is slightly below recommended standards.
- Noise level: A continuous noise is common in production activities. For intermittent loud noises occurring a 2% allowance is provided.
- Monotony: As the monotony for the element is low for this work. No extra allowance is required. 0% is required for low monotony.
