Answer:
b. $461,820
Explanation:
The computation of the amount reported in the balance sheet is shown below:
But before that we need to find out the amortization of discount which is
= Purchased value of bond × interest rate of return - face value of bond × interest rate
= $456,200 × 10% - $500,000 × 8%
= $45,620 - $40,000
= $5,620
Now the amount reported is
= Purchased value + discount amortization
= $456,200 + $5,620
= $461,820
Hence, the option b is correct
Answer:
c. Utilities expense is a mixed cost and rent expense is a fixed cost.
Explanation:
Seacrest Enterprises
1000 units 5000 Units
Total Cost Total Cost /Unit Total Cost Total Cost/Unit
Direct materials $5,000 $5.00 $25,000 $5.00
Utilities expense $1,000 $1.0 0 $3,750 $0.75
Rent expense $4,000 $4.00 $4,000 $0.80
Direct Materials show variable Costs
Utilities expense show mixed costs
Rent Expense show fixed costs
The correct answer is
c. Utilities expense is a mixed cost and rent expense is a fixed cost.
Answer:
Accounts Payable Aging Summary
Explanation:
The account payable aging summary refers to the summary of the past due bills and the bills which are due shortly. It shows the amount which we have to pay in the prescribed time limit i.e 30 days 45 days etc
Therefore the reports which is needed to track the past due bills and that are due shortly we called as the account payable aging summary
Hence, the first option is correct
Budget reports are generally prepared for a quarter.
Given an incomplete sentence related to the timings of budget reports.
We are required to fill the timing or frequencies given in the options so that the sentence gives an appropriate meaning.
A budgeting report is basically a report managers use that lists the previously estimated budget projections over a certain period.Budget reports are basically the financial goals leadership comes up with based on informed financial projections. Since they are typically estimations, these budget reports almost always differ from the final financial results, sometimes drastically. Quarter is basically a collection of three months.
Hence it can be concluded that budget reports are generally prepared for a quarter.
Learn more about budget at brainly.com/question/13964173
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Answer:
$42,000
Explanation:
Let L be the lowest possible salary;
the maximum salary would be (L x 20%) + L = 1.2L
If we want to determine the minimum value for L, we need to assume that everyone else earns the maximum salary: 20 employees earn 1.2L each
L + 20(1.2L) = 1050000
L + 24L = 1050000
25L = 1050000
L = 42000
