Answer:
Dr. Cr.
Work-in-Process Inventory - Dept. 2: 750
Work-in-Process Inventory—Dept. 1: 750
Explanation:
All the cost incurred in the department 1 was added in the work in process account of this department. While transferring the product from one department to other the cost of work in process will also be transferred to next department to accumulate all costs associated with the product. At the end the finished goods will be carrying all the cost incurred to manufacture that product. Due debit nature of WIP account the cost in transferred to next department's account by just crediting the WIP of department 1 and debiting WIP of department 2. WIP of Department 1 will be 0 and WIP of department 2 will be $750.
Answer:
Effective interest on June 30 on a 6% $60 million bond at 7% effective rate is $1,950,778
The interest is treated in the books of account thus:
Debit interest expense $1,950,778
Credit Bond account $1,950,778
Explanation:
The effective interest is computed using the below formula
Amount x Effective Rate (%) = Interest Expense
Amount=$55,736,520
Effective rate =7%/2 =3.5% semi-annually
Interest expense=$55,736,520*3.5%
Interest expense=$1,950,778
Answer:
a) Sub total of Kevin's order = $49.99
b) Total of Kevin's order = $62.99
Explanation:
In an invoice, the subtotal for a person's transaction of order is the sum of the item only without the addition of taxes, shipping, credit card fees(if they order and pay for the item online), discounts e.t.c
The total amount for the purchase of an order is the sum total which includes cost of the goods, discounts, taxes, shipping fees e.t.c.
For Kevin,
a) His Subtotal is the cost of his Base ball jacke × number of jackets
= $49.99 × 1
= $49.99
b) Total of Kevin's order
= Cost of his Base ball jacket + Shipping and Handling fee + Credit card fee
Shipping and Handling fee = $10.00 Credit card fee = $3.00
Total = $49.99 + $10.00 + $3.00
= $62.99
So it wouldn’t be the same kind of basic reply to motivating employees.
Because when a species evolves, not all of them change. Only the few who have changed the genes, for example, humans will reproduce and unless we wiped out the old species and prevent them from reproducing ( which we didn't ) then there would not be any apes left, but because we didn't the apes still exist.
