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Phantasy [73]
3 years ago
15

EA9.

Business
1 answer:
OlgaM077 [116]3 years ago
7 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

There are two cost pools: setup, with an estimated $100,000 in overhead, and inspection, with $25,000 in overhead.

Poly is estimated to have 750,000 setups and 170,000 inspections.

Silk has 250,000 setups and 80,000 inspections.

First, we need to calculate the estimated overhead rate for each activity pool:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

<u>Setup:</u>

Estimated manufacturing overhead rate= 100,000/1,000,000= $0.1 per setup

<u>Inspections</u>:

Estimated manufacturing overhead rate= 25,000/250,000= $0.1 per inspection

Now, we can allocate overhead costs:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

<u>Poly:</u>

Allocated MOH= 0.1*750,000 + 0.1*170,000= $92,000

<u>Silk:</u>

Allocated MOH= 0.1*250,000 + 0.1*80,000= $33,000

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An investment offers a total return of 14.0 percent over the coming year. Janice Yellen thinks the total real return on this inv
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3 years ago
Future Value of Annuity. Twins Jessica andJoshua, both 25, graduated from college andbegan working in the family restaurant busi
pav-90 [236]

Answer:

Jessica will have $611,816.70 at retirement.

Explanation:

a) Data and Calculations:

Jessica:

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Interest rate per year = 10%

Annuity value for investing $2,000 annually is $35,062.33

FV (Future Value) $35,062.33

PV (Present Value) $13,518.05

N (Number of Periods) 10.000

I/Y (Interest Rate) 10.000%

PMT (Periodic Payment) $2,000.00

Starting Investment $0.00

Total Principal $20,000.00

Total Interest $15,062.33

Amount received after investing $35,062.33 for 30 years.

Using an online finance calculator:

FV (Future Value) $611,816.70

PV (Present Value) $35,062.33

N (Number of Periods) 30.000

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PMT (Periodic Payment) $0.00

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7 0
3 years ago
The corporate charter of Torres Corporation allows the issuance of a maximum of 4,000,000 shares of $1 par value common stock. D
sergey [27]

How many shares were authorized?

Number of shares authorized are 4,000,000

--------

How many shares were issued?

Number of shares issued are 2,080,000

--------

How many shares are outstanding?

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--------

What is the balance of the Common Stock account?

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Balance of common stock = $2,080,000

--------

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--------

2)

June 12:  Issued 50,000 shares of $3 stated value common stock for cash of $250,000.

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cash: 2000 x 108 = 216,000

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Treasury Stock 10,000

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6 0
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