Answer:
c. 9.90%
Explanation:
The formula to compute the expected rate of return is shown below:
Expected rate of return = (Probability 1 × Possible Returns 1) + (Probability 2 × Possible Returns 2) + (Probability 3 × Possible Returns 3)
= (0.50 × 25%) + (0.30 × 10%) + (0.20 × - 28%)
= 12.5% + 3% - 5.6%
= 9.90%
Simply we multiplied the probabilities with its return so that the expected rate of return can come.
Answer:
d. $80 per machine hours
Explanation:
The computation of the overhead rate is shown below:
Overhead rate = Estimated total overhead cost ÷ total machine hours
= $16,000,000 ÷ 200,000 hours
= $80 per machine hours
The overhead rate is come by dividing the estimated total overhead rate by the total machine hours
All the other information that is mentioned is not considered. Hence, ignored it
The answer to the question above is "To maintain its liquidity if customers make demand whether its withdrawal or saving" based on the reserves meaning. A central bank holds the commercial banks excess of capital to maintain their liquidity. A bank will always have the liquidity risk to its business. This reserve is made to assure banks' liquidity.
Answer:
A Journal was prepared for Shamrock for December 31 2020 data entries.
It shown below in the explanation section
Explanation:
Solution
Shamrock 's December 31, 2020, Journal entries:
Date Account Titles & Explanation Debit Credit
Dec 31, 20 Lease liability 18594
Interest expense
(187600-36702)*12% 18108
Cash 36702
(To record interest expense)
Dec 31,20 Amortization expense (187600/7) 26800
Right of use asset 26800
(To record amortization of the right-of-use asset)
Answer:
$2.90 per equivalent unit of conversion
Explanation:
equivalent units of conversion (under FIFO) = [units in beginning inventory x ( 1 - previous conversion rate)] + units started and completed + (units in ending inventory x conversion rate) = [80,000 x (1 - 20%)] + 250,000 + (30,000 x 10%) = 64,000 + 250,000 + 3,000 = 317,000 units
cost per equivalent unit of conversion = total conversion costs / total equivalent units of conversion = $919,300 / 317,000 units = $2.90 per equivalent unit