Answer:
March 1
Dr Notes Receivable $10,900
Cr Service Revenue $10,900
September 1
Dr Cash $11,390
Cr Notes Receivable $ 10,900
Cr Interest Revenue $490
Explanation:
March 1
Dr Notes Receivable $10,900
Cr Service Revenue $10,900
(Provide legal services and accept note)
September 1
Dr Cash $11,390
Cr Notes Receivable $ 10,900
Cr Interest Revenue $490
(Receive cash on note receivable and interest)
(Interest revenue = $10,900 x 9% x 6/12) =490.5
One thing that helps incumbents win reelection ,which might include federal spending projects benefitting state and local governments, businesses, colleges, and other institutions in a congressional district is
the pork barrel.
Pork barrel :
Pork barrel, or simply pork, is a metaphor for the appropriation of government spending for localized projects secured solely or primarily to bring money to a representative's district.
What is the problem of pork barrel?
The Priority Development Assistance Fund scam, also called the PDAF scam or the pork barrel scam, is a political scandal involving the alleged misuse by several members of the Congress of the Philippines of their Priority Development Assistance Fund (PDAF, popularly called "pork barrel"), a lump-sum discretionary fund
Learn more about pork barrel:
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Answer:
False
Explanation:
Cost
This is simply defined as a payment of cash or the commitment to pay cash in the future for revenues purpose. E.g. The cash used to purchase a tractor, is the cost of the tractor.
Conversion costs
This is simply regarded as direct materials, direct labor, and factory overhead costs that can be selected together or grouped together for analysis and reporting. It consist of direct labor in factory overhead costs.
The Equation for Conversion cost is simply = Direct Labor Cost + Manufacturing Overhead Cost.
While the Equivalent Units of Production = Number of Units Transferred to the next department + Equivalent Units in Ending Works in Process Inventory.
The equation for Equivalent units of production for conversion cost is given below: Units completed and transferred out + Equivalent units in ending work in process for conversion cost.
The equation for Cost per equivalent unit for conversion cost is simply =
(conversion cost of beginning work in process + conversion cost added during the period)/ Equivalent units of production for conversion cost.
Answer:
1,000 units
Explanation:
The break even point refers to the number of units of a product a company would sell such that the company's sales is equal to the total cost.
The total cost includes the fixed and variable costs. As such, at break even point, net profit is zero.
Let the number of units be G
25G = 10G + $15,000
15G = $15,000
G = 1000 units
The number of units that has to be produced and sold to break even is 1,000 units.
Answer:
The marginal revenue = $2
Explanation:
Firstly we calculate the value in dollars for the number of boxes sold
For 100 boxes, we have 100 * 2 = $200
For 200 boxes, we have 200 * 2 = $400
Mathematically, the marginal revenue = (cost of 200 boxes- cost of 100 boxes)/difference in quantity
= (400-200)/(200-100) = 200/100 = $2
Thus affirms the fact that for a perfectly competitive firm, marginal revenue MR = P (price)
