Answer:
The higher the interest rate, the more willing suppliers of loanable funds will be to lend money.
Explanation:
Answer:
The journals entry to record depreciation on the equipment for 2016 will be:
Debit Depreciation expense $14,000
Credit Accumulated depreciation $14,000
<em>(To record depreciation expense for Year 2016)</em>
Explanation:
Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($150,000 - $10,000) / 10 years = $14,000 yearly depreciation expense. This applies to Years 2015 and 2016.
The change in the estimate in Year 2017 will not affect the depreciation expense for 2016 based on the previous parameters,
The accounts receivable turnover for the company is 25
The Net sales for a company is $250,000
The average accounts receivable $10,000
The account receivable turnover can be calculated as follows
= Net sales/accounts receivable
= 250,000/10,000
= 25
Hence the accounts receivable turnover for the company is 25
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Since costs for direct materials, cost for direct labor and allocation for manufacturing overhead are all costs, these three are added up to obtain the total costs.
Total costs = costs for direct materials+cost for direct labor+allocation for manufacturing overhead
Total costs = $13,400+$11,900+0.75($11,900)
Total costs = $34,225
The answer is C.
Answer:
BEP : 500 units
Profits : R2000
Explanation:
BEP or break-even point = fixed costs/ contribution margin per unit.
Fixed costs = R2000
Contribution margin per unit = selling price - variable costs
Contribution margin per unit = R12- R8 =R4
BEP = 2000/4
BEP = 500 units
profits will be the units sold after BEP x contribution margin
=1000-500
=500
profits will be
=500 x 4
=2000