Answer:
Loan principal amount = $19,700
Bank M:
Interest rate charges = 7.1% compounded monthly
Loan will be paid off in = Five years
Bank N:
Interest rate charges = 7.8% compounded monthly
Loan will be paid off in = Four years
From the above information, we would recommend that Maria choose her loan from Bank M if she wants a lower monthly payments and Maria choose her loan from Bank N if she wants a lower lifetime cost.
Answer:
The journal entry to be recorded by Jervis on June 28 is shown below:
Explanation:
The journal entry to be recorded by Jervis on June 28 is as:
On June 28
Cash A/c......................................Dr $5,539
Credit Card expense A/c........Dr $ 261
Sales A/c............................Cr $5,800
Being record the deposit of amount on Sales by Jervis
As the amount is deposited on sale which means cash is coming into the bank, and any increase in cash is debited. So, the cash account is debited. And on the amount expense is charges, the charge is also debited. Therefore, the credit card expense is debited. And the sales is made, so, the sales account is credited.
Working Note:
Credit card expense = Sales amount × Charge
= $5,800 × 4.5%
= $261
I am the age 17 and I am A)Single
Answer:
$69,000
Explanation:
Calculation for overapplied or underapplied manufacturing overhead
Using this method
Manufacturing overhead=Cost of Goods Manufactured-( Actualmanufacturing overhead cost-Applied manufacturing overhead cost to job)
Let plug in the formula
Manufacturing overhead=71,000-(27,000-29,0000)
Manufacturing overhead=71,000-2,000
Manufacturing overhead=$69,000 overapplied
Therefore Manufacturing overhead for the year will be $69,000 overapplied
Answer:
The correct answer is option B
B. False
Explanation:
Under the UCC, if a contract does not designate the place of delivery for the goods, then the goods cannot and be delivered halfway between the seller's and the buyer's place of business. Every detail have to captured in the contract including the place of delivery.