Answer:
weeks of supply 2,7122857
Explanation:
17,500,000 / 50 weeks = 350,000 COGS per week
<u>current finished inventory: </u>
250 x $ 65 = 16,250
190 x $ 80 = 15,200
310 x $ 105 =<u> 32,550</u>
Total 64,000
<u><em>cost added:</em></u>
70,000 materials x $ 2.75
125,000 materials x $ 5.00
<em>total 817500</em>
<u><em>WIP:</em></u>
2,000 rolls x $ 10.50
5,000 spools x $ 6.75
500 rolls x $ 26.10
total $ 67,800
Total inventory: <em>817,500</em> + 67,800 + 64,000 = 949300
<em><u>week of supply:</u></em>
inventory of 949300
and 350,000 goods are consumer per week
week: 2,7122857
Answer:
Additional paid in capital in excess of par value is any amount of money received through issuing stocks at a higher value than par:
additional paid in capital = ($47 - $5) x 12,000 stocks = $42 x 1,200 = $504,000
Additional paid in capital does not affect retained earnings, so retained earnings should remain unchanged.
Control of money supply.
The main function of Federal Reserve is to conduct the monetary policy by influencing money and credit conditions.
Answer and Explanation:
The journal entries are shown below:
On Apr 2
Petty cash $290
To Cash $290
(Being the establishment of the petty cash fund is recorded)
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
On Apr 10
Mail & Postage $62
Contributions and Donations $33
Meals & entertainment $114
Cash Short and Over $4 ($290 - $62 - $33 - $114 - $77)
To Cash $213
(Being the replenishment of the fund is recorded)
For recording this, we debited the mail & postage, contributions & donations, meals & entertainment as it increased the expenses and credited the cash as it reduced the assets and the balancing figure is debited to cash short and over
On Apr 11
Petty Cash $140 ($430 - $290)
To Cash $75
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
