Answer:
$48,500
Explanation:
Price $42,500
Sales tax on the purchase $2,500
shipping and preparation costs $3,500
$42,500+$2,500+$3,500=$ 48,500
Therefore the truck should be recorded on the balance sheet prior to recording depreciation expense with $48,500
Answer:
He should have exchanged the dollars for real in January 2016 to maximize his Brazilian spending. The exchange rate in January will result to highest Real (BRL) of R$<em>59,463.00</em>
Explanation:
To arrive at R$ equivalent of $15,000 on monthly basis, since BRL=1.00 USD, multiply R$ exchange rate each month by $15,000.
For January, 3.9642*15,000= R$59,463.00
February 3.8402*15,000= $57,603.00, etc.
Solution
S/N Month BRL=1.00 USD BRL Equivalent(R$)
1 January 3.9642 59,463.00
2 February 3.8402 57,603.00
3 March 3.6086 54,129.00
4 April 3.6851 55,276.50
5 May 3.5843 53,764.50
6 June 3.5493 53,239.50
7 July 3.2331 48,496.50
8 Aug-08 3.2312 48,468.00
Answer:
Jacobsen Corporation
Income from continuing operations of $621,000 will be reported.
Explanation:
The income from continuing operations is the same thing as the operating income. It is the pre-tax income that is reported on Jacobsen Corporation's income statement for the year ended December 31, 2016. The tax rate of 30% is applied on this figure to obtain the income tax expense for the year. But, for Jacobsen that has other unusual items, these are taken into consideration before the income tax is imputed to obtain the after-tax income.
Answer:
Design Capacity Utilization= 75%
Production efficiency = 120%
Explanation:
Okay, so the question is to determine both the design and the effective capacity utilization measures and make a conclusion from there
1. The Capacity Utilization = The Actual Output/ Design Capacity
Actual Output= 300 hamburgers a day
Design Capacity = 400 Hamburgers a day
Therefore Capacity Utilization = 300 hamburgers/400 hamburgers x 100
= 75%
2. The Efficiency of the production = The Actual Output / The Effective Capacity
Actual Output = 300 Hamburgers a day
Effective Capacity = 250 hamburgers
= 300 Hamburgers/ 250 Hamburgers x 100
= 120%
Conclusion
First we see that the actual utilization of capacity is more better than the effective capacity and this is good. Also, the Design Capacity is higher than the actual capacity utilization which should also be expected as design capacity is a calculation based on ideal conditions that may be not realistic in real life conditions.