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3 years ago

The properly marked source document states:

Business

1 answer:

Mariana [72]3 years ago

4 0

Answer:

B. Contained in

Explanation:

Base on the scenario been described in the question, the concept that is used to derivatively classify the statement in the new document is contained in

Contained in can be said to a classified statement in a new document

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A company purchased new equipment for $48,000. The company paid cash for the equipment. Other costs associated with the equipmen

brilliants [131]

Answer:

The cost recorded will be $53,400

Explanation:

In this question, we are to give the value of the amount recorded as the cost of the new equipment.

By simply doing some additions, we will be okay.

mathematically, this would be

Cost of equipment recorded = cost of equipment + transportation cost + sales tax + installation cost = 48,00 + 1,200 + 2,500 + 1,700 = $53,400

4 0

3 years ago

Compute the yield to maturity of a $100 face value zero-coupon bond that matures in exactly one year and has a current market pr

Step2247 [10]

Answer:

Yield to maturity is 1.51%

Explanation:

Zero Coupon rate does not offer any coupon payment and it is issued at deep discount value.

Face value = F = $100

Price = P = $98.50

Year to mature = n = 1 year

Yield to maturity = ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = ( $100 - $98.5 ) / 1 ] / [ ( $100 + $98.5 ) / 2 ]

Yield to maturity = $1.5 / 99.25

Yield to maturity = 0.0151

Yield to maturity = 1.51%

5 0

3 years ago

Wilturner Company incurs $88,000 of labor related directly to the product in the Assembly Department, $37,000 of labor related t

Kazeer [188]

Answer:

Explanation:

The journal entry that would include is shown below:

Work in Progress inventory A/c Dr $125,000

Factory overhead A/c Dr $24,000

(Being labor cost is recorded)

The computation is shown below:

Work in progress = Labor expenses + whole labor expenses

=$88,000 + $37,000

= $125,000

The labor expenses are directly related to the product which means it is a direct cost

And, the whole labor expense is considered to be the overhead cost as it is not directly related to the product

And, the $24,000 is also considered as an overhead cost because it is used in both the departments so it is come under the factory overhead account

4 0

3 years ago

You discovered you can deduct medical expenses over 6% of your income. Your income is $42,000, and you had medical expenses of $

strojnjashka [21]

The answer is A. 0. 6% of $42,000 is $2520. You only have $567 in medical expenses. You're expense has to be more than $2520 before you can deduct it.

4 0

3 years ago

Free Spirit Industries Inc.’s marketing sales director doesn’t think that the market for the firm’s goods is big enough to sell

RSB [31]

Answer:

In the attached the fixed costs is $12,000,000

selling price is $41.50

variable cost is $12.80

The price for the target EBIT of $15 million is $167.09

Explanation:

target units=fixed costs+target EBIT/selling price-variable cost

target units is 175,000

fixed costs of $12,000,000

target EBIT of $15,000,000

variable cost is $12.80

selling price is unknown,let assume is X

175,000=($12,000,000+$15,000,000)/X-12.80

175,000=27,000,000/X-12.80

175,000*(X-12.80)=27,000,000

X-12.80=27,000,000/175,000

X-12.80=154.29

X=154.29+12.80

X=$167.09

EBIT=Sales units*(selling price-variable cost)-fixed costs

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6 0

3 years ago