Answer:
current ratio for MARJORAM = Current asset / current liabilities
= $173,000/ $108,400
= 1.59
Explanation:
step 1 :calculate the total current asset of the company which is calculated below.
current asset
Cash $19,000
Note Receivable 35,000
Account Receivable 48,400
Inventory <u> 70,600</u>
Total <u> 173,000</u>
Note receivable is included in the current asset because its due date is less than 12 months.
step 2 : divide the current asset by the current liabilites in order to determine the current ratio
Answer:
Change in US external wealth between periods T and T +1 in dollars = -$100
Explanation:
Since nothing else changes, this implies that the exchange rate per yen is $0.01 in periods T and T +1. Therefore, we have:
Value shares of Sonic in period T in dollar = Number of shares of Sonic bought in period T * Price per share of Sonic in Yen in period T * Exchange rate per yen in periods T = 100 * 700 * $0.01 = $700
Value shares of Sonic in period T+1 in dollar = Number of shares of Sonic in period T+1 * Price per share of Sonic in Yen in period T+1 * Exchange rate per yen in period T+1 = 100 * 600 * $0.01 = $600
Change in US external wealth between periods T and T +1 in dollars = Value shares of Sonic in period T+1 in dollar - Value shares of Sonic in period T in dollar = $600 - $700 = -$100
Answer:
Assembly Work In Process Inventory
Explanation:
The units completed cost will be move from one process into the next one.
The transferred-out cost will be credited from Molding(origin) and debited into Assembly Work-in-Process(destination)
As this is a theoreticalquestion we don't have to look into the numbers.
Answer:
c) 60% of direct labour cost
Explanation:
<em>I</em><u><em>ndirect costs are also known as overheads</em></u><em>. They are costs which are not incurred directly for the service been rendered. These costs can allocated to the cost of the core service using the direct labour cost basis as requested by the question.</em>
<em>To ascertain the indirect costs rate, we use the formula below:</em>
Indirect cost rate = (Indirect cost/Direct labour cost) × 100
From the question,
<em>Indirect cost = total cost less the direct labour cost</em>
Indirect cost = $4,000,000 - 2,500,000
= $1,500,000
Indirect cost rate = Indirect cost/Direct labour cost × 100
= 1,500,000/2,500,000 × 100
= 60% of direct labour cost
