Answer:
To Keep Track
Explanation:
When posting journal amounts into the ledger, incase the accountant gets stopped in the middle of this process - they fill in the PR column with the account # so they know where they left off.
Answer:
$1,364
Explanation:
According to the MACRS a rental house is classified as the 27.5 year residential property. It is the first year after purchase and August is the 8th month of 2019 and so according to the MACRS depreciation table for the residential property the rate applicable for this property is 1.364%. Maximum depreciation deduction for the year 2019 is
Cost of House = $174,000
Cost of Land = $74,000
Cost of Building = $100,000
As depreciation on land is not applicable because it does not depreciate. The depreciation will be calculated using Building value
Depreciation = $100,000 x 1.364% = $1,364
Answer:
3,000 units and 1,950 units
Explanation:
For computing the equivalent units of ending work in process for materials and conversion cost, first we have to determine the ending work in process units which is shown below:
Ending work in process units = Beginning inventory + units started - units completed and transferred
= 2,500 units + 18,000 units - 17,500 units
= 3,000 units
Now the equivalent units of ending work in process for materials would be
= 3,000 units × 100%
= 3,000 units
And, for conversion cost it would be
= 3,000 units × 65%
= 1,950 units
Answer:
$1.92 million
Explanation:
The value of the subsidy per year = $12,000,000 x 3% = $360,000
Now we have to find the present value of the cash flows using an excel spreadsheet and the net present value function =NPV(discount rate,series of cash flows)
discount rate = 10% (market rate)
cash flows = 8 cash flows of 360,000 each
=NPV(10%,360000,360000,360000,360000,360000,360000,360000,360000) = $1,920,573 ≈ $1.92 million
<h2>answer </h2>
A
<h2>explanation</h2>
as interest rates decreases, people have less disposable income to spend therefore they will demand less and aggregate demand will shift to the left.
