Answer:
Sh. 300,001.60
Explanation:
Note: <em>Missing word has been attached</em>
Particulars Amount
Annual payments 86,038
x PV Annuity due 8%, 10 periods 3.48685
Amount recorded for the leased asset 300,001.60
Answer:
C. $1,370,000
Explanation:
Calculation to determine the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity
Direct material $340,000
Direct labor $610,000
Allocated variable overhead $420,000
Minimum bid price $1,370,000
($340,000+$610,000+$420,000)
Therefore the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity is $1,370,000
The savings that would come from buying the wingtips
The classic, snazzy look that comes with wearing wingtips
Answer and Explanation:
The journal entries are shown below:
On Aug. 1
Merchandise Inventory $75,000
To Accounts Payable $75,000
(Being the purchase of merchandise inventory is recorded)
For recording this we debited the merchandise inventory as it increased the assets and credited the account payable as it also increased the liabilities
On Sept. 1
Accounts Payable $75,000
To Notes Payable $75,000
(Being the issued of note payable on the account is recorded)
For recording this we debited the account payable as it decreased the liabilities and credited the note payable as it increased the liabilities
On Nov. 30
Notes Payable $75,000
Interest Expense $1,125 ($75,000 × 6% × 90 days ÷ 360 days)
To Cash $76,125
(Being cash paid is recorded)
For recording this we debited the note payable and interest expense as it decreased the liabilities and increased the expense and credited the cash as it decreased the assets
Answer:
The answer is: Canadian workers will still have a higher productivity, it will be $0.40 per hour higher.
Explanation:
We can elaborate the following productivity table:
Year Canadian productivity British productivity
0 $33 per hour $29 per hour
1 $33.33 per hour $29.87 per hour
2 $33.66 per hour $30.77 per hour
3 $34 per hour $31.69 per hour
4 $34.34 per hour $32.64 per hour
5 $34.68 per hour $33.62 per hour
6 $35.03 per hour $34.63 per hour
At the end of year 6, Canadian workers' productivity will be $35.03 and British workers' productivity will be $34.63 per hour (Canadian workers will be $0.40 more productive).
