Answer:
The answer is: C) 10% more peanut butter on the shelves
Explanation:
To determine what you need to do with your peanut butter stock, you must first determine if the quantity demanded for peanut butter will increase or decrease and at what percentage. To do this we can use the following formula:
change in peanut butter sales = income elasticity of demand x average change in income
change in peanut butter sales = -5% x -20% = 10% increase
Since you expect a 10% increase in the quantity demanded for peanut butter, you should have 10% more peanut butter in stock
Interest Expense
The cost of borrowing money is referred to as interest expenditure. Interest expenditure in the income statement might represent the cost of borrowing money from banks, bond investors, and other sources.
Main Content
$50
A note payable is a type of financial instrument. In this case, the note payable is due in three months. So, after one month, we will record the following interest on the note payable:
15000*4%*(3/12) = 150
For 1 month = 150/3 = 50
The note payable was sold on December 1, and we must calculate its interest on December 31, which is one month later. As a result, we will divide total interest 150 by 3. This will provide us with one month's interest.
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Answer:
$256,284
Explanation:
The computation is shown below:
First, Calculate the predetermined overhead rate per hour which equals to
= (Estimated manufacturing Overhead cost ÷ estimated machine hours)
= ($235,900 ÷ 20,800 hours)
= $11.34 per hour
So, the applied overhead or manufacturing overhead allocated equals to
= Predetermined overhead rate per hour × actual machine hours
= $11.34 per hour × 22,600 hours
= $256,284
Answer:
Fixed Overheads Spending Variance = $5,000 Unfavorable(U).
Fixed Overheads Spending Variance = $20,000 Favorable (F).
Explanation:
Fixed Overheads Spending Variance = Actual Fixed Overheads - Budgeted Fixed Overheads
= $305,000 - $300,000
= $5,000 Unfavorable(U).
Fixed Overheads Spending Variance = Fixed Overheads at Actual Production - Budgeted Fixed Overheads
= ($5.00 × 64,000) - $300,000
= $320,000 - $300,000
= $20,000 Favorable (F)
When a currency appreciates, it means it increased in value relative to another currency; Depreciates means depreciation or depreciation relative to other currencies. It is often said that the dollar is strong when it is bought by equal or greater value in another currency. If the purchase amount is less than the equivalent, it is weak.
An example of a currency would be the US banknotes you have on hand. It is one of the coins issued by the United States, along with pennies, nickels and quarters. Currencies are also banknotes and coins issued by governments of other countries around the world.
Currency is anything of general value as a medium of exchange that can be exchanged for goods and services. The trading system within an economy is based on a currency, usually country-specific and issued by that country's government.
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