Answer:
Explanation:
The journal entry is shown below:
Unrealized holding gain or loss A/c Dr $45,500
To Estimated liability on purchase commitments A/c $45,500
(Being the unrealized gain or loss is recorded)
The computation of the unrealized gain or loss is shown below:
= Purchase price of raw material - market value
= $1,024,100 - $978,600
= $45,500
Investors find information about the financial condition of a municipal issuer in <u>D) the official statement</u>.
<h3>What is investor information></h3>
Investor information includes the facts, figures, and other disclosures about an entity that enables the investor to make investment decisions. Most investor information is disclosed in the three financial statements. These statements give details about the company's profitability, liquidity, leverage, including revenue, expenses, and the ability to meet its short-term and long-term financial obligations.
Thus, investor information is not found in the bond buyer, legal opinion, official sale notice but <u>the official statemen</u>t of the municipal issuer.
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The total labor cost of variance is the difference of the two presented costs. The actual cost of production is presented below,
actual cost of production = $198,000
The other cost can be calculated through the equation,
cost of production = (3 hours/labor u)(($8/unit)(8,000) = $192,000
Thus, the total labor cost variance is approximately $6,000.
Based on the cost to produce each unit of the switches and the annual demand, the total costs will be $25,900 more than the cost of purchasing the switches.
<h3>What is the cost of producing the switches?</h3>
This can be found as:
= Variable cost + set up costs + supervisor's salary + opportunity cost of lost rent
= ( (6 + 5 + 4) x 5,000 units) + 45,500 + 41,000 + (3,700 x 12 months)
= $205,900
If they bought the switches at $36, they would cost:
= 36 x 5,000
= $180,000
Its cheaper to buy by:
= 205,900 - 180,000
= $25,900
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Answer:
It will have to save 51,224.05 to reach their financial goal of 825,000 in thre years at the given market rate
Explanation:
We have to solve for the annuity-due future value installment
FV $825,000.0000
time 12 (4 quartes x 3 years )
rate 0.0445
C $ 51,224.043