Answer:
$
Material used 2,500
Direct labour 5,000
Overhead applied 200
Cost of goods sold 7,700
Explanation:
The overhead applied is the difference between cost of goods sold and cost of material used and direct labour. The cost of goods sold is $7,700 while the cost of material and labour is $7,500. The difference of $200 represents the overhead applied.
Answer:
Explanation:
a)
It is known that,
P(Sat) = 0.35
P(Sun) = 0.30
P(no rain on Sat) = 1 - 0.35
P(no rain on Sun) = 1 - 0.30
So P(rains on the weekend) = 1 - P(no rain on Sat) P(no rain on Sun) =
= 1 - (1-0.35)(1-0.30) = 0.545
b)
P(Sat Sun) = P(rains on Sat) P(rains on Sun) + P(rains on Sat) P(no rains on Sun) = 0.35*0.30 + 0.35*(1-0.30) = 0.35
Answer:
See explanation section
Explanation:
We know, 3/10, n/30 means the customer will get 3% discount if he/she gives the payment within 10 days, however, he/she has to pay the money within 30 days.
As Snell company sold the products on April 1, and received the payment on April 8, the company gave a 3% discount to customer. As there is discount, the financial statements will be as follows:
Income statement
Sales = $50,000
Less: Sales discount = (1,500)
<u>$50,000 × 3% </u>
Net sales $48,500
Answer: 12,000
Explanation:
Given that,
Stockholder's equity at the beginning of the year = 70,000
Stockholder's equity at the end of the year = 60,000
Dividends = 22,000
Net Income = Ending Balance + Dividends - Beginning Balance
= 60,000 + 22,000 - 70,000
= 12,000
Therefore, the net income for the year was 12,000.
Answer:
internal rate of return -16.17%
Explanation:
The internal rate of return is negative because the investment didn't receive dividends for two years. It means that the stock lost value. How much? 16.17% of its value in two years.
<h2>
34 * (1 - 16,17%) = 28.5 </h2>
