A. Reported as a current liability on the balance sheet
Answer:
See below
Explanation:
With regards to the above information, the adjusted cash balance at April 30, 2017 is computed as shown below;
Book balance
$46,200
Add:
Interest earned on checking account
$50
Less:
Customer's NSF check returned by the bank
($500)
Add:
Error in recording customer's check
($510 - $150)
$360
Add:
Outstanding checks
$1,100
Adjusted cash book balance
$47,210
Answer:
10%
Explanation:
Since there is no residual value, the full amount invested should be used to calculate the average rate of return. The average rate of return is determined as the average income divided by the invested amount.
If the total income was $10,980,000 over 20 years, the average income is:
If the invested amount was $5,490,000, the average rate of return is:
Answer:
The answer is B) 340 bushels of corn and 500 bushels of oats.
Explanation:
Cornland´s workers have a comparative advantage in the production of corn, each worker can grow 40 bushels per year. Since Cornland has 20 workers in total, its maximum possible output of corn bushels would be 800 (20x40=800).
Oatland´s workers have a comparative advantage in the production or oats, each worker can grow 50 bushels per year. Since Oatland has 20 workers in total, its maximum possible output of oats bushels would be 1,000 (20x50=1,000).
Currently both countries combined are producing 460 bushels of corn (400+60=460) and 500 bushels of oats (100+400=500). If each country specializes in the production of the good in which they have a comparative advantage, then their total combined output would increase by 340 bushels of corn and 500 bushels of oats.
- Corn: specialized production - current production = 800-460 = 340 bushels
- Oats: specialized production - current production = 1,000-500 = 500 bushels
Answer:
D. $96,000
Explanation:
We will allocate the cost on maintenance by first stablishing a rate per maintenence hour:
As this is direct method we aren''t doing an allocation to other service department we directly allocate against production department A and B
total hours: 480 + 320 = 800
160,000 total cost /800 hours = 200 per hour
Department B hours: 480
allocate to department B: 480 x 200 = 96,000
