Answer and Explanation:
The journal entries are shown below;
a. Investment Dr $37,282
To Cash $37,282
(being the investment in bonds is recorded)
b.
Cash (($1,000 × $40) × 0.07 × 6 ÷ 12) $1,400
Investment $91
To interest revenue ($37,282 ×8% × 6 ÷ 12) $1,491
(Being the first interest payment is recorded)
Answer:
1.267 = Overhead Rate
Explanation:
<em>As general approach,</em> the manufacturing rate, along with any rate is done by dividing the cost by a cost driver.
In this case teh cost is the manufacturing overhead and the cost driver the direct materials cost:
<em>Using Direct Materials cost, the rate would be:</em>
Answer:
$950
Explanation:
Since the total amount of items purchased by the thief is $950, then Brandon has to pay back the amount deducted from his card.
Answer:
the conversion cost is $58,200
Explanation:
The computation of the conversion cost is shown below:
The conversion cost is
= Direct Labor + Manufacturing Overhead
= $32,800 + $25,400
= $58,200
Hence, the conversion cost is $58,200
It is the combination of the direct labor and the manfacturing overhead
Taxpayers can use various services that are offered through Volunteer Tax Assistance(VITA) and Tax Counseling for the Eldery(TCE) Programs for Paying there taxes.
Explanation:
The most Basic Component of preparing an accurate /appropriate tax return by a certified volunteer begins by
- First,explaining the Tax preparation process to the Tax payer.
- Secondly,Completing all the questions on F 13614-C
- Thirdly ,paying attention to the tax payers queries and asking the right questions
The answer for the above mentioned question is (A) the certified volunteer should make sure all questions on Form 13614-C are answered before starting the tax return.
