Answer:
The correct answer is (C)
Explanation:
They are the two crucial characteristics that are general used to make accounting data more useful to make long-term decisions. To be exact, faithful representation helps to attain the relevant data for the company and this quality enhances the reliability of financial data. Completeness, fairness and free of error these three characteristic are a part of faithful representation of data.
Answer:
c. $166.67 million
Explanation:
cost of expansion = new equity issued / (1 - flotation costs)
cost of expansion = $150 million / (1 - 10%) = $150 million / 90% = $166.67 million
Flotation costs increase the cost of equity, since they are an expense that decreases the net amount of money received by a corporation when it issued new stocks or new bonds.
Answer:
Explanation:
Features are something invented Benitez its like advice
Answer:
a. $412,000
Explanation:
Conversion cost is the combination of direct labor and manufacturing overhead which directly or indirectly are necessary to produce a product other than the direct raw materials.
We know,
<em>Conversion costs = Direct Labor + Manufacturing Overhead</em>
Here,
Manufacturing overhead = Indirect material + Indirect Labor + Indirect overhead (including variable and fixed overhead)
Given,
Direct labor = $195,300
Manufacturing overhead = Factory overhead = $216,700
Selling expenses will not be included because it is not a direct or indirect overhead expense.
Therefore,
<em>Conversion costs = </em>$195,300 + $216,700
<em>Conversion costs = </em>$412,000
Because accrued expenses represent a company's obligation to make future cash payments, they are shown on a company's balance sheet as current liabilities.
