Answer:
Intangible assets
Explanation:
A classified balance sheet is a financial statement that classifies the components in the balance sheet into different groups. For example, assets are classified into current or non current asset
Current assets are all the assets that are either used by a company or sold in the course of the year of the company.
Current assets include
- cash, cash equivalents
- accounts receivable
- stock inventory
- marketable securities
- pre-paid liabilities
Intangible assets are classified as noncurrent (long-term) assets
Answer:
d.loss of $30,000
Explanation:
The initial cost of the cage: $310,000.00
Selling price: $ 20,000.00
Depreciation recorded: $260,000.00
calculating book value: (initial cost-Depreciation)
=$310,000-$260,000
Book value =$50,000.00
Profit or loss=selling price- book value.
=$20,000.00- $50,000.00
=($30,000.00)
loss of $ 30,000.00
Answer:
The answer to the question is B I51,753 bonds
Explanation:
The present price of the bond and the total amount to be raised of $170m were used in arriving at the number of bonds to be issued.
n 20
Coupon 6.60%
YTM 7.7%*1000=77
FV 1000
PV ($1,120.25)
The current price of the bond $1,120.25
Total amount to be raised $170,000,000
Number of bonds to be issued=total amount /bond price 151,752 approx...151753
Find attached spreadsheet with formulas so as to be able to follow through.
Answer:
The amount of overhead applied during the year is $2,400,000
Explanation:
In determining overheads amounts to be included in product costing, a company uses Budgeted overheads.
Budgeted overheads are used rather than actual overheads because of the delays that are made to obtain Actual data for Actual overhead amounts which will delay product costing.
Therefore Using machine hours as a base, the amount of overhead applied during the year is $2,400,000
Answer:
The correct answer is 31 customers per day.
Explanation:
Consider the current capacity requirement as = x
Management wants to have a capacity cushion = 8%.
So the utilization is required = 100% - 8% = 92%
A process of currently services an average of 43 customers per day and utilization is 90%.
Expected Demand=70%= 70 ÷ 100 = 0.70
Current utilization = 90% = 0.90
Let Capacity requirement = X
Capacity requirement ÷ required utilization = Expected Demand rate × current service rate ÷ current utilization rate
X ÷ 0.92 = 0.70 × 43 ÷ 0.90
X = 0.70 × 43 ÷ 0.90 × 0.92
= 30.76 or 31
Needed capacity requirement is 31 customer per day.
