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Umnica [9.8K]
3 years ago
14

Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 23,900 Oct. 31 Finished goods X 31 Dir

ect materials 91,000 31 Direct labor 151,900 31 Factory overhead X Finished Goods Oct. 1 Balance 14,700 31 Goods finished 340,600 If the balance of Work in Process on October 31 is $215,100, what was the amount of factory overhead applied in October
Business
1 answer:
Ket [755]3 years ago
8 0

Answer:

the amount of factory overhead applied in October is $274,200

Explanation:

<em>First calculate the amount transferred to Finished Goods Account from the Work in Process Account.</em>

Finished Goods T - Account

Debit

Opening Balance                                                   $14,700

Transferred from Work In Process Account     $325,900

Totals                                                                  $340,600

Credit

Closing Balance                                                 $340,600

Totals                                                                  $340,600

<em>Prepare the Work in Process T - Account to determine the balance that is Overhead Applied.</em>

Work in Process T - Account

Debits

Opening Balance                                  $23,900

Direct materials                                      $91,000

Direct labor                                            $151,900

Overheads (balancing figure)             $274,200

Totals                                                    $541,000

Credits

Closing Balance                                   $215,100

Transfer to Finished Goods               $325,900

Totals                                                    $541,000

Conclusion :

the amount of factory overhead applied in October is $274,200

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Venture capital (VC) firms are pools of private capital that typically invest in small, fast-growing companies that can't raise
sergey [27]

Answera dnd Explanation:

A. The incentive conflict in principal-agent relationship as it concerns venture capitalism is conflict between venture capitalists who are the principals and the managers of the business investment who are the agents. The conflict is that venture capitalists are put to increase value of their investment and make profit while salaried managers are only out to feel their pockets through their managerial role in the company as they do not have an interest in the company and are unaffected by the loss or failure of the company. This is known as the principal agent moral hazard issue in venture capitalism

B. By managers maintaining some ownership in the company, there us reduced conflict as managers now see a reason to make sure company succeeds since they have an interest

Venture capitalists aim to have a seat in the board to make sure managers do not take bad decisions since they are able to veto such decisions

4 0
3 years ago
Ajax Company purchased a five-year certificate of deposit for its building fund in the amount of $220,000. How much should the c
irina [24]

Answer:

The certificate of deposit be worth $338496.8 at the end of five years if interest is compounded at an annual rate of 9%

Explanation:

Certificate of deposit of 220000 after 5 years @ 9% is calculated as below

As per the Present and future value tables of $1 at 9% presented

FVA of $ 1 after 5 years is 5.9847 and

PVA of $ 1 after 5 years is 3.88965  

PV of 220000 will become = 220000*5.9847/3.88965

                                              = $338496.8

Therefore, The certificate of deposit be worth $338496.8 at the end of five years if interest is compounded at an annual rate of 9%

8 0
3 years ago
Suppose the real risk-free rate is 3.00%, the average expected future inflation rate is 5.90%, and a maturity risk premium of 0.
never [62]

Answer:

the rate of return that expected on one year treasury security is 9.00%

Explanation:

The computation of the rate of return that expected on one year treasury security is as followS

= Risk free rate + average expected future inflation rate + maturity risk premium

= 3.00% + 5.90% + 0.10%

= 9.00%

Hence, the rate of return that expected on one year treasury security is 9.00%

Therefore the correct option is d.

And, the rest of the options are wrong

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2 years ago
A firm is productively efficient when:__________.
inna [77]

Answer:

Its is A

Explanation:

7 0
3 years ago
Mr. and Mrs. Kim, married filing jointly, own a principal residence and a vacation home. Each residence is subject to a mortgage
Evgen [1.6K]

Answer:

$53,577

Explanation:

Computation for Mr. and Mrs. Kim's qualified residence interest

Using this formula

Qualified residence interest=(Acquisition debt ÷ Total debt) ×Total interest

Where,

Total Acquisition=$ 969,800+ 361,000

Total Acquisition=$1,330,800

Total debt =$ 45,000 +26,300

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Let plug in the formula

Qualified residence interest=(1,000,000÷$1,330,800)×$71,300

Qualified residence interest=$53,577

Therefore the Qualified residence interest is $53,577

3 0
3 years ago
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