The amount of discount that has to be included in Francis's income is 0.
<h3>How to solve for the discount amount</h3>
The amount of the discount - sales price
= 300 - 250
= $50
This is the discount when it is sold to employees
Next we solve for the gross profit as
sales price x gross profit rate
= 300 x 30%
= 90
Given the amounts that we have here we have to conclude that the amount to be included in the account is 0
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If Kingbird wants to pay $420,000 of dividends in 2022. The amount of dividends that the common stockholders will receive is $133,800.
<h3>Dividends </h3>
Using this formula
Remainder allocation to common stockholders=[Total dividend – (Dividiend in arrears + 2022 dividend)
Let plug in the formula
Remainder allocation to common stockholders=[$420,000 – (10,600×9%×100×2)+(10,600×9%×100)
Remainder allocation to common stockholders=[$420,000 – ($190,800+ $95,400)]
Remainder allocation to common stockholders=[$420,000 –$286,200]
Remainder allocation to common stockholders=$133,800
Therefore the amount of dividends will common stockholders receive is $133,800.
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Answer:
$18,000
Explanation:
The computation of the amount of manufacturing overhead is shown below:
But before that first determine the overhead rate which is
= $30,000 ÷ 2,000
= $15
Now the amount of manufacturing overhead applied for Job A-101 is
= $1,200 × $15
= $18,000
Hence, the amount of applied manufacturing overhead is $18,000
Answer:
$935.61
Explanation:
Firstly, we need to calculate weighted average inventory cost at every time anchors (purchase - in or sell - out)
At time t = 1, 64 units @ 5 per unit.
At time t = 2, 64 + 110 = 174 units @ (64 x 5 + 110 x 5)/(64 + 110) = 5 per unit.
At time t = 3, 174 - 90 = 84 units @ 5 per unit.
At time t = 4, 84 + 55 = 139 units @ (84 x 5 + 55 x 6)/(84 + 55) = 5.40 per unit.
At time t = 5, 139 - 90 = 49 units @ 5.40 per unit.
Cost of goods sold for the year = 90 x 5 + 90 x 5.40 = $935.61
