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3 years ago

1) Show the effect of the following transactions on the Accounting Equation:

Business

1 answer:

Dennis_Churaev [7]3 years ago

6 0

Answer:

Assets=48,000

Liabilities=47,700

Capital=300

More explanations is as attached.

Explanation:

The accounting equation can be expressed as shown;

A=L+C

where;

A=assets

L=liabilities

C=capital

This is then written as;

Assets=liabilities+capital

More explanations is as attached.

Download xlsx

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Expenses for items that we do not need are

Arlecino [84]

Expenses for items that we do not need are wants

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3 years ago

Underground Clothing is a zero growth firm that has expected earnings before interest and taxes of $56,700, an unlevered cost of

koban [17]

Answer:

$230,825

Explanation:

VU = [$56,700 × (1 - .35)] / .162

VU= $56,700×0.65/.162

VU=36,855/.162

VU = $227,500

VL = $227,500 + .35($9,500)

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3 years ago

Q#1. How would you describe the word “CAREER” Explain in 5-7 sentences.

DochEvi [55]

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3 years ago

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alexira [117]

True.
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3 years ago

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Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same

Greeley [361]

Answer:

Cost per Unit Fatboy= $ 27800

Screamer Cost per unit = $3779.80

Explanation:

Howrley-David, Inc.

Fatboy Screamer Total

Units Assembled 990 1,980 2,970

Materials cost per unit $ 2,600 $ 3,600

Material Costs 2574000 7128000

Other costs:

Direct labor $1069200 2138400 $ 3,207,600

Indirect materials 534, 600

Other overhead 1,603,800

FoH 712800 1425600 2138400

Total Costs 2752,2000 7484000

No of units 990 1980

Cost per Unit 27800 3779.80 

The total costs have been added and then divided with the number of units to get the cost per unit.

Direct Labor Costs =Total Direct Labor Costs/ Total number of units* required number of units

DLC for Fatboy= $ 3,207,600 /2970 *990= $1069200

DLC for Screamer= $ 3,207,600 /2970 *1980= 2138400

FActory Overheads = Total Factory Costs/ Total Units ( Required Units)

FOH for Fatboy= 534, 600 +1,603,800/2970 * 990= 712800

FOH for Screamer = 534, 600 +1,603,800/2970 * 1980= 1425600

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3 years ago