Answer:
$ 8.9
Explanation:
Given:
Direct materials cost = $ 10.90
Direct labor = $ 14.90
Variable overhead cost = $ 3.90
Fixed overhead cost = $ 8.90
Selling price offered for the product = $ 38.60
Net incremental cost = Offered selling price - ( Direct materials cost + Direct labor + Variable overhead cost )
The fixed cost is not included because, it will be incurred whether the offer is accepted or not.
therefore,
Net incremental cost = $ 38.60 - ( $ 10.90 + $ 14.90 + $ 3.90 )
or
The net incremental cost = $ 8.9
Answer:
A) Interest on a 4-month note is calculated as: $1,000 × 12% × 1/12.
Explanation:
Each note is worth $1,000
Each note carries a 12% interest rate
Only one month has passed since the notes were issues, so the time = 1/12
Therefore the interest accrued from December 1 to December 31 = note value x note's interest x time = $1,000 x 12% x 1/12 = $10
Answer:
The correct answer is the second option: is reported in the investing section of a statement of cash flows.
Explanation:
To begin with, a <em>statement of cash flows</em> is the name given in the business world to refer to the financial statement that shows how changes are made in the balance sheet accounts and how income affect cash and cash equivalents. Moreover, the main purpose of this financial tool is to show the company its ability to pay bills regarding the topics of how much cash and cash equivalents actual are in the company's possession.
Secondly, the cash flow statement is partitioned into three different segments: cash flow resulting from operating activites, from investing activities and from financing activities. <u>The second one, cash flow resulting from investing activities implies the situation of land acquisition</u>.
Answer:
4.86%
Explanation:
The formula to compute the accounting rate of return is shown below:
= Annual net income ÷ original investment
where,
Average Accounting Income is
= Annual Cash Inflow – Depreciation
= $8,000 - $6,300
= $1,700
The Depreciation is
= ($35000 - $,3500) ÷ 5 years
= $6,300
And, the original investment is $35,000
So, the accounting rate of return is
= $1,700 ÷ $35,000
= 4.86%
We simply applied the above formula
Answer:
Depreciation Expense
Explanation:
There are two sections consist of debit columns and credit columns in the trial balance. Moreover, the debit and the credit total are always equaled and matched
While the adjusted trial balance is the trial balance that is prepared after recording the adjusting entries
So, the depreciation expense should probably would not be appear as it is to be charged over the remaining life of the fixed asset
