Answer:
Dr Factory Overhead 15,030
Cr Materials 3,040
Cr Wages Payable 5,340
Cr Utilities Payable 1,490
Cr Accumulated Depreciation—Factory 5,160
Explanation:
Preparation of Journal entry to record the factory overhead incurred during August.
Dr Factory Overhead 15,030
(3,040+5,340+1,490+5,160)
Cr Materials 3,040
Cr Wages Payable 5,340
Cr Utilities Payable 1,490
Cr Accumulated Depreciation—Factory 5,160
Answer:
Government subsidies some countries soften bed
Answer:
r = 0.16 or 16%
Explanation:
Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.
The formula for required rate of return under CAPM is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free rate
rM is the return on market
r = 0.07 + 1.5 * (0.13 - 0.07)
r = 0.16 or 16%
Answer:
Supplies Used = $2475
Explanation:
<u>Bruce Company</u>
Supplies Purchases $4,300
Supplies on hand $1,825
Supplies Used = $ 4300- $ 1825 = $2475
The amount of Supplies used ( $ 4300- $ 1825 = $2475) will be shown in the income statement as an expense and the amount of unused supplies or Supplies on hand $1,825 will be shown in the Balance sheet as an asset account. The both of which will total the supplies actually purchased.
The relating <u>adjusting entry </u>will be
Supplies Expense $ 2475 Debit
Supplies Account $ 2475 Credit
This means the supplies of the amount $ 2475 have been used and is recorded as an expense in the income statement. It will be deducted from the gross profit. The remaining amount $ 1825 is for future use so recorded as an asset in the Balance Sheet and added to the total assets.
To own a electrical business
