Answer:
Explanation:
In this question, we assume that the financial year is the calendar year
The financial year is remaining for 5 months whereas the calendar year is remaining for 6 months
So for 5 months, the rent would be treated as income
And for 1 month, it would be treated as a liability
If the appropriate adjusting entry is not made.
So, the effect would be
(a) Income statement account = Revenue is overstated, expense = no effect
(b) Net Income = Since revenue is overstated, so net income is also overstated
(c) Balance Sheet account = Assets = no effect, liabilities = understated and retained earnings = overstated
Answer:
Overheads apply = $2,400
Explanation:
given data
factory overhead = $900,000
general and administrative costs = $600,000
per hour = $20
Direct labor costs = $300,000
solution
we know here Total direct labor hours that is
Total direct labor hours =
Total direct labor hours = 15,000 direct labor hours
so here Factory overheads per direct labor hour will be
Factory overheads per direct labor hour =
Factory overheads per direct labor hour = $60 per direct labor hour
so here Overheads applied to Job will be
Overheads apply = 40 direct labor hours × $60 per direct labor
Overheads apply = $2,400
Answer:
The bond will sell at $4831.43
Explanation:
Given C = 0, FV = $1000, YTM= 5.31%, n =30 years
BV= ?
BV for a zero coupon bond is = F / (1+r)^-n*t
So we are told there is semi annual compounding
have to calculate
n = 30*2 = 60 periods
r = 5.31/2 = 2.66%
BV = 1000/(1+0.0266)^-60
=$4831.43
One common advantage of long term investment is higher return.
The longer you stay on an investment the bigger possibility to earn bigger interest and return. You might sometimes experiences losing but still you have the chance to get back what you loss over the time.
Answer:
Following is attached the solution for each part of the question given.
I hope it will help you a lot!
Explanation: