In its December 31 balance sheet, Butler Co. reported trade accounts receivable of $250,000 and related allowance for uncollecti
1 answer:
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Answer: Option (A) is correct.
Explanation:
Given that,
overhead to each unit produced = $7.50
Department 1:
Manufacturing overhead costs = $74,358
Direct labor hours (DLH) = 6,610
Machine hours = 700 MH
Department 2 :
Manufacturing overhead costs = $49,572
Machine hours = 800 MH
Total Overheads = Manufacturing overhead cost of department 1 + Manufacturing overhead cost of department 2
= $74,358 + $49,572
= $123,930
Total Direct Labor Hours:
= 16,524
Direct Labor Hours for Department 2:
= Total Direct Labor Hours - Direct labor hours of department 1
= 16,524 - 6,610
= 9,914 DLH
Answer:
The fund balance at the end of the year is $22,075.
Explanation:
Let X denote the end-of-year balance. During the year, the balance grows as follows
1,205 → 1,230+ ($800) = 2,030
The time-weighted yield rate for the one yearperiod is 11.1%
11.1 = *
1230x = 27152265
x =
x = $22,075
Cassidy's approximate monthly payment stands at $1420. if Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
<h3>What is the payment monthly?</h3>The monthly payment is the quantity paid per month to pay off the loan in the time period of the loan. When a loan is taken out it isn't only the top amount, or the original payment loaned out, that needs to be repaid, but also the good that accumulates.
<h3>What is a loan amortization schedule?</h3>
It is described as the systematic method of representing loan payments according to the time in which the principal amount and interest exist mentioned in a list manner
It is given that:
- Cassidy lives planning to obtain a loan from her bank for $210,000 for a new home.
- A fixed annual interest rate of 2.7% compounded monthly for 15 years.
The formula is:
Plug all the values in the above formula:
$1420.
Hence,
Cassidy's approximate monthly payment stands at $1420.
To learn more about monthly payment, refer
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