Answer and Explanation:
The preparation of the corrected un-adjusted trial balance is presented below:
<u>Particulars Dr Amount Cr Amount</u>
Cash $15,500
Accounts Receivable $46,750
Prepaid Insurance $12,000
Equipment $190,000
Accounts payable $24,600
Unearned rent $5,400
Common stock $40,000
Retained Earnings $70,000
Dividends $13,000
Service Revenue $385,000
Wages expense $213,000
Advertising expense $16,350
Miscellaneous expense $18,400
<u>Total $525,000 $525000 </u>
The answer is D. It reduced their risk when cotton prices were low.
Answer:
Please see explanation
Explanation:
The forecast of 20% increase prepared by the state revenue commissioner is plausible because the new sales tax rate has also been increased by 20% in comparison with the old tax rate which can be calculated as follows:
Change in sales tax rate=change in tax rate/old tax rate
=6-5/5
=1/5
=20%
Answer:
$51,790
Explanation:
Amrein Corporation Manufacturing Overhead Budget
August
Budgeted direct labor-hours 2,500
Variable manufacturing overhead rate $5
Variable manufacturing overhead $12,500
($2,500×$5)
Fixed manufacturing overhead $43,010
Total manufacturing overhead $55,510
($43,010+$12,500)
Less depreciation 3,750
Cash disbursement for manufacturing overhead $51,790
Therefore the August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $51,790