Answer:
$125,000
Explanation:
Given that,
Variable manufacturing overhead rate = $5.00 per direct labor hour
Budgeted direct labor cost = $20 per hour
Total budgeted fixed overhead = $25,000 per month
Total budgeted direct labor hours = 20,000
Total budgeted manufacturing overhead for July:
= Variable manufacturing overhead + Fixed manufacturing overhead
= (Budgeted direct labor hours × Variable overhead rate) + $25,000
= (20,000 × $5) + $25,000
= $100,000 + $25,000
= $125,000
Answer:
6.21%
Explanation:
Discount of the bond can be calculated by subtracting the purchase price of the bond from the face value. Discount Yield is the ratio of discount on the bond to the future value of the bond.
Discount Yield = [(F - P)/F] x [360/t]
Where
F = Face Value = $1,000 ( assumed)
P = Present value = $1,000 x 97.5% = $975
t = 145 days
Placing the value in the formula
Discount Yield = [($1,000 - $975)/$1,000] x [360/145] = 0.0621 = 6.21%
Answer:
1. Cash will increase by $18,700 for the services to be rendered over the 12 months.
2. Cash will reduce by $64,000 for the legal service acquired.
3. No effect on cash as the transaction is on accounts.
4. Cash will decrease by $1,250 for the supplies purchased.
5. Cash will decrease by $6,000 for the dividends paid.
6. Cash will decrease by $20,000 due to operating expenses
7. no effect on cash
8. no effect on cash.
Explanation:
The business transactions recorded by Hart, Attorney at Law, These transactions have impact on the cash. The inflow and outflow of cash is recorded in the cash flow statement. Transaction no. 3, 7 and 8 will have no effects on cash balance of the company.
Answer:
D. $460,500
Explanation:
Given that
Cost of parcel of land = 450000
Legal fees = 3000
Broker's fees = 7500
Therefore,
Amount recorded as cost of parcel of land is
Cost of parcel of land + legal fees + brokers fee
= 450000 + 3000 + 7500
= $460,500
When purchasing land, fees like commissions, legal fees, bank fees, title fees and other expenses added before the land can be used are considered as part of the land's cost. Hence the answer.
Answer:
Josh needs to find out if the new product is considered and healthy and desirable by the new customers.
Explanation: The focus group is a qualitative method used in marketing for getting a deeper understanding of customer preferences. Is designed to have initial insights before a product goes to market. Essentially, the research team try to identify if potential customers spontaneously associated expected characteristics with the new product, and this trigger the action of buy the product (it is valuable to them). In this case, Josh has to find out if the new cereal is considered healthier, and it is as important for the focus group to buy the cereal.
