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3 years ago

On July 1, 2017, Crane Inc. made two sales.

Business

1 answer:

nordsb [41]3 years ago

4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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3 years ago

CM Company manufactures a component used in the production of one of its main products. The following cost information is availa

denpristay [2]

Answer:

NPV = 661468 – 728000 = -66532

Explanation:

Direct Material 410

Direct Labour 100

Variable manufacturing O/H 90

Variable cost to manufacture 1 unit 600

Loss on purchase component from outside supplier

(630 – 600) * 3000 units 90000

(-) Contribution from released facility 10000

Operating Income would Decrease by 80000

Present Value of Future cash flow from Proposal X :-

PVAF for 5 years at 10% = 3.791

PVIF for 5th year at 10% = 0.621

PV of annual cash inflow (164000 * 3.791) 621724

PV of Residual value (64000 * 0.621) 39744

Present Value of Future cash flow 661468

NPV = 661468 – 728000 = -66532

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3 years ago

On December 1, 2018, Garden Products borrowed $92,000 on a 5%, 10-year note with annualinstallment payments of $9200 plus intere

kolbaska11 [484]

Answer:

D) $9200 principal plus $4600 interest

Explanation:

the December 1st, 2019 payment on the note will be:

the installment on the principal and the accrued interest for the period.

<em>interest due for the period:</em>

92,000 x 5% = 4,600

<em>amortization on principal</em>

92,000 x 10% = 9,200

Total 13,800

The journal entry will be as follows:

interest expense 4,600 debit

note payable 9,200 debit

cash 13,800 credit

This information makes option D) the only correct answer.

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3 years ago

In preparing a bank reconciliation, outstanding checks are__________.

Agata [3.3K]

Answer:

The correct answer is (C)

Explanation:

During the preparation of bank reconciliation, outstanding share are added to the balance per bank. Balance per bank is the ending money balance showing up on a bank statement. A business will make changing sections to its own money book parity to accommodate the contrast between its own balance and the balance per bank

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3 years ago

Costs that fluctuate based on production levels achieved are called ________ costs

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The answer is variable. A variable cost refers to the corporate expense that varies with the output of the production. It depends on the company’s production volume; the cost rise if the production increases and fall if the production decreases.

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3 years ago