Answer: D. $21,320
Explanation:
The cash disbursements for manufacturing overhead expenses for March should be :
budgeted fixed manufacturing overhead expense is $19,240 per month less depreciation of $3,380 per month.
= $19,240 - $3,380 = $15,860
The sales budget shows 1,300 units are planned to be sold in March. The manufacturing overhead expense is $4.20 per unit
= 1,300 x $4.20 = $5,460
Therefore $15,860 + $5,460 = $21,320
Answer and Explanation:
The journal entry is shown below:
Cash Dr $25,000
To Note payable $5,000
To Selleck Cap $10,000
To Monroe Cap $10,000
(Being the both investments are recorded)
Here we debited the cash as it increased the assets by $25,000 and credited the notes payable, Selleck, and the Monroe capital as it increased the liabilities and the stock holder equity
Answer:
$850
Explanation:
Data provided in the question:
Initial investment = $15,000
Expected annual net cash flows over four years, R = $5,000
Return on the investment = 10% = 0.10
Present value of an annuity factor for 10% and 4 periods, PVAF = 3.1699
The present value of $1 factor for 10% and 4 periods = 0.6830
Now,
Net present value = [ R × PVAF ] - Initial investment
= [ $5,000 × 3.1699 ] - $ 15,000
= $15,849.50 - $ 15000
= $849.50 ≈ $850
Answer:
Explanation:
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