Answer:
B&T Company's factory overhead incurred for May is $8,890
Explanation:
Manufacturing overhead is all indirect costs incurred during the production process, includes indirect labor cost.
In B&T Company,
Factory overhead incurred for May = Indirect labor cost + property taxes on production facility cost + factory heat, lights and power cost + insurance on plant and equipment cost = $6,800 + $830 + $1,030 + $230 = $8,890
Answer:
the seller must record the land at the purchase price = $137,000
Explanation:
Fixed assets like land must always be recorded at historical cost. This is specially important regarding land because it doesn't depreciate and its carrying value will always be the purchase cost since it cannot be adjusted if the fair market value changes.
The Net Present Value of the Investment is -$1,064
<h3><u>SOLUTION</u></h3>
- “Net present value is the present value of the cash flows at the required rate of return of your project compared to your initial investment,” In practical terms, it's a method of calculating your return on investment, or ROI, for a project or expenditure.
- An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.
Annual Cash Inflows $3000
Present Value Factor 3.312127,
Present Value of Cash Inflows $9936
Less: Initial Investment $11,000
Net Present Value -$1,064
<h3><u>EXPLANATION</u></h3>
- In net present value method the future cash inflows rate are discounted to present net value at discount rate (PV FACTOR)
- The rationale for discounting is money received today is more valuable than the money to be received in future.
- So the present value of cash inflows is compared with initial investment if net present value is positive then the project is accepted otherwise its rejected.
In this case the net present value is negative, hence the project will be rejected.
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Answer:
question was confusing
Explanation:
Select Layout > Margins. Select Custom Margins. In Margins, use the Up and Down arrows to enter the values you want. Select OK when done.
The inventory that will be reported on the balance sheets is $43000 while the cost of goods sold is $455000
Your question is incomplete. A similar question will be used on guiding you. Let's assume the following figures:
- The <em>net realizable value of ending inventory</em> = $43000
- <em>Historical cost of ending inventory</em> = $58000
- <em>Cost of goods sold</em> = $440000
To know the inventory amount that will be reported on the balance sheets, you've to select the lowest between the net realizable value of the ending inventory and the<em> historical cost</em> of ending inventory. The lowest is $43000.
The<em> cost of goods sold</em> that'll be reported will be:
= $440,000 + $15,000
= $455,000
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