Answer:
The journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.
Explanation:
Raw materials of all kinds are measured at the start and recorded into a list plus account, with a credit to the accounts collectible account, and a debit to the raw materials inventory account.
The accounting treatment will vary when raw materials are consumed speculating on their standard as direct or indirect materials.
Thus, the journal entry to record applied conversion costs for May will include a debit to raw and in-process inventory for $300,000.
Answer:
Cost of internal equity =21%
Cost of external Equity =23.29%
Explanation:
Using the constant growth model:
if ke is made subject of formula then the cost of internal equity ke is calculated as follows:
=
= 21%
If external equity is to be used, that means that the company will have to issue share to get a fresh infection of capital into the company, and is thus likely to face flotation costs. the company will receive a net of $20 minus flotation costs for every share sold.
If ke is made subject of formula then the cost of external equity ke is calculated as follows:
= 
= 23.29%
Answer:
$600, the meal contract have to be included in gross income
Explanation:
Since Robin had the option to receive meals or the cash, the meals were not provided for the employer's convenience and therefore the meal's value should be included in gross income
Answer:
d. book value at beginning of year x 2/estimated service life
Explanation:
Duble Declining method of depreciation is a method in which the depreciation is being charged at double rate than in the straight line depreciation method method do. It uses the double amount of carrying book value and estimated useful life. The depreciation charged at a faster rate.
Formula:
Depreciation = Book value of asset at the start of year x 2 / useful life
A software that a user would likely want to carry out
because it is a program that has the function or performing specific task is an
application software. They are programs in which will benefit a user because
they contain various tasks or activities that a user will find useful when
using the computer.
