Answer: $10.49
Explanation:
Net Asset Value is the equity of the portfolio divided by the number of shares outstanding.
Equity = Assets - Liabilities
So,
Net Asset Value = (Assets - Liabilities) / No. of shares outstanding
Assets = (200,000 * 35) + (300,000 * 40) + (400,000 * 20) + (600,000 * 25)
= $42,000,000
Liabilities will be the accrued management fee.
Net Asset Value = (42,000,000 - 30,000) / 4,000,000
= 10.4925
= $10.49
Answer:
The Journal entries are as follows:
(i) In 2018,
Income Tax Expense A/c Dr. $24
Deferred Tax Assets A/c ($40 × 30%) Dr. $12
To Income Tax Payable ($120 × 30%) $36
(Being income tax and deferred tax recorded for 2018)
(ii) In 2019,
Income Tax Expense A/c Dr. $45
To Income Tax Payable ($140 × 30%) $42
To Deferred Tax Assets ($10 × 30%) $3
(Being income tax and deferred tax recorded for 2019)
<span>In pure competition, producers compete exclusively on the basis of p</span>roduct features.
Answer:
Income Statement is attached in the pictures.
Explanation:
Answer:
Price= $85263,6
Explanation:
We need to calculate the price paid by the City of Hamptonville for playground equipment.
We know the following information:
Direct material= $13000
Direct labor= 160hours*$22hour= $3520
Manufacturing overhead: it is assigned on labor hours.
We need to calculate the value of manufacturing overhead.
Labor hours presupuested= $41800/$22hour= 1900hours
$/hour of manufacturing overhead= $627000/1900hours= $330
<u>Manufacturing overhead Job 309= 330*160hours= $52800</u>
Manufacturing cost Job 309= direct material + direct labor + Manufacturing overhead= 13000 + 3520 + 52800= $69320
Price=69320*1.23= $85263,6
