Answer: A microcomputer is a small computer that contains a microprocessor as its central processor.
Explanation:
Answer:
Fein Company
Schedule of Cash Payments
For the Month of August 202x
Salaries expenses:
From July salaries $3,230
<u>From August salaries $31,860</u>
Total salaries $35,090
Direct materials:
From July purchases $61,600
<u>From August purchases $14,600</u>
Total direct materials $76,200
Overhead expenses: $64,850
Debt payments:
Principal $15,000
<u>Accrued interests $450</u>
Total debt payment $15,450
Total cash payments $191,590
Answer:
Ending inventory= $144,150
Explanation:
Giving the following information:
Beginning inventory consisted of 7200 units that cost $14.00 each.
Purchase:
3000 units at $15.00 each
12,200 units at $15.50 each.
Vaughn also sold 13,100 units during the month.
<u>To calculate the ending inventory using the FIFO (first-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:</u>
Ending inventory= 9,300*15.5
Ending inventory= $144,150
Answer:
The methods allowed by the IFRS for valuing property, plant, and equipment are: b. historic cost and fair value.
Explanation:
IAS 16 in IFRS deals with Valuation of Property, Plant, and Equipment.
The method of subsequent measurement of Property, Plant, and Equipment allowed by the standars are Historic Cost and Fair Value (Revaluation)
<span>1. journalize the entry to record the amount of cash proceeds from the issuance of the bonds on july 1, 2016.
Cash 42,309,236
Discount on bonds payable 3,690,764
Bonds payable 46,000,000
</span><span>2. journalize the entries to record the following:
a. the first semiannual interest payment on december 31, 2016, and the amortization of the bond discount, using the straight-line method. (round to the nearest dollar.
Interest Expense 2,327,007.98
Discount on Bonds Payable 92,269.10
Cash 2,234,738.88
b. the interest payment on june 30, 2017, and the amortization of the bond discount, using the straight-line method. (round to the nearest dollar.
</span>nterest Expense 2,327,007.98
Discount on Bonds Payable 92,269.10
<span> Cash 2,234,738.88
</span><span>
3. </span><span>determine the total interest expense for 2016.
</span>42,309,236 x 11% = 4,654,015.96 annual interest expense
4,654,015.96 x 6/12 = 2,327,007.98 semi annual expense
