The amount of interest revenue that should be recorded for the year ended December 31, 2020 is $20 .
<h3>Interest revenue </h3>
Interest revenue represents how much interest a company earned during a specific time period. This is interest earnings on any investments the business has or debts it has provided to an individual or other entity.
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The formula is
C+ F-P divided by N then the fraction bar F+p divided by 2 that should get your answer
Answer:
Predetermined manufacturing overhead rate= $25.71 per direct labor hour
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
<u>Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base</u>
Predetermined manufacturing overhead rate= (1,192,360 / 52,000) + 2.78
Predetermined manufacturing overhead rate= 22.93 + 2.78
Predetermined manufacturing overhead rate= $25.71 per direct labor hour
Answer:
True
Explanation:
Order cycle time is the period between the two orders, i.e., previous order and next order. If there is an ample amount of demand for a product, the order cycle time of that particular product will be low. As customer wants the product very often, the inventory will become nil, and there will be a positive cash flow. As the inventory level decreases, the current assets will be lower. As customers pay quickly, the receivables will also remain lower.
