<u>Calculation of amount of stockholders' equity at the end of the year:</u>
At the beginning of the year, Morales Company had total assets of $816,000 and total assets increased $178,000 during the year, hence Total Assets at the end of the year shall be 816000+178000 = $994,000
At the beginning of the year, Morales Company had total liabilities of $526,000 and total liabilities decreased $82,000 during the year. Hence Total Liabilities at the end of the year shall be 526000-82000 = $444,000
Now we can calculate amount of stockholders' equity at the end of the year as follows:
Equity = Assets – Liabilities
= 994,000-444,000
= $550,000
Hence, the amount of stockholders' equity at the end of the year shall be <u>$550,000</u>
Answer:
The correct answer is D
Explanation:
Computation of allocation of factory overhead cost for the Job NO 117:
Now, computing the rate of overhead allocation as:
Pre- determined rate of overhead allocation = Estimated aggregate overhead / estimated number of labor hours
where
Estimated aggregate overhead is $95,000
Estimated number of labor hours is 9,500 hours
Putting the values above:
= $95,000 / 9,500 hours
= $10 per hour.
Computing the overhead cost to be allocated to Job No 117 as:
Overhead cost to be allocated to Job No 117 = Number of direct labor hours × pre- determined rate of overhead
where
Number of direct labor hours is 2,300 hours
Pre- determined rate of overhead allocation is 10 per hour
Putting the values above:
= 2,300 hours × $10 per hour
= $23,000
Answer:
The Business Auto Coverage Form in this case will cover for tile damages that occur due to accidents brought about during the transfer of property from a covered auto to the place where the property is finally delivered. The damages that occurred on the pavers will not be covered because of the care, custody, and/or control exclusion clause.
Answer:
The NPV of this investment is $64,581.75
Explanation:
Hi, we need to discount to present value all the future cash flows, the formula to use is as follows:
Where
NPV = Net Present Value
CF = The cash flow stated in the problem by year
r= discount rate (in our case, 0.08 or 8%)
Now, let´s solve this.
So, the net present value of this project is $64,581.75
Best of luck.
Answer:
The break-even point in units for ordinary laptops is 2,100 units.
Explanation:
Contribution Margin per unit (ordinary) = Selling Price - Variable cost
= $650 -$605
= $45
Contribution Margin per unit (premium) = Selling Price - Variable cost = $1,150 -$1,090
= $60
$45* 4x + $60x = Fixed Costs = $126,000
= 180x +60x = $126,000
=240x =$126,000 = 525 units
Ordinary computers = 4x
= 4*525
= 2,100 units
Therefore, The break-even point in units for ordinary laptops is 2,100 units.
