Answer:
a person buying a used car due to limited income
Answer:
: $4,610
Explanation:
The allowance for uncollectible accounts should be 2% of accounts receivable. So first we wil find out the 2% of $268,000.
($268,000 x 2%) = $5,360
Then we will subtract the $750 allowance for uncollectible accounts before any adjustments.
$5,360 - $750 = $4,610
The amount of the adjusting entry for uncollectible accounts would be: $4,610.
The account cash overage is a type of revenue account. A
revenue account is where the revenues are considered to be the assets in which
is being earned by a particular person handling business activities or
operations in which an account cash overage is.
Answer:
Cost of goods manufactured= $228,700
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 25,500 + (46,000 + 75,500 - 39,500) + 100,500 + (68,500 - 11,800) - 36,000
cost of goods manufactured= $228,700
We deduct the indirect material from overhead because it is already incorporated into direct materials.
Answer:
0.147 or 14.7%
Explanation:
Equity (E) =$7
Debt (D) = $1
Cost of equity capital (Ce) = 0.16
Pretax cost of debt (Cd) = 0.08
Tax rate (r) = 0.3
The weighted average cost of capital of the firm is given by the following relationship:
The weighted average cost of capital of the firm is 0.147 or 14.7%.
