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3 years ago

A summary of the time tickets for the current month follows:

Business

1 answer:

tester [92]3 years ago

8 0

Answer and Explanation:

The journal entry to record the factory labor cost is shown below:

Work in progress ($2,060 + $1,710 + $3,130 + $3,520 + $2,150 + $1,410 + $9,540) $23,520

Factory Overhead $10,980

To wages payable $34,500

(to record the factory labor cost)

Here work in process and factory overhead is debited as it increased the assets and expenses and credited the wages payable as it also increased the liabilities

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Explanation:

Based on the information given in the question, we should note that the court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.

We should note that under a predominant purpose test, it will apply when the transaction involved is Mena for goods sales and not for the service sales.

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2 years ago

A real estate broker has a computerized loan origination (CLO) terminal in her office. Because there are more than a dozen lendi

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3 years ago

Karen has been a buyer for Ocean Mist, a large cranberry processor, for several years. Believing that she knows a great deal abo

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Answer:

The answer is letter C, Broker.

Explanation:

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<u>Additional Information</u>

Sales Agent- a self-employed salesperson who usually works alone. He obtains orders for companies and receives commission on those orders.

Commission Merchant- a person who buys and sells products. He receives commission for the sales price.

Sales Branch- an independent business which purchases merchandise in bulk from manufacturers. He then processes it and redistributes it to retailers.

Sales Office- this is a location that is used for the purpose of selling. It is often leased.

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2 years ago

What is business communication

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3 years ago

Read 2 more answers

Dinklage Corp. has 6 million shares of common stock outstanding. The current share price is $84, and the book value per share is

Iteru [2.4K]

Answer:

Dinklage Corp.

a. The company's capital structure by book value:

Weights:

Equity = 9.84%

Debt = 90.16%

b. The company's capital structure by market value:

Weights:

Equity = 64.55%

Debt = 35.45%

Explanation:

a) Data and Calculations:

Outstanding common stock = 6 million shares

Current share price = $84

Book value per share = $5

Total equity book value = $30 million (6,000,000 * $5)

Total equity market value = $504 million (6,000,000 * $84)

First bond's face value = $145 million

Coupon rate = 5%

Selling price = 95% of par

Market value of first bond = $145 * 95% = $137.75 million

Second bond's face value = $130 million

Coupon rate = 4%

Market value = $130 * 107% = $139.1 million

Total market value of bonds = $276.85 million ($137.75 + $139.1)

Book value of bonds = $275 million ($145 + $130)

a. The company's capital structure by book value:

Equity = $30 million

Debt = $275 million

Total firm's value = $305 million

Weights:

Equity = $30/$305 * 100 = 9.84%

Debt = $275/$305 * 100 = 90.16%

b. The company's capital structure by market value:

Equity = $504 million

Debt = $276.85 million

Total firm's value = $780.85 million

Weights:

Equity = $504/$780.85 * 100 = 64.55%

Debt = $276.85/$780.85 * 100 = 35.45%

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3 years ago