Answer:
The answer is $1,500
Explanation:
Accounting equation can be stated as follows:
Equity = Asset - Liability
Asset = Equity + Liability
Liability = Asset - Equity.
What a firm is obligated to pay its creditors is known as a liability and its value in the question is $8,900
The assets owned by the company totalled $10,400
Now to find market value of the shareholders' equity, we use:
Equity = Asset - Liability
$10,400 - $8,900
= $1,500
Conversion cost is defined as the sum of direct labor costs and manufacturing overhead costs. It is the manufacturing cost needed to convert raw materials to a product. From the information given above, the conversion cost is the summation of direct material costs, direct labor costs and factory overhead costs.
$3000,000 + 7,000,000 + 5,000,000 = 15,000,000
Therefore, the conversion cost is $15,000,000.
<u>Answer:
</u>
Product Managers are expected to collaborate in planning the amount of upcoming Enabler work by establishing capacity allocation:
<u>Explanation:
</u>
- For the work that is upcoming, team backlog prioritization has nothing to do as it is done when there is a need to finish the pending work before the next work is allotted.
- By performing capacity allocation, the right personnel and resources can be implemented for the right work well before the work is handed over.
Answer:
Douglas can afford 21697.88 to borrow to purchase a car.
Explanation:
As the formula for calculating present value is given as:
PV = PMT * ( (1-(1+r)^-n) / r )
As Douglas can afford 240$ a month for five years for a car loan so
it means that payment = 240
$
As the APR is 8.5% which means after dividing by 12 the rate per month = 8.5%/12
Total number of Months = 5*12
Total number of Months = 60
Putting these values into the above formula, we get
PV = PMT * ( (1-(1+r)^-n) / r )
PV = 240 * ( (1-(1+8.5%/12)^-60) / (8.5%/12) )
PV = 11697.88
As the down payment = 10,000 so the total value of car
= 11697.88+10000
= 21697.88
Douglas can afford 21697.88 to borrow to purchase a car.
Answer:
The entry to record the sales transactions and related taxes for Quartz Company would be as follows:
Debit Credit
Cash $23,100
Sales $22,000
Sales taxes $1,100
Cash $13,780
Sales $13,000
Sales taxes $780
Explanation:
In order to prepare the entry to record the sales transactions for Quartz Company we would have to make the following calculation:
According to the given data On April 10, the register totals are sales $22,000 and sales taxes $1,100, hence, cash=$22,000 +$1,100=$23,100
Therefore, the entry to record the sales transactions for Quartz Company would be as follows:
Debit Credit
Cash $23,100
Sales $22,000
Sales taxes $1,100
In April 15 the cash is $13,780, which includes a 6% sales tax, therefore, the sales would be calculated as follows:
sales=$13,780/6%
sales=$13,000
hence, sales taxes=$780
The entry to record the sales transactions and related taxes for Quartz Company would be as follows:
Cash $13,780
Sales $13,000
Sales taxes $780
