Answer:
$117,000
Explanation:
All costs incurred in manufacturing a product are recorded in the Work in Process Account. The Debit entry on this Account shows the increase in costs and the credit entry shows the transfer of goods to Finished Goods Inventory
So the Work In Process Account must be debited with the Total labor Cost incurred of $117,000 ($106,000 direct labor + $11,000 indirect labor)
Conclusion :
The proper journal entry to record these events would include a debit to Work in Process for $117,000
Answer:
- We assume the Tax year to be 2019
- Jack and Kendra are classified as Married Filling Jointly - 2019. If any of the clients have only Social Security benefits without any other taxable income, then, there is no need for such clients to file a tax return.
Here, Jack and Kendra are retired couples and has no other source of income except the Social Security benefit (and the Military pension is not taxable). Also, the interest income is very less than the Standard deduction itself which is $27,000. So, none of the couples social security benefit is taxable for the tax year 2019.
Answer:
$28,800
Explanation:
I will just assume that there are three equal annual principal payments of $480,000. If we use $550,000, the total principal would = $1,650,000.
accrued interests from September to December = principal x (9%/12) x 4 months
principal = $480,000 x 2 = $960,000
accrued interest payable = $960,000 x 0.75% x 4 = $28,800
Answer:
application fee. However, the application fee charged by Insecurity Bank and Trust is refundable if the loan application is denied, whereas that charged by I.M. Greedy and Sons Mortgage Bank is not. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR, but this is not required with non fundable fees (presumably because refundable fees are part of the loan rather than a fee). What are the EARs on these two loans? What are the APRs?
<span>An error value begins with a number sign (#) followed by an error name that indicates the type of error.
Green triangles are used by the excel to denote error indicators. Stop, warning and information are error alert types that are supported by excel.</span><span>
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