Answer:
Work in process
Explanation:
The work in process refers to the completion of the project i.e how much work is completed and how much is pending. It shows the status of work or we can say tracking.
There are three levels of inventory
1. Raw material
2. Work in progress
3. Finished goods
After completing the processing the product is called to be finished and it is ready to sell
Therefore for the cost ledger, the controlling account is work in process
Answer:
Increase in income= $20,000
Explanation:
Giving the following information:
Marigold Corp. manufactures a product with a unit variable cost of $100 and a unit sales price of $181. Fixed manufacturing costs were $480000 when 10000 units were produced and sold. The company has a one-time opportunity to sell an additional 1000 units at $120 each in a foreign market which would not affect its present sales.
We will not have into account the fixed costs, because there is unused capacity.
Increase in income= contribution margin * units sold
Increase in income= (120 - 100) * 1000= $20,000
Helping people BC I am great at doing that. Being a masoose BC I like Massaging people. Working at a hospital BC I am carrying. Baby sitting BC I love kids especially babies I love babies. Working at a elderly home BC I like helping them. Baby sitting because I like helping and watching kids that need the help and I like watching them because it gets my mind off of things
Answer:
Interest = $75.90
Principal = $347.64
Explanation:
First find the payment that is required per month. It will be an Annuity payment as the present value of the loan is given.
The loan is for 5 years compounded monthly so period is;
= 5 years * 12 months
= 60
Interest = 4/12
Present Value of Annuity= Payment * (1 - (1 + r) ^ -n)/r
23,000 = Payment * (1 - ( 1 + 4/12%) ^ -⁶⁰)/ 4/12%
23,000 = Payment * 54.304
Payment = 23,000/54.304
= $423.54
Interest Payment is;
= 4/12% * 23,000
= $75.90
Amount going towards Principal;
= 423.54 - 75.90
= $347.64
