Answer:
$5 million
Explanation:
As we know the asset is financed from two capital sources equity and liability.
Using Accounting equations as follow
Assets = Equity + Liabilities
Total Assets Value = Equity Value + ( Account Payable + Accrued expenses + Long-Term Debt )
As we both sides are not equal, asset are more that the sum of equity and liabilities so we need more borrowing to finance the assets.
$50 million = $25 millions + ( $8 million + $2 million + $10 million ) + Additional Borrowing
$50 million = $25 millions + $20 million + Additional Borrowing
$50 million = $45 millions + Additional Borrowing
Additional Borrowing = $50 million - $45 millions
Additional Borrowing = $5 million
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Channing uses a two-stage cost allocation system, It uses direct-material costs to allocate direct-materials related overhead and direct labor costs to allocate direct-labor related overhead costs.
A1
Direct material 75,000
Direct labor 58,000
B2
Direct material 150,000
Direct labor 137,750
Overhead:
Direct-material related 54,000
Direct-labor related 50,895
A) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 225,000/54000= 4.17 per direct material
B) Estimated manufacturing overhead rate= 195,750/50895= 3.85 per direct labor
C) Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH (A1)= 4.17*75000 + 3.85*1377550= 843,087.5
D) Allocated MOH (B2)= 4.17*54000 + 3.85*50895= 421,125.75
Answer:
8.45%
Explanation:
The formula to calculate the rate of interest is:
r = (1/t)(A/P - 1), where
r= Rate of interest
t= Time period: 15 years
A= Accrued amount: 245,000
P= Principal amount: 108,000
Now, you can replace the values to find the rate of interest:
r= (1/15)((245,000/108,000)-1)
r= (0.0667)(2.2685-1)
r= (0.0667)(1.268)
r= 0.0845 → 8.45%
According to this, the answer is that the rate of interst that you must earn to cover the cost of you child's college education is 8.45%.
Answer:
False
Explanation:
Checklists can help when hiring temporary staff and also in confirmation of delivery of goods or commodities ordered. Also, a checklist can help a project manager decide which positions are open or occupied and if the filled positions have the required skills to take on or work within the project.
Cheers.
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