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stich3 [128]
3 years ago
7

Prepare the journal entries needed based on the following information: Estimated overhead for the month: $6,000 Estimated direct

labor hours: 2,000 Purchased $35,000 of materials Requisitioned $10,000 of materials to be placed into production Incurred $4,000 of direct labor during the month (500 hours) Incurred the following actual factory overhead amounts: Utilities: $1,000 Indirect materials: $500 Indirect labor: $1,000 Rent: $1,500 Completed two jobs with a cost of $18,000 Sold both jobs completed at price
Business
1 answer:
daser333 [38]3 years ago
7 0
DnzkkJsjsjsjskjsjsjsjdjdjsjsjjsjsjsjsjsjsjskssj <3 sorry I can’t solve this it’s very hard
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Assume the following information:Spot rate today of Swiss franc = $.60 1-year forward rate as of today for Swiss franc = $.63 Ex
Naddika [18.5K]

Answer:

12.35%

Explanation:

Data provided in the question:

Spot rate today of Swiss franc = $0.60

1-year forward rate as of today for Swiss franc = $0.63

Expected spot rate 1 year from now = $0.64

Rate on 1 year deposits denominated in Swiss francs = 7%

Rate on 1 year deposits denominated in U.S. dollars = 9%

Amount invested = $1,000,000

Now,

Amount with Swiss franc = Amount invested ÷ Spot rate today of Swiss franc

= $1,000,000 ÷ 0.60

= $1,666,666.67

After 1 year = $1,666,666.67 × ( 1 + 0.07)

= $1,783,333.33

1 year Forward value = $1,783,333.33 × 0.63

= $1123499.99

Therefore,

Yield = [ $1123499.99 - $1,000,000 ] ÷ $1,000,000

= 0.1235

or

= 0.1235 × 100%

= 12.35%

3 0
3 years ago
QUESTION 1
ser-zykov [4K]

Answer:

It dosent show a question.

3 0
3 years ago
About how many containers will be recycled if 125 people attend a concert?<br><br>it math
Natalija [7]
Over 300 since a lot of people tend to use more than one
<span />
8 0
3 years ago
Oscar’s Red Carpet Store maintains a checking account with Academy Bank. Oscar’s sells carpet each day but makes bank deposits o
kogti [31]

Answer:

Explanation:

Oscars Red Carpet Store

Bank reconciliation Statement

Balance as Per Bank Statement  $11,770

<u />

<u>Add back Un-credited checks/deposits</u>

Cash receipts for 26 - 28 Feb $1,500

NSF check $450

Total $1,950

<u />

<u>deduct uncleared check</u>

#325  $450

#327   $1,800

Total $2,250

<u />

<u>Add withdrawals in Bank not in cash ledger</u>

#323 - understated value in cash ledger ($2,800 - $2,400) $400

Automatic withdrawal - rent $1,300

Service Fee (Academy Bank) $120

Total $1,820

<u>Deduct items in Bank not in Cash ledger</u>

Interest earned $190

Titanic Fabrics repayment $5,950

Total $6,140

Adjusted Bank Balance (in line with Cash balance) $7,150

4 0
3 years ago
Which scenario might produce a new equilibrium interest rate of 5% and a new equilibrium quantity of loanable funds of $150 bill
Zigmanuir [339]

Answer:

Increase in capital inflows from other countries

Explanation:

An increase in capital inflows can be known to produce a boom in an economy. It leads to an appreciation of nominal exchange rate and also the real exchange rate. It is the inflow of capital from one nation to another nation. It takes place through the aid of the government, private organizations and international organizations or probably agencies.

Increase in capital inflows from other countries can bring about an equilibrium interest rate of 5% and a new equilibrium quantity of loanable funds of $150 billion.

7 0
3 years ago
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