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Butoxors [25]
3 years ago
8

The following partially completed T-accounts summarize transactions for Farwest Corporation during the year: Raw Materials Beg B

al 4,700 10,000 6,900 Work in Process Beg Bal 4,600 26,300 7,400 8,000 6,800 Finished Goods Beg Bal 1,900 22,900 26,300 Manufacturing Overhead 2,600 6,800 3,000 1,900 Wages & Salaries Payable 12,300 Beg Bal 1,400 11,000 Cost of Goods Sold 22,900 The Cost of Goods Manufactured was: Group of answer choices $22,900 $26,300 $6,400 $49,200
Business
1 answer:
masya89 [10]3 years ago
5 0
Sjhdhdksososjhshzhxh
You might be interested in
Valet Corporation began operations in 2021. An analysis of Valet's debt securities portfolio acquired in 2021 shows the followin
Alexxandr [17]

Answer:

$20,000

Explanation:

Calculation for What amount should Valet report in its 2021 income statement for unrealized holding loss

Using this formula

2021 income statement for unrealized holding loss=Aggregate cost -Aggregate Fair value

Let plug in the formula

2021 income statement for unrealized holding loss=$ 180,000-$ 160,000

2021 income statement for unrealized holding loss=$20,000

Therefore the amount that Valet should report in its 2021 income statement for unrealized holding loss is $20,000

3 0
3 years ago
Marin enters into an agreement with Traveler Inc. to lease a car on December 31, 2019. The following information relates to this
babymother [125]

Solution:

Date                Account Titles & Explanation                 Debit       Credit  

12/31/2019                 Leased Car                                    18,780

                                Lease Liability                                              18,780.00  

(Initial recording of leased car at fair value)  

12/31/2020              Interest Expense                           1,502.40

                                   Lease Liability                            5,449.60

                                       Cash                                                       6,952.00

(Interest expenses and payment recorded)  

12/31/2020        Depreciation Expense on Car             6,260.00

                    Accumulated Depreciation on Car                           6,260.00

(Depreciation recognized on leased car)

12/31/2021               Interest Expense                          1,066.43

                                 Lease Liability                              6,233.17

                                   Cash                                                           7,299.60

(Interest expenses and payment recorded)

12/31/2018          Depreciation Expense on Car           6,260.00

                      Accumulated Depreciation on Car                         6,260.00

(Depreciation recognized on leased car)  

Calculation of Interest  

Date         Cash Payment       Interest Expense       Lease Liability

12/31/2016                                                                    18,780.00

12/31/2017     6,952.00               1,502.40                  13,330.40

12/31/2018        7,299.60             1,066.43                  7,097.23

12/31/2019         7,664.58              567.78                           0.43  

Depreciation as per SIM method Depreciation

= Fair Value of Asset / Useful life Depreciation = 18780/3 = 6260  

7 0
4 years ago
Information on a prospective investment for Wells Financial Services is given below. Period 1 2 3 4 Loan Funds Available 3000 70
Harman [31]

Answer:

Let Lt = Loan in period t , t= 1...4

It = Investment in period t, t= 1...4

These are the decision variables

The objective is to maximize the net income which is the difference between Loan and investment in period 4

Investment income in period 4 = 110% of I4 = 1.1I4

Expense and loan in period 4 = 1.085 L4

So,

Maximize Z =  1.1I4-1.085 L4

Constraints

L1<= 3000

I1<= 4500

L1-I1= 100( Payroll payment)

L2<= 7000

I2<= 8000

L2+1.1I1-1.085L1-I2=120

L3<=4000

I3<= 6000

L3+1.12I2-1.085L2-I3=150

L4<=5000

I4<=7500

L4+1.13*I3-1.085L3-I4=100

1.10I4-1.085L4>=0

Lt, It>=0

Putting this in excel sheet,

See remaining part in pictures attached.

Explanation:

See pictures attached.

7 0
3 years ago
13. A borrower is purchasing a property for $180,000 and can choose between two possible loan alternatives. The first is a 90% l
Harman [31]

Answer:

for the first loan the origonal loan of $180,000 goes up to $453,166

and the second one is $462,446

8 0
3 years ago
An insurance company is obligated to pay a policyholder $500 in one year and $2,000 in 3 years. The insurance company has decide
vladimir2022 [97]

Answer:

The total cost of establishing the portfolio is $2054.95.

Explanation:

The present value of a bond is given as

PV=FV\times\dfrac{1}{(1+r)^n}

For 1 year zero-coupon bond is

  • FV is 500
  • r is 7% or 0.07
  • n is 1

So the value is

PV=FV\times\dfrac{1}{(1+r)^n}\\PV=500\times\dfrac{1}{(1+0.07)^1}\\PV=500\times\dfrac{1}{(1.07)}\\PV=500\times0.9346\\PV=\$ 467.29

Similarly, for 3 years zero-coupon bond is

  • FV is 2000
  • r is 8% or 0.07
  • n is 3

So the value is

PV=FV\times\dfrac{1}{(1+r)^n}\\PV=2000\times\dfrac{1}{(1+0.08)^3}\\PV=2000\times\dfrac{1}{(1.08)^3}\\PV=2000\times0.7938\\PV=\$ 1587.66

So the total cost is

Total Cost=Cost of  1-year zero-coupon bond+Cost of 3-years zero-coupon bond

Total Cost=$ 467.29+$ 1587.66

Total Cost= $ 2054.95

So the total cost of establishing the portfolio is $2054.95.

6 0
3 years ago
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