Answer:
Bob's predetermined overhead rate = 9.91
Explanation:
Calculation for predetermined overhead rate
Predetermined overhead rate = Estimated (Budgeted) Overhead Expense / Estimated Direct Labor Hours
Predetermined overhead rate = 110917 / 11198
Predetermined overhead rate = 110.917 / 11.198
Predetermined overhead rate = 9.91
Answer:
$20 million is expected to have cash balance at the end of the year.
$39 million is the maximum possible investment funds that company is expected to invest.
Yes it is true net cash flow is likely to decrease in the next quarter if the company allows customer to pay in 90 days instead of 60 days.
Answer:
1. After the split, how many shares of common stock are outstanding and what is their par value per share?
40,000 stocks outstanding x 2 = 80,000 stocks outstanding after the stock split
par value of each stock = $2 / 2 = $1
Aren't both questions the same?
2. After the split, the number of shares outstanding is <u>80,000</u> and the par value per share is <u>$1</u>.
Explanation:
When a stock split happens, the total number of outstanding stock is just multiplied by the stock split factor, in this case it was 2, but other times it might be 4 or 7 (like Apple stock). You just multiply total outstanding stock by the split number. On the other hand, par value is calculated by dividing the current par value by the split number.
<span>Is there answer choices ?
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Answer:
$37,000
Explanation:
The following costs were incurred in a recent period
Direct Materials $33,000
Depreciation on Factory Equipment $12,000
Factory Janitor's Salary $23,000
Direct Labor $28,000
Utilities for Factory $9,000
Selling Expenses $16,000
Production Supervisor's Salary $34,000
Administrative Expenses $21,000
Therefore, the total amount of period cost can be calculated as follows
Total amount of period costs = Selling expenses + administrative expenses
= $16,000 + $21,000
= $37,000
Hence the total amount of period costs for the above period is $37,000
