Answer:
April 1. Paid six months of rent, $4,800
Requires Deferred expense-type of adjusting entry
April 10. Received $1,200 from customer for six month service contract that began April 1.
Requires Deferred revenue-type of adjusting entry
April 15. Purchased a computer for $1,000.
Requires Deferred expense-type of adjusting entry
April 18. Purchased $300 of office supplies on account
Requires Deferred expense-type of adjusting entry
April 30. Work performed but not yet billed to customer, $500
Requires Accrued revenue-type of adjusting entry
April 30. Employees earned $600 in salaries that will be paid May 2.
Requires Accrued expenses-type of adjusting entry
Answer: 33.3%
Explanation: The predetermined overhead rate allocates the manufacturing overhead to products. This is based on an estimate, as it is done at the beginning of the financial year. It uses an allocation base, which is usually a cost driver. A cost driver is a type of activity that causes a change in the cost of said activity. Examples of cost drivers usually used are: direct labour hours or machine hours.
The formula for calculating the predetermined overhead rate is:
Total estimated overhead costs ÷ total estimated overhead allocation base (estimated direct labour costs is used)
300 000 ÷ 900 000 = 0.33333 × 100 = 33.3%
Answer:
GFR Group created has successfully created a synergy of $20
Explanation:
The fact that the share price of the company is $20 more than the sum of each strategic business units share prices put together means that the parent has created a synergy of $20.
Synergy means when combined firms far outweigh the results of each strategic units added together
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
1) Deposit= $500
An annual simple interest rate of 6.6%
Number of years= 13 years
To calculate the final value, we need to use the following formula:
FV= PV*[i*n]
FV= 500*(0.066*13)= $429
2) Deposit= $500
An annual compounded interest rate of 6.6%
Number of years= 13 years
To calculate the final value, we need to use the following formula:
FV= PV*(1+i)^n
FV= 500*(1.066^13)
FV= $1,147.66
3) Deposit= $500
A quarterly compounded interest rate of 6.6%
Number of years= 13 years
Now:
n= 13*4= 52
i= 0.066/4= 0.0165
FV= 500*(1.0165^52)= $1,171
