Market economy and free enterprise
Answer:
$220 million
Explanation:
According to given information in question:
Assets = $400 million
Liabilities = $180 million
Accounting Equation:
Assets = Equity + Liabilities
$400 million = Equity + $180 million
Equity = $400 million - $180 million
Equity = $220 million
Based on the accounting equation, Prosian Italia's owners' equity is equal to $220 million.
Answer:
$30,000
Explanation:
The computation is shown below:
As we know that
Current ratio = Current assets ÷ Current liabilities
Current assets = 3.4 × Current liabilities
Now the
Acid-test ratio = Quick assets ÷ Current liabilities
2.8 = Currents assets - inventory ÷ Current liabilities
2.8 = 3.4 × Current liabilities - $18,000 ÷ Current liabilities
2.8 × Current liabilities = 3.4 × Current liabilities - $18,000
After solving this, the current liabilities is $30,000
Answer:
A. $5.00 per machine-hour
Explanation:
The computation of the manufacturing overhead application rate is shown below:
= Estimated manufacturing overhead ÷ expected machine-hours incurred
= $550,000 ÷ 110,000 machine hours
= $5.00 per machine hour
In order to determine the manufacturing overhead application rate, basically we divided the estimated manufacturing overhead by the expected machine hours