At some stage in the period, the corporation purchases an additional $three,700 of workplace components for coins. by the give-up of the duration, only $850 of workplace elements remains.
Whilst you buy workplace materials for your company, the purchase impacts the components price account (fairness subaccount) and the coins account (asset). document the purchase through growing the substances price account with a debit and decreasing the coins account with a credit.
Purchase of materials for coins is recorded inside the coins and substances bills. if you buy your supplies on credit score, and it's far a huge sufficient amount that you are in all likelihood to use it over more than one accounting duration, then your liabilities, in terms of money owed payable, boom, and your modern-day belongings growth as well.
Supplies bought from a supplier the usage of credit: The resources cost account is debited and the accounts payable account is credited. inventory purchased from a provider they use of coins: The stock account is debited and the coins account is credited.
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Answer:
Estimated manufacturing overhead rate= $2.32 per machine hour.
Explanation:
Giving the following information:
Overhead costs are estimated to total $292,552 for the year, and machine usage is estimated at 126,100 hours.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 292,552/126,100= $2.32 per machine hour.
Answer:
The cash-flow statement is one of the most important documents for making management decisions. While the company can look profitable based on standard accounting methods, the cash-flow statement tells managers whether the company has the cash to pay its bills over the short-term.
Answer:
The answer is below
Explanation:
Appreciation and depreciation is caused by demand. If the value appreciates (or goes up), demand for the currency also rises. Whereas if a currency depreciates, it loses it value.
Given that the U.S. dollar appreciates from 1.25 Swiss franc per U.S. dollar to 1.5 francs per dollar. Sine the U.S dollar appreciates, hence the franc would depreciate. The franc depreciates from 1.25⁻¹ (0.8) U.S dollars per franc to 1.5⁻¹ (0.67) U.S dollars per franc.
If the U.S. dollar appreciates from 1.25 Swiss franc per U.S. dollar to 1.5 francs per dollar, then the franc depreciates from 0.80 U.S. dollars per franc to 0.67 U.S. dollars per franc.
Creditworthiness<span> is a valuation performed by lenders that determines the possibility a borrower may default on his debt obligations. It considers factors, such as repayment history and credit score.</span>
