Answer:
$41,500
Explanation:
Calculation to determine What was the initial cost of the machine to be capitalized
Purchase price $35,000
Add Freight $1,500
Add Installation $3,000
Add Testing $2,000
Total Cost $41,500
Therefore the initial cost of the machine is $41,500
Answer:
Representative democracy.
Explanation:
Representative democracy refers to a system where the people govern through the election of parties or representatives with decision-making rights. Representative democracy can also be seen as a collective term for a number of democratic models. Common to these, however, is that the core consists of regularly recurring elections between competing representatives. People's sovereignty is achieved by the citizens influencing the government by voting in these elections. It is by far the most widespread method of exercising authoritative and legitimate control, demanding responsibility and developing debate in modern democracies.
The answer to this question is 30/100*$50,000 = $15,000 remains on the balance sheet at the end of the year.
The $ 1200 paid for advertisement is not included in the cost of inventory.
<span>Cost of inventory=cost of inventory+ any other cost needed to get inventory in place of sale.</span>
Answer:
The increase in earnings is $136511.56
Explanation:
Since the lease is a sale type of lease,it means that as soon as the machinery is delivered to the lessee,profit should be recognized on the lease transaction,which is computed below:
Profit on lease=present value of lease payments-costs
=$274149-$156000
=$118149
However,every six months interest is charged on the lease,which clearly indicates another source of earnings,the interest in the first six months is given below:
Interest=($274149-$44617)*8%
=$18362.56
Please note that interest is charged after lease payment as lease payment is made in advance not in arrears.
Conclusively, the increase in earnings is $118149+$18362.56
That is $136511.56
Answer:
total equivalent units for materials = 6,310
Explanation:
700 units in beginning work in process:
- materials: 70% complete, $8,700, completed 490 equivalent units, not completed 210 units
- conversion: 10% complete, $3,700
units started in to production 6,400
units transferred out 5,600
ending work in process 1,500
- materials: 80% complete, completed 1,200 equivalent units for materials
- conversion: 25% complete
materials added $92,200
conversion costs added $269,600
equivalent units for materials:
- beginning WIP equivalent units to be completed = 210
- units started and completed = 5,600 - 700 = 4,900
- ending WIP = 1,200 equivalent units
- total equivalent units for materials = 6,310
