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2 years ago

An old computer having book value RS.10000 was sold for RS. 15009.journal entries?

Business

2 answers:

slavikrds [6]2 years ago

7 0

Answer:

profit will come while selling book

IRISSAK [1]2 years ago

3 0

Answer:

profit will come why selling book

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Use the following for the next five questions: The following data is given for the Walker Company: Budgeted production..........

PtichkaEL [24]

Answer:

$1,188 unfavorable

Explanation:

The computation of the total direct labor variance is shown below:

Total Labor Variance is

= Total standard cost - total actual cost

= (Standard hours × Standard rate) - (Actual hours × Actual rate)

= (980 units × 4.5 × $14) - ($62,928)

= 61,740 - $62,928

= $1,188 unfavorable

Since the actual cost is more than the standard cost which results into unfavorable variance

8 0

2 years ago

Leora had some money in her wallet. She spent $18.62 buying groceries and had $43.55 left. How much money did she have in her wa

kykrilka [37]

Answer:

D. $62.17

Explanation:

To get to this conclusion you just have to add 18.62 with 43.55 to get 62.17.

5 0

2 years ago

Read 2 more answers

A firm sells two products, Regular and Ultra. For every unit of Regular the firm sells, two units of Ultra are sold. The firm's

Umnica [9.8K]

Answer:

break even rate = $31000

ultra break even point = $62000

Explanation:

given data

total fixed costs = $1,612,000

solution

WE FIND HERE FIRST contribution margin that is

contribution margin for regular per unit = $20 - $8

contribution margin = $12

and

contribution margin for ultra = $24 - $ 4

contribution margin for ultra = $20

so if 1 unit of regular is sold

2 unit of ultra will sold here

contribution margin is here

contribution margin = ( $12 × 1 )+ ( $12 × 2 )

contribution margin = $52

and

break even point at commposite rate = total fix cost ÷ contribution margin rate at commposite rate

break even rate = $\frac{1612000}{52}$

break even rate = $31000

and

ultra break even point = 31000 × 2

ultra break even point = $62000

4 0

3 years ago

Leverage implies that a company a.contains debt financing. b.has a high current ratio. c.has a high earnings per share. d.contai

Juliette [100K]

Answer:

a.contains debt financing

Explanation:

Company activities are sponsored through two sources namely;Equity and debt. Equity is the fund available to the business from the owners of the business while debt refers to fund from 3rd parties.

A company is said to be geared when it has some element of debt financing. This is the same as leverage. Hence Leverage implies that a company contains debt financing

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3 years ago

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In its first tax year, the Vasquez Estate generated $50,000 of taxable interest income and $30,000 of tax-exempt interest income

olasank [31]

Answer:

i) Subtotal the income shown on lines 1 through 8 of Form 1041 and add the tax-exempt income from line 1 in “Other Information” on the back of the return to arrive at total income.

Total Income = Taxable income + Non-taxable income

= $50000 + $30000

= $80000

ii) Divide the total income by the total taxable income and multiply the results by the total fiduciary fees.

= ($80000/$50000)*8000

=$12800

iii) Take the deductible fees on line 12 and subtract the balance from the total tax-exempt income to arrive at the adjusted tax-exempt income.

= $30000 - ($12800-8000)

= $25200

Subtotal the income shown on lines 1 through 8 of Form 1041 and add the tax-exempt income from line 1 in “Other Information” on the back of the return to arrive at total income.

Divide the total income by the total taxable income and multiply the results by the total fiduciary fees.

Take the deductible fees on line 12 and subtract the balance from the total tax-exempt income to arrive at the adjusted tax-exempt income.

Place that number on Schedule B, line 2.

Explanation:

5 0

3 years ago

An old computer having book value RS.10000 was sold for RS. 15009.journal entries?​

An old computer having book value RS.10000 was sold for RS. 15009.journal entries?