Answer:
The correct answer is:
- Journalized business transactions are posted to the ledger.
- An unadjusted trial balance is prepared.
- Financial statements are prepared.
- Closing entries are journalized and posted to the ledger.
- A post-closing trial balance is prepared.
Explanation:
The following phases or stages are distinguished in the accounting process or cycle:
- Initial situation balance.
- Accounting opening.
- Record of the operations of the year.
- Periodification
- Adjustments prior to the determination of the benefit - or loss - generated in the year.
- Balance check sums and balances.
- Calculation of the result.
- Accounting closing.
- Annual accounts.
- Distribution of the result.
Answer:
According to fisher equation
(1+nominal Interest rate)=(1+real interest rate)(1+inflation)
1) So 1.17=(1+R)(1.13)
1+R=1.17/1.13
R=1.035-1
R=0.0353
Real interest rate = 3.53 percent
2) (1+NIR)= 1.03*1.04
1+ NIR= 1.072
NIR= 0.072
Nominal interest rate = 7.2 percent
A lender prefers a higher real interest rate as he will earn more money on the amount he has lend if the real interest rate is higher.
A borrower will prefer a lower real interest rate as he will have to pay lower interest payments on an amount if the real interest rate is lower.
Explanation:
Answer:
unitary product cost= $102
Explanation:
Giving the following information:
Manufacturing costs Direct materials per unit $60
Direct labor per unit $22
Variable overhead per unit $8
Fixed overhead for the year $528,000
Units produced= 44,000
The absorption costing method includes all costs related to production, both fixed and variable<u>. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>
Fi<u>rst, we need to calculate the unitary fixed overhead:</u>
Unitary fixed overhead= 528,000/44,000= $12
<u>Now, the unitary product cost:</u>
unitary product cost= 60 + 22 + 8 + 12
unitary product cost= $102
Answer:
Their average hourly productivity as a team for chicken breasts will be
45.
Explanation:
Here, it is given that Mike and Tom debone chicken breasts for Ted' chicken company.
Mike debones 30 chicken breasts,
Meanwhile Tom is having his own experience in this work and knows how to calculate the hourly work
So, Tom allows Mike to debone only 60 chicken breasts per hour.
Now its mentioned that both Tom and Mike had worked 40hrs per week.
So, their average hourly productivity as a team will be:
⇒ 45
So, their average hourly productivity as a team for chicken breasts will be 45.
