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Mars2501 [29]
3 years ago
8

Reynolds Manufacturers Inc. has estimated total factory overhead costs of $136,400 and expected direct labor hours of 12,400 for

the current fiscal year. If Job 117 incurs 1,110 direct labor hours, Work in Process will be debited and Factory Overhead will be credited for a.$12,210 b.$136,400 c.$68,200 d.$1,110
Business
1 answer:
Helga [31]3 years ago
8 0
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For a typical firm, which of the following sequences is CORRECT? All rates are after taxes, and assume that the firm operates at
Varvara68 [4.7K]

Answer:

a. re > rs > WACC > rd.

Explanation:

Re represents cost of equity

Rs represents cost of retained earnings

WACC represents Weighted average cost of capital

Rd represents cost of debt

Basically the cost of equity is highest as there is no assured return on such equity investment.

Cost of retained earnings is less than cost of equity because amount invested is already in hands of company, although belonging to equity holders, thus is higher than total weighted cost of capital.

WACC is the cost after providing weights to every source of capital it is lower then equity, higher than debt because of average.

Cost of debt is lowest because of tax benefit from it.

6 0
3 years ago
From the following list of selected items taken from the records of Bobcat Appliance Service as of a specific date, identify tho
Gennadij [26K]

Answer:

Balance sheet:

Accounts receivable

Cash

Common stock

Land

Supplies

Wages payable

Income statement:

Fees earned

Supplies expense

Utilities expense

Wages expense

Explanation:

Accounts receivable, cash, land, and supplies are assets while wages payable is a liability while common stock is owner's equity, all of which are balance sheet items.

Besides, fees earned are a revenue item while utilities , suplplies  and wages expenses would appear in the income statement.

7 0
3 years ago
Allan purchased 800 shares of stock on margin for $31 a share and sold the shares five months later for $33.50 a share. the init
quester [9]

Answer:

Holding period return = 4.94%

Explanation:

Given that :

Allan purchased 800 shares of stock on margin for $31

And He sold it at the rate of $33.50 after five months.

Initial Margin requirement = 65%

Maintenance Margin = 30%

Interest Rate on Margin loan = 7.5%

The Holding period return can therefore be calculated by the formula:

Holding period return =  (sale price - purchase price - interest paid )/Purchase price

where ;

31 × 800 = 24800

Interest for five month = 5/12

Holding period return = (33.50-31)×800 - (7.5% ×24800× 5/12) / 24800

Holding period return = (2000-775)/24800

Holding period return = 0.0494

Holding period return = 4.94%

5 0
3 years ago
Beta Corporation wrote off $100,000 due from a specific client in March 2011. However, this client was able to make a Partial pa
Otrada [13]

Answer:

Option D Allowance for noncollectable Accounts.

Explanation:

The bad debt recovery recording is a two step process.

Step 1 Reverse the entry of bad debt with the amount received

Dr Trade Receivable $40,000

Cr                   Bad debts    $40,000

Step 2 Now record the receipt of amount as a reduction in trade receivable and increase in cash asset.

Dr  Cash  $40,000

Cr Trade Receivables $40,000

The only account unconsidered here was Allowance for the noncollectable account.

4 0
3 years ago
Assume that you invest 5 percent of your salary and receive the full 5 percent match from East Coast Yachts. What EAR do you ear
Anastasy [175]

Answer:

The EAR you earn from the match is 100%.

Explanation:

Since a full 5 percent match will be received if 5 percent of your salary is invested, this implies that 100% will be earned by you from the match up to 5%.

For example, if 5 percent of your salary that you put in is $200, the East Coast Yachts will match the $200. This indicates that effective annual return (EAR) earned by you from the match is 100%.

Therefore, the EAR you earn from the match is 100%.

4 0
3 years ago
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