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Minchanka [31]
3 years ago
10

On December 1, Victoria Company signed a 90-day, 8% note payable, with a face value of $16,200. What amount of interest expense

is accrued at December 31 on the note? (Use 360 days a year.)
Business
1 answer:
elixir [45]3 years ago
6 0

Answer: Interest expense=$108

Explanation:

Interest expense =Principal x Rate x Time ( Period)

Where

Principal = $16,200

Rate =, 8%

TIme ( Period ) =  From December 1st to 31`st = 30 days

Interest expense= P x R x T

= $16,200 X 0.08 X 30/360

=$108

The amount of interest expense accrued at December 31 on the note is $108

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Refer to the financial statement for the current year and prior two years. Analyze the year-to-year change in account balance fo
insens350 [35]

Answer:

c)Company is not performing well as we can observe that % change in sales and gross profit are increasing year by year. Return on equity is almost same year by year  

There is no much risk associated with company

Explanation:

1)Current Ratio  = current assets/current liability

2)return on equity= net profit/equity

3)Net Income(%)=net income/sales

4)Fixed Asset Turnover= Sales/Fixed asset

5)Debt ratio=debt/assets

8 0
3 years ago
National Dog Week is a dog food manufacturing factory. Suppose the theoretical capacity for the factory is 25,000 pounds/month.
vichka [17]

Answer:

National Dog Week

herefore, the average safety capacity of the factory is __5,000__ pounds/month.

Explanation:

a) Data and Calculation:

Theoretical capacity for the factory = 25,000

Effective capacity for the factory =     20,000

Safety capacity for the factory =           5,000

b) The safety capacity of National Dog Week describes the factory's capacity that is not being put to use currently but can be called to use when demand requires it.  It is the difference between the factory total usable capacity and the effective currently being used capacity.

8 0
3 years ago
The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hour
Sphinxa [80]

Answer:

XOXO

1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460  = $10 per direct labor

2. Analysis of cost per set for Job 12:

Raw materials:

Electronic parts: 40 units at $20 per unit  = $800

Plastic: 10 kilograms at $10 per kilogram        100

Labor hours: 60 hours at $25 per hour      1,500

Manufacturing overhead applied $10 per    600

 labor hour

Total Cost                                                 $3,000

Divided by 30 sets = $100 per set

Explanation:

The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production.  As an estimate, it can be overapplied or underapplied.

6 0
4 years ago
City is a product of the Chester company which is primarily in the Nano segment, but is also sold in another segment. Chester st
mash [69]

Answer:

700 units

Explanation:

Since it is given that the 700 units if city are sold to the nano segment and it is also mentioned that the competitive environment remains unchanged so the city demand of the product for the next year is also remains same as there is no change in the competitive environment

Hence, the demand fro the product in the next year is 700 units

6 0
4 years ago
Assume that each unit demanded generates $70 in revenue and that each unit ordered costs $50. How much will the company gain or
Vanyuwa [196]

Answer:

Note: The full question is attached as picture below

a. Let X is denoted as company’s monthly demand, P(X=x) is denoted as the probability of the company’s monthly demand.

The expected value is obtained below:

E(X) = (300*0.20) + (400*0.30) + (500*0.35) + (600*0.15)

E(X) = 60+120+175+90

E(X) = 445

b. The expected value of the monthly demand is 445. The each unit demands the revenue to generate is $70 and their cost is $50.

The gain/loss of the company = (300*(70−50)) - (145*50)

The gain/loss of the company = (300*20) - (145*50)

The gain/loss of the company = 6,000 - 7,250

The gain/loss of the company =−$1,250(Loss)

4 0
3 years ago
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