Answer:
The correct answer is "$585.80".
Explanation:
According to the question,
Sold 63 units on July 30 from purchase of July 21, the remaining will be:
=
=
=
Sold 90 units on July 14 from purchase of 5, the remaining will be:
=
=
=
On July 1, opening stock will be:
=
=
hence,
The total value of inventory as per LIFO method will be:
=
= ($)
Answer:
This customer is looking for long term growth, so common equities are an appropriate investment rather than long term bonds. Since the customer does not believe in active asset management, a passive approach is best - that is, an index fund that has very low ongoing fees.
Explanation:
hope this helps
Answer:
A). Failed to exercise due care.
Explanation:
As per the given details, Bugle Corp. needs to prove that Dennis & Co. failed to exert the required care which it was supposed to exercise while auditing the financial statements of Stanley Corp. <u>This failure led Bugle Corp. to suffer major losses and thus, they must be accountable for this loss under the general law as they ignored the potential hazards</u>. Legally, this is unlawful as they were expected to ensure that these hazards must have addressed and told Bugle Corp. on time but since they failed, they are guilty of the crime. Hence, <u>option A</u> is the correct answer.
Answer:
overapplied for 20,200
Explanation:
Predetermined overhead rate:
350,000/250,000 = 1.4
each dollar of labor generates 1.4dollar of overhead
Applied overhead:
63,000 x 1.4 = 88,200
actual overhead: 62,000
82,200 - 62,000 = 20,200
<u>NOTE: INCOMPLETE INFORMATION</u>
The following account balances at the beginning of January were selected from the general ledger of Ocean City Manufacturing Company. Work in process inventory $0 Raw materials inventory $28,000 Finished goods inventory $40,000 Additional data: 1) actual manufacturing overhead for January amounted to $62000 2) Total direct labor cost for januray was $63,000 3) The predetermined manufacturing overhead rate is based on direct cost. The budget for the year called for $250,000 of direct labor cost and $350,000of manufacturing overhead costs. 4) The only job unfinished on January 31 was Job. 151 for which total direct labor charges were $5,200( 800 direct labor hours) and total direct material charges were $14,000 5) Cost of direct materials placed in production during January totaled $123,000. There were no indirect material requisitions during January. 6) January 31 balance in raw materials inventory was $35,000 7) Finished goods inventory balance on January 31 was $34,500
The loans that meet this criteria are loans X and Z.
<h3>Effective annual rate </h3>
The effective rate is the rate that a person actually pays on a loan when the rate of compounding is accounted for.
Effective annual rate = (1 + APR / m ) ^m - 1
M = number of compounding
<h3>Determining the loans that meet the criteria </h3>
Loan X: (1 + 0.07815/2)^2 - 1 = 7.9677%
Loan Y: (1 + 0.07724/12)^12 - 1 = 8%
Loan Z: (1 + 0.07698/ 52)^52 - 1 = 7.9959%
To learn more about effective rate, please check: brainly.com/app/ask?