Answer:
April 2
Inventory 4,600 debit
Account Payable 4,600 credit
April 3
freight-in 300 debit
cash 300 credit
April 4
account payable 600debit
Inventory 600credit
April 17
Account Payable 4,000debit (4,600 - 600)
Discount 80debit (4000 * 2%)
Cash 3,820credit
April 18
Inventory 8,500 debit
Account Payable 8,500 credit
April 21
Account Payable 1,100debit
Allowance Inventory 1,100
April 28
Account Payable 7400debit (8,500 - 1,100)
Discount 148debit (7400 * 2%)
Cash 7252credit
Answer:
$89,418
Explanation:
It is important to realize that Ms. White has been honoring her mortgage payments for the 18 months that she owned the house.
So we can determine the amount of outstanding debt by constructing an amortization table.
Here, i will use a Financial Calculator to prepare the amortization table.
PV = $90,000
N = 20
I = 12
FV = 0
P/YR = 1
PMT = $11,172.93 (CALCULATED)
Period Principle Interest Payment Balance
Beginning $90,000
Year 1 End $373 $ 10,800 $11,173 $89,627
Year 2 End $417 $ 10,755 $11,173 $89,209
But for the Year 2 she only owned the house for 6 month (to 18 months).
Thus amount outstanding after 18 months is $89,418 ($89,627 - $209)
Answer: b. $188,800 Blackwelder Company will allocates $188,800 to desk lamp production if the actual direct hours is 118,000.
We have the following:
Total Plant Overhead = $640,000
Total Estimated Direct labour hours = 400,000 hours
Actual labour hours for desk lamp = 118, 000 hours
![Factory overhead allocated = Overhead allocation Rate * Actual labour hours [/tex] [tex] Factory overhead allocated = $188,800 (1.6 * 118,000)](https://tex.z-dn.net/?f=%20Factory%20overhead%20allocated%20%3D%20Overhead%20allocation%20Rate%20%2A%20Actual%20labour%20hours%20%5B%2Ftex%3C%2Fstrong%3E%5D%3C%2Fp%3E%20%3Cp%3E%3Cstrong%3E%5Btex%5D%20Factory%20overhead%20allocated%20%3D%20%24188%2C800%20%281.6%20%2A%20118%2C000%29%20)
It's true that the amount of reserves depositor money withheld from funding loans plays a significant role in influencing the money supply.
All the money and other liquid assets present in an economy on the measurement date are referred to as the money supply. The money supply roughly consists of deposits that can be utilized virtually as easily as cash in addition to actual currency.
Governments issue coin and paper money through a mix of national treasuries and money supply, central banks. By dictating to banks what reserves they must maintain, how to offer credit, and other financial issues, bank regulators have an impact on the amount of money that is available to the general people.
By regulating interest rates and altering the amount of money flowing through the economy, economists study the money supply and create policies based on it. Because the money supply may have an impact on price levels, inflation, and the business cycle, both the public and private sectors conduct analyses. The most significant determining factor in the money supply in the United States is Federal Reserve policy. The term "money stock" also applies to the money supply.
Learn more about money supply here
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