Answer:
It will return 1,936,000 dollars
from which 336,000 will be interest
Explanation:
We solve using the future value of a lump sum:
Principal 1,600,000.00
time 2.00
rate 0.10000
Amount 1,936,000.00
We calculate interst by the different os the amount borrow and the amount returned:
1,936,000 - 1,600,000 = 336,000
Answer: Cost method
Explanation:
The method that Jarmon should use to account for its investment in Kaleski is the cost method.
Since it's a cost method, Kaleski should record the investment in stocks at cost, that is the price that was paid for the stock. In this case, most stocks from the other investors are purchased through the brokers.
Answer:
factory overhead cost varaince
Budget Actual Variance
Variable cost :
Indirect factory cost $46,000 $49700 3,700 Unfav.
Power and light 12,000 13,000 1,000 unfav.
Indirect materials 20,000 24,000 4,000 unfav
fixed cost:
supervisory salary 54500 54,500
Dep of plant and equipment 40,000 40,000
Insurance and property tax <u> 35,500</u> <u>35,500</u>
total <u>208,000</u> <u>216,700</u> <u>8,700 un</u>fav
Explanation:
Answer:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Merchandise $ 760 (debit)
Cash $ 560 (credit)
Equipment $200(credit)
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Cash $270 (debit)
Dividend $530 (debit)
Salaries and Wages $ 800 (credit)
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
Account Payable $470(debit)
Cash $470 (credit)
Explanation:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Derecognise the $ 200 Equipment recored in error.The Cash figure was understated, therefore derecognise a further $560 to reflect the outflow of economic benefits. Lastly the Merchandise or Inventory Account must the recognised. This is the correct asset account to the original transaction.
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Recognise an equity element - Divident. Assets of cash were overstated therefore recognise the overstated amount of $270. Salaries and Wages Account was recognised in error therefore de-recognise this expense account.
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
The transactions was recorded in correct accounts for the debit and credit but with wrong or understated amounts. Recognise a further $230 for Accounts Payable and a further 4230 for Cash
“Bell shaped” and the mean, median, and mode are all equal and are located in the center of distribution.