Answer:
Total cost of skipping practice and going to the movies = $24
Explanation:
Total cost of going to movie and skipping practice, will be inclusive of opportunity cost of earning from swimming lessons.
Here coach earns $15 per hour
Opportunity cost = $15 per hour for hours forgiven due to movie.
Real cost = $9 for movie entry.
The total cost of skipping practice and going to the movies = $15 + $9 = $24
Since its hour long practice, that has to be skipped, assumed the practice session of an hour is missed, in case it is more than an hour then $15 X number of hours + $9 entry fee of movie.
Since its hour long practice, total cost of skipping practice and going to the movies = $15 + $9 = $24
Answer:
Direct material used= $122,700
Explanation:
Giving the following information:
January 1 December 31
Inventories Raw materials inventory $6,700 $11,000
Activity during current year Materials purchased $127,000
<u>To calculate the direct material used, we need to use the following formula:</u>
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 6,700 + 127,000 - 11,000
Direct material used= $122,700
Answer:
Part a
Assets = Increase $3,600
Liabilities = Increase $3,600
Equity = No effect
Part b
Assets = Increase $12,300
Liabilities = No effect
Equity = Increase $12,300
Part c
Assets = Decrease $2,700
Liabilities = Decrease $2,700
Equity = No effect
Part d
Assets = Decrease (with decrease)
Liabilities = No effect
Equity = Decrease (with decrease)
Explanation:
Effects of the events on the financial statements are considered for the impart of transaction on the Assets, Liabilities and Equity as above.
Answer:
$ 714,550
Explanation:
straight line depreciation:
cost $29,900,000
avoidable interest
AKA interest capitalized through building account $ 592,000
Building posted in the accounting: 30,942,000
salvage value: <u> ( 2,360,000)</u>
<em>amount subject to depreciation 28,582,000</em>
useful life of he building 40 years
depreciation per year: 714,550
A= P(1+r/100)^n
Using this formula for compound interest,
where A is total amount,
P is the principal amount,
R is the interest rate and
n is the number of periods the amount is compounded
Let A be 57000, P be 35000 and r be 4.25
and solve the qn