Answer:
$85
Explanation:
Calculation for what the inventory of surgical supplies would be valued at
Net realizable value = $100 - $15
Net realizable value = $85
Therefore based on the above calculation the inventory of surgical supplies would be valued at $85
Answer:
Effect on income= $4,400 increase
Explanation:
Because it is a special order and there is unused capacity, we will not take into account the fixed costs.
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= number of units*unitary contribution margin
Effect on income= 4,400 (21 - 18 - 2)
Effect on income= $4,400 increase
Answer:
Explanation:
First, we have to compute the accrued interest amount, then only the adjustment entry would be made.
So,
Accrued interest = (Borrowed amount) × (rate of interest) × (number of months ÷ total number of months in a year)
= $8,000 × 12% × 2 ÷ 12
= $160
The two months is calculated from May 1, 2018 to June 30, 2018
Now, we pass the adjustment entry which is shown below:
Accrued interest expenses A/C Dr
To Interest payable
(Being adjustment entry of accrued interest is recorded)
Answer:
Option A was not mentioned in the research report. Which most people think is a good measure for setting adultry benchmarks. Almost most boys get sexually mature in the age between 15-17 whereas girls reach sexual maturity in the age range 14-16. In the nutshell saying being finished with high school is same to saying reaching sexual maturity so that's the reason the research report didn't asked this question.
Answer:
The statement is false because a change in the price of Coke would not change the demand for Coke.
Explanation:
A demand schedule is a table that shows the quantity demanded at different prices in the market. A demand curve shows the relationship between quantity demanded and price in a given market on a graph. The law of demand states that a higher price typically leads to a lower quantity demanded