Sales tickets
Sales tickets Telephone bill
Sales tickets Telephone bill Invoice from supplier Bank statement
<h3>What is a source document ?</h3>
The source document is the original record of a business transaction. The parties involved in a transaction, any payments made, the date, and the specifics of the transaction are all recorded in a source document.
- Typical examples of source documents are sales receipts, checks, purchase orders, invoices, bank statements, and payroll records. These are all original documents that were created as a result of a transaction and the initial components of an accounting system.
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Answer:
Total= 27,056 units
Explanation:
Giving the following information:
Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,800 in quarter 2, 14,400 in quarter 3, and 18,300 in quarter 4. Management desires to have an ending finished goods inventory equal to 24% of the next quarter’s expected unit sales.
Production Budget:
1st quarter= 10,800
2nd quarter= 12,800
Ending inventory= (14,400*0.24)= 3,456
Total= 27,056 units
Answer:
The combined total capital that would be recorded on the partnership books for the two partners is $79,000
Explanation:
Partnership : In partnership, there are two or more members who are called partners which are ready to share the profit or loss percentage according to their agreed ratio
The combined total capital for both partners is shown below:
= Contributed cash + truck fair value + garage fair value
= $8000 + $ 16,000 + $55,000
= $79,000
The other cost like purchase price, depreciation, construction cost is irrelevant for computation. Thus, these cost will not be considered.
Hence, the combined total capital that would be recorded on the partnership books for the two partners is $79,000
Answer: 11.65%
Explanation:
First find cost of equity using CAPM:
= Risk free rate + Beta * Market risk premium
= 3.4% + 1.37 * 8.2%
= 14.6%
Debt to equity = 0.45
This means that weight of debt is:
= 0.45 / (1 + 0.45)
= 31.03%
Weight of equity:
= 1 - 31.03%
= 68.97%
WACC = (Weight of equity * cost of equity) + (weight of debt * cost of debt * (1 - tax))
= (68.97% * 14.6%) + (31.03% * 7.6% * (1 - 34%))
= 11.63%
= 11.65% as per options
