Answer:
Ending Work in Process $ 4640
Explanation:
<u>Sheridan Company</u>
<u>Shaping Department </u>
Ending Work in Process $ 4640
Materials = 2000 units*$2= $ 4000
Conversion= 2000 units *20%* $1.6= 400*$ 1.6=$ 640
We find the cost of ending inventory by multiplying the materials unit cost with the materials units and the unit conversion costs with the equivalent conversion units.All materials are included because the materials are added at the beginning of the process.
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Answer:
9.6%
Explanation:
The ROE is 12 %
The payout ratio is 20%
The first step is to calculate tnr retention ratio
= 1-(20/100)
= 1-0.2
= 0.8
The sustainable growth can be calculated as follows
= 12×0.8
= 9.6
Hence the sustainable growth rate is 9.6%
Answer:
Letter B
Explanation:
It is worth noting that, although poverty rates have decreased, there has been no drastic decrease as mentioned in option A and option B fits the answer better. Whereas, the official poverty rate in the USA according to data from the Census Bureau, has decreased in the last half-century, from 22.1% in 1960 to 14.5% in 2013, which means the lowest rate since the 1960s.
Answer:
Dr Bad Debt Expense $65,000
Cr Accoutn Receivable $65,000
Explanation:
Preparation of the journal entry to Record the write off an account.
Based on the information given the appropriate journal entry to Record the write off an account be is :
Dr Bad Debt Expense $65,000
Cr Accoutn Receivable $65,000
(To Record write off an account)