All categories

3 years ago

Which situation would MOST LIKELY result in an increase in quantity demanded?

1 answer:

3 0

When you say the POV of the something that you want to talk about and give the them the prof to believe you that you right

You might be interested in

Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 103 P

romanna [79]

Answer:

Details below

Explanation:

For issuance of an entry a single transaction is recorded that is work in process account is debited and materials inventory account is credited. In subsidiary ledgers job numbers are debited. For indirect Materials factory overhead is debited.

The given data is as follows.

Requisition No. Material Job No. Amount

103 Plastic 400 $ 2,800

104 Steel 402 24,000

105 Glue Indirect 1,620

106 Rubber 403 3,200

107 Titanium 404 31,600

The entry for materials requisitioned will be

A compound entry can be passed. In this the subsidiary ledger is not included.

Sr. No Particulars Debit Credit

Work In Process 61600

Factory Overhead 1620

Materials Inventory 63200

The one with a subsidiary ledger would look like this.

Sr. No Particulars Debit Credit

(Subsidiary)

1 Work In Process 61600

( Job No 400) 2800

( Job No 402) 24000

( Job No 403) 3200

( Job No 404) 31600

Factory Overhead 1620

Materials Inventory 63200

This is combined entry but separate entries can be passed as well .

Sr. No Particulars Debit Credit

Work In Process 61600

Materials Inventory 61600

Sr. No Particulars Debit Credit

Factory Overhead 1620

Materials Inventory 1620

Sr. No Particulars Debit Credit

(Subsidiary ledger)

( Job No 400) 2800

( Job No 402) 24000

( Job No 403) 3200

( Job No 404) 31600

Materials Inventory Plastic 2800

Materials Inventory Steel 24000

Materials Inventory Titanium 3200

Materials Inventory Rubber 31600

In each of the entries above materials inventory is credited.

3 0

3 years ago

If he wanted the cash award of each of the five prizes to be $45,000 and his estate could earn 7% per year, how much would he ne

Stels [109]

Answer:

The answer is $3,214,285.71

Explanation:

Price of each award is $45,000

And there are 5

Therefore, we have 5 x $45,000

=$225,000.

So, $225,000 is the future value.

Rate of return(r) in 7% and it is being assumed that it is forever.

So, so how much will be needed to fund his prizes(present value)?:

PV = FV/r

= $225,000/0.07

=$3,214,285.71

5 0

3 years ago

You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per month in a stock account an

Alex

Answer:

The withdrawals will be of $ 11,379.014 per month

Explanation:

Future value of the annuities:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 750.00

time 360(30 years x 12 monhs per year)

rate 0.008333333 (10% / 12 months)

$750 \times \frac{1-(1+0.00833)^{-360} }{0.008333} = PV\\$

PV $1,695,365.9436

$C \times \frac{(1+r)^{time} -1}{rate} = PV\\$

C 250.00

time 360 (30 years x 12 monhs per year)

rate 0.005 (6% / 12 months)

$250 \times \frac{(1+0.005)^{360} -1}{0.005} = PV\\$

PV $251,128.7606

Total 1,695,365.84 + 251,128.76 = 1.946.494,6‬

and from here we withdraw for 25 years:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV 1,946,495

time 300 (25 years x 12 months)

rate 0.004166667 (5% / 12 months)

$1946494.6 \div \frac{1-(1+0.004167)^{-300} }{0.004167} = C\\$

C $ 11,379.014

6 0

3 years ago

What is the purpose of reporting comprehensive income?A. To provide a consolidation of the income of the firm's segments.B. To r

jek_recluse [69]

Answer:

Option D

Explanation:

Comprehensive earnings reporting is intended to provide a summary of all adjustments in a corporation's equity arising from acknowledged exchanges as well as other time commercial activities other than dealings with holders in their capacities as shareholders.

If included with the fiscal reports with associated reports and other details, the details generated by disclosing detailed income will assist stakeholders, lenders as well as others in determining the operations of a business, and the duration and extent of potential cash streams of a business.

6 0

3 years ago

An advance payment of $1,000 for services was received on December 1 and was recorded as a liability. By the end of the year, $4

serious [3.7K]

Answer:

The answer is "$400"

Explanation:

Given:

advance payment = $ 1,000

by the end of year he earned= $ 400

So, the total eared value is $ 400 because it is the Debit unearned income.

3 0

3 years ago

Read 2 more answers