Answer:
If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.
Date Account Title Debit Credit
XX-XX-XXXX Accounts Payable - Saurya Stores Rs. 39,000
Cash Rs. 39,000
Answer:
B. $270,000.
Explanation:
The computation of the total overhead cost is shown below:
But before that first we have to find out the variable overhead per hour which is
= $90,000 ÷ 15,000
= $6 per hour
Now
Variable overhead for 25,000 hours is
= $6 per hour × 25,000
= $150,000
So,
Total overhead cost is
= Variable overhead for 25,000 hours + Fixed overhead cost
= $150,000 + $120,000
= $270,000
hence, the correct option is B. $270,000
Answer:
The range of possible transfer is $ 3.25 to $ 3.50
Explanation:
Data provided:
The purchasing cost of the transistor = $ 3.50
The total number of transistors needed = 8,000
The production cost of the transistor = $ 4.00
The included variable cost = $ 3.25
The included fixed cost = $ 0.75
Now,
the fixed cost cannot be altered, thus it will be there
hence,
the variable cost will be the factor that will evaluate the decision i.e $ 3.25
therefore, the <u>range of possible transfer is $ 3.25 to $ 3.50</u>
Answer:
The correct answer is "$ 30.34".
Explanation:
The value of the stock can be computed by the following formula:
⇒ ![\frac{Dividend \ in \ year \ 3}{(1 + Required \ return \ rate)2} + \frac{Dividend \ in \ year \ 4}{(1 + Required \ return \ rate)3} + \frac{Dividend \ in \ year \ 5}{(1 + Required \ return \ rate) 4 } + \frac{1}{(1 + Required \ return \ rate)4 }\times [\frac{( Dividend \ in \ year \ 5 (1 + Growth \ rate)} {( Required \ return \ rate - Growth \ rate)}]](https://tex.z-dn.net/?f=%5Cfrac%7BDividend%20%5C%20in%20%5C%20year%20%5C%203%7D%7B%281%20%2B%20Required%20%5C%20return%20%5C%20rate%292%7D%20%20%2B%20%5Cfrac%7BDividend%20%5C%20in%20%5C%20year%20%5C%204%7D%7B%281%20%2B%20Required%20%5C%20return%20%5C%20rate%293%7D%20%20%2B%20%5Cfrac%7BDividend%20%5C%20in%20%5C%20year%20%5C%205%7D%7B%281%20%2B%20Required%20%5C%20return%20%5C%20rate%29%204%20%7D%20%2B%20%5Cfrac%7B1%7D%7B%281%20%2B%20Required%20%5C%20return%20%5C%20rate%294%20%7D%5Ctimes%20%5B%5Cfrac%7B%28%20Dividend%20%5C%20in%20%5C%20year%20%5C%205%20%281%20%2B%20Growth%20%5C%20rate%29%7D%20%7B%28%20Required%20%5C%20return%20%5C%20rate%20-%20Growth%20%5C%20rate%29%7D%5D)
On putting the values, we get
⇒ ![\frac{1.50}{1.08^2} + \frac{1.60}{1.08^3} + \frac{1.75}{1.08^4 } + \frac{1}{1.08^4} \times [ \frac{( 1.75\times 1.03)}{(0.08 - 0.03)}]](https://tex.z-dn.net/?f=%5Cfrac%7B1.50%7D%7B1.08%5E2%7D%20%20%2B%20%5Cfrac%7B1.60%7D%7B1.08%5E3%7D%20%20%2B%20%5Cfrac%7B1.75%7D%7B1.08%5E4%20%7D%20%2B%20%5Cfrac%7B1%7D%7B1.08%5E4%7D%20%5Ctimes%20%5B%20%20%5Cfrac%7B%28%201.75%5Ctimes%201.03%29%7D%7B%280.08%20-%200.03%29%7D%5D)
⇒ 
⇒ 
($)
Answer:
D. All of the statements are correct.
Explanation:
The Seller requires to
Reduce its sales by the estimated return value and cost of goods sold by the estimated cost value of the units expected to return in the future.
Use historical data of sales and returns and calculate the value of expected return items.
After the estimation of values record the adjusting transaction for the estimated return liability and the inventory to be returna as well.
