Answer:
"$1,673,750" is the appropriate answer.
Explanation:
The given values in the question are:
Applied overhead,
= $666,250
Actual overhead,
= $650,000
Unadjusted cost,
= $1,690,000
Now,
The overapplied overhead will be:
= 
= 
= 
($)
hence,
The goods sold's adjusted cost will be:
= 
= 
= 
($)
Answer:
correct option is B. -$4.02
Explanation:
given data
delivery price = $40
current stock price = $35
fixed dividend yield = 8% = 0.08
risk free rate = 12% = 0.12
solution
as we know that forward contract is a agreement that is made between 2 parties ( seller or buyer ) asset in future at today fix price in specified time,
we get here long forward contract value that is express as
long forward contract = 
...................1
put here value we get
long forward contract = 
solve it we get
long forward contract = -$4.02
so correct option is B. -$4.02
Answer: If the government sets a price floor of $5 per bushel, Say 1000 bushels of corn are produced, of which 300 bushels are purchased by consumers, and 700 bushels by the government. The program costs the government $3500. Farmers receive $5000 in total revenue.
Explanation: A price floor is a legitimate minimum value that the government sets on a product in the market, usually to protect the suppliers/farmers. Using the ballpark values as in the answer, to estimate and explain the concept of a price floor:
Say total quantity produced is 1000 bushels of corn from which the Market demands 300 bushels. Given that the government has set a price floor at $5 per bushel; then the Government has to buy the surplus bushels of corn in the market from the farmers.
Surplus bushels = Quantity produced – Quantity purchased
1000 bushels – 300 bushels = 700 surplus bushels of corn to be purchased at $5 each by the government
Therefore: It would cost the government (700 bushels x $5 =) $3,500 to mop up the surplus in the market and pay the farmers. The 300 bushels purchased by consumers would yield (300 x $5 =) $1,500 in earnings for the farmers. Total earning by the farmers = $3500 (from the government) and $1500 from consumers) = $5000.
I hope this helps to understand the concept of price floors.
Answer:
Im sorry I dont see anything? Theres no pictures.
Answer:
debit to Payroll Tax Expense for $44990
Explanation:
The journal entry is as follows
Payroll Tax Expense A/c Dr. $44,990
To FICA taxes withheld $25,610
To Federal unemployment taxes $2,680
To State unemployment taxes $16,700
(Being the accrual of employer’s payroll taxes is recorded)
For computing the payroll tax expense we simply added the FICA taxes withheld, federal unemployment taxes, and the state unemployment taxes
