Answer and Explanation:
The Journal entry is shown below:-
Cash Dr, $604.80 ($640 × 5.5%)
Card Expense $35.20
To Sales $640
(Being sale is recorded)
Here we debited the cash and expenses as assets are increasing also it increased the expenses On the other hand it also increased the sales. Also assets and expenses contains normal debit balance and the sales revenue contains normal credit balance
Answer:
Explanation: It implies that no cost of floatation is associated with he issuance of common stock and the cost of retained earnings is less than the cost of new outside equity capital. By this, a firm shouldn't be advised to pay dividends as it needs to exhaust all of her retained earnings before raising capital since the cost of retained earnings is lower than the cost of issuing new shares. The firm should opt to raise more capital by issuing new stocks only after it has exhausted all its retained earnings. Thus, issuing new stocks and paying dividends during the same year results in unnecessary incurrence of costs of capital and is considered to be irrational.
Answer:
Predetermined manufacturing overhead rate= $33.33 per direct labor hour
Explanation:
Giving the following information:
Next year, the company anticipates total overhead costs of $2.5 million.
Estimated direct labor hours= 75,000
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 2,500,000/75,000
$12,500,000,000/$62,500 = 200,000,000
What Is the GDP Per Capita?
A country's economic output is broken down by its per-capita gross domestic product (GDP), which is derived by dividing the GDP by the population.
By dividing a country's GDP by its population, the per capita GDP may be used to measure a nation's economic production per person.
Economists use it along with GDP to examine a country's prosperity based on its economic growth. It is a global indicator of a country's level of prosperity. It is frequently evaluated alongside GDP, enabling economists to compare the productivity of different nations. The analysis of the global per capita GDP offers information on the health and trends of the world economy. The greatest per capita GDPs are typically found in small, wealthy countries and more advanced industrialized nations.
A comparative understanding of economic prosperity and global economic advancements can be gained by analyzing GDP per capita on a global scale. The per capita calculation takes into account both GDP and population. Therefore, the highest GDP per capita may or may not be found in the highest GDP countries.
To lean more about GDP Per Capita from the given link.
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Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
