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Answer:
Explanation:
assets:Cash95,000Accounts receivable47,000Due from general fund40,000Materials and supplies18,000Total current assets200,000Noncurrent assets:Capital assets700,000Total noncurrent assets700,000Total assets900,000LiabilitiesCurrent liabilities:Accounts payable115,000Accrued interest payable4,000Total current liabilities119,000Noncurrent liabilities:Revenue bonds payable625,000Total noncurrent liabilities625,000Total liabilities744,000Net PositionNet investment in capital assets30,000Unrestricted69,000Total net position99,000
Answer:
For 2021, should recognize compensation expense under the fair value method of $170,500
Explanation:
According to the given data we have the following:
option pricing model determines total compensation expense to be $341,000
Also, The option became exercisable on December 31, 2021, after the employee completed two years of service.
Therefore, in order to calculate the amount should recognize compensation expense we would have to make the following calculation:
amount should recognize compensation expense=$341,000/2
amount should recognize compensation expense=$170,500
For 2021, should recognize compensation expense under the fair value method of $170,500
Answer:
14,275= actual hours
Explanation:
Giving the following information:
The standard for a particular crane calls for 14 direct labor-hours at $16 per direct labor-hour.
During a recent period, 1,000 cranes were made.
The labor efficiency variance was $4,400 Unfavorable.
To determine the actual hours worked, we need to use the direct labor efficiency variance formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
-4,400= (14*1,000 - actual hours)*16
-4,400= 224,000 - 16actual hours
228,400/16= actual hours
14,275= actual hours
Answer:
$10,000
Explanation:
In the given scenario a honest dispute develops between a homeowner and an electrician over whether wiring and circuit breakers installed by the electrician satisfied contractual specifications.
There are two contractual agreements. One for $10,000 for the original wiring, and the second for $8,000 for a different brand of wires.
The electrician will only be able to claim either the $10,000 or the $8,000.
When the homeowner claimed he was not satisfied with the original installation the electrician should have verified the job and and claimed damages of $10,000.
On the other hand he accepted the blame and agreed to the second contract of $8,000.
So he can either stake a damage claim on the original one alone or the second contract alone.
The maximum he can claim is $10,000
