Answer:
$1,000,00
Explanation:
Amount paid to Construction company = $600,000
Additional expenditures in 2021 are Feb 28 = 90,000, Apr. 30 180,000, Jul. 1 = 36,000, Sept. 30 = 64,000. Avoidable interest Cost = 30,000
So, amount to be capitalized in Martin's Building account = $600,000 + $90,000 + $180,000 + $36,000 + $64,000 + $30,000 = $1,000,000
Answer:
The total cost of Job 903 is $5,073.20
Explanation:
The computation of the total cost is shown below:
= Direct material used + Direct labor cost + overhead cost (Predetermined manufacturing overhead rate per direct labor hour × Direct labor hours used in Job 903)
= $3,200 + $1,092 + ($18.60 × 42 labor hours)
= $3,200 + $1,092 + $781.20
= $5,073.20
Answer:
The Correct answer is $85 U.
Explanation:
Spending change is the contrast among the real and expected (planned) measure of a cost
Genuine Spending on cleaning equipment and supplies in April = $3,450
Planned Spending in cleaning equipment and supplies in April = $2600 + $51 × 15 boat = $ 3365
Difference among Budgeted and Actual is $ 85 for example abundance spending than planned subsequently this difference is Unfavorable for organization.
Answer:
The arbitrageur should borrow money at 4% per annum since it is cheaper than paying the forward price for delivery
Explanation:
Current price of gold=$1,400 per ounce
Forward price=$1,500
The arbitrageur can either pay the forward price or borrow $1400 and pay the interest of 4% in a year. Consider option 1 paying the forward price of 1500
Option 1
Since there are no additional costs, the total cost for buying the gold=forward price=$1,500
Option 2
If the arbitrageur borrows the 1400 to pay for the gold now, then pay the interest in 1 year;
The total cost=Amount borrowed+interest accrued in 1 year
Total cost=1400+(4%×1400)
1400+((4/100)×1400)
1400+56=$1456
Since there are no additional costs, option 2=$1456
If we compare option 1 to option 2, we notice that option 2 is slightly cheaper than option 1 by $44
(Option 1-Option 2)=(1500-1456)=$44
The arbitrageur should borrow money at 4% per annum since it is cheaper than paying the forward price for delivery
The difference between credit card and a debit card is that:
Debit cards are linked to your bank account, and money is withdrawn from the account as soon as the transaction occurs. While credit cards are not linked to your bank account, they are linked to the bank or institution that issued the card. Credit card are billed monthly.
Credit cards are considerably more popular with U.S. consumers because debit cards are linked to your bank account and if someone stole the card, all the money in your bank account will vanish. where credit cards are not linked to your bank account, it is charged monthly as much money as you want.
