Answer:
Consumption ratios for the four drivers in relation to both the cards will be consumption for a particular card/total consumption for both the cards which will be as follows :-
Total consumption for Inspection = 140 + 60
= 200
Total consumption for Setup = 60 + 20
= 80
Total consumption for Machine = 180 + 650
= 830
Total consumption for Number of moves = 230 + 60
= 290
Hence,
Consumption ratios for Inspection hours:
Scented Cards =
= 0.7
Regular Cards =
= 0.3
Consumption ratios for Setup hours:
Scented Cards =
= 0.75
Regular Cards =
= 0.25
Consumption ratios for Machine hours:
Scented Cards =
= 0.22
Regular Cards =
= 0.78
Consumption ratios for Number of moves:
Scented Cards =
= 0.79
Regular Cards =
= 0.21
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Answer:
Dr Sale returns and allowance 500
Cr Account receivable 500
Dr Merchandise inventory 350
Cr Cost of goods sold 350
Explanation:
Since we were told that On October 4, Carr made a return of some of the merchandise in which the merchandize selling price was the amount of $500 while the cost of the merchandise returned was the amount of $350. This means that the Journal entry or entries in which Mutch must make on October 4 will be :
Dr Sale returns and allowance 500
Cr Account receivable 500
Dr Merchandise inventory 350
Cr Cost of goods sold 350
Answer:
YTM is 6.90%
Explanation:
The yield to maturity on the bond can be computed using the rate formula in excel.
=rate(nper,pmt,-pv,fv)
nper is the time to maturity of 20 years multiplied by 2 since the bond is paying interest on semi-annual basis
pmt is the semi-annual interest receivable by investor which 6.8%/2*$1000=$34
pv is the current market price of $989.45
fv is the face value of $1000
=rate(40,34,-989.45,1000)
rate=3.45%
The 3,45% is the semi-annual YTM, whereas the annual YTM 3.45%
*2=6.90%