Answer:
Fixed costs= $9,021.27
Explanation:
Giving the following information:
April 922 $ 17,912
May 983 $ 18,300
June 928 $ 17,965
July 912 $ 17,810
August 934 $ 17,994
September 919 $ 17,880
October 936 $ 18,032
November 876 $ 17,290
December 915 $ 17,838
<u>To calculate the variable and fixed component, we need to use the following formulas:</u>
<u />
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (18,300 - 17,290) / (983 - 876)
Variable cost per unit= $9.4392
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 18,300 - (9.4392*983)
Fixed costs= $9,021.27
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 17,290 - (9.4392*876)
Fixed costs= $9,021.27
Answer:
Adjusting entry
Date Account Title Debit Credit
Interest receivables $4,000
($600,000*8%*1/12)
Interest revenue $4,000
(To record accrued interest on note)
Answer:
D) $31.
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate = Estimated manufacturing overhead ÷ estimated direct labor hours
where,
Estimated manufacturing overhead is
= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment
= $37,600 + $22,000 + $5,600
= $65,200
And, the direct labor hours is 2,100
So, the predetermined overhead rate is
= $65,200 ÷ 2,100
= $31
Answer:
The selling price should be $66K.
Explanation:
Capital Budgeting defines the future value as present value times the interest rate over the years FV=(1+i)^n, the following table shows both future values for Neighbor’s house and mine to calculate the differences.
Future value (FV) = Present value (PV) + (1 + Interest rate)n, where n is raised to the power of the number of years.
FV = PV +p (1+r) -30
PV = 60000
= $60000 (1+0.075) - 30
= $60000 (0.11422)
= $6859.26 + $60000
= $66853.26
.
Given this estimate, my selling price will now be $66K, making a profit of $5K, this way the future seller can either choose to buy my home or any other in the neighborhood since the future value will be the same even though the interest rate is 0.5% higher.
True.
Cash flows from activities include both inflows and outflows of cash from the external funding of a business.
<h3>Cash Flow from Financing Activities: What is it? </h3>
- The net amount of financing a business generates during a specific time period is called cash flow from financing activities.
- The issuing and repayment of equities, the payment of dividends, the issuance and repayment of debt, and capital lease obligations are all examples of financial activity.
<h3>What Are the Different Types of Cash Flows? </h3>
- Money coming into a business is known as cash inflow, and it may come through sales, investments, or financing.
- The reverse of a cash outflow is a cash inflow, which is money entering a business.
<h3>What three different forms of cash flows are there?</h3>
To assess the liquidity and solvency of the company, organizations should monitor and analyze three different types of cash flow:
- cash flow from operating operations
- cash flow from investing activities
- cash flow from financing activities.
The cash flow statement of a corporation includes all three.
- Items like dividends and interest payments are excluded.
- stock, debt, or alternative sources of funding.
- Asset depreciation for capital goods
To learn more about financing activities visit:
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