Question :Which statement best describes displacement? Check all that apply

Assume that cash is paid for rent to cover the next year. The appropriate debit and credit are:

vitfil [10]

Answer:

The correct answer is letter "B": Debit Prepaid Rent, credit Cash.

Explanation:

Prepaid rent is the rent paid in advance. Usually, rent payments are made every month by the beginning of the month but other timeframes can also be agreed upon the lease. <em>Prepaid rent is debited to prepaid assets and credited to accounts payable. When the check for the payment is cut, accounts payable is debited and a cash account is credited.</em>

4 0

3 years ago

Primare Corporation has provided the following data concerning last month’s manufacturing operations. Purchases of raw materials

Helga [31]

Answer:

Primare Corporation

Cost of Goods Sold:

Raw materials:

Beginning Inventory $12,000

Purchase 30,000

Ending Inventory (18,000)

Cost of raw materials $24,000

Direct labor 58,000

Beginning Work in process 56,000

Ending Work in process (65,000)

Manufacturing overhead 87,000

Cost of goods produced $160,000

Beginning Finished goods 35,000

Ending Finished goods (42,000)

Underapplied overhead 4,000

Cost of goods sold $157,000

Explanation:

a) Data and Calculations:

Raw materials purchase $ 30,000

Direct labor $ 58,000

Manufacturing overhead $ 87,000

Underapplied overhead $ 4,000

Inventories Beginning Ending

Raw materials $ 12,000 $ 18,000

Work in process 56,000 65,000

Finished goods 35,000 42,000

b) The cost of goods sold is the addition of the cost of production with the beginning inventory of finished goods and the ending inventory of finished goods. The underapplied overhead is added to the cost of goods sold.

6 0

3 years ago

Number of WorkersUnits of Output 00 110 290 3126 4150 5165 6180Refer to above data. Diminishing marginal returns become evident

kakasveta [241]

Answer:

The answer is "The third worker".

Explanation:

Please find the correct question in the attachment file.

$\text{Number of Workers}$ $\ Units \ of \ Out-put$ $\text{marginal Product}\\\\$ $1\ \ \ \ \ \ \ \ \ \ \ \ \ \ 40\ \ \ \ \ \ \ \ \ \ \ \ \ \ 40 \\\\2 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 90 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 50\\\\ 3 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 126 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 36\\\\ 4 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 150\ \ \ \ \ \ \ \ \ \ \ \ \ \ 24\\\\ 5 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 165 \ \ \ \ \ \ \ \ \ \ \ \ \ \ 15\\\\ 6\ \ \ \ \ \ \ \ \ \ \ \ \ \ 180\ \ \ \ \ \ \ \ \ \ \ \ \ \ 15$

from 50 units down to 36 units.

3 0

3 years ago

Corporation ABC invested in a project that will generate $60,000 annual after-tax cash flow in years 0 and 1 and $40,000 annual

EleoNora [17]

Answer:

a. $204,940

b.$214,180

c. $224,480

Explanation:

a. Computation for the NPV of these cash flows assuming that ABC uses a 10 percent discount rate.

NPV= $60,000 + 0.909($60,000) + 0.826($40,000) + 0.751($40,000) + 0.683($40,000)

NPV=$60,000+$54,540+$33,040+$30,040+$27,320

NPV = $204,940

Therefore the NPV of these cash flows assuming that ABC uses a 10 percent discount rate is $204,940

b. Computation for the NPV of these cash flows assuming that ABC uses a 7 percent discount rate.

NPV=$60,000 + 0.935($60,000) + 0.873($40,000) + 0.816($40,000) + 0.763($40,000)

NPV=$60,000+$56,100+$34,920+$32,640+$30,520

NPV= $214,180

Therefore the NPV of these cash flows assuming that ABC uses a 7 percent discount rate is $214,180

c. Computation for the NPV of these cash flows

assuming that ABC uses a 4 percent discount rate.

NPV=$60,000 + 0.962($60,000) + 0.925($40,000) + 0.889($40,000) + 0.855($40,000)

NPV=$60,000+$57,720+$37,000+$35,560+$34,200

NPV= $224,480

Therefore the NPV of these cash flows

assuming that ABC uses a 4 percent discount rate is $224,480

8 0

3 years ago

On july 1, trudata company issues 10,000 shares of its common stock with a $5 par value and a $40 fair value in exchange for all

lesya [120]

Answer:

$15,000

Explanation:

Calculation for the amount that should be report as goodwill

Fair Market Value of common stock issued for acquisition $400,000

(10,000 shares×$40 fair value)

Less Fair Market Value of Net Assets of Web $385,000

(ASSETS: Cash and receivables $60,000+ Inventory $175,000 +Patented technology (net) $200,000+ Land $225,000+Buildings and equipment (net)$ 75,000 - LIABILITIES $350,000)

GOODWILL $15,000

($400,000-$385,000)

Therefore the amount that should be report as goodwill will be $15,000

6 0

4 years ago