Answer:
$90
Explanation:
Calculation for what the billable or charge back hour to this department would be
First step is to multiply overhead percentage by the employee earning per hour
125%×$40/hour
=$50
Now let calculate for the billable or charge back hour to the department
Billable or charge back hour=$50+$40/hour
Billable or charge back hour=$90
Therefore A billable or charge back hour to this department would be: $90
Answer:A$460 loss
Explanation:
The value of the $ compare to LCU has fallen by $0.02 ( 1.08 to $1.10)
multiply by LCU $23000
Answer: please refer to the explanation section for journals and notes
Explanation:
1 April
DR Inventory 23000
CR Trade Payable 23000
inventory is purchased on Free on Board Shipping terms, risks and Ownership of inventory transfers to Kerber Co the moment Wilkes company ships the inventory. inventory must be recognised
6 April
DR Freight costs 900
CR Bank 900
DR Inventory 900
CR Freight costs 900
Kerber Co Paid Freight costs of $900. There are two events happening in this transaction being the payment of freight costs and the capitalisation of freight costs. Freight costs are capitalised (included in the value of inventory) as they are costs necessary to get the inventory in to the premises of the customer (Kerber Co).
7 April
DR Equipment 26000
CR Creditor/Liability 26000
Kerber Co purchase inventory on credit. equipment is debited because Equipment is an asset and liability is credited.
8 April
DR Trade Payable 3000
CR inventory 3000
Damaged inventory returned will decrease inventory balance and also decrease the amount owed to the creditor (Wilkes Company)
. Trade Payable account is Debited and inventory account is credited to record the decrease in inventory and amount payable
15 April
DR Trade Payable 20000
CR Bank 20000
23000 - 3000 = 20 000
recording payment made to the Creditor for inventory purchased or settlement of the trade payable account
Answer:
BUDGET
Explanation:
Since Bobby wants to set aside money for each of the advertising media based on its relative potential, the component of the advertising plan that would help Bobby allocate money to the different media according to the finances available is budget.
The budget component of the advertising plan is where all costs related to the advertising activity are laid out, stating when they are due and how they will be met
Answer:
=$1,353, 524
Explanation:
NOI stands for net operating income
In this case, NOI will be calculated as follows
Rent per suit = $14,800
Number of suits 9
The monthly rent will be
=$14,800 x 9
=$133,200
Annual rent will be monthly rent x 12
= $133,200 x 12
=$1,598,400
Considering a 14 % vacancy rate, expected annual rent collection
=$1, 598,400 minus 14% of $1, 598,400 or 86% of $1, 598,400
= 86/100 x $1, 598,400
=$1,374,624
Adjusting for annual expenses
= $1,374,624 - $21,100
=$1,353, 524
