Answer:
$201.32
Explanation:
100
+2x20=40
+6×10= 60
+4×.25= 1
+ 5x.05= .25
+ .07
100+40+60+1+.25+.07= 201.32
Answer:
B. $2,000
Explanation:
Given;
Total cost of ending inventory = $9,000
Total number of units = 600
Over heads cost = $3,000 and the overhead rate is 75% of direct labor
Let direct labour cost be y
75% × y = 3000
3y/4 = 3000
y = 4 × 3000/3
y = $4,000
Total Inventory cost = direct material cost + direct labour cost + overheads
9000 = direct material cost + 4000 + 3000
direct material cost = 9000 - 7000
= $2,000
Answer:
$111,900
Explanation:
The computation of the Insurance expense for 2018 would be
= Opening Balance in prepaid insurance for the year 2018 + insurance paid - ending balance in prepaid insurance account
= $61,400 + $99,000 - $48,500
= $111,900
To find out the insurance expense basically we added the insurance paid and deduct the ending balance of prepaid insurance to the opening balance of prepaid insurance
If the cpi is 200 in year 1980 and 300 today, then $600 in 1980 is equivalent to $900 today.
Answer:
See below
Explanation:
The donation will increase the assets and the owners' equity. Land and building are assets. An increase in assets is debited.
Donations received are equivalent to 'income' to the business. They add to equity. An increase in equity/capital accounts is credited.
The journal entry will be
Land A/c DR. $39,000
Building A/c DR.$395,000
Donations received A/c CR.$434,000
