IRAC stands for Issue, Rule, Application, Conclusion
I'll just put out issues.
James Jones - corruption, extortion, and blackmail
Tom Cruise - health violations, bribery
Both conducted under the table negotiations.
Answer: $55,000
Explanation:
Material costs are $10 per unit and have been completed in regards to the 2,500 units.
Material cost = 10 * 2,500
= $25,000
Conversion costs are $30 per unit and have only been 40% completed.
= (40% * 2,500) * 30
= 1,000 * 30
= $30,000
Ending Work in Progress Inventory Cost = Material Cost + Conversion Cost
= 25,000 + 30,000
= $55,000
Answer:
d. decrease in quantity demanded of unleaded gasoline.
Explanation:
Since the shipping cost of a gallon of gasoline is increased from $0.50 per gallon to $0.75 per gallon that reflect the increase in price
As the price is increased, the quantity demanded of unleaded gasoline is decreases as the shipping cost increases which affect the other factors
So, at one time the price increases with the decreases in the quantity demanded
Answer:
a.
Date Account Title Debit Credit
Nov. 14 Note Receivable $4,800
Accounts Receivable $4,800
b.
Date Account Title Debit Credit
Dec, 14 Interest Receivable $56.40
Interest revenue $56.40
<u>Working </u>
= 4,800 * 9% * 47 days / 360
= $56.40
47 days is number of days from Nov. 14 to December 31.
c.
Date Account Title Debit Credit
Feb. 12 Cash $4,908
Interest receivable $56.40
Interest revenue $51.60
Notes Receivable $4,800
<u>Working:</u>
Cash = 4,800 + (4,800 * 90/360 * 9%)
= $4,908
Interest revenue = Cash - Interest receivable - Notes receivable
= 4,908 - 56.40 - 4,800
= $51.60
Answer:
The cash balance per books at April 31, 2013 is $28,200.
Explanation:
It is required to compute the Balance per bank on 30, April:
Balance per bank on 30 April = Balance per bank statement + Deposits - Disbursement
= $37,200 + $46,700 - $49,700
= $83,900 - $49,700
= $34,200
The Cash balance per books on April 30, 2013 is computed as:
Cash balance per books on April 30, 2013 = Balance per bank on 30 April - Cleared the outstanding checks
= $34,200 - $6,000
= $28,200.
