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3 years ago

[The following information applies to the questions displayed below.]

Business

1 answer:

ale4655 [162]3 years ago

6 0

Answer:

D. $370,000

Explanation:

INDIRECT OIL CO TRIAL BALANCE AS A JANUARY 3, 2018

DEBIT SIDE

Land $100,000

Equipment $80,000

(Cash 40,000+Receivable collected $25,000- Liability paid$20,000) $45,000

(Account Receivable $50,000 - Amount collected $25,000) $25,000

Buildings $120,000

TOTAL $370,000

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Sarah buys 500 shares of stock at $18 and sells the holding for a capital gain of $3,000. What was the share price at the time o

djverab [1.8K]

Answer:

$24

Explanation:

500 * 18 = $9000 worth of stock initially.

She sells with a $3000 gain, which means the value of the stock is $12000

12000/500 = $24

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3 years ago

Under SEC rules, the managers of certain funds are allowed to deduct charges for advertising, brokerage commissions, and other s

GarryVolchara [31]

Answer:

These kind of fees that are deducted for advertising and other sales expenses directly from the fund rather than billing investors is known as 12 B-1 charges.

Explanation:

This is a fee assessed from a mutual fund to it's investors. The managers instead of charging or billing the investors, deduct certain amount directly from the fund itself. This is a type of annual marketing and distribution fee considered as operational expense and is included in a fund's expense ratio.

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2 years ago

true or false: firms should obey all the laws, including but not limited to labor, consumer protection, and the environment.

lesya [120]

False. The actions of the company that are expected by society but are not specified by legislation are included in its ethical duties. The need that the company be environment friendly is one of the ethical responsibility criteria.

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1 year ago

World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company

slega [8]

Answer:

Following are the solution to this question:

Explanation:

Please find the complete question in the attachment file.

Applied to fixed overhead

Overhead fixed by DL hr. $=\frac{50000}{25000}\ \ \ \ \ \ \ \ \ \ \ =2$

DL hours standard $=35000 \times \frac{25000}{50000 \times 80\%} \ \ \ \ \ \ \ \ \ \ \ \ =21875$

Application of fixed overhead $= 21875 \times 2.0 \ \ \ \ \ \ \ \ \ \ = 43750$

Variance in volume

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Fixed total estimates Superfast $=\$50,000$

Variance of volume $= \$6,250$

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2 years ago

Tolino Company signed a 5-year note payable on January 1, 2019, of $200,000. The note requires annual principal payments each De

konstantin123 [22]

The following journal entry will be passed in the books of accounts and the interest expense is calculated to an amount of $9600

<u>Explanation:</u>

Given data:

amount of note: $200000, annual principal payments to be made each year at December 31st = $40000, interest amount to be charged = 6 percent, duration of note = 5 years

the following calculation is made in order to find out the amount of interest:

Amount of note minus principal payment multiply with rate of interest

now, putting the figures in formula:

interest = 200000 minus 40000 = $160000 multiply with .06 = $9600

Thus, the interest amount = $9600

The interest expense will be debited with an amount of $9600 in the books of accounts.

8 0

3 years ago