Why do you think Bill Bowerman liked that Tinker shared his thoughts about the test shoes

In the Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2017 were

Volgvan

Answer:

Please see attachment .

Explanation:

Please see attachment .

7 0

3 years ago

RecRoom Equipment Company received an $8,000, six-month, 6 percent note to settle an $8,000 unpaid balance owed by a customer.

daser333 [38]

Answer:

Explanation:

The journal entries are shown below:

a. Notes receivable A/c Dr $8,000

To Accounts receivable $8,000

(Being receipt of note is recorded)

b. Interest receivable A/c Dr $80

To Interest revenue A/c $80

(Being accrued interest is recorded)

The computation of accrued interest is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)

= $8,000 × 6% × (2 months ÷ 12 months)

= $80

The 2 months is calculated from November 30 to December 31

c. Cash A/c Dr $240

To Interest receivable $80

To Interest revenue $160

(Being cash received in respect of interest accrual is recorded)

The computation of accrued interest is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)

= $8,000 × 6% × (4 months ÷ 12 months)

= $160

The 4 months is calculated from November 30 to April 30

d. Cash A/c Dr $10,200

To Notes receivable A/c $10,200

(Being the receipt of the payment is recorded)

5 0

4 years ago

A prosperous economy tends to struggle with high rates of crime, substance abuse, insecure employment, and family dissolution. S

GaryK [48]

Answer:

TRUE

Explanation:

Remember that a prosperous economy does not imply the most happy country or economy.

Therefore high rates of crime, substance abuse, insecure employment, and family dissolution may exist, but <em>the scale in which this occurs</em> may be relatively lower when compared to a poor economy.

For example, the scale of such vices in United States is lower than in Mexico a poorer economy.

8 0

4 years ago

Elfalan Corporation produces a single product. The cost of producing and selling a single unit of this product at the company's

katrin2010 [14]

Answer:

$50,820

Explanation:

Current Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expense

= $43.10 + $8.20 + $1.20 + $2.00 = $54.50 per unit

Variable cost per unit for special order = $54.50 - $1.30 = $53.20 per unit

Selling price per unit for special order = $77.40 per unit

Contribution margin per unit for special order = $77.40 - $53.20 = $24.20 per unit

Number of units for Special order = 2,100 units

Monthly financial advantage for special order = $24.20 * 2,100 units = $50,820

Hope this helps!

7 0

4 years ago

You can buy property today for $3 million and sell it in 5 years for $4 million. (You earn no rental income on the property.) (L

kolbaska11 [484]

Answer:

a) Present Value of sales = $2,722,332.78

b) Property is not attractive. NPV$ (277,667.21)

c) Property is attractive. NPV-$520,874.79

Explanation:

The present value of the property

PV = S× (1+r)^(-n)

S- Sales value

r- interest rate -8%

n- number of years

PV - present value

PV = 4,000,000× 1.08^(-5) = $2,722,332.78

b. Is the property investment attractive to you?

We calculated the PV of the investment as follows

NPV = PV of sales value - initial cost

= 2,722,332.78 - 3,000,000=$ (277,667.21)

The property investment is not attractive because it will produce a loss in capital i.e negative NPV

C

To determine we will calculate the NPV again with considering the additional rental income

PV of annual rent = 200,000 × (1-1.08^(-5))/0.08= 798,542.00

NPV = 798,542.00 + 277,667.2119 - 3,000,000 =520,874.79

The property is attractive as it produces positive NPV

8 0

4 years ago