Answer: 3.73%
Explanation:
We are given an EAR so first we'd have to convert it to an APR.
We do so by the following formula,
APR = [(Ear + 1)^(1/n) - 1 ] x n
APR = ((3.87% + 1) ^ (1/365/98) - 1) x 365/98
APR = ((1.0387) ^ (98/365) - 1) x 365/98
APR = 3.816%
Now that we have the APR, we get the percentage discount yields by,
= ( [360(.03816)] / [365 + (98)(.03816))
= 3.73%
The percentage discount yields on this investment is 3.73%
Answer:
Explanation:
a. The computation of the economic order quantity is shown below:
=
where,
Carrying cost = $20 × 15% = 3
And, the annual demand = 450 bicycles × 12 months × 2 tyres = 10,800
And, the ordering cost is $50
Now put these values to the above formula
So, the value would equal to
=
= 600 tires
b. The number of orders would be equal to
= Annual demand ÷ economic order quantity
= $10,800 ÷ 600 tires
= 18 orders
c. The average annual ordering cost would equal to
= Number of orders × ordering cost
= 18 orders × $50
= $900
Answer:
Dr Bad debt expenses $4,149
Cr Allowance for uncollectible accounts $4,149
Explanation:
Dr Bad debt expenses $4,149
Cr Allowance for uncollectible accounts $4,149
13%×$26,300= $3,419
$3,419 +$730=$4,149
Answer:
B. Debit Factory Overhead $5,600; credit Cost of Goods Sold $5,600.
Explanation:
The journal entry to record the disposal of remaining factory overhead balance is shown below:
Factory overhead Dr $5,600
To Cost of goods sold $5,600
(Being the disposal of remaining factory overhead is recorded)
For disposal of remaining factory overhead, we debited the factory overhead account and credited the cost of goods sold so that the proper posting could be done