Answer:
Direct Materials = 49,000 units
Conversion Costs = 45,280 units
Explanation:
<em>Hi, your question is incomplete. I have uploaded the full question as image below.</em>
Equivalent units are physical units of outputs expressed as percentage in terms of work done on them.
Equivalent units calculation :
Direct Materials = 42,800 x 100 + 6,200 x 100 % = 49,000 units
Conversion Costs = 42,800 x 100 + 6,200 x 40 % = 45,280 units
Answer:
The answer is: C) There is a valid contract
Explanation:
According to Appellate Court ruling in Steinberg v. Chicago Medical School;
The two parties (Joe and Sate University) entered a valid contract agreement upon receiving the $100 dollar application fee from Joe. State University´s catalog is considered to be the Offer part of this contract and the $100 application fee is considered the Consideration part of the contract.
Answer:
bonds carrying value = $307,000 - $10,000 = $297,000
the journal entry to record the bond redemption:
April 30, 2017, redemption of bonds
Dr Bonds payable 307,000
Dr Loss on redemption of bonds 25,350
Cr Cash 322,350
Cr Discount on bonds payable 10,000
the journal entry to record the issuance of bonds:
March 31, bonds were issued
Dr Cash 313,140
Cr bonds payable 307,000
Cr Premium on bonds payable 6,140
