Answer:
$ 870,000
Explanation:
Given data:
The funds raised by the cancer society = $ 900,000
The amount that has been collected back = $ 600,000
The amount that is uncollectible = 10% of the remaining amount
i.e 10% of ( $ 900,000 - $ 600,000 ) = $ 30,000
Therefore,
the net amount of revenue the society should recognize during the current year from this pledge drive is calculated as:
= The funds raised by the cancer society - The amount that is uncollectible
or
= $ 900,000 - $ 30,000
or
= $ 870,000
Answer:
overhead rate = 18 per hours
Explanation:
given data
indirect costs = $396,000
Department DLH Loans Processed Direct Costs
Consumer 14,000 700 $280,000
Commercial 8,000 300 $180000
to find out
overhead rate
solution
we get here overhead rate that is express as
overhead rate = 
...............1
put here value
overhead rate = 
overhead rate = 18 per hours
A. that the product will work as described for a reasonable amount of time
8.47 converted to a percent is 84.7% (as these have to be out of 100)
3/5 converted to a percent is 60%, as 5 is 1/20th on 100, therefore, multiply both sides by 100, thus, giving you 60%
Answer:
The basic earnings per share is $10.77
Explanation:
Basic earnings per share is the earnings specifically for common stockholders.
This is computed by dividing earnings after preferred dividends with weighted average number of common stock which is the same as the common stock outstanding of 67,000 shares.
Earnings after preferred dividends=$755,000-(6700*5%*$100)
=$755,000-$33,500
=$721,500
Basic earnings per share=$721,500/67000=$10.77
The correct option is first one of the multiple choices provided
