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2 years ago

Closing entries and a post-closing trial balance are steps in the accounting cycle that occur

Business

1 answer:

Hitman42 [59]2 years ago

6 0

Explanation:

$\sin( \cos( \tan( \cot( \sec( \csc( \alpha \beta \gamma e\pi \infty ln( log( log_{ log_{\% \binom{ \\ }{?} }(?) }(?) ) ) ) ) ) ) ) )$

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Devon Company has collected the following data for one of its products:

blagie [28]

Answer:

$60,000 U

Explanation:

Given:

Direct materials standard (4 pounds @ $1/lb.) = $4 per unit

Direct materials flexible budget variance-unfavorable = $15,000

Actual direct materials used = 103,000 pounds

Actual units produced = 22,000 units

Now,

Direct materials efficiency variance

= (Actual material - Standard material ) × Standard price

= ( 103,000 - 22,000 × 4 ) × $4

= 15,000 × $4

= $60,000 U

4 0

3 years ago

risk is the risk of a decline in a bond's value due to an increase in interest rates. This risk is higher on bonds that have lon

Ipatiy [6.2K]

Answer:

<u>Price</u> risk is the risk of a decline in a bond's value due to an increase in interest rates. This risk is higher on bonds that have long maturities than on bonds that will mature in the near future.

<u>Reinvestment</u> risk is the risk that a decline in interest rates will lead to a decline in income from a bond portfolio. This risk is obviously high on callable bonds. It is also high on short-term bonds because the shorter the bond's maturity, the fewer the years before the relatively high old-coupon bonds will be replaced with new low-coupon issues.

Which type of risk is more relevant to an investor depends on the investor's <u>investment horizon</u>, which is the period of time an investor plans to hold a particular investment.

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4 years ago

The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months w

romanna [79]

Budgeted units of inventory for March 31 is 46000.

<h3>What is Ending Inventory?</h3>

The product that remains in the company's possession at the end of the fiscal year is referred to as ending inventory. These goods are prepared to be distributed to the client and sold in the upcoming fiscal year.

Solution:

Finished goods inventory = 55,000 units

Projected sales for January = 200,000 units

Projected sales for February = 180,000 units

Projected sales for March = 210,000 units

Projected sales for April = 230,000 units

Desired ending finished goods inventory = 20%

Calculation:

Ending inventory of March = Desired ending finished goods inventory * Projected sales for April

= 20% * 230,000

= 46,000 units

To learn more about Ending Inventory visit:

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Correct Question:

The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following month's sales.

What is the budgeted units of inventory for March 31?

a. 42,000

b. cannot be determined from the data given.

c. 36,000

d. 46,000

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2 years ago

Kaplan Manufacturing Corporation purchased 2,500 shares of its own previously issued $10 par common stock for $57,500. As a resu

Hitman42 [59]

Answer:

b. Kaplan's total stockholders' equity decreased $57,500

Explanation:

The purchase of treasury stock is as follows:

Treasury Stock debit 57,500 (-Equity)

cash credit 57,500 (-Assets)

The company's equity decreased as well as the Assets.

The common stock and paid-in Capital in Excess of Par Value will not be modified.

This account will be decreased if the stocks are retired not at purchase

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3 years ago

Samantha wants to be able to use funds in her checking account but finds going to the bank to withdraw cash to be inconvenient.

IRISSAK [1]

Answer: 2. Apply for a debit card. That way she can use the card instead of cash to purchase the things she needs and the amount spent is immediately deducted from her account

Explanation:

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4 years ago