Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $2,480
To Interest receivable $60
To Interest revenue $20
To Note receivable $2,400
(Being the collection of funds is recorded)
The computation of interest receivable is shown below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $2,400 × 10% × (3 months ÷ 12 months)
= $60
And for interest revenue would be
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $2,400 × 10% × (1 months ÷ 12 months)
= $20
The quantity demanded changes slightly with the price.
This is a <u>demand curve</u>, not a supply curve, so we can immediately knock off the first two options that deal with production (supply).
Now with the last two answers we just have to decide if the change in demand is slight or great. Look at the two data points that have dotted lines leading to them.
p1= Price $50, demand 15
p2= Price $30, demand 20
The price dropped $20 but demand only rose by 5 units, so this is a pretty slight change. The up/down tilt of the curve will tell you if the change is big or small.
Answer:
1.267 = Overhead Rate
Explanation:
<em>As general approach,</em> the manufacturing rate, along with any rate is done by dividing the cost by a cost driver.
In this case teh cost is the manufacturing overhead and the cost driver the direct materials cost:
<em>Using Direct Materials cost, the rate would be:</em>