Answer:
B. debit Cost of Goods Sold $ 4,500 and credit Finished Goods Inventory $ 4,500
Explanation:
The cost of goods sold will be 4,500 cost of the job 750
We are going to debit the cost of good sold for the amount it cost to make job 750
and credit the finished goods inventory as the amount of goods available for sale decreases.
When we sale we deliver an asset of ours (finished goods) thus, we have to make it decrease.
Answer:
The appropriate response is "12.47%".
Explanation:
The given values are:
Borrowed amount,
= 152300
APR,
= 11.75%
i.e.,
= 0.1175
Now,
The effective annual rate will be:
= 
On substituting the given values, we get
= 
= 
= 
= 
Answer:
The correct answer is True
Explanation:
In calculating the equivalent units with respect to labor,the physical units at the start of the period is multiplied by the percentage of completion.
In other words, the equivalent units is shown thus:
Equivalent units =100000 units*20%
Equivalent units =20000 units
This implies that labor has carried out 20% of the work required to transform the 100000 units into finished products,since only 20% work is completed, the remaining 80% is expected in the next period.
The high and low levels of activity are 90,000 miles in April and 50,000 miles in February. The costs at these two levels are $195,000 and $120,000, re-spectively. The difference in costs is $75,000 ($195000-120000), and the difference in miles is 40,000 (90000-50000). Therefore, variable cost per unit is $1.875computed as follows.
75000÷40000=1.875
Determine the fixed costs by subtracting the total variable costs at either the high or the low activity level from the total cost at that activity level
Variable cost=1.875×50,000=93,750
fixed cost=120,000−93,750=26,250
Answer:
private saving = $2700
Explanation:
given data
GDP = $10,000
Consumption = $6,000
Government spending = $1,500
deficit = $200
solution
we know here equation of GDP that is express as
GDP = Consumption + investment + Government spending ...................1
we consider here tax revenue that is = T
T - Government spending = - deficit
T = Government spending - deficit
T = $1500 - $200
T = $1300
so we can say from equation 1
( GDP - Consumption - T ) + ( T - Government spending ) = investment
and investment = private saving + public saving
so private saving will be
private saving = GDP - Consumption - tax revenue ................2
private saving = $10000 - $6000 - $1300
private saving = $2700
