Ask question

Ask question

All categories

2 years ago

5

Two friends decide to rent an apartment and split the cost evenly. They each paid $575 towards the total move in cost of first a

nd last month's rent and a security deposit. If the apartment cost $325 per month to rent, how much was the security deposit

1 answer:

mel-nik [20]2 years ago

8 0

Answer:

$500

Explanation:

You might be interested in

We do not owe you anything at December 31, 2018, as the goods, represented by your invoice dated December 30, 2018, number 25050

dangina [55]

I don’t understand this please explain it differently please

5 0

2 years ago

If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d

Alecsey [184]

Answer:

The correct answer is B: the jobs produced during the period have been under-costed

Explanation:

Giving the following information:

If manufacturing overhead has been under-allocated during the period, then which of the following is true?

(a) the jobs produced during the period have been over-costed

(b) the jobs produced during the period have been under-costed

(c) the jobs produced during the period have been costed correctly

(d) none of the above

When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.

7 0

3 years ago

Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw mate

bagirrra123 [75]

Answer and Explanation:

The Journal entries are prepared below:-

a. Raw materials inventory Dr, $98,000

To Accounts payable $98,000

(Being raw material is purchased on the account is recorded)

b. Work in process inventory Dr, 41,500

To Raw materials inventory $41,500

(Being direct material used is recorded)

Factory overhead Dr, 18,800

To Raw materials inventory $18,800

(Being indirect material used is recorded)

c. Work in process inventory Dr, $45,000

Factory overhead Dr, $33,000

To Cash $78,000

(Being cash paid is recorded)

d. Factory overhead Dr, $8,125

To Cash $8,125

(Being cash paid is recorded)

e. Work in process inventory Dr, $56,250 (45,000 × 125% )

To Factory overhead $56,250

(Being overhead is recorded)

f. Finished goods inventory Dr, $63,000

To Work in process inventory $63,000

(Being transferred cost is recorded)

g, Cost of goods sold Dr, $63,000

To Finished goods inventory $63,000

(Being cost of goods sold is recorded)

Accounts receivable Dr, $90,000

To Sales $90,000

(Being sales value is recorded)

3 0

3 years ago

Calculate the present value of the following: a-1. Annual payment of $800 for 10 years at 5% interest. (Do not round intermediat

kipiarov [429]

Answer:

a-1 Present value = 6,177.39

a2- Present Value =6,227.79

a3- Choose the payment stream with the highest present value = a2

b1- Present Value=3,353.98

b2-Present Value=2,805.28

b3-Choose the payment stream with the highest present value = b1

Explanation:

a-1 describes an ordinary annuity whose present value is calculated as follows:

$Present value =PMT*\frac{[1-(1+i)^-^n]}{i}$

where PMT=$800; i= 5%, n= 10

$Present value =800*\frac{[1-(1+0.05)^-^1^0]}{0.05}$ = 6,177.39

a2- $Present value =600*\frac{[1-(1+0.05)^-^1^5]}{0.05}$ = 6,227.79

a3- If I were receiving these payments annually, I would prefer the payment stream with the highest present value ie a2 -Annual payment of $600 for 15 years at 5% interest.

b1- $Present value =800*\frac{[1-(1+0.20)^-^1^0]}{0.20}$ = 3,353.98

b2- $Present value =600*\frac{[1-(1+0.20)^-^1^5]}{0.20}$ =2,805.28

b3- f I were receiving these payments annually, I would prefer the payment stream with the highest present value ie b1- Annual payment of $800 for 10 years at 20% interest.

3 0

3 years ago

._ 13. In the sentence "Students must be responsible for their own conduct in college," the word conduct is

horsena [70]

B.) noun, a person's behavior in a particular situation

6 0

3 years ago