Answer:
Joint costs allocated to Product Y = $60,000
Explanation:
Given:
Particular Product Units Produced Sales
X 5,000 $70,000
Y 3,000 $30,000
<u>Z 2,000 $100,000</u>
<u>Total 10,000 </u>
Joint costs allocated to Product Y = (Total Joint costs × Y's total unit) / Total units produced
Joint costs allocated to Product Y = ($300,000 × 3,000) / 10,000
Joint costs allocated to Product Y = $90,000
Answer:
Please find the complete question in the attached file.
Explanation:
Use PMT for the interest amount computation
At first, the bulk of an initial premium is paid at the rate of interest, and that only the remainder of the small part is used for amortization. The very first three years schedule is shown below:
By the 49th payment, upwards of half of the initial amount borrowed would be the total principal paid. Using the formula CUMPRINC in excel, the entire principal payment is calculated twice.
Total Interest Expense 
Answer:
Most companies have the resident expertise to complete an initial public offering (IPO) or first public equity issue.
Explanation:
When businesses need funding of their operations and growth they often exchange equity for funding from the public. For example when the retained earnings of a firm is not sufficient for its growth plans it can look to public funding through sale of shares.
An initial public offering (IPO) is done when a company gives out part of its ownership (equity) to the public in order to get funding.
Since IPOs occur only once in the lifetime of a company, most companies do not have a resident expert to complete an initial public offering (IPO) or first public equity issue.
Rather they employ a stock broker to arrange the IPO for the company.
Answer: Social responsibility
Explanation:
According to the given question, the social responsibility is practicing by an organization when the management of the firm considering all the economical or the social issue in the decision making process.
- In an organization, the social responsibility is helps in maximizing the shareholder value.
- It also providing the various types of benefits in an organization and it is known as the CSR (Corporate social responsibility).
- It also contribute in the welfare of the environment and the society.
Therefore, Social responsibility is the correct answer.
Answer:
Explanation:
First of all, to make it easy, "Debit" will be written as "Dr" and "Credit" as "Cr"
General journal
April 2
Dr Cash $27 070
Dr Equipment $12 900
Cr Owner's Capital $39 970
April 2 No transaction has occurred
April 3
Dr Supplies $833
Cr Accounts Payable $833
April 7
Dr Rent Expense $546
Cr Cash $546
April 11
Dr Accounts Receivable $1160
Cr Revenue $1160
April 12
Dr Cash $2,589
Cr Unearned Revenue $2,589
April 17
Dr Cash $2,201
Cr Revenue $2,201
April 21
Dr Insurance Expense $100.30
Cr Cash $100.30
April 30
Dr Salaries Expense $1,020
Cr Cash $1,020
April 30
Dr Supplies Expense $122
Cr Supplies $122
April 30
Dr Equipment $5,266
Cr Capital $5,266
