Answer:
Option (c) is correct.
Explanation:
Given that,
Labor costs = $175,000
Production order = $150,000
General factory use = $25,000
Factory overhead applied to production = $23,000
Therefore, the journal entry is as follows:
Work in process A/c Dr. $23,000
To Factory overhead $23,000
(To record the factory overhead applied to production)
Answer:
1. $2,400
2. Investment 2
Explanation:
For computing the expected return for the investment 2, we have to apply the formula which is shown below:
= Probability for Scenario 1 × return in Scenario 1 + Probability for Scenario 2 × return in Scenario 2 + Probability for Scenario 3 × return in Scenario 3
= 0.2 × $6,000 + 0.3 × $4,000 + 0.5 × 0
= $1,200 + $1,200
= $2,400
From the calculations we use the investment 2 as Paul is uncertain about the return for investment 1
Answer:
Times interest earned ratio = Net operating income/Interest expense
= $551,000/$512,000
= 1.08 times
Explanation:
Times interest earned is the ratio of net operating income to interest income. Net operating income = $551,000 and interest expense = $512,000. The division of net operating income by interest expense gives times interest earned ratio.
Answer:
In order to help preserve and protect our environment, builders should construct more "green" buildings.
Explanation:
The reason is that the greener planet is only possible if whatever we do doesn't harms our present and future environment and this is only possible if the operations of businesses and individuals are greener. So the main idea was that the businesses must move to greener planet which in other words was sustainability. Sustainability is meeting present generation needs without compromising future generation needs.
Answer:
assets to the commercial bank and liabilities to the Federal Reserve Bank holding them.
Explanation:
A commercial's bank's reserves are assets to the commercial bank and liabilities to the Federal Reserve Bank holding them.
Assets are all the resources owned by the commercial bank while liabilities are their debts or financial obligations to the Federal Reserve Bank.
The reserves of a commercial bank generally is comprised of deposits at the Federal Reserve Bank and vault cash.
Excess reserves determines the amount a commercial bank can lend out.
