Answer:
a. The journal entry for recording the purchase of the new carpet would be as follows:
April 30 Debit Credit
Carpet $18,000
Cash $18,000
b. The journal entry would be as follows:
December 31 Debit Credit
Depreciation expense - carpet $800
Accumulated depreciation- carpet $800
Explanation:
a. The journal entry for recording the purchase of the new carpet would be as follows:
April 30 Debit Credit
Carpet $18,000
Cash $18,000
b. According to the given data, the carpet is estimated to have a 15-year useful life and no residual value, therefore the December 31 adjusting entry for the partial-year depreciation expense for the carpet would be to debit Depreciation expense - carpet for $800 and to credit Accumulated depreciation- carpet for $800.
The journal entry would be as follows:
December 31 Debit Credit
Depreciation expense - carpet $800
Accumulated depreciation- carpet $800
Answer:
The appropriate stock price is $103.97
Explanation:
Given Dividends $1 075 000 Retained Earnings $3 225 000, Shares 715 000
PE ratio 17.3, SP ?
The PE ratio is a measure of stock price relative to earnings
PE = SP/EPS
So we need to calculate earnings per share in order to get stock price
EPS = Earnings /number of shares
Retained earnings = Net Income - dividends so to get net income we add dividends to retained earnings (Earnings and net income are the same thing)
=$4 300 000
EPS = 4300000/715000
=$6.01
plug in the values in PE ratio formula
17.3 = SP/ 6.01
SP = 17.3*6.01
SP = $103.97
Factors that would lead prisoners to attribute guard
brutality to the guard’s disposition or character rather than the situation are
the following;
<span>·
</span>Cruelty shown by the guard – this allows the
prisoners to engage violently towards them and lead them to act more brutally
towards them
<span>·
</span>Demanded characteristic that the guard should or
the role of their job – if the guards are not doing their job, the prisoners
are likely to look lowly at them and does not provide any respect to the guards
that could engage to brutality
Answer:
11.057 years
Explanation:
For computing the number of years we need to apply the NPER formula i.e to be represented in the attachment below:
Given that,
Present value = $1,000 × 8% ÷ 7.55% = $1,059.60
Assuming Future value = $1,000
Rate of interest = 7.2%
PMT = $1,000 × 8% = $80
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the number of years is 11.057 years
Answer:
$13.85
Explanation:
Calculation for what the contribution margin per unit sold is closest to:
Selling price $27.70 per unit,
Less Direct materials ($ 7.30)
Less Direct labor ($ 3.45)
Less Variable manufacturing overhead ($ 1.35 )
Less Sales commissions ($ 1.10)
Less Variable administrative expense ($ 0.65)
Contribution margin per unit sold $13.85
Therefore the contribution margin per unit sold is closest to: $13.85