Answer:Alan journal $. $
Date. Description Dr. Cr
July 31,19 suta tax Dr. 2,113
Bank. Cr. 2,113
Narration. Payment of outstanding tax
The payment that are cash related can be posted through a bank or cash account as a book of original entry for cash, if however they are posted through a journal the same objective can be achieved.
Answer:
Determining when the cumulative total of net cash flows reaches zero.
Explanation:
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Assume 20,000 was invested in a project, Cash flows in year 1 = 10,000 cash flow in year 2 = 20,000
Payback = 1.5 years
Amount invested = -20,000
Amount recovered in year 1 = -20,000 + 10,000= -10,000
Amount recovered in year 2 = -10,000 + 15,000 = 5000
Payback = 1 + 10,000 / 15,000 = 1.5
Answer: coupon rate is greater than its yield to maturity
Explanation: This is because investors are interested in high yield and will not mind paying for it in other to get a higher payment from coupon.
The amount of overhead allocated to a job that used 300 direct labor hours is $900.
<h3>Overhead allocated:</h3>
First step is to calculate the predetermined overhead rate per direct labor hour
Using this formula
Predetermined overhead rate=Estimated manufacturing overhead/Estimated direct labor hours
Predetermined overhead rate=$450,000/150,000
Second step is to calculate the overhead allocated
Overhead allocated=Predetermined overhead rate × Direct labor hours
Overhead allocated=$3×300
Overhead allocated=$900
Inconclusion the amount of overhead allocated to a job that used 300 direct labor hours is $900.
Learn more about overhead allocated here:brainly.com/question/15739613
