Answer: The new divisor for the price-weighted index is 0.77982
Explanation:
Divisor = [(94 + 312/2 + 90) / [(94 + 312 + 90) / 3]
= 0.77982
Answer:
Under the installment sales method, the total contract price is $85,000
gain on the sale is $58,800 ( 85,000 + 15,000 - 40,000 - 1,200)
and the amount of gain reported in 2018 is $3,459.
Answer:
$154,000
Explanation:
Calculation to determine the total conversion cost
Using this formula
Total conversion cost=Direct labor cost incurred
+Applied factory overhead
Let plug in the formula
Total conversion cost =$109,800+$44,200
Total conversion cost=$154,000
Therefore Total conversion cost is $154,000
In the equation of exchange, m x v = p x q, the v represents velocity the average amount of money in circulation the average frequency with which a dollar is spent the average price level quantity purchased. Velocity is the rate that money is exchanged in a given economy, the money is usally measured in a ratio format. To find the velocity, use the ratio of the gross national product over the companies supply of money that they have.
abc should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.
<h3>Liability</h3>
The liability will appear in the balance sheet as:
Current liability (Payable)= $1 million
Long term liability=$5 million-$1 million
Long term liability=$4 million
Therefore abc should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.
Learn more about liability here:brainly.com/question/24534918
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