What does it mean when earned value is above planned value?

Management Services, Inc. provides services to clients. On May 1, a client prepaid Management Services $60,000 for 6-months serv

Sedbober [7]

Answer:

d. Credit to Unearned Management Fees for $60,000.

Explanation:

In the given question, it is mentioned that the management services provide service to clients, and one client gives the advance amount of $60,000 to the management service.

So, in case of advanced received by the customer, the journal entry would be

Cash A/c Dr $60,000

To Unearned Management Fees $60,000

(Being amount received in advance)

The asset account should be debited and the liabilities account should be credited.

4 0

2 years ago

Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 7.4% with semiannual payments of

frutty [35]

Answer:

Current yield is 6.17%

YTD is 5.43%

YTC is 4.26%

Explanation:

Tenor: 15 years

-> number of payment (NPer) is 30 (= 15 years * 2 for semiannual)

Coupon rate: 7.4%

- > semiannual payments (PMT): $37 = ($1000*7.4%/2)

Future value (FV): $1000

Present value (PV): $1200

Current yield = annual coupon/ current price = $37*2/$1200 = 6.17%

Extra: 

We use excel to calculate yield to date (YTD) or nominal yield:

= Rate(Nper, PMT, - PV,FV) = Rate(30,37,-1200,1000) = 2.717% semiannual

-> annual rate is 5.43%

The bond issue is callable in 5 years at a call price of $1,074, then FV is $1074

Yield to call = rate(10,37,-1200,1074) = 2.13% semiannual

-> annual rate is 4.26%

5 0

3 years ago

The company makes 340 units of product P23F a year, requiring a total of 710 machine-hours, 80 orders, and 40 inspection-hours p

kifflom [539]

Answer:

$ 5,401.60

Explanation:

Activity cost pool

Assembly: $ 698,720 (Total Cost) / $ 44,000 (Total activity machine-hours)

= $ 15.88 per machine-hour

Processing Orders: $ 90,763 (Total cost) / 1,900 orders = 47.77 per order

Inspection: $ 119,535 / 1,950 inspection-hours = $61.30 per inspection-hour

Overhead Costs:

Assembly: 15.88 per MH *710 MHs = 11,274.80

Processing Orders: $ 47.77 per order * 80 orders = $3,821.60

Inspection: $ 61.30 per IH * 40 IHs = 2,452.00

Sales: (340 * 121.90) = $ 41,446.00

Costs:

Direct materials (340 * 40.05) = $ 13,617.00

Direct labor (340 * $ 14.35) = $ 4,879.00

Assembly $ 11,274.80

Processing $ 3,821,60

Inspection $ 2,452.00

Total of costs: $ 36,044.40

Product Margin: (Costs - Sales) $ 5,401.60

4 0

3 years ago

Poornima is a 31-year-old professional basketball player. She finished her last season as a player 3 weeks ago and is currently

Rudiy27

Answer:

Options Include:

Is he/she employed,

unemployed is Correct

"not in the labor force", or

"not in the adult population"

Explanation:

Poornima is unemployed, since she has stopped working as a basketball player and seeking a job as a coach.

The Bureau of Labor Statistics describes unemployment as individuals who don't have an employment, have actively sought work in the last four weeks, and are actually available for work.

7 0

3 years ago

If the price of a $10,000 par Treasury bond is $10,275.00, the quote would be listed in the newspaper as ________.

scoray [572]

Answer:

Hence, the quote that should be listed in the newspaper is 102.024

Explanation:

The computation of the quote that should be listed in the newspaper is shown below:

Quote would be listed is

= $10,275 ÷ $10,000 × 100

= 102.75

= 102 : 0.75 × 32

= 102.024

Hence, the quote that should be listed in the newspaper is 102.024

hence, the same is to be considered by taking all the information given in the question

7 0

2 years ago