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2 years ago

How many district courts are in the federal system?.

2 answers:

8 0

Answer 94 districts.

In the federal court system's present form, 94 district level trial courts and 13 courts of appeals sit below the Supreme Court.

notka56 [123]2 years ago

7 0

Answer:94 district

Explanation:In the federal court system's present form, 94 district level trial courts and 13 courts of appeals sit below the Supreme Court.

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Assume that we use a perpetual inventory system and that five identical units are purchased at the following dates and costs: Ap

quester [9]

Answer:

Cost of goods sold on April 25 is $13.80 and the inventory balance is $55.20

Explanation:

Data given:total unit

Cost of purchase with data;

Date Amount

April 5 $10

April 10 $12

April 15 $14

April 20 $16

April 22 $17

Total cost 69

Average cost = total cost /total quantity

= 69/5

=13.8

The cost of the ending inventory is given on the balance sheet below

Date Purchases Cost of Inventory Bal. Avg Cost

goods sold

April 5 $10* 1 unit= $10 - $10 10/1 = $10

April 10 $12* 1 unit=$12 - 10+ 12 = 22 22/2 = 11

April 15 $14* 1 unit=$14 - 22+14 =36 36/3 = 12

April 20 $16* 1 unit= $16 - 36 +16 =52 52/4 = 13

April 22 $17* 1 unit = $17 - 52+17 =69 69/5 = 13.8

April 25 - 1 unit*13.8 = 13.80 69 - 13.8 = 55.20

5 0

3 years ago

The following section is taken from Blossom's balance sheet at December 31, 2021. Current liabilities Interest payable $ 40,500

aev [14]

Answer:

(a) Journalize the payment of the bond interest on January 1, 2022.

Dr Interest payable - bonds payable 40,400

Cr Cash 40,400

The interest expense on the bonds payable should have been accrued on the 2021 balance sheet, that is why we debit interest payable and not interest expense.

(b) Assume that on January 1, 2022, after paying interest, Blossom calls bonds having a face value of $100,000. The call price is 103. Record the redemption of the bonds.

Dr Bonds payable 100,000

Dr Call premium 3,000

Cr Cash 103,000

interest expense = $405,000 x 8% = $32,400

Dr Interest expense - bonds payable 32,400

Cr Interest payable - bonds payable 32,400

3 0

3 years ago

What is capacity budgeting

irga5000 [103]

Answer:a company's ability to utilize money and workforce when producing goods or offering a service.

Explanation:

5 0

3 years ago

On January 1, 20X7, Server Company purchased a machine with an expected economic life of five years. On January 1, 20X9, Server

djverab [1.8K]

Based on the information given for Server Company, the machine will be valued a<u>t $42,000 </u>and the machinery account will be credited.

<h3>What would be the value of the machine?</h3>

The machine was sold on January 1, 20X9 and at that point, the accumulated depreciation was $28,000.

The value of the machine was therefore:

= Cost of machine - Accumulated depreciation

= 70,000 - 28,000

= $42,000

Find out more on accumulated depreciation at brainly.com/question/1287985.

#SPJ1

4 0

1 year ago

Ivanhoe Windows manufactures and sells custom storm windows for three-season porches. Ivanhoe also provides installation service

Anna71 [15]

Answer:

Ivanhoe Windows

a. Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,920

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Credit Installation Revenue $450

To record the completion of installation service.

b. Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,896

Credit Unearned Revenue $24

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Debit Unearned Revenue $24

Credit Installation Revenue $474

To record the completion of installation service.

c. If Geraths is unable to develop a reliable estimate for the fair value of the installation:

Journal Entries:

September 1, 2020:

Debit Cash $1,920

Credit Sales Revenue $1,920

To record the sale of windows to Geraths.

Debit Cost of goods sold $1,120

Credit Inventory $1,120

To record the cost of goods sold.

October 15, 2020:

Debit Cash $450

Credit Sales Revenue $450

To record the completion of installation.

Explanation:

a) Data and Calculations:

July 1, 2020, Contract Price = $2,370

Standalone selling price of window = $1,920

Cost of the window = $1,120

Standalone selling price of installation service = $590

Attributed selling price of installation service = $450 ($590 = $140)

b) Estimated standalone value of the installation = estimated cost + 20% on cost

= $400 + 20% = $480 ($400 * 1.2)

Separate performance values:

Sale of window = $1,920 = $1,896 ($1,920/$2,400 * $2,370)

Installation = 480 = 474 ($480/$2,400 * $2,370)

Total = $2,400 = $2,370

c. If Ivanhoe Windows is unable to develop a reliable estimate for the fair value of the installation, both payments received will be attributed to the Sales Revenue without identifying separate performance values.

6 0

2 years ago