Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $3,700
To Treasury Stock A/c $3,500
To Additional Paid in Capital A/c $200
(Being the reissued shares are recorded)
The computation is shown below:
For cash account:
= 100 shares × $37 per share
= $3,700
For Treasury Stock Account
= 100 shares × $35 per share
= $3,500
And, for Additional Paid in Capital Account
= $3,700 - $3,500
= $200
For reissued shares, we debited the cash account and credited the treasury stock and Additional Paid-in Capital account
Answer:
Rent roll ( F )
Explanation:
In most case none of the options mentioned above is included in a property management report prepared for the owner of a property by the property management company unless the property is been managed by a private landlord directly.
A rent roll is sometimes been provided in the property management report because it provides vital information to the property owner should in case he wants to sell off his property. otherwise all reports are mostly handled by the management company.
Answer:
$25 billion and $15 billion
Explanation:
Given:
Social Security Administration = $10 billion
General public held = $15 billion
Computation of Total gross public debt :
Total gross public debt = Social Security Administration + General public held
Total gross public debt = $10 billion + $15 billion
Total gross public debt = $25 billion
Total gross debt held by public = $15 billion
Answer:
4
Explanation:
The calculation of the process capability index is given below
Data provided in the question according to the question is as follows
USL = 27
LSL = 21
Now we take the average
X = (21 +27) ÷ 2
= 24
The standard deviation is 0.25
= min(USL - mean ÷ 3 × standard deviation , mean - LSL ÷ 3 × standard deviation)
After solving this the process capability index is 4
Answer:
Value of the ending inventory=$600,000
Option A is correct ($600,000)
Explanation:
Given Data:
Ending inventory=6,000 units
Direct labor per unit =$40
Direct materials per unit=$20
Variable overhead per unit =$10
Fixed overhead per unit=$30
Required:
Value of the ending inventory=?
Solution:
Value of the ending inventory=(Direct labor per unit+Direct materials per unit+Variable overhead per unit + Fixed overhead per unit)*Ending inventory
Value of the ending inventory=($40+$20+$10+$30)*6000
Value of the ending inventory=$100*6000
Value of the ending inventory=$600,000
Option A is correct ($600,000)
The value of the ending inventory using the absorption costing method for Guillotine Corporation is $600,000. This is calculated by adding the relevant per unit costs, which total $100 per unit, and then multiplying by the number of units in the ending inventory.
The absorption costing method includes both variable and fixed manufacturing costs, such as direct labor, direct materials, and both variable and fixed overhead, in the valuation of inventory.
In Guillotine Corporation's case, the costs per unit would be added together: $40 (direct labor) + $20 (direct materials) + $10 (variable overhead) + $30 (fixed overhead), which equals $100 per unit. Notice that the selling and administrative costs are not included in the valuation because absorption costing only includes manufacturing costs.
To find the value of the ending inventory, we then multiply the cost per unit ($100) with the number of units in the ending inventory (6,000 units). Therefore, 6,000 units * $100/unit = $600,000. Therefore, answer a) $600,000 is correct.
#SPJ3
Answer:
Structural policy
Explanation:
This is an example of what is known as structural policy.
There are times where the problem of an economy get to be more and also last longer than inadequate demand. This problem can be caused by government policies or sometimes private practices that cause an impediment on the efficient production of goods and Also services. In other to fix a problem such as this, changes have to be made to the economy. Such changes is what is regarded as structural policy.
Answer:
See explanation section
Explanation:
Requirement A
Insto Photo Company
Journal Entries
Date Accounts Name Debit Credit
December 1, 2016 Inventory $25,000
Notes payable $25,000
Note: As the merchandise company issued a note for the credit purchase of merchandise inventory, notes payable is used instead of accounts payable.
Dec. 31, 2016 Interest expense $250
Interest payable $250
Note: Adjusting entry is needed as the fiscal year is ended on 31st December, therefore, there will be an accrued interest expense to be paid for one month. The calculation of interest expense = $25,000 × 12% × (30 ÷ 360) [assuming 1 year = 360 days, 1 month = 30 days]. = $250 for one month's accrual.
Requirement B
March 31, 2017 Interest expense $ 750
Interest payable $ 250
Notes payable $25,000
Cash $26,000
Note: At the end of the maturity date, the buyer will pay all the bills of the notes plus interest. Interest payable becomes debit as it did not pay by the buyer on 31st December, 2016. The remaining interest = $25,000 × 12% × (90 ÷ 360) = $750. Total cash will be paid after the maturity = $25,000 + $250 + $750 = $26,000.