Answer:
Please see attachment
Explanation:
Please see attachment
Answer:
Allocated administrative expense to Meat department = $17,000
Explanation:
The basis of allocating the administrative expense is the floor space occupied by the the department.
Administrative expense
= Floor space occupied/Total floor area × Administrative expense
Total floor area= (1,470+980+2,450)= 4,900 square feet
Floor area occupied by meat department = 2,450
Administrative expense = $34,000
Allocated administrative expense to Meat department:
= (2,450/4,900) × $34,000 = $17,000
= $17,000
Answer:
$17,000
Explanation:
Using the floor spacing occupied by each department as the basis for the allocation of the administrative expense. In other words, the bigger the square feet occupied, the bigger the total administrative expense to be allocated.
Given
Department Square Feet Dollar Sales
Produce 1,470 $ 99,000
Bakery 980 $ 49,000
Meats 2,450 $ 61,000
Totals 4,900 $ 209,000
And the Amount Administrative Square feet of floor space $ 34,000
Then the administrative cost allocated to the meat department
= (2450/4900) * $ 34,000
= $17,000
Answer:
a. $36,000; $30,000
Explanation:
Consumer Surplus is the difference between price paid by the consumer & maximum price he is willing to pay. Graphically it is the triangular area above the equilibrium price, below the demand curve.
Producer Surplus is the difference between price received by the seller & his minimum selling price. Graphically it is the triangular area below the equilibrium price, above the supply curve.
So : The formula = 1/2 (price differential) (quantity)
Consumer Surplus = 1/2 (14-8)(12000) = 1/2 (6) (12000) = 1/2 (72000)
= 36000
Producer Surplus = 1/2 (8-3)(12000) = 1/2 (5) (12000) = 1/2 (60000)
= 30000
Answer:
The correct option is B. $1,012,303
Explanation:
For computing the net amount, the following calculations are need to be done which is shown below:
1. Calculation the total value of bond which equals to
= Issue amount × price
= $1,042,000 × (97 ÷ 100)
= $1,010,740
2. Now compute the discount which shown below:
= Issue amount - total value
= $1,042,000 - $1,010,740
= $31,260
3. Then, compute the semiannual discount amount by applying the straight line method
= Discount value ÷ number of years
where,
number of year would be multiply by 2 = 2 × 10 = 20 years
So, the value would be equal to
= $31,260 ÷ 20 years
= $1,563
4. So, the net amount would be
= Total value of bond + semiannual discount
= $1,010,740 + $1,563
= $1,012,303
Hence, the net amount will be reported for the bonds on the August 31, 2019 balance sheet is $1,012,303
Therefore, the correct option is B. $1,012,303
1 pts
Petulia has been following the stock market, and has noticed that it has generally been declining for
the last several weeks. Many of her friends have sold stock, but Petulia looks at this situation as a
good opportunity to buy. Petulia's views are consistent with the
approach to investing
in the stock market.
O contrarian
opposing
Ο Ο Ο Ο
O arbitrarian
negativist
Question 7
Answer:
Contrarian
Explanation:
In this case, Petulia is following the contrarian investment style. Those who follow this style, invest contrary to prevailing market trends (hence the name), by buying when other are selling, and selling when others are buying.
Petulia is a contrarian because instead of selling stock during the downward trend, she opted to buy stock instead, hoping for a rise in the market in the short, or in the long-term.
Answer:
The answer is Systems Proposal.
Explanation:
Answer:
The correct word for the blank space is: Systems Proposal.
Explanation:
In computer science, the Systems Proposal is a second step on a project that outlines the features, benefits, costs, alternatives, and a step-by-step schedule of the software that is intended to be developed. All the information is gathered in a document that has the intention to promote the production of the software, thus, the Systems Proposal mainly provides the core information and highlights benefits over costs without hiding anything relevant.
Answer: The following journal entries would be recorded upon disposal of the equipment:
Debit Credit
Cash $100,000
Accumulated depreciation $140,000
Equipment $250,000
Loss on disposal of asset $10,000
Explanation: Using the straight-line method of depreciation, the following formula applies: (Historical cost - Salvage value) / No of years
Depreciation = ($250,000 - $50,000) / 5 years = $40,000 yearly
Accumulated depreciation (January 1, 2010 - July 1, 2013) for three and half years is $140,000 (3.5 years * $40,000). This means that the equipment had a net book value (NBV) of $110,000 as at the time of disposal. So, the above entries would eliminate the asset in the books and recognise the loss on disposal (sales proceed was less than the NBV).