Answer:
D
Explanation:
Interest rate Fiscal year-end Interest expense
12% December 31
10% September 30
9% October 31
6% January 31
Answer:
In accrual basis accounting, expenses are recorded in the period when their matching revenues are obtained.
In this case, even if the full interest will be paid at maturity, interest expense will still be recorded in each period according to the information that we are given in the question.
Interest expense to be recorded by December 31
5,200,000 * 0.12 = 624,000 / 2 = 312,000
Interest expense to be recorded by September 30
5,200,000 * 0.10 = 520,000 * 3/12 = 130,000
Interest expense to be recorded by October 31
5,200,000 * 0.09 = 468,000 * 4/12 = 156,000
Interest expense to be recorded by January 31
5,200,000 * 0.06 = 312,000 * 7/12 = 182,000
(before proration) in Each Account Balance(before proration)
Work-in-process $25 750 S11,400
Finished goods 53 225 26,600
Cost of goods sold 75,650 38.000
Total $154,625 $76,000
Direct materials inventory has a balance of S15,000. If Seaside uses the proration approach (based on the amount of manufacturing overhead in ending balances), what will be the final balance in fatal work-in-process inventory?
a $9.000
b. 523 350
c. $23,085
d. 58 735
Answer:
b. $23,350
Explanation:
The computation of final balance in fatal work-in-process inventory is presented with the help of spreadsheet as attached below:-
The formula is presented below:-
Amount of Over-allocated Overheads = Percentage of overhead applied × Over-allocated Overheads
Account Balance after = Account Balance before - Amount of Over-allocated Overheads
Therefore the correct answer is b. that is $23,350
Answer and Explanation:
The Journal entries are shown below:-
1. Investment in bond Dr, $330 million
To Cash $300 million
To Discount on bond investment $30 million
(Being investment in bond is recorded)
2. Cash Dr, $8.25 million ($330 million × 5% × 6 ÷ 12)
Discount on bond investment Dr, $0.75 million
To Interest revenue $9 million ($300 million × 6% × 6 ÷ 12)
(Being recognition of bond interest and discount is recorded)
3. The computation of investment is shown below:-
Investment = $300 million + $0.75 million
= $300.75 million
4. The journal entry is shown below:-
Cash Dr, $290 million
Discount on bond inventment Dr, $29.25 million
Loss on sale of investment Dr, $10.75 million
To inventment in bond $330 million
(Being sale of investment is recorded)
B) This represents what happens to a business when a major change takes place due to the introduction of new technology
C) This represents what happens to a business when a major change takes place due to a change in customers' values or a change in what customers prefer
D) This represents what happens to a business when a major change takes place due to a differentregulatory environment
E) A new CEO is an example of a strategic inflection point.
Answer:
The correct anwer is E) A new CEO is an example of a strategic inflection point.
Explanation:
The statement that "A new CEO is an example of a strategic inflection point" is false since to determine a strategic inflection point we rely on other factors that affect companies such as the power of competitors, the power of customers, the power of potential competitors, the power of suppliers and the power of substitutes.
For example, if my product or service is exceeded 10 times more by the competition in quality or price; we are talking about a strategic inflection point.
Answer:
The correct answer is 265 Days and 237 Days.
Explanation:
According to the scenario,m the computation of the given data are as follows:
First we calculate the Days cash on hand by using following formula:
Days cash on hand = Cash and cash equivalent ÷ [(operating expenses - Depreciation expense) ÷ 365 ]
So, For the year 20Y8
Days Cash on hand = ( $25,720 + $8,200) ÷ [( $60,020 - $13,300) ÷ 365]
= $33,920 ÷ 128
= 265 days
So, For the year 20Y9
Days Cash on hand = ( $24,945 + $9,420) ÷ [( $64,325 - $11,400) ÷ 365]
= $34,365 ÷ 145
= 237 days
Answer:
The correct answer is: Dumping.
Explanation:
Dumping refers to exporting a good at a lower price than the price charged for the goods at home. Involves substantial volumes of the exported product and endangers manufacturers and producers in the importing nation. The World Trade Organization states that dumping is unfair competition but most countries condemn it. Dumping is legal under the World Trade Organization rules unless the country can prove it has negative effects.