Answer:
The cost of goods manufactured is $557,300
Explanation:
In order to calculate the cost of goods manufactured we would have to make the following calculation:
cost of goods manufactured=Work in process inventory 1/1+Total manufacturing costs-Work in process 12/31
Work in process inventory 1/1)= $13,500
Total manufacturing costs=Direct materials used+Direct labor+Manufacturing overhead
Total manufacturing costs=166000+220000+180000=$566,000
Work in process 12/31=$22,200
Cost of goods manufactured=$13,500+$566,000 -$22,200
Cost of goods manufactured=$557,300
The cost of goods manufactured is $557,300
Answer:
$30,000
Explanation:
Fair value of equity = Fair value of Assets - Fair value of liabilities
Fair value of equity = $150,000 - $50,000
Fair value of equity = $100,000
Holmes Company pays $75,000 to acquire 75% of Equity
Holmes Company pays $15,000 for 75% of goodwill
Non controlling interest = 25% of Equity + 25% of Goodwill
Non controlling interest = 0.25*($100,000) + 0.25*($20000)
Non controlling interest = $25,000 + $5,000
Non controlling interest = $30,000
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
Answer:
$2.82
Explanation:
The CPI is the measure of the average changes in prices of consumer goods and services. The CPI compares current prices and prices at the base year.
CPI is expressed as a percentage. It represents the cost of goods in a given year divided by the cost of goods in the base year multiplied by 100.
In 1970, the movie price was $0.50, and CPI was 38.8%
in 2011, CPI was 218.8%; the movie price will be?
in 1970: $0.50 =38.8%
in 2011: ? = 218.8%
?= 218.8/38.8 x $0.50
?=5.6392 x 0.50
=$2.81896
=$2.82
One of the most important things to establish in business from your first day is:
This refers to the quality that your business partners are able to trust you and you are accountable and you as a business person has good ethics and can be relied on.
With this in mind, we can see that the first thing to establish in business is credibility.
Therefore, the correct answer is option B
Read more about credibility here:
brainly.com/question/14032595
Answer: (a) Fair value changes are not recognized in the accounting records - Measurement principle (historical cost).
(b) Financial information is presented so that investors will not be misled - corresponds to full disclosure principle.
(c) Intangible assets are amortized over periods benefited - expense recognition principle.
(d) Agricultural companies use fair value for purposes of valuing crops - industry practices or fair value principle.
(e) Each enterprise is kept as a unit distinct from its owner or owners - economic entity assumption.
(f) All significant post-balance-sheet events are disclosed - full disclosure principle.