Answer:
D) $25,000
Explanation:
Accrual basis is a method of recording accounting transactions for revenue when earned (rather than when the cash is received) and expenses matched with revenues when incurred (rather than at the time when expenses are paid).
In the year, Grace Company earned revenues: $60,000
Expense incurred: $35,000
Prepaid $8,000 that will be expense next year.
Net Income = Earned revenues - Expense incurred = $60,000-$35,000 = $25,000
Answer:
112 customers per day
Explanation:
For computing the needed capacity requirement, first we have to find out the new utilization rate which is shown below:
Capacity cushion = 100% - average utilization rate
25% = 100% - average utilization rate
So, the average utilization rate is 75%
Now the needed capacity requirement is
Utilization rate = Average output rate ÷ Maximum capacity × 100
75% = 84 ÷ Maximum capacity × 100
So, the maximum capacity is 112 customers per day
We simply applied the above formula to determine the needed capacity requirement
<span>Answer:
E(R) = 3.80 + .88(9.60 - 3.80) = 8.90 percent</span>
Answer:
The information provided to Kanska was insufficient.
Explanation:
The onus was on the company to provide all the necessary information for Kanska to work with.
An application development firm only creates applications based on the requirements gathered from clients and if clients don't divulge all necessary information, there is bound to be dissatisfaction in service when the mobile application is provided.
Answer:
fringe benefit expense 4,300
Wages expense 72,000
Payroll tax expense 8, 100
Cash 84,400
Work In Process 70,896
Factory Overhead 13,504
Fringe benefit expense 4,300
Wages expense 72,000
Payroll tax expense 8, 100
Explanation:
The first entry will be the payment to the employees wages, benefit and payroll taxes.
Then, in the second entry we will capitalize this expenses into the WIP for the amount of direct labor.
And, into actual overhead for the amount of indirect labor.
