Answer:
Acton Corporation
The overhead for the year was:
$1,208 overapplied
Explanation:
a) Data and Calculations:
Estimated manufacturing overhead $361,260
Estimated machine-hours 2,700
Predetermined overhead rate = $361,260/2,700 = $13.38
Actual manufacturing overhead $354,700
Actual machine-hours 2,660
Overhead applied = Actual machine hours * Predetermined overhead rate
= 2,660 * $13.38
= $355,908
Overapplied overhead = Overhead applied minus Actual overhead
= $355,908 - $354,700
= $1,208
Answer:
Ans. the carrying value of the note as of September 30, 2018 is $404,006
Explanation:
Hi, the note was issued to mature in 6 months, and 4 months had passed, therefore there are still 2 months left for the note to mature, in other words, this works just as a non-coupon bond which you price in terms of its discount rate and the time remaining for this instrument to mature.
With that in mind, what we need to do is to find the time remaining for the bond to mature, so remember that it was issued on June,1 2018, and in order to facilitate our calculations, we say: "From June 1 to June 30, there is a month..." Now our date will match its maturity, so we just count months until September 30 and we found out that the result is 4 months, it means that this note has 2 months until it matures.
The formula to use is as follows.
Where n is the months to its maturity.
Everything should look like this:
Best of luck.
Answer:
No, the debt is not manageable because interest payments equal $96 million per year.
Explanation:
Annual interest payment for debt = 0.08*1.2B = $96 million
Only the interest payment is about 96% of government revenue, so its not manageable.
Answer:
The correct answer is B
Explanation:
Retention of the employee comprise the various steps which is to be taken in order to retain the employee who wishes to move on. The employee need to find his job challenging and as per the interest at work and stay or retain with the firm or business for the longer period of time.
So, if there is lower in the rate of employee attrition by using the technique of the retention and motivation, the valid and correct criticism for this objective is that it does not provide or offer the time frame for accomplishing the objectives.
Answer:
(a) Dividends : Equity
(b) Interest receivable :Assets
(c) Issuance of preferred stock : Equity
(d) Prepaid insurance: Assets
(e) Amortization: Expenses
(f) Cost of goods sold: Expenses
(g) Accounts payable: Liabilities
(h) Cash: Assets
(i) Equipment: Assets
(j) Gain on sale of equipment: Revenues
Explanation:
The main elements of financial statements are: Assets, Liabilities, Equity
, Revenues and Expenses.
Assets are all the resources that the company has.
Liabilities are all the obligations that the company has.
Equity is the difference of subtracting the liabilities of the assets.
Revenue is the economic benefit that the company receives.
Expenses are the disbursements that the company makes.
