Answer:
d. 90,000
Explanation:
Amount received from partnership
2011 2012
operating income 60,000 72,000
(50% of 120,000) (50% 0f 144,000)
guaranteed payments 24,000 36,000
(2,000 × 12) (3,000 × 12)
Total 84,000 108,000
84,000 × 9/12 (from 1 jan 2011 - 30 sept 2011) = 63,000
108,000 × 3/12 (from 1 oct 2011 - 31 dec 2011) = 27,000
Total = 90,000 option d
Answer:
Skippers Landing should allocate the transaction price of $65,000 to the performance obligations as follows:
Boat = $60,000/$70,000 x $65,000 = $55,714
Mooring facilities = $10,000/$70,000 x $65,000 = $9,286
Explanation:
To apply "IFRS 15 Revenue from Contracts with Customers," Skipper Landing will allocate the transaction price to each performance obligation for each boat and mooring facilities sold based on the proportion of the relative stand-alone selling prices of each boat and mooring facilities sold to the customer in the transaction.
Answer:
A) For which event was the labor productivity higher?
Productivity is defined as the capacity to produce with a set amount of inputs, these inputs being workers and capital. A higher productivity occurs when more output is produced with the same or less amount of inputs.
Labor productivity was higher for the the anniversary celebration last week because with 7 workers, the catering company managed to serve 250 meals. Meanwhile, the week before, with 1 more worker (8 in total), the company only served 200 meals.
B) What are some possible reasons for the productivity differences?
The reasons can be very varied. One common reason though is the law of diminishing marginal product. This economic law establishes that there is an optimal amount of workers to employ in an economic activity, and any amount above or below will be less productive.
In this case, the optimal amount may have been 7 workers, and adding the 8 worker could have created a productivity loss represented by the lesser production.
Answer:
You plan to save $370 per month starting today for the next 46 years at an interest rate of 9.7% will be <u>$791046.3155</u>
Explanation:
Rate = 9.7% / 12 = 0.808333%
Number of periods = 30 * 12 = 360
Future value = ( 1 + r) * Monthly payments * [ ( 1 + r)n - 1] / r
Future value = ( 1 + 0.00808333) * 370 * [ ( 1 + 0.00808333)360 - 1] / 0.00808333
Future value = 1.00808333 * 370 * 2,120.819723
Future value = $791046.3155
Answer:
$306,000
Explanation:
To determine manufacturing costs, consider only those cost that can be directly traced to the product manufactured and plant related costs.
<u>Total Manufacturing Cost Calculation :</u>
Factory Utilities $11,400
Indirect Materials $39,500
Direct Materials $166,400
Equipment Depreciation $47,000
Direct labor $91,700
Total Manufacturing Cost $306,000
