Answer:
Dr Factory overhead $73,000
Cr Factory wages payable $73,000
Being cost of indirect labor for the month
Explanation:
The factory overhead cost account needs be debited because the cost is an indirect cost of production, this is also due to the fact that the transaction is an increase in expense as increase in expense account is automatically a debit entry.
The corresponding entry was credited to factory wages payable as the amount is owed to factory workers,as a result it remains in payable account until it is eventually settled in cash which would mean the cash account is credited and the factory wages payable account is debited.
Answer
The answer and procedures of the exercise are attached in the following images.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.
Answer: $3865.8
Explanation:
The formula to find the simple interest is given by :-
, where P is the initial amount deposited , r is the rate of interest in decimal and t is the time period in years.
Given : P= $1700 ; r= 9.8%=0.098 ; t=13 years
Then , the simple interest earned in 13 years will be :-
Now, the combined amount = P+I =$1700+$2165.8= $3865.8
Hence, the credit union would owe Heather $3865.8 in 13 years.
Answer: $410 million
Explanation:
Cash flow from operation= $500
Interest expense = $40 million
Net capital expenditures = $150 million
Net new borrowing = $60 million, Net increase in working capital = $20 million.
Marginal tax rate = 30%.
The cash flow from operations includes the Net Earnings adjusted for working capital. Also, the net earnings include the impact of interest expense and the tax expense/shield.
Therefore, the cash flow to equity will be:
= Cash Flow from Operations - Capital Expenditure + Net borrowing
Cash flow to equity will now be:
= 500 - 150 + 60
= $410 million
It is called "Remote Journaling."
