Answer:1000
Explanation:
Equipment decreases $6000 ($10000-$4000). Accumulated depreciation decreases $9000 ($22000+4000-$17000). $10000 cost -$9000 accumulated depreciation = $1000 cash received from sale.
Given that <span>Sal
and Jen went to the store together, and each bought the same car
stereo. Sal used a card to make the purchase, and the full amount was
immediately withdrawn from his bank account. Jen used a card to make the
purchase, and she received a bill within 15 days of the purchase. She
paid $21.30 for the next 18 months until the bill was paid in full. The
full payment included $58.60 in interest.
The statement that describes
Sal’s purchase is "</span><span>Sal used a debit card and paid a total of $324.80 for the stereo".</span>
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:
Net Income 186,900
Explanation:
sales 730,000
variable cost
40% of sales
40% of 730,000 = (292,000)
Selling expense (81,000)
Administrative expense (90,000)
Earnigns before taxes 267,000
income tax expense
30% of EBT
30% of 267,000 = (80,100)
Net Income 186,900
Answer:
The expected return of your portfolio is 6.02%
Explanation:
Stock Value Expected Rate of return Weightage
A $200 8% $200/$300 = 0.67
B $100 2% $100/$300 = 0.33
Expected Rate of return = ( Expected rate of return Stock A x Weightage of Stock A ) + ( Expected rate of return Stock B x Weightage of Stock B )
Expected Rate of return = ( 8% x 0.667 ) + ( 2% x 0.33 )
Expected Rate of return = 0.0536 + 0.0066 = 0.0602 = 6.02%
