Answer:
The ratio of flotation cost to funds raised is 20.13%
Explanation:
First of all, it is noteworthy that actual amount received per share by Deep Hollow Oil is the issue price minus the underwriting spread of $2.6565
(8.05% of $33),in other words the net issue price is $30.3435
The total amount raised is $ 4,096,372.50 (135000*$30.3435
),while total flotation costs are as follows:
Underwriting costs $ 358,627.50
Legal and accounting fees $418,000
Indirect costs $48,000
Total flotation costs $824,627.50
However, the flotation costs as a percentage of funds raised is given below:
$824,627.50 /$4,096,372.50=20.13%
Answer:
The overhead cost assigned to each unit of product B is $46.2 per unit.
Explanation:
Overhead absorbed in each product B can be calculated as under:
Overhead Absorbed = Overhead Absorption Rate * Absorption Basis
Here in this question, the absorption basis is Direct labor hours. So the direct labor hour per unit of Product B is 0.7 Hr and the OAR is $66.
By putting values in the above equation, we have:
Overhead Absorbed = $66 per unit * 0.7Hrs = $46.2 per unit
Answer:
poop is the place to go. as long a as there is a bathroom nearby
Answer:
Journal Entries
1) Debit Salaries Expense $6,667 Credit Bank $6,667
2) Debit Fuel and Maintenance expense $600, Credit Bank $600
3) Debit Depreciation Expense $amount Credit Accumulated depreciation $amount
4) Debit Insurance Expense $amount Credit Bank $amount
5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount
6) Debit Accounts Receivable ( total of all trips) $amount Credit Service Revenue $amount
Explanation:
The Question is incomplete but i will do the typical journal entries to the transactions without figures.
1) The salaries are for one month and in brackets there is a $80,000*1/12 calculation meaning the $80,000 is for the year, now if it was already recorded then we debit salaries payable $6,667 credit bank $6,667
4) Insurance expense is debited if it is paid as it is incurred but if it has an Prepaid insurance account then we credit the Prepaid insurance account instead of Bank.
