Answer:
11,303 Hrs
Explanation:
Now here, we can use the learning curve formula, which is as under:
Y = a * X^ (log of learning rate / log 2)
Here
Y is the average time taken by each unit
a is the time taken by the first unit which is 25000 hrs
X is the number of units to be produced which is 16 unit (Including the first unit)
Learning Rate is given and is 82%
So by putting values we have:
Y = 25,000 hrs * 16 ^ (Log 0.82 / Log 2)
Y = 25,000 * 16^(-0.2863)
Y = 25,000 * 0.45212 = 11,303 Hrs
Answer and Explanation:
The journal entries are shown below;
a. Interest receivable Dr ($12,000 × 7% × 30 days ÷ 360 days) $70
To Interest revenue $70
(Being the interest revenue is recorded)
For recording this we debited the interest receivable as it increased the asset and credited the interest revenue as it also increased the revenue
b. Cash Dr $12,105
To interest receivable $70
To interest revenue ($12,000 × 7% × 15 days ÷ 360 days) $35
To Note receivable $12,000
(being cash received is recorded)
For recording this we debited the cash as it increased the assets and credited the interest receivable, interest revenue and note receivable as it decreased the asset and increased the revenue
The Global Climate Change Inititive
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