The postdated checks are considered to be an accounts receivable for accounting purpose.
<h3>What is a
postdated checks?</h3>
These are checks that is expected to make a payment to be processed on a specified date in the future.
However, in accounting, the postdated checks are considered to be an accounts receivable by a firm for accounting purpose.
Read more about postdated checks
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Answer:
Standard= $24,800
Explanation:
Giving the following information:
Number of: Setups Components
Standard 22 8
Deluxe 28 12
Overhead costs $20,000 $40,000
<u>First, we need to calculate the predetermined overhead rate for each activity:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Setups= 20,000 / (22+28)= $400per setup
Components= 40,000 / (8+12)= $2,000 per component
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Standard= 400*22 + 2,000*8
Standard= $24,800
Answer:
Letter E is correct. <em>Dominating.</em>
Explanation:
The dominating conflict-handling style is one that puts your individual interests above the interests of other individuals or your team.
This style is characterized by individuals who rely on forced behavior over another to resolve some existing conflict or to gain some position. It is a style based on profit and loss.
Answer:
$202,137.90
Explanation:
Year Annual payment Discount factor Present value
1 $28,000 0.965250965 $27,027.03
2 $32,000 0.931709426 $29,814.70
3 $66,000 0.899333423 $59,356.01
4 $99,000 0.868082454 $85,940.16
Total present value $202,137.90
The discount factor should be computed by
= 1 ÷ (1 + interest rate)^years
where,
rate is 3.6%
Year = 0,1,2,3,4 and so on
Answer:
$124,000 is the correct answer if we use 6% which is the correct question scenario. If we take 7% then its
Explanation:
The cash dividend announced is $160,000. Remember the first payment goes to preferred shareholders and then the amount left would be distributed among the ordinary shareholders.
The dividend share of Preferred shareholders = 6000 shares * $100 par value * 6% fixed rate = $36,000
After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:
Share of Dividend of ordinary shareholders = $160,000 - $36,000
= $124,000
Similarly if we use 7% fixed rate, then
The dividend share of Preferred shareholders = 6000 shares * $100 par value * 7% fixed rate = $42,000
After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:
Share of Dividend of ordinary shareholders = $160,000 - $42,000
= $124,000