This can be displayed on a time line: | | | | | $P | $400,000 | | | | | | 0 | 90 | 180 | 270 | | | | | | | | | P | = | price | = | unknown | | S | = | Maturity value | = | $400,000 | | r | = | Simple interest rate (decimal) | = | 9.16 | 100 | | = | 0.0916 | | t | = | Time period (years) | = | 90 | 365 | | = | 0.24657534... years. | | The step-by-step calculation is: P | = | S(1 + rt)-1 | | = | 400,000(1 + 0.0916 x 0.24657534...)-1 | | = | 400,000 x 0.97791257...
A: 40,500/10=4050 B: 33,600/9=3733 C: 36,000/8=4500 D: 19,000/7=2714 E: 23,500/6=3916 Total Straight-line depreciation = $18,913 Total Cost = $152,600 Depreciation Rate = 18,913/152,600 = 12.4% (b) Prepare the adjusting entry necessary at the end of the year to record depreciation for the year. Depreciation – Plant Assets 18,913
The following costs were incurred in September: Direct materials $42,700 Direct labor $29,400 Manufacturing overhead $27,300 Selling expenses $23,600 Administrative expenses $33,700 Conversion costs during the month totaled: → $56,700 $70,000 $72,100 $156,700 Conversion cost = Direct labor + Manufacturing overhead = $29,400 + $27,300 In September direct labor was 25% of conversion cost. If the manufacturing overhead for the month was $108,750 and the direct materials cost was $25,800, the direct labor cost was: rev: 06_06_2013_QC_31398, 09_24_2013_QC_36205 → $36,250 $5,583 $91,250 $22,250 Givens: Direct labor = 0.25 × Conversion cost Manufacturing overhead = $108,750 Conversion cost = Direct labor + Manufacturing overhead Conversion cost = Direct labor + $108,750 Conversion cost = 0.25 × Conversion cost + $108,750 0.75 × Conversion cost = $108,750 Conversion cost = $108,750 ÷ 0.75 Conversion cost = $145,000 Direct labor = 0.25 × Conversion cost = 0.25 × $145,000 = $36,250 A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $5,040 and is paid at the beginning of the first year. Seventy percent of the premium applies to manufacturing operations and 30% applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage?
The present value of a four-year annuity due of $10,000 at a 6 percent annual rate is $36,700. The present value of a four-year annuity due of $10,000 at an 8 percent annual rate is $35,770. What liability should Ace report on its December 31, Year One, balance sheet? 1. $0 2.
Accounting Assignment 2013 By : David Step One ….. all calculations are in $000’s $000’s | 2012 | 2011 | 2010 | 2009 | REVENUE | 419,812 | 413,131 | 373,144 | 344,150 | SALES | 418,981 | 411,652 | 372,120 | 343,078 | GROSS PROFIT | 418,981-175,843 = 243,138 | 411,652-171,256 = 240,396 | 372,120-164,789 = 207,331 | 343,078-145,275 = 197,803 | EBIT* | 19,491 | 21,532 | 16,667 | 21,164 | NET PROFIT | 16,103 | 18,218 | 12,331 | 15,649 | -TREND ANALYSIS- | | | | | SALES | 418,981/343,078 *100 = 122.1 | 413,131/343,078 *100 = 120.4 | 373,144/343,078 *100 = 108.8 | 100 | EBIT | 19,491/21,164 *100 = 92.1 | 21,532/21,164 *100 = 101.7 | 16,667/21,164 *100 = 78.8 | 100 | PROFIT | 16,103/15,649 *100 = 102.9 | 18,218/15,649
Amounts Variable overhead: Price variance $ (0%) (0%) Efficiency variance $ (0%) (0%) Fixed overhead: Price variance $ (0%) (0%) ________________________________________ P16-45 Overhead Variances (L.O. 5, 6) Lima Parts, Inc., shows the following overhead information for the current period: Actual overhead incurred $ 29,400 2/3 of which is variable Budgeted fixed overhead $ 8,640 per
Elyse Segebart NT1110 Computer Structure and Logic 02.15.2014 Unit 6 Analysis 1: Memory Cost RAM Prices throughout the years: Year | Average Cost Per Gigabyte | 2013 | $5.5 | 2010 | $12.37 | 2005 | $189 | 2000 | $1,107 | 1995 | $30,875 | 1990 | $103,880 | 1985 | $859,375 | 1980 | $6,328,125 | Historic RAM Prices | Year | Manufacturer | Size (KB) | Price | Price / MB | 1957 | C.C.C. | 0.00098 | $392 | $411,041,792 | 1960 | E.E.Co. | 0.00098 | $5 | $5,242,880 | 1965 | IBM | 0.00098 | $2.52 | $2,642,412 | 1970 | IBM | 0.00098 | $0.70 | $734,003 | 1975 | MITS | 0.25 | $103 | $421,888 | 1980 | Interface Age | 64 | $405 | $6,480 | 1985 | Do Kay BYTE | 512 | $440 | $880 | 1990 | Unitex BYTE | 8,192 | $851 | $106 | 1995 | Pacific Coast Micro | 16,384 | $494 | $30.9 | 2000 | Crucial | 65,536 | $72 | $1.12 | 2005 | Corsair | 1,048,576 | $189 | $0.185 | 2010 | Kingston | 8,388,608 | $99 | $0.0122 | 2013 | Crucial | 16,777,216 | $88 | $0.0054 | In 1957, one bit of RAM cost roughly $49 dollars based on the chart above. Just last year in 2013, the price per bit for ram storage is not even pennies. (My calculator doesn’t go that far, ha.)
Math 015 FINAL REVIEW Name____________________ 1. Write in expanded form 7,982 a. 70,000 + 900 + 80 + 2 b. 7,000 + 900 + 80 + 2 c. 7,000 + 9000 + 80 + 2 d. 7,000 + 900 + 80 + 20 2. Round 689,652 to the nearest thousands a.
Cash Budget November December January February March April May June July Sales $220,000 175,000 $90,000 120,000 135,000 240,00 300,000 270,000 225,000 Collections: Month of Sales (10%) 9,000 12,000 13,500 24,000 30,000 27,000 22,500 First month (60%) 105,000 54,000 72,000 81,000 144,000 180,000 162,000 Second month (30%) 66,000 52,500 27,000 36,000 40,500 72,000 90,000 Total collections 180,000 118,500 112,500 141,000 214,500 279,000 274,500 Purchases 54,000 72,000 81,000 144,000 180,000 162,000 135,000 90,000 Payments 54,000 72,000 81,000 144,000 180,000 162,000 135,000 90,000 Cash receipts 180,000 118,500 112,500 141,000 214,500 279,000 274,500 Cash Disbursements
III. Results A. Data Table | | | | | |Light Intensity (uM) | Year |Semester |Section |Group |Repetition |Ambient |40 |80 |160 | |2010 |Fall |1 |1 |NA |-0.66 |1.93 |6.94 |5.95 | |2010 |Fall |1 |2 |NA |-1.29 |2.09 |6.16 |7.69 | |2010 |Fall |1 |3 |NA |3.01 |2.79 |7.23 |7.79 | |2010 |Fall |1 |4 |NA |0 |2.29 |2.95 |3.55 | |2011 |Spring |1 |1 |NA |6.5 |10.4 |18.5 |22.2 | |2011 |Spring |1 |2 |NA |9.8 |9.6 |9.0 |12.6 | |2011 |Spring |1 |3 |NA |8.5 |9.9 |34.0 |34.8 | |2011 |Spring |2 |1 |NA |0 |6.63