Time Value of Money Q1. Mr. Sundaram is planning to retire this year. His company can pay him a lump sum retirement payments of Rs 2‚ 00‚000 or Rs 25‚000 life time annuity whichever he chooses. Mr. Sundaram is in good health and estimates to live for at least 20 more years. If his interest rate is 12%‚ which alternative should he choose? Ans Present Value of Annuity 25000*7.469*1.12 = 2‚09‚132 Which is greater than lump sum value of Rs. 2‚00‚000. So Annuity option is better
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Assignment 3 Question 1 Question 2 Question 3 a) It would be beneficial for the company as a whole if logs were transferred to the Sawing Division at the suggested price of $61.50 per log. CM from selling externally = $75 - $40.50 - $9.50 = $25/unit $25 x 10‚000 units = $250‚000 CM from selling to Sawing division = $122-Trasnfer costs from Harvesting-Production costs = $122-40.50-9.50-35-4.5-2.5 = $30/unit $30 x 10‚000 units = $300‚000 $300‚000 - $250‚000 = $50‚000 The CM is greater
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inventory in the company’s warehouse. The company’s cost records revealed the following actual cost and operating data for the year: Computer-hours 60‚000 Manufacturing overhead cost $1‚208‚000 Inventories at year-end: Raw materials $420‚000 Work in process $120‚000 Finished goods $1‚030‚000 Cost of goods sold $2‚770‚000 Required: 1. Compute the company’s predetermined overhead rate for the year. 2. Compute the underapplied or overapplied overhead for the year. 3. Assume the
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salary Sales persons salary CEO and CFO salary Advertisement expense Depreciation of factory equipment Factory utilities Oil and lubricants for factory equipment‚ and other miscellaneous materials used in production Wood inventory‚ Sept. 1 Work-in-process inventory‚ Sept. 1 Finished wooden beds‚ Sept. 1 Wood purchases Cost of goods manufactured Sales revenue Gross margin Net income Assume there are no other expenses or costs in MM Co. $95‚000 $67‚000 $15‚000 $7‚000 $12‚000
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entries to record the information above. Key your entries by the letters a through i. Assume all purchases are made on account. 1 2 2. Hirpara Inc. has provided the following data for July: Required: Prepare T-accounts for Raw Materials‚ Work in Process‚ Finished Goods‚ and Manufacturing Overhead‚ and Cost of Goods Sold. Record the beginning balances and each of the transactions listed above. Finally‚ determine the ending balances. 3 3. Whether a company uses process costing or
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rules and procedures so that he can resolve problems and answer questions related to accounting. Human Skills Human skill is the ability to understand‚ alter‚ lead and control the behaviour of other individuals and groups. It is the ability to work well with other people both individually and in a group. Managers with good human skills are able to get the best out of their people. They know how to communicate‚ motivate‚ lead and inspire enthusiasm and trust. Katz said that human skills are important
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The Use of Nature as a Motif Rebecca stands as a perfect example of modern gothic literature. Gothic fiction can be characterized by vivid settings‚ an atmosphere of mystery‚ terror‚ violence and the supernatural. The book encompasses a murder‚ a terrible fire‚ and features a sinister servant; finally‚ the entire story is pervaded by the unrestful ghost of Rebecca herself. The novel also exemplifies the typical gothic novel by the use of weather and nature as a motif. Nature seems to skillfully
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| General Journal | |Accounts |Debit |Credit | |Work in Process |152‚000 | | |Manufacturing Overhead |
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cost according to the accounting system? 5. Direct labor made up $8‚000 of the $40‚000 ending Work in Process inventory balance. Supply the information missing below: Direct materials . . . . . . . . . . . . . . . $ ? Direct labor . . . . . . . . . . . . . . . . . . . 8‚000 Manufacturing overhead . . . . . . . . . ? Work in process inventory . . . . . . . $40‚000 SOLUTION: 1. a. [pic] |b. |Actual
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Essay Nature‚ in its core function‚ is the cause and effect relationship offered to things with "ascertainable objectivity"‚ happening without cause. From this we can easily conclude that the state of the nature of something that something being an object with “thing-hood”‚ as humorously described in class is its beginning purpose and generality. There are a few debatable definitions of nature‚ which at first glance are very similar. On hand‚ we have nature that is described as
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