Be5-4, Prepare the journal entries to record the following transactions on Novy Company’s books using a perpetual inventory syst

Answer:

c. $455.75

Explanation:

The calculations for the quarterly payments are as follows:

= Remaining balance ÷ PVIFA factor for 2.5% over 12 years

Here,

Remaining balance is

= $5,500 - $5,500 × 15%

= $5,500 - $825

= $4,675

And the PVIFA factor for 2.5% across 12 years is 10.2578.

Refer to the PVIFA table.

= $4,675 ÷ 10.2578

= $455.75

Considering quarterly payments, the rate is divided by four and the time frame becomes four times as long.

Answer:

The conversion cost per equivalent unit in the mixing department amounts to $ 14.19

Explanation:

Step 1 Determine the Number of Units Completed

Hint: Input units in process must equal output units from the process

Thus, Units Completed = 4,000 units+8,000 units - 2,500 units

= 9,500 units

Step 2 Assess the total conversion cost for the period within the process

Hint: Conversion costs in Opening Work In Progress + Conversion Costs Initiated during the Process

So:

Opening Work In Progress         $55,000

Plus Costs Initiated during the Process $92,000

Total Conversion Costs              $149,000

Step 3 Calculate the total Equivalent Units concerning Conversion Costs

Completed Units - 100%               9,500

Closing Work in Progress - 40%   1,000

Total                                              10,500

Step 4 Determine the cost per equivalent unit for conversion costs in the mixing department

cost per equivalent unit for conversion costs= total conversion cost/ total Equivalent Units

= $149,000/ 10,500

= $ 14.19

Response:

$540,000

Explanation:

Calculating the company's additional revenue from accepting the proposal

Utilizing this equation

Additional revenue = Number of units in export order * Price offered per unit

Now, let’s insert values into the equation

Additional revenue=9,000*$60

Additional revenue= $540,000

Hence, the company's additional revenue from accepting the offer totals $540,000

Respuesta:

$23,709

Explicación:

Datos proporcionados en la pregunta:

Monto del bono emitido = $700,000

Duración = 5 años

Tasa de interés = 8%

Monto de venta del bono = $728,700

Tasa de interés de mercado = 7%

Ahora,

Intereses pagados = Monto del bono emitido × Tasa de interés

= $700,000 × 0.08

= $56,000

Gasto por intereses = Monto del bono vendido × Tasa de interés de mercado

= $728,700 × 0.07

= $51,009

Prima no amortizada = Monto de venta del bono - Monto del bono emitido

= $728,700 - $700,000

= $28,700

Monto amortizado = Intereses pagados - Gasto por intereses

= $56,000 - $51,009

= $4,991

Balance de la cuenta de primas sobre bonos a pagar inmediatamente después del primer pago de intereses

= prima no amortizada - Monto amortizado

= $28,700 - $4,991

= $23,709