The company has to pay 11% interest for funds from its bank.

a. Record the two journal entries that should be recorded by Cullumber Company for the two purchases on January 1, 2020.
b. Record the interest at the end of the first year on both notes using the effective-interest method.

Martinez manufacturing applies overhead based on direct labor hours. the company estimates that their overhead for the year will be $180,000, and that they will use 72,000 direct labor hours. during the year, martinez manufacturing actually used 75,000 direct labor hours and actual overhead costs were $190,000. at the end of the year, manufacturing overhead was: overapplied by $2,500. overapplied by $10,000. underapplied by $2,500. underapplied by $10,000.

Afirm that makes electronic circuits has been ordering a certain raw material 250 ounces at a time. the firm estimates that carrying cost is i = 30% per year, and that ordering cost is about $20 per order. the current price of the ingredient is $200 per ounce. the assumptions of the basic eoq model are thought to apply. for what value of annual demand is their action optimal?

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.