Robinson Corporation manufactures automobile parts. Account balances at the end of the year are: Manufacturing overhead allocated $1,400,000 Manufacturing overhead actual $1,495,000 What would be the correct journal entry to close out the overhead accounts assuming that the write-of to cost of goods sold approach is used? Debit Credit A) Cost of goods sold $95,000 Manufacturing overhead allocated $1,400,000 Manufacturing overhead actual $1,495,000 B) Manufacturing overhead actual $1,495,000 Finished goods $95,000 Manufacturing overhead allocated $1,400,000 C) Manufacturing overhead actual $1,495,000 Cost of goods sold $95,000 Manufacturing overhead allocated $1,400,000

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

Interest is credited to a fixed annuity no lower than the variable contract rate contract guaranteed rate current rate of inflation prime rate

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.