Answer:
Andrew did do a proper feasibility study about the land
Explanation: Andrew lots chunk of money because he gave out his land half of the price he bought it initially. And bought another at a higher price
which is more than the 10,000 dollars
Answer:
As a result of operations, there will be an understatement of McGinnis’ net income for the most recent fiscal year of 30900
Explanation:
Services 40900
Weekly wage 10000
FY end on June 30900
The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made. Thus, you record revenue only when a customer pays for a billed product or service, and you record a payable only when it is paid by the company
The answer is customer value analysis. This is responsible
for providing information in regards with the organization’s way of how they
are able to maintain or work well with their competitions and to their
customers. This is considered to be important because it provided a basis and
comparison with the rivals existing in the organizations.
Answer:
The correct answer is option (b).
Explanation:
According to the scenario, computation of the given data are as follows:
first we calculate the predetermined OH, then
Predetermined OH rate = Estimated Manufacturing OH Cost ÷ Estimated Direct Labor Hours
= $451,140 ÷ 61,800
= 7.3
So, Applied MOH = 60,500 × 7.3 = $441,650
So, Underapplied OH = Actual MOH - Applied MOH
= $532,000 - $441,650
= $90,350 (under applied)