False.... The amount of money taken out of a check for taxes depends on how much you're getting paid.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Purchases:
40 units at $100·
70 units at $80·
170 units at $60
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.
First, we need to calculate the average purchase cost.
Average cost= (100*40 + 80*70 + 60*170)/280= $70.7
Now, we can calculate the value of ending inventory:
Inventory= $70.7*10= $707
Answer:
The price of the stock today is $24
Explanation:
The price of the stock can be calculated using the dividend discount model. The price of the stock will include discounting back future dividends.
P0 = D0*(1+g) / 1+r + [D*(1+g) / r-g] / 1+r
P0 = 1.2*(1+0) / 1+0.09 + [1.2(1+0.04) / 0.09-0.04] / 1+0.09
P0 = $24
Answer:
$ 102,100
Explanation:
Based on the scenario been described in the question the incremental Analysis for replacement of old equipment:
Cost of New used lift
$ 190,500
Saving in Incremental Cost of Repair of old lift
$ (45,000)
Reduction in Annual operating expenses = $25,600 * 6 years
$ (153,600)
Annual Rent revenue from new used lift = $11,000*6 years
$ (66,000)
Sale price of old lift
$ (28,000)
Saving in Incremental Costs
$ (102,100)
Net income increase
$ 102,100
Hence, the net income shall increase by $102,100 if the old liftis replaced.
Answer:
The journal entry to record this should be:;
July 1, Year 202x, cash received as deferred revenue
Dr Cash 7,500
Cr Deferred revenue 7,500
Explanation:
Accrual accounting states that both revenues and expenses must be recorded during the periods that they actually occur, and not necessarily when any cash transfer is associated to them.
In this case, the adjusting entry for accrued revenue on December 31 should be:
December 31, year 202x, accrued revenue
Dr Deferred revenue 1,875
Cr Service revenue 1,875
