Answer:
Product cost refers to the costs incurred to create a product. These costs include direct labor, direct materials, consumable production supplies, and factory overhead. Product cost can also be considered the cost of the labor required to deliver a service to a customer.
Examples of product costs are direct materials, direct labor, and allocated factory overhead which are directly attributable to the product.
period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets. A period cost is more closely associated with the passage of time than with a transnational event. ... Instead, it is typically included within the selling and administrative expenses section of the income statement.
Examples of period costs are general and administrative expenses, such as rent, office depreciation, office supplies, and utilities. Period costs are sometimes broken out into additional subcategories for selling activities and administrative activities
Answer:
a. 10 times
Explanation:
The computation of price-earnings ratio is shown below:-
Earning per share = Net income ÷ Weighted average shares outstanding
= $2,000,000 ÷ 400,000
= 5
Price earning per share = Market price per share ÷ Earning per share
= $50 ÷ 5
= 10 times
Therefore for computing the price earning per share we simply applied the above formula.
Answer:
<h2>Consolidated net income is the sum of net income of the parent company excluding any income from subsidiaries recognized in its individual financial statements plus net income of its subsidiaries determined after excluding unrealized gain in inventories, income from intra-group transactions, etc.</h2>
Answer:
31 Dec
Dr Perez capital 1300
Cr Cash 1300
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital 315
Dr Cruz Capital 135
Cr Cash 1750
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital 385
Dr Cruz Capital 165
Cr Cash 750
Explanation:
31 Dec
Dr Perez capital 1300
Cr Cash 1300
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital (1750-1300/10×7)315
Dr Cruz Capital (1750-1300/10×3) 135
Cr Cash 1750
31 Dec
Dr Perez Capital 1300
Dr Lopez Capital (1300-750/10×7)385
Dr Cruz Capital (1300-750/10×3) 165
Cr Cash 750
Answer:
c. Instructions, Flowcharts, and Ledgers book
Explanation:
Cash, Account receivable, Inventory and other accounts are all the ledger and it is appeared in ledger book in the SUA pocket. All the transaction and flowcharts are present in this book and we can find all the Ledger accounts here in Instructions, Flowcharts, and Ledgers book. So option C is correct.