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3 years ago

10

A company has $4,500 in its Revenue account at the end of a period. The expenses are as follows: Rent, $750; Utilities, $150; Sa

laries, $2,400; Insurance, $225. The net income (loss) for the period is A. $3,600. B. ($2,100). C. $975. D. ($1,425).

2 answers:

arlik [135]3 years ago

8 0

The answer is C. $975.00

Alik [6]3 years ago

3 0

C $975 as you minus rent etc from the revenue

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Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year: Work in Proces

Paraphin [41]

Answer:

b. $44,500

Explanation:

Particulars Amount

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Direct labor used $26,500

Total factory overhead <u>$5,500</u>

Total Manufacturing Cost <u>$44,500</u>

3 0

3 years ago

Ajax Inc. was formed on April 25 and elected a calendar year for tax purposes. Ajax paid $11,800 to the attorney who drew up the

Step2247 [10]

Answer: $5416.64

Explanation:

Based on the information given, $5000 will be deducted from its organizational cost of $17500, and we'll have $12500. Then, the capitalized cost over 6 months that's 180 days will be:

= Non deductible cost / 180 months

= $12500 / 180

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= $69.44 × 6 months

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The amount that Ajax can deduct from its $17,500 organizational costs on its first tax return will be:

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4 0

3 years ago

You currently purchase a part used in your production process from an outside supplier, and have decided to begin making this pa

KIM [24]

Answer:

At an annual requirement of 40,000 units, selecting the low-cost option will save the company per year:

b) $50,000

Explanation:

a) Data and Calculations:

ALTERNATIVE FIXED COST VARIABLE COST

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General-Purpose Equipment $50,000 per year $20 per unit

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ALTERNATIVE FIXED COST VARIABLE COST TOTAL COSTS

Special-Purpose $200,000 $600,000 ($15*40,000) $800,000

General-Purpose $50,000 $800,000 ($20*40,000) $850,000

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2 years ago

Phoenix Agency leases office space for $7,000 per month. On January 3, Phoenix incurs $65,000 to improve the leased office space

Daniel [21]

Answer:

correct option is $13,000

Explanation:

given data

leases office = $7,000 per month

Phoenix incurs = $65,000

yield benefits = 8 years

remaining on its lease = 5 years

solution

we know that The cost of leasehold improvement is depreciate whichever is less

(a) Remaining Lease Term

(b) estimated useful life of improvement

so Annual depreciation of Leasehold Improvement will be here

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Annual depreciation of Leasehold Improvement = $13,000

so correct option is $13,000

4 0

3 years ago

Graphical Designs is offering 10-10 preferred stock. The stock will pay an annual dividend of $10 with the first dividend paymen

tresset_1 [31]

Answer:

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We will use the discounted cash flows approach to calculate the price of the stock today. This approach values the stock by accumulating the present value of all the expected future cash flows from the stock/asset.

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PV of the stock today = $115.83

6 0

2 years ago