Answer:
$75,000
Explanation:
Accounts Payable = $60,000
Salaries and Wages Payable = $15,000
Mortgage Payable = $85,000
Total Liabilities = $160,000
Current liabilities operating liabilities are a significant part of the accounts of the company.
The total dollar amount of liabilities to be classified as current liabilities:
= Accounts Payable + Salaries and Wages Payable
= $60,000 + $15,000
= $75,000
Answer:
Please check the attached image for time line
Explanation:
A time orders series of event in a chronological order.
Because the tenant is paying money, it is cash outflow and thus would have a negative sign in front of it.
I hope my answer helps you
<span>Total itemized deductions must be “greater than the standard deduction” in order to reduce the tax liability.
Itemized deductions are the personal expenditures which can be deducted from the adjusted gross income (AGI) when the taxable income is determined.
Standard deduction is a blanket deduction which depends on the tax-payer’s age, filing status and other factors. It is taken by a taxpayer whose itemized deductions are comparatively small.
To avoid the itemizing deductions, an individual can chose to take the standard deduction, which is a flat amount.
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Answer:
Costs of goods available for sale is $110,250
ending inventory is $27,950
Explanation:
Cost of goods available comprises of the opening stock of inventory plus purchases minus the goods returned as well as purchases discounts plus the cost of transportation in-cost
Costs of goods available=$40,000+$75,000-$5000-$750+$1000=$110,250
ending inventory is calculated as the difference between costs of goods sold and costs of goods available for sale
costs of goods sold is $82,300
costs of goods available is $110,250
ending inventory=$110,250-$82,300=$27,950
Answer:
Results are below.
Explanation:
<u>First, we need to calculate the number of units produced:</u>
Number of units= total cost/ average unitary cost
Number of units= 2,500 / (20 + 30)
Number of units= 50 units
<u>Now, the total variable cost:</u>
Total variable cost= 50*20
Total variable cost= $1,000
<u>Finally, the fixed costs:</u>
Fixed cost= 50*30
Fixed cost= $1,500
