Answer:
A. Gain on Disposal will be credited
Explanation:
In this question we have to compare the purchase price and sale price per share which is shown below:
The Purchase price per share would be
= Total amount invested ÷ number of shares acquired
= $24,000 ÷ 5,000 shares
= $4.8 per share
And, the sale price per share would be
= Total amount ÷ number of shares sold
= $13,250 ÷ 2,000 shares
= $6.625 per share
Since the sale price per share is higher than the purchase price per share which reflects the gain.
Answer:
During the first year, the marginal cost equals approximately the minimum EUAC cost. This is why the minimum cost of EUAC to maintain the defender throughout the year is $21,000. Since the minimum EUAC cost to maintain the defender the first year is less than the minimum EUAC cost to the challenger, the defender should not be substituted. This means, it is not economically feasible to make the replacement at this time.
Explanation:
According to the exercise, it is necessary to evaluate to know if it is economic to replace the defender by the challenger. For the calculation, the defender's information is: the defender's market value up to $3000. The expenses are $20000. The information regarding the challenger is: the installation cost $30000, the annual expenses $ 16000, the surrender value $ 2000, the economic life is 12 years, and the interest rate before taxes is 15%.
The minimum EUAC for the challenger is equal to:

The minimal cost is equal to:

Answer:
The predetermined overhead rate for May should be: $18.70 per direct labor hour
Explanation:
Predetermined Overhead rate is the rate that is used to allocate Overheads to Departments or Jobs.
<em>Predetermined Overhead rate = Budgeted Overheads / Budgeted Activity</em>
= $134,640/7,200
= $18.70 per direct labor hour
Answer: D. $600 included in Ned's medical expenses
Explanation:
The amount that Ned can include in his itemized deductions will be the $600 that's included in Ned's medical expenses.
It should be noted that the medical expenses will be under the itemized deductions. On the other hand, the other options will be under the miscellaneous itemized deductions. Therefore, the correct option is D.