<span>In a periodic inventory system, the quantity of ending inventory is determined by: a physical inventory count. Periodic inventory is an inventory system which records supplies periodically. This makes less hassle to the one doing the inventory since it does not require to take an effort much in tallying unlike in the perpetual inventory system</span>
Answer:
A.
Explanation:
The cost principle means that in accounting, any transaction is recorded at the historical purchase price.
A fair value is the amount at which an asset could be exchanged in an arm´s length transaction between knowledgeable and willing parties.
Revaluation of fixed assets is not allowed for GAAP.
An appreciated value is an increase in the value of an asset over time.
A market value is the price at which a product or service could be sold in a competitive, open market.
Answer:
The indifference point is 5,895 units
Explanation:
Giving the following information:
In-house:
Unitary variable cost= $11.5
Fixed cost= 30,000
Buy:
Unitary variable cost= $16.25
Fixed cost= 2,000
<u>To calculate the indifference point, we need to establish the total cost formulas for each option:</u>
In-house:
Total cost= 30,000 + 11.5x
x= number of units
Buy:
Total cost= 2,000 + 16.25x
x= number of untis
<u>Now, we equal both formulas and isolate x:</u>
30,000 + 11.5x = 2,000 + 16.25x
28,000 = 4.75x
5,895 = x
The indifference point is 5,895 units
Answer:
The correct answer for the following question is $1951.
Explanation:
FICA is know as Federal insurance contribution act, which is a federal law, that requires employer to withhold three distinct taxes from the wages of the employee. They're -
1) A social security tax which is 6.2%
2) Medicare tax which is 1.45%
3) Medicare surface tax of .9%, which is to be paid by a person who has income over $200,000
As the Asteria income is $25,500, she will not pay the last medicare surface tax, but she will pay both social security tax and medicare tax.
Social security tax = $25,500 x 6.2%
= $1581
Medicare tax = $25,500 x 1.45%
= $370
So the total amount withheld from her - $1581 + $370
= $1951
