Answer:
$123,400
Explanation:
Calculation to determine what amount on the January pro forma income statement
Freight-out $5,000
(20,000 units x 0.25)
Depreciation on Admin. Equipment $10,000
Sales and Admin Sal. $46,400
[$40,000 + (.02 x $320,000)]
Advertising $12,000
Lease $45,000
Miscellaneous $5,000
Total $123,400
Therefore what amount on the January pro forma income statement is $123,400
This is very much factual
Answer:
Finished goods inventory final balance= 12, 495
Explanation:
PRODUCTION COST COMPONENTS
- Direct materials 12,385
- Direct work 10,600
- Lease and utilities 9,600
TOTAL PRODUCTION COST = 32,585
TOTAL UNITS PRODUCED = 6,650
UNIT COST= (Total Production Cost / Total Units Produced) = 32,585 / 6,650 = 4.9
FINAL GOODS INVENTORY = (Total Units Produced – Total Units Sales) = 6,650 – 4,100 = 2,250
FINAL GOODS INVENTORY AMOUNT = (Final goods Inventory * Unit Cost) = 2,250 * 4.9 = 12,495
Answer:
I believe that your question is missing a couple of options. I searched for similar questions and they all included the one option I am looking for (see attached image):
If the budget is continuously updated, checked and revised every quarter, and the company's tax year ends December 31, then the next first quarter is going to be January - March. This means that at the end of March, the budget will be revised and updated, and these changes will apply to the following year which stars on April 2017 and ends on March 2018.
The correct option would be:
- April 2017 to march 2018.
In order for option A to be correct, the company's tax year should end on October. For option B to be correct, the tax year should end on November. Finally, for C to be correct, the tax yer should end on August.
Answer: A. True
Explanation:
Theory X can be linked to the theory of supply and demand, which simply translates to individuals buying more of a particular good if their income rises. This theory led to the concept of "normal goods", this are simply the goods people buy more once their income increases.
This theory can be falsified using empirical observation: a study can be made, to verify if purchasing habits are directly linked or related to income or earnings.
