Answer:
What are you talking about what is the rest of the question-to make it more since.
Answer:
$1,490,000
Explanation:
Given that,
Direct Material used = $795,000
Wages to Line workers = $270,000
Indirect Materials used = $425,000
Total product cost for the year:
Direct Material used + Wages to Line workers + Indirect Materials used
= $795,000 + $270,000 + $425,000
= $1,490,000
Therefore, the total product costs for the year is $1,490,000.
Answer:
The answer to the following question is $4000.
Explanation:
Dowdy which is a C corporation, has a total of $14,000 in capital gain, in which $8000 comes from sale of tract land and rest of $6000 comes from sale of stock. And the company also has a capital loss of $18,000. So here the company is having a long term capital loss of $4000 ( $18,000 - $14,000 ), and this C corporation can deduct this long term capital loss from their taxable income ( the year in which loss was incurred ) . If in a situation, loss is not deducted from this year , then it can be carried 3 years or 2 years or even 1 years back and if there is capital gain , it can be deducted from it.
Answer:
Results are below.
Explanation:
<u>Giving the following information:</u>
Selling and administrative expense $90,000
Depreciation expense 75,000
Sales 621,000
Interest expense 46,000
Cost of goods sold 231,000
Taxes 50,000
<u>With the information listed above, we need to make an income statement following the structure below:</u>
<u></u>
Sales= 621,000
COGS= (231,000)
Gross profit= 390,000
Selling and administrative expense= (90,000)
Depreciation expense= (75,000)
Interest expense= (46,000)
Eearning before taxes (EBT)= 179,000
Taxes= (50,000)
Net operating income= 129,000
Answer:
Working capital = Current assets - Current liabilities
= $617,000 - $233,000
= $384,000
Explanation:
Working capital refers to current assets minus current liabilities. It is the capital available for day to day running of a business.
