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4 years ago

Which of the following is not a cost typically associated with owning a car?

Business

2 answers:

Tom [10]4 years ago

8 0

Your answer would be #3 - wear and tear fees

Ivanshal [37]4 years ago

3 0

Correct answer choice is:

C: Wear and tear fees

____________________________________________________________

Explanation:

Wear and tear is a loss that spontaneously and unavoidably happens as a consequence of natural wear or aging. It is practiced in a legitimate connection for such fields as guarantee commitments from corporations, which normally specify that suffering from wear and tear will not be incorporated. Rental car cost levied on transport use exceeding what is deemed rational (but never defined). It customarily includes both outside damage (such as dents and scrapes) and internal deterioration (such as filling spots). Also described extreme wear and use charge.

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Income Statement; Net Loss The following revenue and expense account balances were taken from the ledger of Acorn Health Service

suter [353]

Answer:

See below

Explanation:

Acorn Health Services Co.

Income statement for the year ended, January 31st

Service revenue $234,500

Expenses:

Depreciation expense

$16,900

Insurance expense

$8,280

Miscellaneous expense

$6,590

Rent expense

$68,300

Supplies expense

$4,060

Utilities expense

$26,030

Wages expense

$255,200

Total expense ($385,360)

Net income (loss) $150,860

7 0

3 years ago

Chuck has AGI of $71,600 and has made the following payments

kodGreya [7K]

Answer: $4,690

Explanation:

From the above, Chuck can include the following with his itemized deductions,

County Real Estate Tax,

School District Tax on Realty,

State Income Tax estimated Payments and

State income tax withholding.

Calculating the above,

= 950 + 670 + 1,010 + 2,060

= $4,690

the amount of taxes that Chuck can include with his itemized deductions is $4,690.

7 0

3 years ago

Which of the following is a limitation of the direct write-off method of accounting for uncollectibles? a) The direct write-off

kotykmax [81]

The answer is

d) All of the above

8 0

4 years ago

At the most basic level, a business is simply a device for

9966 [12]

A business is a device for the exchange of goods

3 0

3 years ago

Tamar Co. manufactures a single product in two departments. All direct materials are added at the beginning of the Forming proce

SOVA2 [1]

Answer:

Forming department

Process cost summary for May using the FIFO method

units $

INPUTS

Beginning WIP 3,500 $264,740

Started 23,850 $2,912,740

Total 27,350 $3,177,480

OUTPUTS

Transferred to Assembly 24,700 $1,312,805

Ending WIP 2,650 $126,813

Total 27,350 $1,439,618

Explanation:

Equivalent units of production

Materials = 3,500 x 0% + 21,200 x 100% + 2,650 x 100% = 23,850

Conversion Cost = 3,500 x 20% + 21,200 x 100% + 2,650 x 80% = 24,020

Cost per equivalent units of production

Materials = $636,100 ÷ 23,850 = $26.67

Conversion Cost = $636,100 ÷ 24,020 = $26.48

Total = $26.67 + $26.48 = $53,15

Cost allocated to units transferred and to those still in process

Transferred to Assembly = 24,700 x $53,15 = $1,312,805

Ending WIP = 2,650 x $26.67 + 2,120 x $26.48 = $126,813

8 0

3 years ago