Answer:
Randa Merchandising, Inc.
1. Indication of where each of the following income-related items for this company appears on its 2017 income statement.
Income Statement
1. Net Sales
2. Cost of goods sold
3. Depreciation expense
4. Income taxes expense
5. Gain on state's condemnation of company property, net of tax
6. Gain on sale of wholesale business segment, net of tax
7. Loss from operating wholesale business segment, net of tax
8. Loss of assets from a meteor strike, net of tax
Explanation:
Randa's income statement is prepared using a step-by-step approach. It starts with the net sales from which the cost of goods sold is deducted to arrive at the gross profit. Thereafter, the operating expenses are deducted to obtain the operating income. Based on this, income taxes are computed before arriving at the operating income after taxes. And then, the extraordinary items are disclosed (net of taxes) before arriving at the net income.
<span>Optimal procurement: input well-defined and measurable quality ... A type of exchange that occurs when the parties to a transcation have made specialized investments. .... make spot exchange an unattractivemethod of procurement due to ...</span><span>
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The answer is false.
A mandate is a formal order that is given by a higher authority to suggest change. As described in oxford's dictionary, mandate is an official order or commission to do something.
The total gains from trade are 66 dishes of pasta and 66 pizzas an hour.
Explanation:
A calculation of the net income from trade is the amount of the surplus of the customer and the earnings of the manufacturer or, more generally, the enhanced efficiency of the specialization of production with the subsequent export.
Trade gains can also apply to the net benefits of reducing barriers to trade, such as import tariffs, for a region.
To measure the income, take the price at which you sell the investment and deduct from it the price you originally charged for it. Now that you've got the income, split the income by the original value of the investment. Finally, subtract the response by 100 to adjust the percentage of your investment.
Answer:
Units completed= 38,400
Units in process= 5,600
Explanation:
Giving the following information:
Beginning inventory= 0
During January:
44,000 units started
30,000 completed
14,000 remained in the process
The ending inventory in the Mixing Department was 60% complete concerning conversion costs.
<u>To calculate the equivalent units under the weighted average method, we need to use the following structure:</u>
Weighted average:
Beginning inventory= 0
Units completed in the period= 30,000
Ending inventory WIP= 14,000*0.6= 8,400
Units completed= 38,400
Units in process= 5,600