Answer:
Estimated manufacturing overhead rate= $7 per machine hour
Explanation:
Giving the following information:
Pinacle Corp. budgeted $700,000 of overhead costs for the current year.
Pinacle's plantwide allocation base, machine hours, was budgeted at 100,000 hours.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 700,000/100,000= $7 per machine hour
Answer:
(a) 0.99
(b) 0.96
(c) Apple has better liquidity
Explanation:
(a) Apple's current ratio:
= Current assets ÷ Current liabilities
= $ 75.91 billion ÷ $ 76.31 billion
= 0.99
(b) Apple's quick ratio:
= (Current assets - Inventory) ÷ Current liabilities
= ($ 75.91 billion - $ 2.45 billion) ÷$ 76.31 billion
= 0.96
(c) In January 2016,
Quick ratio = 0.66
Current ratio = 0.90
In comparison to H-P assets quality Apple has much better quality. Current ratio and quick ratio of apple is better than H-P which shows that apple has better liquidity than H-P.
Answer:
D.
Explanation:
D. All of the above.
A certified volunteer preparer should;
Make sure all questions on Form 13614-C are answered
Change "Unsure" answers to "Yes" or "No" based on a conversation with the taxpayer
Verify the return is within your certification level
before starting the tax return.
Convenience goods are usually located close to the checkout counter in grocery stores. Some examples are candy and magazines. Since a convenience good can be found easily, it does not require the buyer to go through the process of an intensive decision-making.<span> </span>
