Answer:
Lamination= $50,000
Explanation:
Giving the following information:
Metro Inc. has two production departments:
Lamination and Molding
Three service departments:
Human Resources, Technology Support, and Purchasing.
The $200,000 costs of Human Resources are allocated based on the number of employees in each production department.
The Lamination department has 40 employees.
The Molding department has 120 employees.
Proportion of employees:
Lamination= 40/160= 25%
Molding= 120/160= 75%
Allocation:
Lamination= 200,000*0.25= $50,000
Molding= 200,000*0-75= $150,000
I’d say it’s wisdom s it’s something you’ve learnt through experience
Answer:
Retained earnings on the December 31, 2019: $253,000
Explanation:
Ending balance in retained earnings is calculated by using following formula:
Ending balance in retained earnings = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends
Grizzly Company had Retained Earnings at December 31, 2018 of $210,000. Beginning balance in retained earnings at January 01, 2019 is $210,000
Net income = Revenues - Expenses = $410,000 - $355,000 = $55,000
Ending balance in retained earnings = $210,000 + $55,000 - $12,000 = $253,000
Answer:
c. IRS rules allow the taxpayer to specify which shares being sold
Explanation:
As eahc method will make the capital gain or loss to differ the Internal Revenue Service leaves to the stockholder to decide the method
The default method is the FIFO method which states the first shares purchased are the first sale but, leaves choise to the stockhodler to use specific identification which, is what the statement correctly points out.
The method are not "required" but allowed as the stockholder see fit.
Answer: Deficit
Explanation:
The current account shows the difference between imports and exports as well as net income from outside.
If this balance is zero, it means that imports are equal to exports and income sent abroad equals income recovered from abroad.
If real income in the US was to increase, people would demand more goods and services including more imports. This will shift the current account to a deficit as the imports will surpass the exports.
