Which of the following refers to the strategic process of distributing, promoting, and pricing products, and discovering the des
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Answer:
A: $20,213
Explanation:
Required Inventory at end of June = 200 pounds
Leftover inventory from May = 80 pounds
Jars sold in June = 134 cases x 14 jars/case = 1,876 jars
The total amount required for each jar is the sum of the amount per jar plus wastage and spoilage:
The total amount of pounds needed to be bought in June is the weight required for all the 1,876 jars, plus the required Inventory at end of June minus the leftover inventory from May:
The reported amount for direct materials purchase budget (DM) for peach jam is given by:
Answer: Jill earned a profit of $3000 on selling the shares she inherited. Since she sold the shares after holding it for more than one year (12 months), she should report the income as a long-term capital gain on her income tax return.
After her mother's death, Jill will inherit the 100 shares if Gotech inc at the fair market at the time of inheritance - 21st October 2015.
Her gain upon selling the shares on June 3 2018 is
Jill held on to shares for a little less than two years and eight months after inheriting them before she decided to sell.