Based on the incomes and the values of the finished goods, the income for the past three years would be:
- Year 1 = $131,410
- Year 2 = $126,450
- Year 3 = $133,340
<h3>Income in year 1</h3>
This can be found by the formula:
= Variable income + Ending finished cost - Beginning finished cost
= 124,000 + (1,900 units x 3.90 fixed overhead per unit) - 0
= $131,410
<h3>Income in year 2</h3>
= Variable income + Ending finished cost - Beginning finished cost
= 128,400 + (3.90 x 1,400) - (1,900x 3.90)
= $126,450
<h3 /><h3>Income in year 3 </h3>
= Variable income + Ending finished cost - Beginning finished cost
= 132,950 + (1,500 x 3.90) - ( 3.90 x 1,400)
= $133,340
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Answer:
Jane will arrive at an estimate of the value of her seller’s property by calculating the average for the 3 comparable adjusted values that she has obtained.
This means that the value of the property should be around $292,167.
Explanation:
a) Data and Calculations:
Adjusted values of:
Comparable 1 = $289,500
Comparable 2 295,700
Comparable 3 291,300
Total values = $876,500
Average value = $292,167 ($876,500)
b)A comparative market analysis (CMA) is a series of steps followed to estimate a property's value based on some recently sold and similar properties at same locations as the property being offered for sale or purchase. It is used by the real estate agents and brokers to create their CMA reports, which help the real estate sellers to set the best listing prices for their properties. It is also used by buyers to help them make competitive offers for homes on sale.
Employee Benefit refers to the division of a company's profits among its workers.
Employee perks, also known as fringe benefits, perquisites, or perks, refer to various forms of non-wage remuneration given to employees in addition to their regular earnings or salaries. Employee perks, particularly in British English, also refer to rewards in kind.
Salary packaging or salary exchange arrangements are situations where an employee trades in (cash) compensation for another type of perk. The majority of employee benefits are at least partially taxable in most nations. Housing (provided by the employer or paid for by the employer), furnished or not, with or without utilities free, group insurance (health, dental, life, etc.), disability income protection, retirement benefits, daycare, tuition reimbursement, sick leave, and paid vacation are some examples of these benefits.
Learn more about Employee Benefit here.
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Answer:
The whole of the $480,000 gained
Explanation:
Barney and Betty are selling their home for $660,000 and the cost incurred is $180,000. Their net profit is 660,000-180,000= $480,000.
However Barney and Beth have lived in the house for 18 months, they have not stated for up to two years, so they do not meet the two year ownership and use test.
All of the gain on the sale will be included as gross income. That is the whole $480,000 gained.