Answer:
Following are the solution to this question:
Explanation:
Calculating the cost of the product sold:
FIFO:
June 1: 23 units costing of 
each 
Aug 27: 23 units costing of each 
13 units costing of 
each 
Total cost of product sold
LIFO:
June 1: 23 units costing of each
Aug 27: 36 units costing of 
each = 540
Total cost of product sold 
Average cost:
June 1: 23 units costing of each
Aug 27: 36 units costing of 
each 
Total cost of product sold 
Answer:
Total taxable income = $245,000
Total Tax = $84430
Explanation:
given data
11% of first = $40,000 profits
22% of next = $26,000
39% of next = $29,000
42% of over = $95,000
gross revenues = $380,000
total costs = $120,000
allowable tax deductions = $15,000
to find out
taxable income for the first year and how much should the company expect to pay in taxes
solution
we get here first Total taxable income that is
Total taxable income = Total revenue - (Total cost + Tax deductions ) .......................1
put here value we get
Total taxable income = $380,000 - ($120,000 + $15,000 )
Total taxable income = $380000 - $135000 = $245,000
so total tax will be
Total Tax = [0.11 × 40000 + 0.22 × 26000 + 0.39 × 29000 + 0.42 × (245000 95000) ]
Total Tax = 4400 + 5720 +11310 +63000
Total Tax = $84430
The answer is true. Economics is a system invented to supply a certain demand from a population. But the underlying central issue is will the resources last to supply that demand.
Answer:
$15,000
Explanation:
In leo company books, the gain recognized would be $75,000 - $60,000 = $15,000 as they are selling the land $15,000 more than it initially cost them
Transparent, involved, & Empathetic
Transparent – The employees feel a sense of trust in a transparent culture, since they can express their thoughts.
Involved – in helps us employees who have the same shared interest since we are offered a lot of on the job learning and training programs
Empathetic – Our develops need to understand how the users are interacting with our software so can they can improve the product we are selling. When our managers recognize the concerns, they are most effective in that instance.
