Addition to Retained Earnings will be the amount will be Net Income as calculated using the above information:
Net income will be calculated as below:
Sales...........................................................$680000
Less: Cost of Sales.................................$342000
Less: Depreciation..................................$86000
Less: Interest Expense.........................$53000
Earnings Before Tax...............................$199000
Less [email protected] 23%.........................................$45770
Net Income..............................................$153230
Thus Income of $153230 will be added to Retained earnings and Cash dividend of $40000 will be reduced from therein.
Explanation:
The ideal would be to create an advertising message that would bring value and engagement to the target audience that you want to reach, which in this case are young university students. Use more modern and informal communication, elements of youth culture, such as music, films and series, which add value to advertising to attract the desired audience.
It would also be important that advertising communication be carried out in colleges, through advertising on student radio or as a sponsor of sports games.
If the product is well aimed at meeting the needs of university students and has a positive response, in the future it can grow and be consumed by other students and thus become a product of value for young people.
$29760, overhead would be allocated to a job if it required total labor costing $24,000. Thus, option (a) is correct.
What is labor?
The term “labor” refers to the work involved in the provision of the services. Labor is the exchange of the services of money. Labor is an important part of the economy. Labor is to produce goods and services for the industry.
Determining the overhead:-
A company overhead application rate of 124%.
The total labor costing $24,000.
How much overhead = ?
Total overhead applied would be equal to
=(124% × $24000)
which is equal to
=$29760.
As a result, the overhead of labor are, $29760. Therefore, option (a) is correct.
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Answer:
It is characteristic of CAPITAL goods that they are not used up in the short run. A society can choose to SACRIFICE some quality of life now BY PURCHASING fewer consumer goods ANS SAVING MONEY in order to build up its stock of capital goods. This will lead to a HIGHER QUALITY OF LIFE and more consumer goods PURCHASED AND CONSUMED later on.
Explanation:
A consumer can choose between saving and spending money, that is measured by the marginal propensity to consume or the marginal propensity to save. Money that is spent now, will provide a certain satisfaction in the present, but nothing in the future. Money saved will not provide a certain satisfaction in the present, but should provide much more satisfaction in the future since it should grow as time passes.
Answer:
Year 1 = $949,620
Year 2 = $79,141
Year 3 = $65,956
Explanation:
The depreciation expense for the year using the double-declining-balance method is calculated as :
Depreciation Expense = 2 x SLDP x BVSLDP
where,
SLDP = 100 ÷ number of useful life
= 100 ÷ 12
= 8.33 %
therefore,
Year 1
Depreciation Expense = 2 x 8.33 % x $570,000
= $94,962
Year 2
Depreciation Expense = 2 x 8.33 % x ($570,000 - $94,962)
= $79,141
Year 3
Depreciation Expense = 2 x 8.33 % x ($570,000 - $94,962 - $79,141)
= $65,956