1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erma4kov [3.2K]
3 years ago
5

The Hill Company reported the following results:

Business
1 answer:
krok68 [10]3 years ago
8 0

Find the attachments for complete answer

You might be interested in
What is the payback period for a project with an initial investment of $180,000 that provides an annual cash inflow of $40,000 f
kotykmax [81]

Answer:

It will take 5.2 years to cover the initial investment.

Explanation:

<u>The payback period is the time required to cover the initial investment.</u>

year 1= 40,000 - 180,000= -140,000

Year 2= 40,000 - 140,000= -100,000

Year 3= 40,000 - 100,000= -60,000

Year 4= 25,000 - 60,000= -35,000

Year 5= 25,000 - 35,000= -10,000

Year 6= 50,000 - 10,000= 40,000

<u>To be more accurate:</u>

(10,000/50,000)= 0.2

It will take 5.2 years to cover for the initial investment.

5 0
3 years ago
Katie wants to be successful in her selling career, so she strives to improve her _____ knowledge by working on her sales abilit
k0ka [10]

Answer:

B. selling-related

Explanation:

Here are the options to this question :

A. customer-related

B. selling-related

C. industry

D. technical

E. market-related

Katie wants to be successful in her selling career, so it is necessary for her to gain knowledge in the field she wants to be successful in. So, she should be improving her selling related knowledge

8 0
3 years ago
Renee paid $4,000 in mortgage interest on a $110,000 mortgage that was taken out when she bought her home several years ago. She
ruslelena [56]

Answer:

The amount that is deductible as interest expense for Renee in 2021 is:

= $4,000.

Explanation:

a) Data:

Home mortgage - $110,000

Interest on home mortgage = $4,000

Home equity loan for a cruise around the world = $130,000

Interest on the home equity loan = $8,000

Deductible interest expense for Renee in 2021 is $4,000

b) Usually, the interest expenses that a taxpayer pays on her home equity loan to enjoy a cruise around the world, on personal credit card, on automobile loan, and on other types of personal consumer finance interests are not tax-deductible.

4 0
3 years ago
True or False. A scope management plan is used to develop, confirm, and control a common understanding of the project between cu
NARA [144]

Answer:

True

Explanation:

the process of identifying and defining what actions are required to deliver a project's requirements

6 0
2 years ago
The Dougherty Furniture Company manufactures tables. In March, the two production departments had budgeted allocation bases of 4
Bezzdna [24]

Answer:

a. Manufacturing overhead rate - Department 100 = $57,500 / 4,000 hours = $14.375 per machine hours

Manufacturing overhead rate - Department 200 = $62,500/8,000 hours = $7.8125 per machine hours

b.  Journal Entries

S/N    Account Titles                         Debit           Credit

1       Inventory - Raw material          $110,000

             Account Payable                                     $110,000

2    Work in process                            $32,500

     Manufacturing overhead              $7,500

             Inventory - Raw materials                         $40,000

3    Work in process                            $52,500

     Manufacturing overhead              $11,000

              Materials control                                       $63,500

4      Manufacturing overhead            $17,250

               Leasehold payable                                    $16,250

               Utilities payable                                          $1,000

5.     WIP Control (14,375*800)            $11,500

                Manufacturing overhead allocation         $11,500

c. Particulars                               Dep 100     Dep 200   Total

Direct materials                           $32,500     $13,500   $46,000

Direct labour                                $52,500     $13,500   $106,000

Manufacturing overhead             $35,750     $18,750   $54,500    

(11,000+7,500+16,250+1,000

+9,000+4,750+3,750+1,250)

Total Cost of Job A                     $120,750   $85,750    $206,500

7 0
3 years ago
Other questions:
  • Charlie hayes owns his own landscaping business, including all the land on which they grow their plants, and all the equipment.
    8·1 answer
  • What are three risks your company might face if it participates in global trade?
    10·1 answer
  • Powell Company began the Year 3 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retain
    14·1 answer
  • Frank is a CPA who became interested in helping adults in some of the poorer neighborhoods file their taxes. He plans to start a
    13·1 answer
  • Residual Income The Commercial Division of Galena Company has operating income of $62,240 and assets of $228,000. The minimum ac
    6·1 answer
  • Two mutually exclusive alternatives are being considered.
    15·1 answer
  • Having completely reshaped the retail industry, Amazon’s recent decision to enter grocery business through its acquisition of Wh
    9·1 answer
  • Which of the following correctly explains the crowding-out effect?
    8·1 answer
  • Is the national interest a reliable source
    10·1 answer
  • Assume the following information for Windsor Corp. Accounts receivable (beginning balance) $140,000 Allowance for doubtful accou
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!