Shipping cost per item: glasses 28, china 56, and dinnerware 84
(B) 3,500 boxes of china, 196,000 transportation cost
Explanation:\s(A)\shipping $14 a pound.
2 pounds times $14 equals 28 for a carton of glasses.
A box of daily dinnerware weights 6 pounds x $14 = 84 and a box of china weighs 4 lbs x $14 = 56.
(B) 3,500 pounds of china times 56 equals 196,000
<h3>What does "shipping cost" mean?</h3>
Costs associated with transporting cargo from Point A to Point B are commonly referred to as shipping costs. The cost of shipping may include a number of components, depending on the type of contract.
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Answer:
Dr Cash 254,430
Dr Discount on bonds payable 2,570
Cr Bonds payable 257,000
Explanation:
Preparation of the journal entry to record the sale of these bonds on March 1, 2022
Based on the information given we were told that Brothers Inc. issues the amount of $257,000 that includes 10-year and 8% bonds at 99 which means that the journal entry to record the sale of these bonds on March 1, 2022 will be :
March 1, 2022
Dr Cash 254,430
(257,000*99%)
Dr Discount on bonds payable 2,570
([$257,000*(100%-99%)]
Cr Bonds payable 257,000
(Being to record the sale of bonds)
Answer:
(A)Fv= $864.2
(B) Fv= $1302.05
(C) Fv= $2003.4
(D) Fv= $96817.21
Explanation:
Giving the following information:
Initial investment= $550
We will use the final value formula:
FV=Present value*(1+i)^n
(A) 9% compounded annually for 5 years.
Fv= 550*(1.09)^5=$864.2
(B) 9% compounded semiannually for 5 years.
Fv= 550*(1.09)^10= $1302.05
(C) 9% compounded quarterly for 5 years.
Fv= 550*(1.09)^15= $2003.4
(D) 9% compounded monthly for 5 years.
Fv= 550*(1.09)^60=$96817.21
Answer:
a. 100 units are ordered
b. Minimum Total annual cost = 80090
Explanation:
Given that,
D=2900.
C = $30 IF q<100
= $27 IF 100<Q<499.
= $26 IF Q>500.
C(H) = $30
C(O) = $10.
EOQ = √(2*D*C(O)/C(H))
= √( 2*2900*10/30)
= √( 1933.3333)
= 43.97
TAC if 44 units are ordered = (2*D*C(O)*C(H))+D*C
= 2*2900*10*30+ 2900*30
= 1319.09+ 87000 = 88319.09
TAC if 100 units are ordered = 2900/100*10+ 100/2*30+ 2900*27
= 29*10+ 50*30+2900*27
= 290+1500+78300
= 1790 + 78300 = 80090
if 500 units are ordered = 2900/500*10+ 500/2*30+2900*26
= 58+ 7500+75400= 82958.
∴ we get
100 units are ordered
Minimum Total annual cost = 80090.
Answer:
Protected assets:.
Pass-through taxation:
Tax-favorable characterization of income:
Straightforward transfer of ownership:
Cash method of accounting
Heightened Credibility:
Explanation:
The advantage S-Corporation have over all other forms of businesses is as follows:
Protected assets:. An S corporation protects the personal assets of its shareholders.
<em>Pass-through taxation</em>:An S corporation does not pay federal taxes at the corporate level. It is of benefit to businesses starting from inception
<em>Tax-favorable characterization of income</em>:S corporation shareholders can be employees and be paid as employees. They can also receive dividends from the corporation and distributions that are tax-free to the magnitude of their investment in the corporation
<em>Seemless transfer of ownership</em>: Ownership can be freely transferred to people legally
<em>Cash method of accounting</em>: They don't have to use the accrual method of accounting while other Corporations use that(except for small businesses)
<em>Heightened Credibility</em>: It helps to establish a strong credibility with business partners, employees, vendors