Union dues, fees for tax return preparation, and other miscellaneous expenses are:

During 2015, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase t

Kaylis [27]

Answer:

Cost of Good Sold Using Fifo $40,570

Ending inventory using Fifo $3,600

Ending inventory Using Specific Identification can not be calculated as the total sales (555) exceeds the available inventory (510)

Explanation:

8 0

3 years ago

When buying groceries, Suki swipes a card to electronically subtract money from her checking account to pay. She is essentially

9966 [12]

Answer:

A. a debit card

Explanation:

5 0

2 years ago

Clampett, Incorporated, converted to an S corporation on January 1, 2020. At that time, Clampett, Incorporated, had cash ($40,00

lana [24]

Answer:

$2,100

Explanation:

Particulars Fair market value Basis Differences

Inventory $60,000 $30,000 $30,000

Account receivables $40,000 $40,000 $0

Equipment $60,000 $80,000 ($20,000)

Taxable gain $10,000

Tax rate 21%

Built in gains tax $2,100 

So therefore, the built-in-gains tax that Clampett (Incorporated) will pay in 2021 is $2,100.

3 0

3 years ago

Which of these lenders would be least likely to approve a short sale? unset starred question conventional lenders credit unions

Semenov [28]

Junior Lenders would be least likely to approve a short sale.

What is a junior interest?

Junior Interest means a performing junior participation interest in a stabilized or transitional senior commercial, multifamily fixed or floating rate mortgage loan secured by a first lien on multifamily and commercial properties or a subordinate portion of a Senior Mortgage Loan evidenced

Is a take out loan the same as junior mortgage?

A junior mortgage is a second mortgage loan that you take out against your home's equity using the property as collateral. A junior mortgage assumes that you already have a mortgage that's also secured by the home. A junior mortgage forms a second lien against the property.

Learn more about junior lender:

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4 0

2 years ago

An engineering firm measures its output in standard service hours (SSH) per unit, which is a function of the skill levels of its

tatyana61 [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The variable cost is $60 per SSH and the fixed cost is $2,000,000 per year. The firm charges $100 for each service per hour. Assume the maximum hours the firm operates (that is the output) is 170,000 per year.

1) To calculate the break-even point, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 2,000,000/ (100 - 60)

Break-even point in units= 50,000 hours

2) %of hours= (50,000/170,000)*100= 29.41%

3) Fixed costs= $1,800,000

Break-even point in units= 1,800,000/40

Break-even point in units= 45,000 hours

The number of units required to cover for fixed costs diminished by 10%.

4) Selling price= $110

Break-even point in units= 2,000,000/(110 - 60)

Break-even point in units= 40,000 hours

The number of units required to cover for fixed costs diminished by 20%.

5) In generals terms, it is easier to increase the selling price compared to decreasing fixed costs. In this case, the best option is to increase the selling price. The effect on income and the break-even analysis is higher than decreasing fixed costs.

3 0

4 years ago