'Actual Tigers Company'
Total Assets
$100,000
Stockholder Equity: $30,000
$100,000 - $30,000 = $70,000
$70,000 + $30,000 = $100,000
Total Assets - Equity = $70,000 (total liabilities)
$70,000 + Equity = $100,000 (total assets)
In accounting if we minus the total assets ($100,000) with equity ($30,000) it will always give the "total liabilities" which is (70,000)
Then, adding the "total liabilities" ($70,000) with the equity ($30,000) equals $100,000 equal like as the "total assets"of $100,000
The total assets MUST match the total liabilities. If they don't match then either the calculation of the total assets are inaccurate or the numbers are estimated wrong to recalculate.
Answer:
Diversity
Explanation:
Team diversity means a team composed people who can be distinguished on factors like gender, age, demography, culture, range of skill set , nationality, religious and social background. Diversity is promoted in team to promote innovation, efficiency and improved performance as each member complements other with his/her unique attribute.
Since, as Systech corp, team is composed of people with different nationality and diverse skill, it can be rightly said that such team is example of team diversity based on above mentioned definition of team diversity.
Answer:
$278,000
Explanation:
Given the above, cost of goods manufactured is computed as
= Direct materials + Direct labor + Applied overhead + Beginning work in process - Ending work in process
= $40,000 + $100,000 + $120,000 + $30,000 - $12,000
= $278,000
Cost of goods manufactured is $278,000
Answer:
Fixed costs= $9,021.27
Explanation:
Giving the following information:
April 922 $ 17,912
May 983 $ 18,300
June 928 $ 17,965
July 912 $ 17,810
August 934 $ 17,994
September 919 $ 17,880
October 936 $ 18,032
November 876 $ 17,290
December 915 $ 17,838
<u>To calculate the variable and fixed component, we need to use the following formulas:</u>
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Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (18,300 - 17,290) / (983 - 876)
Variable cost per unit= $9.4392
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 18,300 - (9.4392*983)
Fixed costs= $9,021.27
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 17,290 - (9.4392*876)
Fixed costs= $9,021.27
