Answer:
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If a person has a house worth $100,000, a mortgage of $90,000, savings of $5,000, a car valued at $10,000, a $7,000 car loan, an
Ludmilka [50]
Answer:
$15,000
Explanation:
A person's net worth is the difference between their total assets and total liabilities.
In this case,
<u>Assets are </u>
House $100,000
Savings $5,000
Car $10,000
<u>Total assets</u>= $115,000
<u>Liabilities</u>
mortgage of $90,000,
car loan $7,000
credit card debt $3,000
<u>Total liabilities</u>= $100,000
Net worth = Total assets - Total liabilities
=$115,000 - $100,000
=$15,000
Diversifying. It is so that they can tap into other markets.
Answer:
Total cost= $930
Explanation:
Giving the following information:
Copy Center pays an average wage of $12 per hour.
Overhead rate= $18 per direct labor hour
Job M-47:
used $330 of direct materials and took 20 direct labor hours of labor to complete.
Total cost= direct material + direct labor + allocated overhead
Total cost= 330 + 20*12 + 20*$18= $930
Answer: Actual amount
Explanation:
Standard Costing deviates from traditional accounting in that it is not based on historical costs of a good. In standard cost accounting, the actual costs are put in place of standard costs and then the variance between the two will be recorded and used for analysis.
The debit to the Work in Process Inventory account under a standard cost accounting system will be the actual amount.
