Answer:
Logan Horse Ranch
The most accurate is:
e. None of the above are correct
Explanation:
Logan's payment to his brother, Luke, of $500 per hour, is not a reasonable business expense that can be deductible. Surely, $500 per hour is not a going rate for cleaning the horse stalls per hour. With Lucy doing grocery shopping for Logan, it does not resonate like an ordinary and necessary expense for the business. Therefore, options A to D are not correct. This leaves only option E as the most accurate.
Answer:
The cost of units transferred out during the month was:$ 99980
Explanation:
Mundes Corporation
Current Costs Added
Units Transferred Costs $ 90480
Materials =8700 * $ 4.7= $ 40890
Conversion= 8700* $5.70= $ 49590
Costs from Preceding Department (WIP beginning Inventory)= $ 9500
Total Costs= Costs Added + Costs from Preceding Department
= $ 90480+ $ 9500= $ 99980
The Costs of units transferred out is $ 99980
The current costs are added to the preceding costs to get the total costs of the units transferred out.
<span>a merchandise purchases budget replaces the production budget.
the manufacturing budgets are not applicable.</span>
Answer:
d)Tier 2
Explanation:
from the question we are informed about jones Manufacturing sells a part to Lear Corporation.Lear puts this part into a radio,which Lear then sells to Ford.From Ford's point of view, in this case Jones Manufacturing is tier 2. Tier 2 capital can be regarded as second layer of capital which serve as a required reserves of a bankIt contains revaluation reserves as well as hybrid capital instruments
