Answer:
Bonus liability = 7% x $3,500,000
Bonus liability = $245,000
Explanation:
Since the pre-bonus net income is $3,500,000 and the bonus is 7% of the pre-bonus net income, then, the estimated bonus liability is 7% x $3,500,000 = $245,000.
The answer is down sloping, perfectly elastic. The demand curve for a firm in a splendidly focused market shifts altogether from that of the whole market.The advertise request bend inclines to descend, while the impeccably aggressive Association's request bend is a flat line equivalent to the harmony cost of the whole market.
Judiciary is the judicial authorities of a country; judges collectively.
Executive is the person or branch of a government responsible for putting policies or laws into effect.
Answer:
The correct answer is $ 103,000.
Explanation:
Conversion costs are the costs incurred for turning raw materials into finished products. If you add direct labor costs and manufacturing costs, the sum that you get will be the conversion cost. In other words, conversion costs equal the cost of production minus raw material cost.
So here Conversion cost can be calculated by adding labour and manufacturing cost. Raw material cost is not included in conversion cost.
Coversion cost = 33,000 + 70,000 = 103,000 dollars
