Answer:
who knows??
Explanation:
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Explanation:
General Journal
April 18
Debit Short-term Investments 25,030
Credit Cash 25,030
(440x$56= 24,620+390) = 25,030
May 30 ,
Debit Cash 572
Credit Dividend Revenue 572
1.30×440= 572
Answer and Explanation:
The matching is as follows
1. In the absorption costing, the gross profit is on the income statement
2. The variable cost provided the useful report with respect for controlling cost
3. The fixed selling cost be the period cost in both the absorption & variable costing
4. In absorption costing, it required by GAAP
In this way it should be matched
hence, the same would be relevant and considered
Answer:
The company should buy the units because it will save $10,000.-
Explanation:
Giving the following information:
Make in-house:
Unitary variable cost= 2 + 8 + 6= $16
Avoidable fixed cost= $8,000
Buy:
Unitary cost= $15
<u>First, we will determine the total cost of each option:</u>
Make in house= 2,000*16 + 8,000= $40,000
Buy= 15*2,000= $30,000
The company should buy the units because it will save $10,000.-
Answer:
The taxable income is $13000
Explanation:
The sell by California resident = $10000
The taxable gains = $2000
Given interest rate = $1000
Since during the year total amount received is the return of principal, gains, and interest rate. Therefore total amount = 10000 + 2000 + 1000 = $13000
Thus, the total amount received during the years is California taxable income.
