Answer:
Estimated manufacturing overhead rate= $38.25 per direct labor hour
Explanation:
Giving the following information:
Zephyros Corporation had estimated manufacturing overhead costs for the coming year to be $306,000. The total estimated direct labor hours for the coming year are 8,000
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 306,000/8,000= $38.25 per direct labor hour
Institutional investors are large investors who invest their own money as well as other people's money. Examples of these institutions include pension funds, mutual funds, insurance companies, and banks.
<h3>What do you mean by institutional investors?</h3>
A business or organization that makes investments on behalf of customers or members is known as an institutional investor. Examples of institutional investors include endowments, mutual funds, and hedge funds. Institutional investors are frequently under less regulatory scrutiny and are thought to be savvier than the common investor.
Institutional investors come in a variety of forms, including banks.
- Credit unions.
- Retirement plans.
- Insurance organizations.
- Hedging funds
- Funds for venture capital.
- Investment funds.
- Trusts that invest in real estate.
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Answer: Compare another period > Previous year (PY)
Explanation:
QuickBooks Online is an accounting service provided to small and medium businesses to help them with their accounting needs even with the most rudimentary of knowledge.
Should you want to view a client's income and expenses over the past two years, use the compare another period and then the Previous year option. The income and expenses will be shown for the current year and the last one making it 2 years.
Answer:
When tax season comes, he hires an accountant from one of "the Big Four" accounting firms to help him file his business's tax return. In this scenario, John has most likely hired a <u>Tax</u> Accountant
Explanation:
A Tax Accountant helps the individual or businesses that hire them fill out their tax forms properly, advise them about future financial moves that can affect their taxes and file taxes with the appropriate documentation electronically so that your clients receive their refunds as quickly as possible.
They can work as a direct employee or as an independent contractor who runs their own business.
They take charge of tax preparation and help your clients to lower their tax obligations when filing tax returns.
If an individual is audited, they handle this audit for them to ensure that the individual gets through the process unharmed.
Answer:
$8.23 per share
Explanation:
Total funds received by Turbo = (3.03 million shares x $ 7.65 per share) - $230,000
= $23,179,500 - $230,000 = $22,949,500
Gross Proceeds = Net Proceeds + Underwriter's Spread
Gross Proceeds = (Gross Proceeds * 0.07) + $7.65 per share
(Gross Proceeds – 0.07 Gross Proceeds) = $7.65 per share
Factorize gross proceeds mathematically to get
Gross Proceeds (1-0.07) = $7.65 per share
Gross Proceeds (0.93) = $7.65 per share
Gross Proceeds = 
Gross Proceeds = $8.23 per share
