Answer:
selling expense
Explanation:
The cost which is charged to manufactured a product is known as product cost
Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost
In mathematically,
Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost
The indirect cost is also known as manufacturing overhead cost.
The cost which is charged to manufactured a product is known as product cost
Answer:
In this scenario, the measures implemented by Congress will most likely create the fiscal cliff.
Explanation:
In managing an economy, agencies always try to find a balance between growth and inflation. In general, individuals always want a situation where there is economic growth, however if the growth is not controlled it can lead to cases of inflation where the prices of goods and services are too high. There are two major ways in which the economy can be brought to a balance, namely; fiscal policy and monetary policy. Fiscal policy deals with the use of incentive and laws by the government to control the economy. The incentives include; adjusting government expenditure and the taxes. On the contrary, monetary policy is utilized by the monetary authority to regulate the supply of money to the economy.
A fiscal cliff is the use of a combination of tax hikes and cutting expenditure across the board by government agencies to cause severe economic decline.The fiscal cliff was a concept that was to be effected in December of 2012, however, there was concern that using the two combinations might drive the economy which was already shaky to a detrimental end. On the other hand, predictions showed that going through with the idea would reduce the budget deficit considerably.
Answer:
$138,800
Explanation:
Particulars Amount
Net income $131,000
Add: Depreciation $38,500
Less: Gain on sale of plant ($12,500)
Add: Decrease in accounts receivable $11,100
Less: Increase in inventory ($26,500)
Less: Increase in prepaid expenses ($7,900)
Add: increase in account payable <u>$5,100 </u>
Net Cash in Operating Activities <u>$138,800</u>
Answer: $493.3
Explanation:
Kayla's average daily balance for April without new purchases will be:
We should note that she has opening balance of $600 for 14 days without purchase, $400 balance for 16 days from April 15-30. This will be:
= [($600 × 14) + ($400 × 16)]/2
= ($8400 + $6400)/30
= $14800/30
= $493.3
Answer:
Effect on income= $27.72 increase
Explanation:
Giving the following information:
Selling price per unit = $109
variable cost per unit = $67
Tax rate is 34 percent.
To calculate the effect on income for one more unit sold, we need to use the following formula:
Effect on income= contribution margin*(1-t)
Effect on income= (109 - 67)*(0.66)
Effect on income= $27.72 increase
