Answer and Explanation:
The classification is as follows:
1. Dividend of preferred stock paid - Financing activity
2. Purchase of the property for a future factory - Investing activity
3. Issuance of the common stock shares - Financing activity
4.Rise in accrued liabilities - Operating activity
5. Sell some old equipment - Investing activity
The following are expected to increase in the cash flow
1. Issuance of the common stock shares
2. Rise in accrued liabilities
3. Sell some old equipment
Increase inventory holdings - Operating activity
Sell a tract of land it has held for years - Investing activity
True. Investors can postpone or avoid income tax by investing through individual retirement accounts. Tax-deferred and tax-exempt retirement accounts are two most popular options for lowering tax obligations. Both forms of retirement accounts reduce total amount of taxes a person will pay throughout their lifetime.
Immediate tax deductions up to the full amount of contribution in tax-deferred accounts is allowed. Money in account continues to grow tax-free. Instead of offering tax reductions on donations, tax-exempt accounts offer future tax benefits.
Tax is not applied to retirement accounts. Maximizing contributions to both types of accounts can be the best tax-savings plan.
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<span>The tax rate of $.0815 in decimal can be expressed as 81.5 mills.
</span>one mill is one thousandth of a currency unit, or 0.001$. So 0.0815 in mills means we have to divide 0.0815 by 0.001
0.0815/0.001 = 81.5
Answer:
Total= 36,800 pounds
Explanation:
Giving the following information:
Sales (units ) - Production (units):
May: 20,000 - 19,000
June: 18,000 - 16,000
Two pounds of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs.
Purchases for May= production for the month + desired ending inventory - beginning inventory
Production= 19,000*2 pounds= 38,000 pounds
Desired ending inventory= (16,000*2)*0.2= 6,400 pounds
Beginning inventory= (38,000*0.2)= (7,600)
Total= 36,800 pounds
