Answer:
Sales Revenue $811,419
Interest Revenue $12,690
Cost of Goods Sold $575,593
Administrative Expenses $189,840
Income Tax Expense $31,877
Dividends $18,984.
<u>Year end Closing Entries</u> Dr. Cr.
1.
Sales revenue $811,419
Interest revenue $12,690
Income Summary $824,109
2.
Income Summary $797,310
Cost of Goods Sold $575,593
Administrative Expenses $189,840
Income Tax Expenses $31,877
3.
Income Summary $26,799
Retained Earning $26,799
4.
Retained Earning $12,690
Dividend $824,109
Answer:
It is not in writing is the answer
Explanation:
<span>You have 20 days to file a motion to request a hearing for a violation of the TABC. If the motion is denied, the permitee then has 30 days to file an appeal. The District Court then has 10 days to set the date for the hearing for the appeal.</span>
Answer:
$175,000
Explanation:
Given:
Per unit cost of manufacturing = $4.50
Normal production rate = 50,000 units per year
Direct materials and direct labor costs = $2.50 per unit
Incremental overhead costs = $50,000 per year
Allocated fixed overhead costs = $50,000 per year
Quoted price = $3.70 per unit
Now,
total relevant cost per unit
= Direct materials and direct labor costs + (allocated fixed overhead costs ÷ Number of units to be made )
= $2.50 +
= $2.50 + $1
= $3.50
Therefore,
Total relevant cost of making 50000 units
= $3.5 × 50,000
= $175,000
Answer: An absolute minimum occurs at the x value where the function is the smallest, while a local minimum occurs at an x value if the function is smaller there than points around it (i.e. an open interval around it)