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sertanlavr [38]
3 years ago
9

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,500 of dir

ect materials and used $5,000 of direct labor. The job was not finished by the end of the month, but needed an additional $4,000 of direct materials and additional direct labor of $8,500 to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B?
Business
1 answer:
Norma-Jean [14]3 years ago
4 0

Answer:

18,500 WIP balance at September 30th

Explanation:

Job A3B

3,500 direct materials

5,000 direct labor

10,000 Overhead (200% of labor = 5000 x 200%)

18,500 WIP balance at September 30th

The cost added during October will be part of October calculation, on September we should work with September values.

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During 2018, businesses may elect to immediately expense up to $__________ of qualified real property placed in service that yea
alex41 [277]

Answer:

$1 million

Explanation:

Section 179 deduction of the IRS code was enacted to help small business owners take depreciation deductions for certain assets ( capital expenditure I.e. the money spent on acquiring and maintaining fixed assets such as buildings and equipments ) in one year rather than continuous depreciation over a long period of time.

The new law increased the maximum deduction from $500,000 to $1 million.

For example: lets say you buy a computer for your office, under section 179 you can deduct the full cost of your computer in one year. This a very okay because the life span of your computer is short

5 0
3 years ago
A real estate salesperson brings a buyer to a For-Sale-By-Owner transaction. The home sells for $120,000, and the seller agrees
sweet [91]

Solution:

The home sells for = $120000

The commission that is paid by the seller is 3 percent

Therefore, commission = 3% of $120000 = $3600

The sales-person is on a 65 percent commission schedule with her broker which means that the saleperson gets the 65 percent amount of the commission.

Thus, the amount which is received by the salesperson from the given transaction is = 65% of $3600 = $2340

Therefore, the salesperson receives $2340 amount from the said transaction.

8 0
3 years ago
Distancia de seguridad para un frenado que evite accidentes
Arturiano [62]

se debe dejar 10 metros de espacio con el vehículo que va adelante; entre 30 y 60 kilómetros por hora, se debe tener una distancia de 20 metros; entre 60 y 80 kilómetros por hora, se debe guardar una distancia de 25 metros y al circular a más de 80 kilómetros por hora, 30 metros.

Explanation:

:D

4 0
3 years ago
Terry is sending a letter to one of his most important clients about upcoming investment opportunities. He wants to make sure th
Anastasy [175]

The correct answer is choice c - complete.

Terry is writing a letter to one of his important clients, being sure to include all of the information that the client will need in order to make their investment decision. This is demonstrating the profession characteristic of being complete.

4 0
3 years ago
The following data were taken from Alvarado Company's balance sheet: Dec. 31, 2019 Dec. 31, 2018 Total liabilities $4,085,000 $2
Rudik [331]

Answer:

Dec. 31, 2019 Ratio to Liabilities to Owner's Equity = 0.95

Dec. 31, 2018 Ratio to Liabilities to Owner's Equity = 0.80

Explanation:

given data

Dec. 31, 2019

total liabilities = $4,085,000

Total owner's equity = 4,300,000

Dec. 31, 2018

total liabilities = $2,880,000

Total owner's equity =  3,600,000

to find out

Compute the ratio of liabilities to owner's equity

solution

we know that here Ratio to Liabilities to Owner's Equity is Total Liabilities divide Total Owner's Equity      ....................1

so

now put here value for both 2018 and 2019 from equation 1

so for Dec. 31, 2019

Ratio to Liabilities to Owner's Equity = \frac{4085000}{4300000}

Ratio to Liabilities to Owner's Equity = 0.95

and for Dec. 31, 2018

Ratio to Liabilities to Owner's Equity = \frac{2880000}{3600000}

Ratio to Liabilities to Owner's Equity = 0.80

6 0
2 years ago
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