Answer:
a) $158.41
Explanation:
Unit product cost under absorption costing
= Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead / Total manufactured units
= (214,674 + 121,842 + 243,684 + 319,110) /29,010
= $899,310 / 29,010 unit
= $31 per unit
Ending inventory = $29,010 - $23,900 / $31
= $5110 * 31 per unit
= $158,410
Answer: Keeping a log of business expenses Ignoring earnings from a lawn mowing business (Tax evasion )
Not reporting interest earned on a savings account ( tax avoidance )
Keeping a log of contributions to a charity ( tax avoidance )
Not reporting tips Claiming your dependents as tax deductions ( tax evasion )
Explanation: by keeping a log of expenses and ignoring the income of a lawn business you are deliberately carrying out tax evasion because you are not declaring your total earnings and profits.
By not reporting interest earned on a savings account you are devising a means to pay a lower tax legally.
Keeping a log of donations to charity
this is a perfect example of tax avoidance because by donating to charity you are trying to avoid paying high taxes legally.
By not reporting tips earned you are trying to evade paying additional tax.
B. Usually when you engage in tax evasion you risk exposing yourself to greater cost, which usually higher than normal. Once discovered fine payable can be as much as three times the amount concealed.
Answer:
b. Lanham Act
Explanation:
Lanham Act -
According to this act ,
It governs the unfair competition , service marks and trademarks , is referred to as the Lanham Act .
Where Trademark , refers to the some symbol , logo , phrase or word , which act as an identity of the goods or services , and make the product to stand out from rest of the product .
Copying the same trademark is an illegal activity .
The Law was passed by Congress in year 1946 .
It is also called the Trademark Act 1946 .
Hence , from the given scenario of the question,
The correct option is b. Lanham Act .
Answer: Start = $300 million
End = $318.59 million
Explanation:
NAV can be calculated by dividing the funds Assets net of Liabilities by the total number of outstanding shares.
At start of the year NAV is $300 million and NAV per share is therefore,
= 300 million/ 10 million
= $30 per share.
Ending NAV
During the year the fund made Investments and increased by a price of 7%
= 300 million (1 + 0.07)
= $321 million
We still have to subtract the 12b-1 fees that the fund charges though and that would result in,
= 321 million * (1 - 0.0075)
= 318.5925
= $318.59 million.
Dividing this by the total number of outstanding shares we have,
= 318.59 /10
= $31.86
$31.86 is the NAV per share at year end.
Answer:
B. the sale of inventory and collection of receivables
Explanation:
- An operating cycle is best described as the time between the company's cash payment to the suppliers of inventories. The collection of the cash from the sales of the inventory to the customers and also suggests that the time of the business entity can be reported as time such as the quarters and in years.
