Pretty sure a full time job is 45 hours
Answer:
<em><u>Julie's catering business
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Julie should use the model of sole proprietorship
<em><u>Explanation:
</u></em>
sole proprietorship, is the most useful business entity for Julie as she won’t loss the control of her business and can grow at her own pace because she would be the most important decision maker.
A partnership involves doing an alliance with another person or business then the control will be divided with others.
Finally, a corporation. needs the collaboration of more shareholders and the span of control will be broader as more persons will be involve in the decision-making process. "Corporations are not really run by their owners." because the people involved in the corporation must take decisions that are not consulted with the owners.
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<em><u>Terri tax-related services
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Terry should use the model of sole proprietorship
<em><u>Explanation
</u></em>
For Terri the sole proprietorship model is the most useful as well because he can grow to obtain recognition and enjoy the benefits of bigness
Answer:
Fixed overhead allocated to ending inventory= $96,000
Explanation:
Giving the following information:
Production= 48,000
Sales= 40,000
Fixed manufacturing overhead= $576,000
First, we need to calculate the unitary fixed manufacturing overhead:
Unitary fixed manufacturing overhead= 576,000/48,000= $12
Fixed overhead allocated to ending inventory= 12*8,000= $96,000
Answer:
$24,000
Explanation:
Cash from credit sales is collected with passage of time. Some amount is collected with the sale and some after the sale period. The cash collection for the current month may include the collection against the prior periods sales.
Cash Collection Schedule is prepared in an MS Excel File which is attached with this answer, Please find it.
Answer:
Depreciation = 11,760
Explanation:
given data
purchased = $60,000
freight charges = $2,800
installing and testing = $8,000
salvage value = $12,000
time period = 5 year
solution
we get Cost of Equipment that is
Cost of Equipment = 60,000 + 2,800 + 8,000
Cost of Equipment =70,800
so Depreciation will be here
Depreciation = Cost of Equipment - salvage value ÷ time period
Depreciation = 
Depreciation = 11,760