Answer:
Explanation:
Basically, the product is passed from the two cycles to make a product ready to sell. They are:
1. Raw material inventory: It refers to a part of the product like - direct material, direct labor
2. Work in progress inventory: It shows the percentage of the work which is not complete and which is completed. How much work is in progress.
3. Finished goods inventory: The goods are ready for sell.
So, the journal would be:
Finished goods inventory A/c Dr $100,000
To Work in progress inventory $100,000
(Being transfer of finished goods recorded)
<u>Solution and Explanation:</u>
a $1080 – the amount is not deductible as it is a penalty for the violation
b $395- Half of the interest amount is not deductible
$395 is calculated as :(465 multiply with (1 minus (0.5 multiply with 0.3))
.
c $676 – the amount which is paid for the office supplies in the month of may in this year is Fully deductible (965 multiply with (1 minus 0.3)).
d $675- the amount which is paid for the several pairs of work boots is not deductible.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
Answer:
1. Expenses of the current period --> Period Cost
2. Applied overhead is more than actual overhead incurred -->
d. Overapplied overhead
3. Typically used by companies that make custom products -->
a. Job order cost system
4. Typically used by companies whose products are indistinguishable from each other. -->
b. Process cost system
5. Applied overhead is less than actual overhead incurred. -->
c. Underapplied overhead
Explanation:
1) as are not capitalzied throught an asset account are considered expense of the period
2) and 5) When we apply above then, there capitalization of cost that weren't incurred so we have to reduced.
When we apply below, we need to capitalize more
3) Job Order makes each job account for their materials and labor making more possible the itemization
4) process cost works with equivalent units to detemrinate the production of the period as it is constant the product from one bathc to another have no difference.
Answer:c
Explanation: you need to do more then just buy the computer