Answer:
<em>C. $11,000</em>
Explanation:
Logan have to pay $16,500 as taxes in military Gear Inc is a C corporation because ($75,000 x 22%). If it is S corporation then he have to pay $3750 as taxes (($75000 - $25000) x 22%).
So from above calculation he has to pay $11,000 more ($11250 - $3750).
Answer:
$310,000
Explanation:
The direct labor cost is equal to the wages of machine operators i.e $310,000 as it is directly related to the production units
Moreover, the selling and admin personnel is a period cost that includes the major part of selling and admin expenses, therefore, it would not be considered
Plus the direct labor cost comes under the product cost like direct material cost, direct labor cost, etc
Hence, the direct labor cost is $310,000
Answer:
Nervous system
Explanation:
The comparison was made due to the similarity of functions between information management and the nervous system in our body.
The nervous system in humans' body has the ability send signals to our cells in order to accommodate the things that are needed by our body.
Information management also has similar function within the company. Information management will collect the data from employees and analyze it. The result of the analytic will provide the decision makers with the list of things they need to do in order to achieve their goals. The decision makers then will formulate the plan and spread it to all employees so they can execute it.
Answer:
The petty cash journal entry is a debit to the petty cash account and a credit to the cash account. The petty cash custodian refills the petty cash drawer or box, which should now contain the original amount of cash that was designated for the fund. The cashier creates a journal entry to record the petty cash receipts he entry must show an increase in your Petty Cash account and a decrease in your Cash account. To show this, debit your Petty Cash account and credit your Cash account. When the petty cash fund gets too low, you must refill it to its set amount Count the money remaining in your petty cash account at the end of an accounting period. For example, assume your petty cash account has $550 remaining. Subtract the amount remaining from the account's original balance to determine by how much you need to replenish the account. A cash receipts journal is used to record all cash receipts of the business. All cash received by a business should be reported in the accounting records. In a cash receipts journal, a debit is posted to cash in the amount of money received. An additional posting must be made to balancing the transaction.
Explanation:
The Cost of Goods sold is $52,800.
Cost of goods sold refers to the all the costs that are directly associated with the production of a product. This includes cost of raw materials, direct labour and any other costs that are directly attributable to the production of a product.
Freight -in refers to transportation cost incurred at the time of the delivery of goods from a supplier.
Freight out refers to the cost of transporting goods from a supplier to a customer, and are borne by the supplier.
Both freight-in and freight-out are included in the Cost of Goods Sold of a business organization.