Answer:
$5,000 ; $2,550
Explanation:
The computation is shown below:
For net income in year 1
= Reported net income + overstated inventory amount
= $3,000 + $2,000
= $5,000
For net income in year 2
= Reported net income - understated inventory amount
= $3,000 - $450
= $2,550
Therefore, the net income in Year 1 and in Year 2 is $5,000 and $2,550 respectively.
Answer:
predetermined overhead rate: 14.51 dollars per labor hour
applied overhead at 18,500 hours: 268,435 dollars
Explanation:
we distribute the expected overhead over the cost dirver. In this case direct labor hour:
cost driver: labor hours:
labor cost: 231,322 / 12.71 labor rate = 18,200 labor hours
<u>expected overhead:</u>
depreciaiton 53,500
supervisor 135,000
supplies 42,900
property tax 32,750
total overhead 264,150
overhead rate: 264,150 / 18,200 = 14,51373626373626 = 14.51/hr.
applied: 18,500 x 14.51 = 268.435
Social media offer a way for brands to invite consumers to engage and interact while they develop shareable content.
<h3 /><h3>
What is a Brand?</h3>
A brand is an intangible marketing concept that helps people identify a company, product, or individual. People often confuse brands with things like slogans, or other recognizable marks, which are marketing tools that help promote goods and services.
Thus, Social Media plays a vital role in encouraging a brand, and through social media, brands can seed many forms of content in social communities as they try to boost engagement and sharing.
Learn more about Brand here:
brainly.com/question/22068280
#SPJ1
Answer:
$720
Explanation:
Given that,
Principal = $36,000
Rate = 6% per year
Note issued by West carried an 18-month term.
Time period: 1st September to December = 4 Months
Interest expense = Principal × Rate × Time period
= 36,000 × 6% × (4 ÷ 12)
= $720
Therefore, the amount of interest expense appearing on West's 2016 income statement would be $720.
Chill/Sleep mode... I think errr
