Savings accounts are limited in their transactions. how many transactions and what law

The opportunity cost of studying for an economics test is: negative, since it may improve your grade. zero, because you knew whe

defon

What. -_- ?????????????

8 0

2 years ago

On July 16, 2017, Logan acquires land and a building for $500,000 to use in his sole proprietorship. Of the purchase price, $400

SashulF [63]

Answer:

A.Land $100,000

Building 400,000

B.Land $100,000

Building 395,292

Explanation:

a. Logan's adjusted basis at acquisition date will be the cost of the land and that of the building which is:

Land $100,000

Building 400,000

b. What will be Logan adjusted basis at the end of 2017 :

Land will be: $100,000

Building will be :395,292

($400,000 − $4,708)

Thus the Depreciation is a capital recovery.

4 0

3 years ago

Which accounting principle states that a company should record revenues when they provide goods and services to customers?

EastWind [94]

Revenue Recognition Principle

An accounting principle that states that a company should record revenues when they provide goods and services to customers.

5 0

3 years ago

What is the relationship between triple bottom line and social responsibility

lianna [129]

Triple bottom line is a framework for reporting material benefit, and this reporting has to be done transparently because of the corporate social responsibilities. This transparent reporting is a part of the triple bottom line.

6 0

3 years ago

Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to

Yuliya22 [10]

Answer:

a. Compute the predetermined overhead rate for each department. (Round answers to 2 decimal places, e.g. 10.25.)

Predetermined Over head rate=Estimated Manufacturing Cost/ Estimated Hours (machine hours for K Deptt)

Predetermined Over head rate Department D = 990,000 + 1237500/150,000 = 2227,500/ 150,00= 14.85

Predetermined Over head rate Department E= 1750,000+ 1875,000/125,000 = 3625/125,000= 29

Predetermined Over head rate Department K = 1080,000 + 675,000/120,000= 14.625= 14.63

b. Compute the total manufacturing costs assigned to jobs in January in each department. (Round answers to 0 decimal places, e.g. 2,500).

Department D Total Manufacturing Costs assigned= 14.85 * 12,000=

$ 178200

Department E Total Manufacturing Costs assigned= 29* 16,500= $478,500

Department K Total Manufacturing Costs assigned= 14.63 *10,410=

$ 152, 298.3 = $ 152,298

Total Manufacturing Costs incurred = Direct Material + Direct Labor+ Manufacturing Overheads

Department D = $ 210,000 + $140,000 + $148,500= $ 498,500

Department E= $189,000+ $65,000 + $ 168,000= $ 422,000

Department K = $117,000+ $56250 +$ 118,500= $191,750

c. Compute the under- or overapplied overhead for each department at January 31. (Round answers to 0 decimal places, e.g. 2,525.)

Department D = Actual - Assigned= $ 498,500 - $ 178200= $ 320,300 unfavorable

Department E= $ 422,000 - $478,500= $ 56,500 favorable

Department K = $191,750 - $ 152,298= $ 39,452 unfavorable

4 0

3 years ago