Answer:
See below
Explanation:
1. Classify each of the products as period or product cost .
Direct materials - Product cost
Direct labor - Product cost
Manufacturing overhead - Product cost
Selling expense - Period cost
2. The total product cost for last month is calculated as;
= Direct materials + Direct labor + Manufacturing overhead
= $8,000 + $3,100 + $2,500
= $13,600
Therefore, total product cost for last month is $13,600
They should sell the info and make that cash cash money
Answer:
b. Barb is correct. The agreement must be in writing to be enforceable.
Explanation:
For a contract between two parties to be enforceable, it will need to be verifiable. A phone conversation that involves verbal agreement can be denied by either party. So it is most preferable when contracts are on written form.
In this instance Andy had the following conversation and there was conflict in the agreement between the parties.
Andy: "This is to confirm our telephone conversation of earlier today. 200 lbs. of T-bone at $2.89 per pound." Barb: "Yes, but that's 100 pounds at $2.99." Andy: "Too late, we already reached agreement by phone." Barb: "Too bad, it wasn't in writing."
Of the agreement had been in writing then it would have been enforceable on Barb.
Answer:
if parents didnt exist we wouldn't exist- but um we would be able to do anything we want but we gotta raise ourselves
Answer:
Avoids the double taxation of C corporations
Explanation:
Double taxation occurs when an organization is made to pay their income taxes two times. This means that the tax is paid both on a personal level and on a corporate level.
This type of taxation puts a strain on the amount of profit that is realised as the corporation is mandated to pay income tax twice after which the remaining amount of profit is distributed to its partners.
Limited liability company do not make such double taxation payment as this type of business is arranged as a flow-through-organisation, this means that the profits comes straight to the shareholders.
This does not mean that they are exempted from tax payment. In a limited liability company taxes are paid only on a personal level.
