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Ivan
4 years ago
12

Raw material inventory appears on the

Business
2 answers:
rosijanka [135]4 years ago
5 0

Raw material inventory on hand is reported on the balance sheet and is considered a company asset.

frez [133]4 years ago
3 0

Answer:

d. both A and C

Explanation:

On the balance sheet as a current asset and on The COGM statement under the work in progress inventory

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What peripherals would you need to host a video conference?
Leto [7]
The answer would be C. Webcam, Speakers, and microphone.
5 0
3 years ago
Read 2 more answers
PA12.
Elan Coil [88]

Answer:

\left[\begin{array}{cccc}$unit sale&100000&90000&80000\\$sales revenue&3500000&3150000&2800000\\$COGS&&&\\$Material&900000&810000&720000\\$Labor&1000000&900000&800000\\$VMO&250000&225000&200000\\$FMO&80000&80000&80000\\$total&2230000&2015000&1800000\\$gross profit&1270000&1135000&1000000\\$V S and A&100000&90000&80000\\$F S and A&950000&950000&950000\\$operating income&220000&95000&-30000\\$tax expense&66000&28500&\\$net income&154000&66500&-30000\\\end{array}\right]

Explanation:

<em></em>

<em>We will cross-multiply the variables concept like sales revenues materials, labor and other</em>

I.G

<em>sales revenues for 90,000:</em>

3,500,000 / 100,000 x 90,000 = 3,150,000

<em>for 80,000:</em>

3,500,000 / 100,000 x 80,000 = 2,800,000

<em></em>

The fixed will remain at the same value between the relevant range so we do not change them.

For the tax expense  we will have to check which is the rate

for 220,000 operating income the tax expense is 66,000

we can solve for rate: 66,000/220,000 = 0.3 = <em>30%</em>

Now we will determinate the tax expense with that rate.

<em>NOTE</em> attached missing information

6 0
3 years ago
A principal objection to the straight-line method of depreciation is that it...(a)provides for the declining productivity of an
enot [183]

Answer: Option B

Explanation: Under the straight line method of depreciation, the value of the asset is divided equally to its useful life. It is computed as follows :-

=\:\frac{Cost\:-salavge\:value}{useful\:life}

NOW,

A. Straight line method as per the above equation provides for equal productivity.

B. Dividing the usefulness equally results in ignorance of change in the rate of asset use as the asset may be used less initially but more in later years.

C. As the expense from the method remains same and the actual value of the asset diminishes it results in higher rate of return.

D. Decreasing charge method charge depreciation on written down value whereas straight line charges t initial cost thus it gives higher write offs than decreasing charge.

6 0
3 years ago
Yuri Co. operates a chain of gift shops. The company maintains a defined contribution pension plan for its employees. The plan r
Sunny_sXe [5.5K]

Answer:

Date                   Account Title                      Debit           Credit

31 Dec.       Pension Expense                      $122,600

                   Unfunded pension liability                           $122,600

                   (To record the quarterly pension cost)

15 Jan.        Unfunded pension liability        $122,600

                   Cash                                                              $122,600

                   (To record the payment of accrued pension liability)

6 0
3 years ago
A restaurant kitchen contains a wall poster that shows, for each sandwich on the menu, a sketch of the ingredients and how they
Galina-37 [17]

Answer:

Either A or E (probably more A)

Hope this helps :)

6 0
3 years ago
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