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3 years ago

Consumer protection laws are meant to:

Business

2 answers:

Marysya12 [62]3 years ago

4 0

B.Prevent unfair or deceptive business practices.

Afina-wow [57]3 years ago

4 0

B Prevent unfair or deceptive business practices

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Exercise 7-29 (LO. 6) Tim, a single taxpayer, operates a business as a single-member LLC. In 2018, his LLC reports business inco

Taya2010 [7]

Answer:

From 2018, there is a threshold limit of $250,000 defined by IRS for single:

(a) Tim has an excess business loss:

= Business loss - Threshold

= $350,000 - $250,000

= $100,000

(b) Tim may use $250,000 of the $350,000 LLC business loss to offset non business income.

The excess business loss is treated as the portion of the Tim's NOL carry forward.

Excess business loss of $100,000 will be treated as the NOL carryforward to subsequent years.

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3 years ago

MC Qu. 116 CWN Company uses a job order costing... CWN Company uses a job order costing system and last period incurred $90,000

ANTONII [103]

Answer:

65%

Explanation:

Calculation to determine its predetermined overhead rate for the next period should be:

Using this formula

OH rate = Estimated overhead next period/direct labor

Let plug in the formula

OH rate = $65,000/$100,000

OH rate = 65%

Therefore If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 65%

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3 years ago

At the beginning of 2013, Barcroft Co. estimated that its total annual fixed overhead costs would amount to $25,000. Further, Ba

Varvara68 [4.7K]

Answer:

b. Products were overcosted in 2013

Explanation:

When determining the cost of a product, we consider only the Overheads Applied.

Applied Overheads are calculated as :

Pre-determined Overhead Rate multiplied by Actual Activity

Predetermined Overhead Rate is calculated as follows :

Budgeted Overheads divided by Budgeted Activity

Predetermined Overhead Rate = $25,000/2,000 units

= $ 12.50 per unit

Applied Overheads = $ 12.50 per unit × 2,200 units

= $ 27,500

The Overheads Applied are then Compared to Actual Overhead Cost to determine is the Overheads where Over or Under Applied

Therefore our case presents the following:

Applied Overheads ($ 27,500) >Actual Overheads ($25,000)

Therefore, we have an Over-Application situation.

Over-Applied Overheads are $2,500

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3 years ago

Simple difinition of organized

svp [43]

Answer:

Make arrangements or preparations for (an event or activity)

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3 years ago

________ are the per-unit costs of production that will fluctuate depending on how many units or individual products a firm prod

postnew [5]

Variable costs are the per-unit costs....

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4 years ago