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3 years ago

Individual credit card balances for a decedent are listed on which schedule of form 706?

1 answer:

5 0

<span>Individual credit card balances for a decedent should be listed on Schedule K of form 706. Schedule K includes the debts of the decedent, including unpaid credit card bills, mortgages, liens, and other debts. A credit card balance belongs with these debts.</span>

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The average compound return earned per year over a multi-year period is known as the:

Sav [38]

The average compound return earned per year over a multi-year period is known as the geometric average return.

<h3>What is an Average Return?</h3>

An average return is a mathematical average value of a number of returns generated over a specific period of time. An average return helps in measuring the past performance or portfolio of an individual or government.

When an average compound return is earned per year over a multi-year period, then it is known as the geometric return of that individual or government.

Learn more about an Average Return here:

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4 0

2 years ago

Aspen Company estimates its manufacturing overhead to be $515,000 and its direct labor costs to be $515,000 for year 2. Aspen wo

Step2247 [10]

Answer:

COGS 3807 debit

FG 7896 debit

WIP 2397 debit

Factory Overhead 14,100 credit

--to record the underapplication of overhead--

Explanation:

overhead rate:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

$515,000 overhead / 515,000 labor cost = $1

each labor cost generates a dollar of overhead.

221,400 x 1 = 221,400 overhead in COGS

459,200 x 1 = 459,200 overhead in Finished Goods

139,400 x 1 = 139,400 overhead in WIP inventory

Total applied 820,000

Actual 805,900

Underapplied 14,100

Now we weight each concept and determiante the portion underapplocated in each concept

$\left[\begin{array}{cccc}Item&Value&Weight&Allocated\\COGS&221400&0.27&3807\\FG&459200&0.56&7896\\WIP&139400&0.17&2397\\&&&\\Total&820000&1&14100\\\end{array}\right]$

4 0

3 years ago

John manufactures household furniture. His start-up costs, including tools, plans, and advertising, total \$5000$5000dollar sign

scZoUnD [109]

Answer:

$5,000 + $350f

Explanation:

The computation of the production cost in dollars is shown

Here we use the equation form

The start up cost is $5,000

Labor, material cost $350

Now if he makes f pieces of furniture so, his production cost would be

= Startup cost + labor, material cost

= $5,000 + $350f

Hence, this is the answer and the same is to be provided

8 0

3 years ago

Because resources are scarce, if society produces more of one commodity, it has to sacrifice some amount of another commodity. T

ycow [4]

Answer:

C. the opportunity cost

Explanation:

The opportunity cost -

It refers to the amount of benefit received by the business , investors or an individual , during the process of selecting any alternative , is referred to as the opportunity cost .

These cost can be ignored very easily , in case not seen properly .

The opportunity cost can very well be used to any important and educational decisions for the betterment of the company or firm.

Hence , from the given information of the question,

The correct option is C. the opportunity cost .

8 0

3 years ago

Read 2 more answers

Last year, a toy manufacturer introduced a new toy truck that was a huge success. The company invested $2.50 million in a plasti

aev [14]

Answer:

P= 18

Explanation:

Giving the following information:

Fixed costs= 2,500,000 + 300,000= 2,800,000

Variable costs= 10 per unit

Estimated demand= 100,000 units

Break-even point= fixed costs/(P - variable cost)

100,000= 2800000/(P - 10)

100000*(P - 10)= 2,800,000

100000*P - 1,000,000= 2,800,000

100000P=1,800,000

P= 18

8 0

3 years ago