Answer:
The $302,500 is the amount of tuition revenue should the college recognize on February 28
Explanation:
The calculation of amount of tuition revenue should the college recognize on February 28 is computed below:
= Total Amount Received ÷ Number of months
= $1,210,000 ÷ 4
= $302,500
Since the amount of tuition revenue is given for four months and we have to calculate for 1 month. That's why we take four months while calculating.
Thus, $302,500 is the amount of tuition revenue should the college recognize on February 28
Answer:
Allocated MOH= $128,000
Explanation:
Giving the following information:
Predetermined overhead rate= 160% of direct material cost.
Actual direct material= $80,000
<u>To allocate overhead, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 1.6*80,000
Allocated MOH= $128,000
Answer:
<u><em>Procedure to pass new tax laws:</em></u>
1. First, a representative sponsors a bill.
2. The bill is then assigned to a committee for study.
3. If released by the committee, the bill is put on a calendar to be voted on, debated or amended
4. If the bill passes by simple majority (218 of 435), the bill moves to the Senate.
5. After Congress passes the bill,
6. it goes to the president, who can either sign it into law or veto it.
The answer is Supply
Demand refers to the need of a commodity.
Distribution refers to the way the commodity is given out.
Surplus refers to what is left over.
There are different types of goals like the short and long term goals. Short term only applies on specific schedule or a target time. Long term goals is more based on security like retirement plans, insurance, savings, health plans, home for the family an many more. These are some factors that can indicate stability and are the long term goals that had to be met.