Answer:
$358,150
Explanation:
Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :
Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process
where,
Total Manufacturing Costs :
Materials used in product $124,260
Depreciation on plant $69,650
Property taxes on plant $21,750
Labor costs of assembly-line $120,570
Factory supplies used $25,810
Total $362,040
therefore,
Cost of goods manufactured = $13,700 + $362,040 - $17,590 = $358,150
Answer:
The most probable result is that the court will declare the contract invalid and non-binding because the purchase price and important terms regarding the consideration involve are too vague and indefinite.
In order for a contract to be considered valid and binding, consideration must exist and the more precise the terms, the better. Consideration is something of value that both parties exchange. In this case it is a house vs. money, but the price is not specified.
Answer:
<em><u>Find below the features of a corporation</u></em>
An investor who purchases stock in a corporation becomes an owner
The chief distinguishing factor of a corporation is its
Limited liability in that corporation.
Explanation:
- Stocks are certificates of ownership. Then, any person that buy a stock for a corporation become an owner of the company. This means that this person has the right to a share of the company profit if there is some.
- Limited liability it means that if a law sue is issued over the company the person that is a stockholder or owner does not have any liability but just the corporation.
Answer:
Hello your question is incomplete attached below is a screenshot of the question
Answer: i) Darby is doing something wrong
ii) Ethic traps are : Money and Rationalization
Explanation:
Darby is doing something wrong because she is taking the benefits of H associates company for personal purposes. and this totally unethical behavior been exhibited by Darby
The ethics trap faced by Darby are :
Money ; Money is the most influential trap that makes employees engage in most unethical activities because Human beings want more money always
Rationalization : Darby is using the company's facilities for personal use because she feels that her usage of the facilities for personal use won't affect the company negatively
Answer:
It appears on the surface that Simon must give the stock to Fred and let Fred sell it, because Fred is in the higher tax bracket (i.e., 22% compared to Simons 12%). But for gift property, the basis of loss to the donee is the lower of (1) the adjusted basis of the donor, or (2) the amount of fair market value (FMV) on the date of the gift. Thus as Fred cannot take benefit of the loss, Simon must sell the stock, deduct the realized loss, and sales proceeds should be given to Fred.
When Simon sells the stock and handover the sale proceeds to Fred, in that case the capital gain received from the stock's sale will be taxed on Simon as per his tax bracket. The transfer of sale proceeds to Fred will not have any impact on tax.
