Answer:
Wilson Towing Service
Income Statement
For the month ending June 30, 2016
Service revenue $12,500
Salaries expense ($2,500)
<u>Rent expense ($500)</u>
Operating profit $9,500
The income statement tells us how much profit/loss did a business make during a certain period of time. In this case, the operating profit was $9,500. In order to calculate net income we would need to subtract taxes but we are not given the tax rate or the taxes due.
The total amount of traceable fixed manufacturing overhead for Alpha and Beta will be $3332000 and $3689000.
<h3>How to compute manufacturing overhead? </h3>
From the information given, the traceable fixed manufacturing overhead for Alpha will be:
= 119000 × 28
= $3332000
The traceable fixed manufacturing overhead for Beta will be:
= 119000 × 31
= $3689000
Learn more about overhead amount on:
brainly.com/question/15739613
Answer: Option B
Explanation: The conversion value is the market value of the asset into which the security is to be exchanged. It can be computed using following formula :-
conversion value = (stock price) * ( conversion ratio)
conversion value = ($33) * (25)
conversion value = $825
Answer:
The correct answer is letter "B": Issued Status.
Explanation:
Curricular Practical Training or CPT is a program where sponsor employers hire college students so they can start working mainly as trainees. These programs are provided during the school year or on summer vacation and offer part-time and full-time positions.
<em>When applicants have the "Issued Status" on their request, it means they have been electronically verified and are eligible for work.</em>