Answer:
Liabilities
Explanation:
Liabilities are the debts and obligations that a business owes.
Answer:
Single step income statement
Explanation:
The single step income statement is the simplest form in which an income statement is prepared, e.g.
Revenues:
- Sales revenues $100
- Interest income $20 $120
Expenses:
- Rent expense $30
- Utilities expense $10
- Wages and salaries $60 <u>($100)</u>
Income before taxes $20
Tax expenses <u> ($4.20)</u>
Net income $15.80
A multi-step income statement is more complex, since operating revenues and costs are reported first in order to determine operating income, then other revenues and expenses are introduced and income before taxes is calculated.
Answer:
Explanation:
1.
Direct labour hours work during the period:
Product S=72,400 units×1 hour=72,400 hours
Product W=18,100 units × 3 hours=54,300 hours
Total labour hours=126,700 hour
Predetermined overhead rate=$958,396/126,700 =7.56 per hour
2.
Unit product cost of S = Direct Material cost + Direct labour cost + Overhead = 12+16+7.56*1 = $35.56
Unit product cost of W = Direct Material cost + Direct labour cost + Overhead = 34+13+7.56*3 = $69.68
I don't think so cause they are both different companies. <span />
The first advised will be to carry our a survey that will show peoples opinion.
<h3>What is the importance of consulting?</h3>
Consultancy involves asking important question and guidelines form an expert.
It is done in achieving success in a particular project or Job.
The first step will be to run a survey on the adoption of the new technology.
Therefore, The first advised will be to carry our a survey that will show peoples opinion.
Learn more on survey below
brainly.com/question/196770
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