Answer: After acquired property
Explanation: The concept of after acquired property refers to personal belongings or properties purchased by an individual who has secured a loan such as mortgage and penned a security agreement that secures the debt with all of his properties.
The after acquired property is manifested in the context above, Eduardo must have penned a security agreement nn other to secure the $50,000 loan from the National Bank, and therefore his real and personal properties such as his 10 year old van, including properties purchased after penning the security agreement such as the Just purchased greenhouse automatically becomes a collateral for his debt.
Martin will get a refund of about $370.
What is the estimated federal deductions from the gross pay of $30,135?
The estimated federal deductions is 15% of the gross pay of Martin, which is $30,135, in other words, the initial federal deductions before the actual federal deductions of $4,520 is known is as computed below:
Estimated federal deductions=15%*$30,135
estimated federal deductions=$4,520.25
The actual federal deductions of $4,150 is lower compared to the amount withheld from gross pay, hence, there would be a refund for Martin
refund=$4,520.25-$4,150
refund=$370.25
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Answer:
Instructions are listed below
Explanation:
Giving the following information:
Beginning inventory 2,830 units at $8
Purchases 8,110 units at $10
Sales 9,418 units at $13
Average cost= (8 + 10)/2=9
FIFO (first-in, first-out)
COGS= 2,830*8 + 6,588*10= $88,520
LIFO (last-in, first-out)
COGS= 8,110*10 + 1,308*8= $91,564
Average cost method:
COGS= 9,418*9= $84,762
Answer:
A. $302,000
Explanation:
The computation of the net income under accrual basis accounting is shown below:
= Billed in revenues on credit - incurred expenses
= $496,000 - $194,000
= $302,000
The prepaid expenses and the received amount would not be considered in the computation part. Hence, ignored it
Only revenues on credit and incurred expenses are considered in the computation part. No other item values would be taken.
One of the factors is: heat
Actually, heat is the number one concern in this matter.
In order to reproduce, bacteria need to live in an environment that has a certain degree of warmth. This is why people stored their meat on fridge, because it create a low temperature environment that can't be sustained by the Bacteria
