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3 years ago

Not-for-profit organizations do not have to pay taxes on their income

1 answer:

4 0

Non-profit organizations are not needed to pay tax due to being a non-profit corporation- they provide donations and social corporate responsibilities.

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A company's beginning Work in Process inventory consisted of 20,000 units that were 20% complete with respect to direct labor. T

s2008m [1.1K]

Answer:

88,000 equivalent units for the period

Explanation:

one way : work on beginning + started - incomplete ending

20,000 x (1 - 0.2) = 16,000 units work on BI WIP during the period

90,000 units started

30,000 x (1- 0.4) = (18,000) unfinished equivalent units

88,000 equivalent units for the period.

Other way: work on beginning + start and trasnferred + work on ending

20,000 x (1 - 0.2) = 16,000 units work on BI WIP during the period

60,000 started and transferred-out

30,000 x .4 = 12,000 work on ending WIP

88,000 equivalent units for the period.

Other way: transferred out + work on ending - previous work on beginning

80,000 transferred out

30,000 x .4 = 12,000 work on ending WIP

20,000 x .2 = (4,000) previous work on beginning

88,000 equivalent units for the period.

6 0

3 years ago

Smith buys and sells securities. On December 15, 2018, Smith purchased $548,000 of Jones shares and elected the fair value optio

IrinaK [193]

Answer:

Investment income of $46,000 in its income statement

Explanation:

Calculation for the amount that Smith will report in the 2018 financial statements,

Investment income =Fair value of $594,000-Purchased $548,000

Investment income =$46,000

Therefore Smith will report investment income of $46000 in its 2018 financial statements,

3 0

3 years ago

The inventory of Royal Decking consisted of five products. Information about the December 31, 2018, inventory is as follows:Per

Dennis_Churaev [7]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Download xlsx

5 0

3 years ago

Goods made to order are typical of ________ and ________ approaches while goods made to forecast are typical of ________ and ___

liberstina [14]

Answer:

D. Repetitive, product product, process; repetitive, mass customisation.

Explanation:

The goods based on order will have it's qualities speficied and this may equally varies for each ofl the orders though they may go through the same process. Goods produce based on market forcast will be produce enmass based on the forcasted needs of the Consumers, while repeating the same process.

3 0

3 years ago

Richard, an engineer, supervises the construction of a new mountainside roadway. When the road collapses in a landslide due to f

vredina [299]

Answer: Other Engineers

Explanation:

Richard can be sued by motorist in the event of the collapse of the road which he supervised construction, and the case would be considered with the already established engineering standards. The engineer standard directs that during construction or fabrication in engineering, the engineer should give little or no allowance for failure, because failure can lead to serious injuries or loss of life.

7 0

3 years ago