Answer:
A) $450.
Explanation:
The computation of the total deductible amount of the expenses is as follows:
In the case of the deduction with respect to the meal cost and entertainment. Only the half of the expense would be deducted i.e. for the business meeting
As in the question the opera tickets is $900 so the half of $900 i.e. $450 would be allowed as a deduction
Therefore the correct option is A.
Answer:
1,140 units
Explanation:
Note : The question requires us to use the weighted-average method. This method focuses on equivalent units of completed units and units still in process only.
Step 1 : Determine units completed and transferred
Units Completed = Beginning units + Units Started - Ending units
= 200 + 1,000 - 100
= 1,100 units
Step 2 : Calculate equivalent units of production with respect to conversion costs
Completed and transferred (1,100 x 100%) 1,100
Ending units (100 x 40%) 40
Total equivalent units of conversion costs 1,140
thus,
the equivalent units of productions for the period (using the weighted-average method) for conversion is 1,140 units.
Answer:
Please see the attached snapshots for the answers.
Explanation:
a.
Debit: Cash $30,000
Credit: Service Revenue $30,000
To record Service Revenue.
b.
Debit: Supplies $20,000
Credit: Accounts Payable $20,000
To record purchase of supplies on account.
c.
Debit: Salaries Expense $7,000
Credit: Cash $7,000
To record salaries Expense.
Answer:
comparison and contrast
Explanation: the definitation and meaning is expained in speech chapter 12
Answer:
LaKeisha Thompson
a. At the end of four years, the total amount invested is:
= $6,000
b. At the end of four years, the total number of shares purchased is:
= 166.81
c. At the end of four years, the average cost for each share is:
= $35.97.
Explanation:
a) Data and Calculations:
Investments in Oakmark I Fund:
Year Investment Price Number
Amount per share of share
Feb 2008 $1,500 $40 37.50
Feb 2009 1,500 30 50
Feb 2010 1,500 34 43.60
Feb 2011 1,500 42 35.71
Total $6,000 166.81
Average cost per share = $35.97 ($6,000/166.81)
