Answer:
Explanation:
incorrect answer
a credit balance of $7500
correct answer
a debit balance of $7500.
Answer:
Cost of goods sold= $133
Explanation:
Giving the following information:
A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory.
Cost of goods sold= 7*14 + 5*7= $133
Answer:
state government
Explanation:
Counties, towns, and cities collect their money mostly from taxes and fees charged to enterprises. The State government is in charge of collect taxes such as income, sales, and property taxes.
Answer:
Continuous
Explanation:
Continuous production process is the procedure where the manufacture of the products need the sequential performance of different processes on multiple machines receives the material for manufacturing by the closed channel.
This process is mostly used in the business of chemical and paper.
So, in this case, the most effective way to produce the gasoline is the kind of production which is referred as the continuous production process.
Answer:
The amount of these state income tax refund is included in gross income in 2016 is $1,100
Explanation:
The computation of the income tax refund is shown below:
= Itemized deductions - standard deduction
= $13,700 - $12,600
= $1,100
Since we have to find out the refund amount which would be included in the gross income so we consider the amount of the deductions which is given in the question. The other information which is given in the question is not relevant. Hence, ignored it
The amount recovered would be adjusted to that particular year only it would not be carried forward.
