Answer:
Explanation:
I think ether Corporation or Sole proprietorship
Answer:
$900
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
So, only $900 would be reported on the income statement as the other transaction reflect the financing activity
Answer:
$35,84 per machine hour
Explanation:
Plantwide overhead rate = Budgeted overheads ÷ Budgeted Activity
where,
Budgeted overheads = $3,600,000 + $880,000 = $4,480,000
Budgeted Activity = 125,000 machine hours
therefore,
Plantwide overhead rate = $4,480,000 ÷ 125,000
= $35,84 per machine hour
A firm's expected revenues and expenses are what should be included in a firm's business model.
<h3>What is a business model?</h3>
A business model is document that contains processes and procedures of how a company would operate.
This document is important for effective organization control and also assist coordinate business relationships amongst stakeholders
Learn more about business model here: brainly.com/question/1171429
#SPJ1