Answer:
a. retained earnings statement, as a $630,000 addition to the beginning balance
Explanation:
Data provided in the question
Change in increase in inventory = $900,000
Income tax rate = 30%
By considering the above information, the cumulative effect is
= Change in increase in inventory - Change in increase in inventory × income tax rate
= $900,000 - $900,000 × 30%
= $900,000 - $270,000
= $630,000
This $630,000 is a addition to the beginning balance
For a loss to be shown on his tax return, the total expenses (prices of goods, supplies, transportation and so on) must be larger than the sale or revenue.
Since he's always showing profit, this means that his revenue his more.
Scott may be including some illegitimate factors (factors that are not usually included in the calculation) in his calculations. These factors may lead to hypothetical loss for him.
Answer:
465 minutes or 8 hours and 15 minutes
Step-by-step explanation:
her monthly bill was 72.25 and she has to pay 2.50 per month
72.25 - 2.50 = 69.75
69.75/ 0.15 = 645 minutes
645 minutes/ 60 minutes= 7.75 = 8 hours 15 minutes
Answer: Option (D) is correct.
Explanation:
The economic efficiency is achieved at a point where demand curve and supply curve intersects each other. This point is known as market equilibrium. The area under the demand curve and above the equilibrium price level is known as consumer surplus.
The area above the supply curve and under the equilibrium price level is known as producer surplus.
Hence, the combine area of consumer surplus and producer surplus have to maximized to have a economic efficiency in an economy.
Answer:
Explanation:
Overhead allocated to Product X = Department A overhead cost+ Department B overhead cost
= $51,157.84+$5755.62=
= $56,913
Calculations:
Using a single-driver allocation system, with direct labor hours as the driver, how much overhead was allocated to Product X:
Department A's Overhead rate per labor hour = Overhead costs/Total direct labor hours = $4300000/60000 hours = $71.66 per hour
Overhead (Department A) = $71.66per hour*724 labor hours
= $51,157.84
Department B's Overhead rate per labor hour = Overhead costs/Total direct labor hours = $2200000/60000 hours = $36.66 per hour
Overhead (Department A) = $36.66 per hour*157 labor hours
= $5755.62
