Answer:
The cost of goods finished during October for Tonneau Corporation is 487,500.
Explanation:
Only two jobs, Z1 & Z2 are finished during october. so, the cost of goods finished is given by:
cost of goods finished = Cost of Job Z1 + Cost of Job Z2
= $32500 + $55000
= $87,500
Therefore, The cost of goods finished during October for Tonneau Corporation is 487,500.
Answer:
Real Interest Rate = -2.7%
Explanation:
The formula to calculate the Real Interest rate is:
Here,
r = Real Interest Rate
i = Nominal Interest Rate = 3% = 0.03
p = Rate of Inflation
We have the value of Nominal Interest Rate. Before using the formula we need to calculate the Rate of Inflation. We have the values of CPI at the beginning and end of the year. From these we can calculate the Inflation Rate. The formula to calculate the inflation rate is:
Using the values in this formula, we get:
Now we have all the values that we need to use. The values in the formula will be used in decimals, not in percentages. Substituting the values, we get:
Thus, the Real Interest Rate that Juanita earned is -2.7%. This shows that rate of Inflation is more than the Nominal Interest and the value of her savings actually decreased compared to the beginning of the year.
Answer: B. $2,500
Explanation:
The American opportunity tax credit (AOTC) is a tax credit benefit for parents and Guardians to paying tuition on Qualified students.
A maximum of $2,500 in credit can be acquired per eligible student and to qualify for this maximum, a married couple filing together must have a Modified Adjusted Gross Income (MAGI) of less than $160,000.
With a modified AGI of $90,000, Jeffery and Cassie are below the threshold and qualify for the full figure.
Option D
Because the answer is AFS to HTM- Amortize to net income over remaining life.
Answer:
A
Explanation:
Gross profit = total sales - total cost of sales
