Answer:
Units accounted for: 7,500
Explanation:
We are going to follow physical units so the method W/a or FIFO is not relevant for this step:
Beginning and transferred in are the input, fro mwere the units come from:
beginning WIP 4,500
transferred in 3,000
Units to account for: 7,500
While, ending WIP and transferred-out are were the untis are now:
Ending WIP 6,000
transferred-out 1,500
Units account for 7,500
Answer:
B. $280,000
Explanation:
The capital assets are those assets which are used for the personal purpose, not for the business purpose. The examples of capital assets include personal property, stocks, bonds, clothing, dwelling, etc.
It excludes that property which is used for trade or business purpose like - limousine.
In the given situation, the capital asset would be $280,000 as it owns for personal residence and furnishings.
Answer:
Option (C) is correct.
Explanation:
Given that,
Cash amount loaned = $36,000
Rate of interest on note = 5%
Time period: From September 1, Year 1 to December 31, Year 1 = 4 months
Amount of Interest revenue:
= Cash amount loaned × Interest rate × Time period
= $36,000 × 0.05 × (4/12)
= $36,000 × 0.05 × (1/3)
= $599.9 or $600
There is no cash flow from operating activity in respect of loan given to another company and interest revenue accrued on loan amount.
Answer:
The person is NOT spending her income for both goods in a manner that maximizes her satisfaction.
Explanation:
Based on the information given The person is NOT spending her income for both goods in a manner that maximizes her satisfaction which means that she would have to INCREASE baseball games consumption and DECREASE movies consumption reason been that we were told that an individual enjoys going to baseball game three times compare to seeing new movie which therefore means The price of the ticket for a baseball game which is the amount of $30 should be increase while the price of a ticket for a movie which is the amount of $15 should be decrease.
