Answer:
the net income under absorption costing is $398,080
Explanation:
The computation of the net income under absorption costing is shown below:
= Net income under variable costing + (change in inventory units × fixed overhead cost per unit)
= $392,100 + ((4,500 units - 3,200 units) × $4.60)
= $392,100 + $5,980
= $398,080
Hence, the net income under absorption costing is $398,080
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: Foreign neutrality
Explanation:
According to the given scenario, the Foreign neutrality tax policy is one of the concept that is specifically used by the Toyota motor company for operating various types of functions and operations in the environment.
The neutrality is basically used to create the various types of incentives in an organization and support the foreign taxation process and the foreign neutrality is one of the tax policy that is used for paying taxes across countries with different types of rates.
Therefore, Foreign neutrality is the correct answer.
Answer: Option (b) is correct.
Explanation:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
The preferences of Pam, Pru and Pat are given. Therefore, according to their preferences, the opportunity cost of the trip to Hawaii for Pam and Pat is a cruise and for Pru is a skiing.
Answer: b. Because the opportunity cost of the fourth unit of capital is the consumption goods that must be given up for this economy to move from three units of capital to four units of capital, but the opportunity cost of four units of capital is the amount of consumption goods that must be given up to go from zero units of capital to four units of capital.
Explanation:
The opportunity cost of the 4th unit of capital refers to how many units of consumption need to be given up for the economy to move from the third unit to the forth unit of capital. In other words, the economy needs to give up 4 more goods to move from the 3rd unit of capital to the fourth.
But if the Economy was to produce the entire 4 units of capital it would have to give up the entire 10 units of consumption in total.
Answer:
c. $107,000
Explanation:
We can calculate cash collected from the customers by following calculations
Accounts receivable op balance $38,000
Add : Sales on account during year $88,000
Less Closing Balance on Receivables - $19,000
Cash Collected from Customers $107,000
This is the net amount collected on behalf of customers while $19,000 is still recoverable in consequent accounting cycle.
Hope that helps.
