Answer:
At year-end, factory overhead is $21,000
Explanation:
Predetermined overhead rate = (Estimated overhead costs/Estimated direct labor costs)
Predetermined overhead rate = ($404000 / $2020000) = 20%*Direct labor costs
Hence, Applied overhead costs= (20% * $1,810,000)
Applied overhead costs=$362000.
Hence balance in factory overhead account at year end = $383,000 - $362,000
=$21,000.
Answer: Is not taxed
Explanation: John owns 500 shares of stock in Catawba Box, Inc. He is the share holder of the company . An equity shareholder is the owner of the company. But for a big public limited company, they raise funds by going public and issuing shares to the public in small tranche. The profit earned by the company is taxable for the company while it is not taxed to the owners or the shareholders of the company as a company is a separate legal entity.
Winston Baker will put $25,000 into his sister's new spa. In six years, he will have tripled his investment. Winston has been promised a 20% rate of return.
<h3>What is meant by Rate of returns?</h3>
- The annual rate of return is the percentage change in an investment's value. For instance, if you assume a 10% annual rate of return, you are assuming that the value of your investment will rise by 10% each year.
- A rate of return (RoR) is the net gain or loss of an investment over a given time period expressed as a percentage of the initial cost of the investment.
- When you calculate the rate of return, you are calculating the percentage change from the beginning to the end of the period. ROI is calculated by subtracting the initial cost of the investment from the final value, dividing the result by the cost of the investment, and finally multiplying it by 100.
To learn more about Rate of returns, refer to:
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