Answer:
Part 1
Absorption Costing Net Income = $760,700
Part 2
Income under absorption costing will be: Lower than income using variable costing
Explanation:
The difference in net income under absorption costing and variable costing is because of fixed costs that are in closing inventory.
If we are given net income under one method we can find the net income under the other method by performing a reconciliation as follows :
Reconciliation of Variable Costing Income to Absorption Costing Income
Variable Costing Net Income $767, 200
Add fixed cost in closing stock (4, 700 × $2.50) $11,750
Less fixed costs in opening stock (7, 300 × $2.50) ($18,250)
Absorption Costing Net Income $760,700
Answer:
one goat cost = $1350
Explanation:
let
cow represent x
Goat represent Y
4x + 9y = $50,150
9x + 4y = ($50,150 +$ 40750 = $91,900
4x + 9y = 50,150 ________(1)
9x + 4y = (50,150 + 40750) _______(2)
Add eqn 1 and eqn 2
13x + 13y = 141050
(divide both side by 13)
x + y = 10850 ________(3)
Subract eqn 1 and eqn 2
-5x + 5y = -40750
x - y = 8150 _________(4)
Make x subject of formula in eqn 4
x = 8150 + y
substitute x = 8150 + y in eqn 3
8150 + y + y = 10850
8150 + 2y = 10850
2y = 10850 - 8150
2y = 2700
y = 1350
subtitute for y = 1350 in eqn 3
x + y = 10850
x = 10850 - y
x = 10850 - 1350
x = 9500
Cow cost $9500
Goat cost $1350
<h2>I would advice my team leader highlighting the cons of the activity</h2>
Explanation:
Firstly, to look into the positive side, my team stays competitive and going ahead of others. But when I look overall, then it is not good in the point of organization and not to be continued considering the growth of the organization.
I would advice my Team Lead stating that,
- It is not a good work culture or work ethics to steal someone else password
- The competitive spirit should not be achieved in a negative way
- The action will affect organization's growth and in turn affects the employee's growth
- We can achieve success in so many ways, leaving this negative way which promotes both organization and the team, so that we can arrive at win-win situation.
Answer:
Decide the issuance of cost of the bonds:
The issuance cost of bonds is the sum the obliged substance raised through the issue of legally binding proclamation called bonds. The cost of securities relies on the assumed worth, time frame, the coupon rate and the market rate.
Coming up next are three general standards regarding bonds issue cost:
-
On the off chance that the coupon pace of the security is equivalent to the market loan fee, at that point the security is said to be given at standard.
-
On the off chance that the coupon pace of the security is more prominent than the market financing cost, at that point the security is said to be given at premium.
-
On the off chance that the coupon pace of the security is lower than the market loan cost, at that point the security is said to be given at rebate.
In the current case, both the coupon rate and the market premium are 8% and are equivalent. Thus, the issue cost of bonds is equivalent to the standard worth. That is $600,000.
Answer:
correct answer is accounting
Explanation:
As agency relationship terminated and licensee is no longer consider principal agent
and it does not owe any duty except accounting
because accounting can not be terminated from the taxation and government and investors view point
and another principal agent will be confidentiality
so here correct answer is accounting