Answer: Political union
Explanation:
Economic integration is an agreement among the countries in a region that is aimed to reduce and remove the barriers to the free flow of the factors of production and goods or services.
A political union is a type of union that is formed out of smaller states. A political union is the most advanced form of integration wherby there is a common government and one where the sovereignty of member countries are reduced. It is found within federations where there's a central government and level of autonomy in the regions.
Answer: $9025 §1231 loss
Explanation:
From the question, we are informed that Sumner sold equipment that it uses in its business for $30,800 and that the equipment was bought a few years ago for $79,600.00 and has claimed $39,775 of depreciation expense.
Assuming this is Sumner's only disposition for the year, the amount and type or character of Sumner's gain or loss goes thus:
The book value of the equipment will be:
= $79600 - $39775
= $39825
Since the equipment is sold for $30,800, the loss will be:
= $39825 - $30800
= $9025
It should be noted that there will be no depreciation recapture because the asset is sold for a loss.
Answer:
two main reasons for having a savings account:
- It can be used as a vacation fund.
- An account to pay cash for new things and cover repairs.
- Can be used as an emergency account.
Hope it helps!
Answer:
Explanation:
The journal entries are shown below:
1. Retained earnings A/c Dr $59,680
To Dividend payable A/c $59,680
(Being the declaration of the cash dividend is recorded)
The computation is shown below:
= Preferred stock × cash dividend percentage + common stock shares × cash dividend per share
= $128,000 × 6% + 52,000 shares + $1
= $7,680 + $52,000
= $59,680
2. Dividend payable A/c Dr $59,680
To Cash A/c $59,680
(Being the dividend is paid for cash)
Answer:
a) The company turn its inventory at 1.5.
b) Per unit inventory cost for a product that costs $1000 is $166.67.
Explanation:
a) number of units sold = ($60000000/year)*(1 unit/$2000)
= 30000 units/year
COGS = 30000 units/year*$1000/unit
= $30000000/year
inventory = $20000000
flow time = inventory/flow rate
= $20000000/30000000 per year
= 0.67 years
inventory turns = 1/flow rate
= 1/(0.67)
= 1.5
Therefore, The company turn its inventory at 1.5.
b) %inventory cost per computer = 25%*0.6667 years
= 16.667%
16.667%*$1000 = $166.67 per unit
Therefore, Per unit inventory cost for a product that costs $1000 is $166.67.
