Answer:
Ending inventory will be $108925
Explanation:
We have to find the estimated ending inventory
It is given by
Estimated ending inventory = Cost of Goods available for sale - Cost of Goods Sold
Cost of Goods available for sale = $155,000+$467,300 = $622,300
Cost of Goods Sold = Sales - Gross profit = 
So ending inventory = $622300 - $513375 = $108925
So ending inventory will be $108925
Consolidation Rules Under GAAP
The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares
Answer:
The correct answer is letter "A": Jeffrey will be solely responsible for making payments for his Social Security (FICA).
Explanation:
Independent contractors act like third party services working for an entity to render services for specific jobs. Independent contractors are not employees of the company who hires them for the job which implies the independent contractors are fully responsible for the payment of their own Social Security and Medicare taxes.
Answer:
option (D) $50 billion.
Explanation:
Data provided in the question:
Additional investment spending = $20 billion
MPC = 0.6
Now,
Increase in aggregate demand = [1 ÷ (1 - mpc) ] × Investment
or
Increase in aggregate demand = [1 ÷ (1 - 0.4) ] × $20 billion
or
Increase in aggregate demand = (1 ÷ 0.4) × $20 billion
or
Increase in aggregate demand = 2.5 × $20 billion
or
Increase in aggregate demand = $50 billion
Hence.
the correct answer is option (D) $50 billion.
Answer:
a) 39
b) 58
Explanation:
Data provided in the question:
Mean = $70
Standard deviation, s = $8
Number of households, n = 40
Now,
a) number of households whose monthly utility bills are between $54 and $86
z score for $54 = [ 54 - 70 ] ÷ 8 [ z score = [ X - mean ] ÷ s]
or
z score for $54 = -2
z score for $86 = [ 86 - 70 ] ÷ 8 [ z score = [ X - mean ] ÷ s]
or
z score for $54 = 2
Therefore,
P(between $54 and $86) = P(z = 2) - P(z = -2)
= 0.9772498 - 0.0227501
= 0.9544997
Therefore,
number of households whose monthly utility bills are between $54 and $86
= P(between $54 and $86) × n
= 0.9544997 × 40
= 38.18 ≈ 39
b) In a sample of 20 additional house i.e n' = 40 + 20 = 60
thus,
number of households whose monthly utility bills are between $54 and $86
= P(between $54 and $86) × n'
= 0.9544997 × 60
= 57.27 ≈ 58
