Answer:
$140,000
Explanation:
Computation of the company’s net income for 2014.
Using this formula
Net income=Revenue – Expenses
Let plug in the formula
Net income=$200,000 - $40,000+$20,000
Net income= $140,000
Therefore the company’s net income for 2014 will be $140,000
Answer:
Allocated costs= $9,900
Explanation:
Giving the following information:
The Administrative Department costs are allocated to the other three departments based on the number of employees in each.
Costs:
Administration= $30,000
No. of employees:
Maintanance= 2
Assembly= 6
Packaging= 4
First, we need to calculate the proportion of employees in each department:
total employees= 12
Maintanance= 2/12= 0.17
Assembly= 6/12= 0.5
Packaging= 4/12= 0.33
Now, we can allocate the administrative costs to Packaging:
Allocated costs= 0.33*30,000= $9,900
Answer:
Check the explanation
Explanation:
Rachel Carson received numerous attacks by agricultural and chemical industries due to the book she wrote called -Silent Spring', where she explained the repercussions to the atmosphere and that of human health in the using pesticides.
She has been tagged as a radical and unqualified scientist whose knowledge about science is limited. She was also accused of wanting to protect the lives of all the insects that spread diseases in humans and plants.
However, if we read concerning whom Rachel Carson was and what she stood for, we’ll notice that the arguments in various quarters are completely misguided.
She was an exceptional scientist and a writer on science topics, she investigated and cautioned on how the chemicals that government spread in the farms to kill pathogens insects, are also dangerous to all living things including humans.
Some of the chemical industry representatives even in this present time still do not concur with her; they are only concerned how to produce and sell more chemicals and they don’t even worry about their environmental consequences and damage. This is reason they prefer to berate her work and researches.
Answer:
A. its operating income for the period will be higher than under absorption costing
Explanation:
As we know that
Under absorption costing, the fixed cost is divided on the number of units produced
And under the variable costing, the fixed cost is considered as a cost selling of goods so the absorption costing method will be lower than the value of finished goods.
As per the question, the started finished goods will help and sell the whole production and starting balance that means under absorption costing of goods which is to be sold is much than variable costing.
Answer:
Find the answer below in explanation
Explanation:
Gillock Climbing Academy Pension Expense for the year 2019 will be recorded as
Service cost ............................................. 600,000.00
Interest (600000 × 10%)................................60,000.00
plan assets (40000 from 2018 + 32000 interest + 400000 made in current year)............... 832000
Expected return Interest on plan asset (832000*8%) ........................................ 66,560.00
Pension Expense for the year ended December 31, 2019 = 600000 - (66,560.00 - 60000)
= 600,000−6,560
= $593,440.00
