Answer:
The correct answer is option (C) $ 1,750
Explanation:
Given data:
Amount received from corporate bond = $ 2,200
Amount received from a savings account = $ 600
Thus, the total income = $ 2,200 + $ 600
or
The total income = $ 2800
Now,
the standard deduction for the person claimed as dependent's on another's tax return = $ 1,050
Hence, the total taxable income = Total income - standard deduction
or
the total taxable income = $ 2,800 - $ 1,050 = $ 1,750
Hence, the correct answer is option (C) $ 1,750
Answer:
1. Income Statement for Digital Vibe Manufacturing company
For the Month ended January 31
Sales 875,000
Cost of goods sold 525,000
Gross Profit 350,000
Operating Expenses:
Selling expenses 125,000
Administrative expenses 80,000
Total Operating expenses <u>205,000</u>
Net Income <u>$145,000</u>
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B.
1. Ending material inventory = Material purchased - Used material in production
= 168,500 - 149,250
= $19,250
2. Ending work in Process inventory = Material used in production + Direct labor + Factory overhead - Transferred of work in process to finished goods
= 149,250 + 360,000 + 120,000 - 600,000
=$29,250
3. Ending finished goods inventory = Transfer from work in progress - Cost of goods sold
= 600,000 - 525,000
= $75,000
Answer a
The stakeholder in this situation arer as follows =>
1. Scott
2. Managemnet of a Company
3. The Financial Community.
Answer b
Ethical Issues are ;
Loyalty of Scott towards Company and its management.
He should excercise due vigilence while making projections for sales.
Answer c
Possible Actions are
1. Ignore the matter
2. Inform then Boss or Management.
3. Inform the boss and follow the standard procedure
I would have told the management of the error I made if I were in his place, showing my integrity and loyalty to the company without realizing that my integrity might jeopardize my promotion. But being ethical and trustworthy will also benefit me in the long run.
According to a 2000 public-opinion
poll, 69 percent of Americans who responded were most proud of the nation's equal opportunity
laws.
<span>An </span>equal opportunities policy<span> should: make clear your organization’s
commitment to </span>equal opportunities, non-discriminatory
procedures and practices. list all the forms of discrimination covered by the policy, ie age, gender,
race, religion or belief, sexual orientation, disability or pay rate.
Answer:
<u>Profit</u>
Explanation:
Revenue refers to the total receipts by a business for the sale of it's output.
Cost refers to the expenditure incurred for manufacturing products or creating a service.
The difference between the above two i.e revenue and costs, is termed as profit.
Profit can be of two types, economic profit and accounting profit. Accounting profit is calculated by deducting actual costs incurred from total receipts.
Economic profit on the other hand also considers implicit costs i.e opportunity costs, while calculating profits.
