Answer: The correct answer is "B. current costs plus cost of beginning Work-in-Process Inventory".
Explanation: The weighted average method of process costing takes into account the costs of the initial inventory since this method calculates the unit cost of the units by means of the number of units and the total cost of them. Therefore the weighted average will drag the costs of the initial inventory.
You should be brief in the subject line
Answer:
D. Cross traffic and oncoming traffic are stopped with a red light.
Explanation:
Answer:
(a) S-Type
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
A company with single taxation is called S-Type i.e sole proprietorship.
Basically, a sole proprietorship business is a type of business that is owned by a single person and as such their profits are taxed once as personal income tax.