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Delvig [45]
3 years ago
9

Generally, when business startup costs exceed the maximum amount allowed, the remaining costs may be amortized over_____ months.

(A) 240(B) 180(C) 120(D) 60
Business
1 answer:
irina1246 [14]3 years ago
8 0

Answer:

The correct answer is letter "B": 180.

Explanation:

During the first year a business operates, companies can elect to deduct up to $5,000 from their costs. If the costs are higher than $50,000, the deduction of $5,000 will be reduced by the exceeding amount. However, that exceeding amount can be amortized for up to 15 years (180 months).

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A welding company specializes in custom steel frames and uses job costing to account for its operations. The following informati
nalin [4]

Answer: $21 per direct labor hour.

Explanation:

Based on the information given in the question, the predetermined overhead rate that is used will be calculated as:

= Manufacturing overhead / Direct labor

where,

Manufacturing overhead = 5460

Direct labor = 3900/15 = 260 hours

Therefore, predetermined overhead rate:

= 5460/260

= $21 per direct labor hour.

6 0
3 years ago
Firm a is a new producer in the market for good​ x, which is characterized by linear demand and supply curves.​ initially, to at
Sladkaya [172]
I believe the information above is best supported by; the fact that producer surplus will increase if the price rises from $ 8 per unit to $10. This is due to the fact that there is a shortage in the market therefore demand will increase, this results to customers wanting to buy at a higher price than the initial cost, to satisfy their demand and need
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3 years ago
Which is not true of limits? Select one: a. Are the point where you should stop the negotiation b. Are also called resistance po
Rama09 [41]

Answer:

The correct answer is letter "B": They should be ignored in a bidding war.

Explanation:

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Placing limits for negotiations is important as well. Limits will prevent parties from giving to much of themselves or avoiding the other party to take advantage of a given situation. Thus, in front of war, limits must be placed in a negotiation.

7 0
3 years ago
On the _________________________date, the dividend to be paid is recorded as a _______________________, and retained earnings ar
umka21 [38]

Answer: The answers are DECLARATION; LIABILITY; REDUCED; HOLDER-OF-RECORD DATE

Explanation: Dividend is a sum of money aid regularly by a company to its owners. A Stockholder listed as an owner on the holder-of- record date is entitled to dividend when declared.

When a dividend is declared, it is stated as a liability as it becomes a debt to the organisation. This dividend payable is taken from the retained earnings of the organisation.

7 0
3 years ago
June Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 80 units that cost $20
inn [45]

Answer: 200 units

Explanation:

Beginning inventory                                      80 units.

Company Purchases                                     <u>480 units</u>

Total                                                                560 units

Sales                                                               <u>(360 units)</u>

Ending Inventory                                            200 units

200 units remain in Ending inventory.

7 0
3 years ago
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