Answer:
b) False
Explanation:
Given;
Cost of inventory = $2,500
Cost of delivery = $50
Total cost incurred = $2,500 + $50
= $2,550
Product cost is the cost incurred to bring the item of inventory to the entity purchasing the item of inventory.
This cost includes the purchase cost, freight costs, etc. However, the cost incurred in the delivery of the item of inventory to a customer is an element of the selling and distribution cost to be recognized as a part of the operating expense.
The product cost is recognized as part of the cost of goods sold. Hence, product costs was $2,500.
Explanation:
YES! manufacturering businesses sell to other businesses.
The consumer price index (cpi) is calculated by checking the prices of using the price of goods bought by a typical urban household, and applying different weights based on the importance of the good to the consumer.
<h3>What is CPI?</h3>
The Consumer Price Index (CPI) is a measure of the overall cost of the goods and services bought by a typical consumer.
The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.
The market basket includes everything from food items to automobiles to rent.
CPI is used to find the inflation rate.
To learn more about CPI, refer
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The answer to this question is citizen-action
Citizen-action public refers to the situation where citizens started to question or challenge the decision/policies made by a certain company.
Usually, this type of action is cause when the citizens feel that the decision/policies will negatively affect their community.
Answer:
a) Is Santhosh required to increase his withholding or make estimated tax payments this year to avoid the underpayment penalty?
- No he is not required to make any payments or increase his withholdings because this year's withholdings already represent a 133% increase with respect to last year's tax liability. If the withholdings for the current are over 100% last year's tax liability, then the taxpayer doesn't need to make any further adjustments in order to avoid underpayment penalties.
b) By how much, if any, must Santhosh increase his withholding and/or estimated tax payments for the year to avoid underpayment penalties?