Answer:
COGS = $120,000
Explanation:
We have to determine the average cost per unit:
- 10,000 units at $3 per unit, total cost $30,000
- 20,000 units at $6 per unit, total cost $120,000
There are 30,000 units with a total cost of $150,000. The average cost per unit = $150,000 / 30,000 units = $5 per unit
On August 15, 24,000 units were sold and the COGS was $120,000 (= 24,000 units x $5 per unit)
Yes, as long as Carol and her husband are filing a joint return only to claim a refund of withholdings or estimated taxes paid
Explanation:
There are many rules to claim one person as dependent.
Not Paid a joint tax return unless or it is just to claim a refund. But can have tax returns even married also.
While claiming a dependent as a children, the child should follow the following
- The dependent must be a son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister.
- The child must be 18 or younger or if a student should not exceed 24.
- As a student, the child must have attended school full-time during at least five months of the year.
- In this case Wayne can claim Carol as a dependent on his 2018 return because all of the rules are satisfied.
Answer:
A. a bilateral contract
Explanation:
Based on the information provided within the question it can be said that these parties seem to have a bilateral contract with each other. This type of contract refers to an agreement between two separate parties where both agree to all the requirements set forth on each side of the contract. Which in this case Clay pays $50 to Eula and in exchange Eula agrees to give Clay a golf lesson.
$7.60 an hour x 40 hours = $304
Hope this helps!
Explanation:
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