Answer:
$18,315,000
Explanation:
Total Income
:
= 15% of Total assets
= $13,900,000 × 15%
= $2,085,000
Total Sales
:
= Market price × Production volume
= $34 × 600,000
= $20,400,000
So, Target full product cost in total for the year
:
= Total Sales - Total Income
= $20,400,000 - $2,085,000
= $18,315,000
Good actually just woke up
Answer:
*Expected sales units= 20% of next quarter's unit sales
*Estimated first quarter 2018 sales units : 210000+(210000*10%) =231,000 : 231000*20%
*Beginning inventory for first quarter = 20% of estimated first qurter's sale = 210000*20%= 42000
Explanation:
* desired ending direct material for qtr 4 = 499000*10% =49900
* beginning direct material for qtr-1 = 436000*10% =43600
Answer:
PWD's Illinois state tax base is $175,652. The right answer is D.
Explanation:
According to the given data, in order to calculate the PWD's Illinois state tax base, we would have to make the following calculation with the following formula:
PWD's Illinois state tax base = Federal taxable income+Indiana income taxes+Illinois income taxes+Indiana municipal bond interest – federal t-note interest
Therefore,PWD's Illinois state tax base=$111,000+ $18,445+33,410+$15,275-$ 2,478
PWD's Illinois state tax base=$175,652
Answer:
$17,000
Explanation:
The amount of the Allowance for Bad Debts account after adjustment is shown below:
= Debit balance of Allowance for Bad Debts account + uncollectible accounts
= $7,000 + $10,000
= $17,000
The journal entry is also shown for better understanding
Bad debt expense A/c Dr $17,000
To Allowance for doubtful debts $17,000
(Being bad debt expense is recorded)