Answer:
Cost Of Goods Sold= $1,930,000
Explanation:
Giving the following information:
Beginning Finished goods inventory 190000
Ending Finished goods inventory 150000
Cost of goods manufactured for 2020 amounted to $1890000
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 190,000 + 1,890,000 - 150,000= $1,930,000
Answer: Special damages
Explanation: In simple words, special damages refers to the claim made by the injured person for the losses he or she suffered due to negligence of duty by the defendant.
In the given case, the train that is owned by the modern railways collided with a truck owned by craft co resulting in a loss of $100,000 of the former.
Hence if Craft co proves that the accident happened due to the negligence from the side of modern railways then they can claim special damages.
Answer:
Throughout the revenue generation code section 1231, 1231 assets were specified in the revenue generation section 1231. Elsewhere there is further clarification provided.
Explanation:
- The loss suffered should be considered as something of an ordinary loss which can be excluded from either the taxable income of the individual, as this is thus advantageous since it is 100% exempt again from the tax liability of the individual.
- Inventories weren't included throughout the 1234 clauses, nevertheless, and as such the losses mostly on stock kept during 6 months also aren't protected by the 1234 rules and therefore must be recognized as a regular loss of operation.
- The income earned from either the property where impairment is claimed as either a regular business loss throughout section 1234 could be calculated as deep-term losses or capital gains unless the income increases the value of the loss reported throughout section 1234.
Answer:
The old machine should be retained.
Explanation:
The old machine should be retained.
The differential analisys shows <u>cost will increase 322,100 if replaced.</u>
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The sale from the old machine is an income for the relacement alternative.
the cost of the new machine is an expense
the value of the 7 years of manufacturing cost show a cost saving for 58,100
this savings, along with the proceeds from the old machine, doesn't cover the acquisition of the new machine. It is a bad investment.
Answer:
Yes she should.
Explanation:
The cash flow analysis is as shown below
Outflow Inflow Balance
Year 0 Total investment (10,350.00) - (10,350.00)
Year 1 Cash inflow - 1,300.00 (9,050.00)
Year 2 Cash inflow - 4,900.00 (4,150.00)
Year 3 Cash inflow - 4,400.00 250.00
Year 4 Cash inflow - 4,100.00 4,350.00
From the cashflow above, the business is in a net income position at the end of the 3rd year. As such, if she assigns a 3-year payback period to this project, she should add toys to her store.