Answer:
<u>Income Statement for the Current Year under Variable Costing</u>
Sales (825 × $1,075) $886,875
Less Cost of Sales
Opening Stock $0
Add Cost of Goods Manufactured ( 1075 × $400) $430,000
Less Closing Inventory (250 × $400) ($100,000) ($330,000)
Contribution $556,875
Less Expenses :
Fixed Manufacturing Overheads ($107,500)
Selling and administrative expense : Variable ($75,000)
Selling and administrative expense : Fixed ($135,000)
Net Income / (Loss) $239,375
Explanation:
Under variable costing, only variable costs of production are included in cost of goods sold. Both the Non - Production and Fixed Production Costs are treated as Period Cost Expensed during the year.
Answer:
Explanation:Explanation is
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bit.
Answer:
a. reaction
Explanation:
<u>Participant reactions</u> are the most basic way to see how they assessed the training and development evaluation made by the HR department. Although the behavioral change would fully reflect how the development and training actually went, it takes time to see when and how employees will implement the learnt skill or knowledge in work.
Therefore, the easiest and least expensive way to measure satisfaction and get timely feedback is to follow the reactions of the participants.
Answer:
a. $750
b. $750
Explanation:
The first thing to do is calculate the monthly interest as follows:
Monthly interest = Total interest ÷ 12 = $4,500 ÷ 12 = $375
The rent for two months in year 0 (November and December) = $375 × 2 = $750.
Prepaid expenses (January to October of year 1) = $4,500 - $750 = $3,750.
Decision:
Prepaid expenses is not deductible under either cash accounting method or accrual accounting method for tax purposes.
Therefore, Jaxon can deduct only $750 two months (November and December) relevant for year 0 under both cash accounting method and accrual accounting method.
The prepaid expenses of $3,750 is not deductible in year 0 but can only be deducted in year 1.
Answer:
The beta on Marvelous’ common stock decreases from 1.4 to 1.2
Explanation:
According to the scenario, computation of the given data are as follow:-
As we know that
Expected Return = Market Risk Premium × Beta + Risk Free Rate
If the Beta is decreased, this means that expected return is decreased too, and if the expected return decreases the market value is decreases too.
According to the analysis, The Beta on marvelous’ common stock decreases from 1.4 to 1.2 is correct option.
