Answer: $108,000
Explanation:
Given that,
Rent on manufacturing facility = $ 134,000
Office manager's salary = 84,000
Wages of factory machine operators = 64,000
Depreciation on manufacturing equipment = 34,000
Insurance and taxes on selling and administrative offices = 24,000
Direct materials purchased and used = 94,000
Period costs are the costs which are incurred for activities not related to manufacturing.
Therefore,
Period costs includes:
= Office manager's salary + Insurance and taxes on selling and administrative offices
= 84,000 + 24,000
= $108,000
1 - B
2 - F
3 - H
4 - E
5 - C
6 - J
7 - A
8 - G
9 - I
10 - D
Hope this helps you =)
Answer:
Correct option is (a)
Explanation:
Excise tax is an indirect tax which is not imposed on customers directly. Excise tax is imposed on producers or sellers for goods produced and they in turn transfer the burden of tax on customers in the form of higher prices. That is why, it is called indirect tax.
It is usually imposed on those goods such as liquor and tobacco whose consumption the Government needs to decrease. If excise tax is imposed on restaurant meals, then the restaurant will be able to produce and sell less at the same price it was charging earlier. If the restaurant wishes to sell more, then it will have to charge higher price.
Answer:
$278.3m
Explanation:
Duffy’s Pest Control’s operating cash flow was:
OCF = EBIT(1 – Tax rate) + Depreciation
Hence:
= ($502m(1 – 0.35) + $196m)
=$502m×0.65+$196m
=$326.3+196m
= $522.3m
Duffy’s Pest Control’s free cash flow for 2015 was
FCF = Operating cash flow – Investment in operating capital
$415m = $522.3m – Investment in operating capital
Investment in operating capital = $522.3m – $415m = $107.3m
Investment in operating capital for 2015 was:
IOC = Gross fixed assets + Net operating working capital$107.3m
= ($1,818m - $1,572m) + (Ending net operating working capital – $416m)
Ending net operating working capital = $107.3m – ($1,818m – $1,572m) + $416m
=$107.3-$245m+$416m
= $278.3m
Therefore the end-of-year balance for net operating working capital will be $278.3m
Answer:
Explanation:
The following items were deducted and added in the Schedule M–1 reconciliation
Additions:
C. Federal income tax per books.
D. Capital loss in excess of capital gain.
F. Premiums paid on life insurance policies covering executives (corporation is beneficiary).
Subtractions:
A. Life insurance proceeds received upon death of covered executive.
B. Tax depreciation in excess of book depreciation.
E. Charitable contributions in excess of taxable income limitation.
G. Domestic production activities deduction.