In summary, it is important to complete your tasks because it helps you feel better, helps you identify what you should be working on and together that means you complete more tasks.
A <u>finished Goods</u> account would most likely not appear in a job order cost system of a service business.
Finished Goods are products that are at a stage in the manufacturing process that is readily available to consumers. Businesses use formulas to calculate finished goods and products to create inventory percentages that determine the value of the goods sold.
The cost of the finished product includes all costs along the way and includes the three main components used in the production of the goods: direct labor, direct materials, and overhead costs. In addition, storage costs will be incurred when purchasing finished products.
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Answer:
$10,000
Explanation:
Calculation for How much of the 2017 minimum tax credit is refundable to LNS in 2018
Refundable minimum tax credit=($100,000-$80,000)*50%
Refundable minimum tax credit=$20,000*50%
Refundable minimum tax credit=$10,000
Note that the 50% represent the refund of the minimum tax credit that is still remaining
Therefore How much of the 2017 minimum tax credit is refundable to LNS in 2018 will be $10,000
Answer:
loss of $5,000 on adjustment of trading debt investments
Explanation:
The comprehensive income statement records gains and losses on the trading debt investments.
By the end of 2022 the trading debt investments had fallen in value to $11,000 from $15,000 representing a loss of $5,000 to be adjusted in the income statement.
Answer:
The correct answer is letter "B": Increasing the money supply could decrease aggregate demand.
Explanation:
The Aggregate Demand is a macroeconomic term describing the total demand in an economy for all goods and services at any given price level in a given period. As such, aggregate demand is the demand for the gross domestic product of a country. The relationship between the price level and the goods and services provided is inversely proportional which implies that the price level rises, the goods and services will have less demand and vice versa.
In that case, if the money supply increases so will the price levels but the goods and services provided will see a dropdown so will the aggregate demand.
