Answer:
$12,200
Explanation:
Sales including sales tax = $13,359
Sales tax rate = 9.5%
Let the sales be = $X
Sales tax payable = Sales * Sales tax rate
Sales tax payable = X * 9.5%
Sales tax payable = 0.095X
Sales + Sales tax = Sales including sales tax
X + 0.095X = 13,359
1.095X = 13,359
X = 13,359/1.095
X = $12,200
So, Sales = $12,200. Thus, in the books of the lumber company, Revenue should be credited for $12,200
Answer:
$2,100
Explanation:
The difference between variable costing income and absorption costing income arises due to fixed cost deferred in inventory. This is the total fixed manufacturing overhead that will be expensed under absorption costing.
Calculation :
Fixed Cost in Inventory = $11,200 - $9,100
= $2,100
Answer:
$17,000,000
Explanation:
Balance in common stock after the issuance = $1700,000 x $10
Balance in common stock after the issuance = $17,000,000
You can't find difference between balance of common stock, additional paid-in capital, and retained earnings when a company issues a stock split But there would be surely a change in par value and number of outstanding shares. Market value of share will either increase or decrease.
Answer:
The kind of data source is not know.
Explanation:
Data can be define as the quantitative or qualitative values of variable.
Data is thought to be the lowest unit of information from which other measurements and analysis can be done.
There are various method of interpreting data. Data sources are broadly divided into two;
1) primary data; primary source provides direct or firsthand evidence about an event.
2) secondary data; Secondary sources describe, discuss, interpret, comment upon, analyze, evaluate, summarize, and process primary sources.
Drawing a conclusion from data set not known might lead to wrong conclusion about the investment strategy to apply.
Answer:
E) matrix departmentalization
Explanation:
Matrix departmentalization is an organizational structure that combines functional and task force departmentalization in order to improve economies of scale and/or customer service.
Commerce Insurance Services is divided functionally in five divisions, and each division is also divided along product lines (tasks).