Answer:
The value of cost of goods sold is $2,730 as shown below
Explanation:
The sale of 120 units made on January 17 is valued at $1,080 (120*$9) taking from stock purchased last on January 1
The sale of 160 units on January 29 is valued at $1,650 (150 units*$11) taking the items purchased last on January 20
The cost of goods sold =$1,080+$1,650
Cost of goods sold=$2,730
The value of closing inventory=30*$9+10*$11
=$270+$110
=$380
Hence value of costs of good sold is $2,730 while closing inventory is valued at $380
As long as one started working, he/she is then responsible to paying taxes to the government or to the state. The tax that he is paying is used for the programs planned by the government for the sake of the citizens. If you have been working but is not paying tax, it just seems that you have not worked at all. You will not have any record of being a tax payer and the government will count you in as someone who is unemployed.
Answer:
B. $1,728
Explanation:
Data given in the question
Number of computer equipment purchased = $30,000
So, by considering the above information the maximum depreciation expense is
= Number of computer equipment purchased × depreciation rate under MACRS for 5 years property × half year basis
= $30,000 × 11.52% × 0.5
= $1,728
Refer to the MACRS table to find out the depreciation rate
I believe the answer is: Statements on Standards for Accounting and Review Services.
Statements on Standards for Accounting and Review Services refers to an authoritative declaration on an unaudited financial statement (usually the financial statement of the company that is not selling its share on the market). This statement is issued by Accounting and Review Services Committee.
Answer:
Producing 4 units yields the highest marginal revenue at 1500.
Explanation:
To calculate marginal revenue we look at the change in revenue figure compared to the change in units. In other words dividing the change in total revenue by the change in total output quantity.
Based on the information given these are the changes in marginal revenue per quantity.
1. 1200
2. 2200 - 1200 = 1000
3. 3400 - 2200 = 1200
4. 4900 - 3400 = 1500
5. 5500 - 4900 = 600
6. 6000 - 5500 = 500
7. 6500 - 6000 = 500
8. 6200 - 6500 = (300)
Thus based on the comparisons of the different quantities optimal marginal revenue is reached at 4 units of production. 1500 total marginal revenue
