Answer:
12 months
2020 $22,400
2021 $22,400
24 months
2020 $22,400
2021 $44,800
Explanation:
Calculation to Determine the income to be recognized in taxable income in 2020 and 2021.
Length of Contract
12 months
2020 Income=$44,800 * 6/12=$22,400
2021 Income=$44,800 * 6/12=$22,400
24 months
2020 Income=$89,600 *6/24=$22,400
2021 Income =$89,600 *12/24=$44,800
Therefore the income to be recognized in taxable income in 2020 and 2021 will be:
12 months
2020 $22,400
2021 $22,400
24 months
2020 $22,400
2021 $44,800
Answer: C. II and III
Explanation:
There are 5,000,000 shares of PDQ Corporation as of when they declared the rights offering. This means that every share will get a right to buy stock.
However, as only 1,000,000 shares are being offered per the 5,000,000 shares outstanding it means that one stock may be purchased for every 5 rights.
A customer who owns 500 shares will therefore get 500 rights.
However with one stock up for sale per 5 rights they will receive the opportunity to buy;
= 500/5
= 100 shares
Answer:
Materials 187,230
Conversion 182,200
Explanation:
FIFO method, from the started units we will add the reamining work onthe beginning WIP invnetory and subtract the undone part of the ending WIP inventory
Materials
Started units 176,000
October 1st 27,000 x (1 - 57%) = 11,610
October 31th 20,000 x (1-81%) = (380)
Equivalent Units 187,230
Conversion
Started units 176,000
October 1st 27,000 x (1 - 33%) = 18,000
October 31th 20,000 x (1-41%) = (11,800)
Equivalent Units 182,200
Solution:
Carla Inc.
Pension Worksheet - 2020
<u>General journal Entries</u> <u>Memo Record</u>
Items Annual pension Cash Pension Projected Plan
expense Asset/liability benefit oblig. assets
Balance, Jan 1 470,900 470,900
Service cost 38,500 38,500
Interest cost 37,672 37,672
Actual return 46,800 46,800
Contributions 24,300 24,300
Benefits 34,700 34,700
Journal entry, 29,372 24,300 5072
Dec 31, 2020
Balance, Dec 31 5072 512,372 507,300
2020
105 if the vegetables, fruits, and cheeses are unique.
6 if the vegetables, fruits, and cheeses are interchangeable.
There are 2 possible solutions to this problem depending upon how you actually look at the problem. Both solutions assume that the problem gets simplified to "What 13 items out of the 4 vegetables, 5 fruits, and 6 cheeses, will Marlon select?" The reason is because Marlon is going to select the 7 breads, so he can only select 13 more items.
First possible solution is that the vegetables, fruits, and cheeses are unique. For instance he has peas, carrots, tomatoes, and beans as his vegetables and the same for fruits and cheeses. For that situation, the number of ways to fill the remaining 13 slots is 15!/(13!2!) = 105 possible ways.
The second possible solution is that he has 4 identical vegetables, 5 identical fruits, and 5 identical cheeses. Since each item of each type is identical, there isn't any real distinction between them. So let's simplify the problem and instead as "Which 2 items Marlon won't buy?" and the answer to that question will be the same as the number of things he will buy. But it will be small enough to completely enumerate the possible solutions. Marlon may throw away as the first item any of a vegetable, fruit, or cheese for a total of 3 possibilities. And for the 2nd item, it can also be any of a vegetable, fruit, or cheese. So you have 9 possibilities. But that's not completely true. There's no real difference between vegetable/cheese and cheese/vegetable. So if you ignore the order, there's a total of 6 different combinations that Marlon can toss out of his cart. And therefore there is a total of 6 possibilities for Marlon to fill the remaining 13 slots he has in order to use the express lane.
