Answer:
-$130,000
Explanation:
The computation of the net loss deducted from his return is shown below:
= Income - interest deductions - operating expenses - depreciation expenses
= $20,000 - $80,000 - $45,000 - $25,000
= $20,000 - $150,000
= -$130,000
Since the value comes in negative which reflects the net loss for the year
We simply deduct the revenues from the expenses so that the net income or net loss could come
When society produces the combination of goods and services on the PPF that it values the most highly, society has Allocative efficiency. PPF is defined as the public provident fund, and Allocative efficiency<span> is the point in which the preference of the product consumption is balanced in production levels in an economy. This is specifically related to the benefit of a product or service being equivocal to the cost of making it, directly reflective of consumer preferences.
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Answer:
18,500 WIP balance at September 30th
Explanation:
Job A3B
3,500 direct materials
5,000 direct labor
10,000 Overhead (200% of labor = 5000 x 200%)
18,500 WIP balance at September 30th
The cost added during October will be part of October calculation, on September we should work with September values.
Answer:
1. $31,000
2. $40,000
Explanation:
1. Computation of bad debt expenses for the year
Bad debt expenses = Credit sales × Bad debts expenses
= $1,550,000 × 2%
= $31,000
2. Computation of year end balance
Year end balance = Beginning balance + Bad debt expense - Written off
= $31,000 + $31,000 - $22,000
= $40,000
Therefore for computing the bad debt expenses and year end balance we simply applied the above formula.
