<span>It would be: $3 million ($10 million in cost less $7 million in payment)</span>
The entry is record in book as
Date Particular L.F. Dr. Amt. Cr. Amt.
Income summary a/c $460,500
To Mo a/c $69,300
To Lu a/c $269,500
To Barb a/c $431,200
What is net income?
The total amount of firm profit after deducting all taxes, costs, and interest is referred to as "net income."
Particulars Mo Lu Barb
Capital invested $69,300 $269,500 $431,200
Profit sharing ratio 20/100 40/100 40/100
Profit ($460,500) 92100 184200 184200
As a result, Mo is 92100; Lu is 184200; Barb is 184200 as profit.
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#SPJ 1
Please kindly note that none of the
Options given in the question is correct.
The correct answer is calculated and explained below
Answer:
$79.92 per move.
Explanation:
Activity rate can be calculated by dividing Activity cost budgeted for the particular activity pool by the Estimated or Total Activity base for that pool
Activity rate = Budgeted activity cost ÷ Estimated or Total Activity base
In the question above,
Budgeted Activity cost for material handling = $443,500
Estimated or Total Activity base for material handling (Summation of Total moves) = 1,460 + 760 + 3,700 = 5920 moves
Activity rate = $443,500 ÷ 5920
= $79.92 per move.
Answer:
the use of supply chain partners to provide products or services.
Explanation:
In Business management, outsourcing can be defined as a process which involves an agreement between two companies that allows for the provision of services or job functions by another.
When a company is outsourced, it engages the service of another company (third-party) to perform some of its duties rather than the use of an in-house department or employees to handle them. The outsourcing firm is saddled with the responsibility of physically distributing the goods or services of the outsourced company.
Hence, outsourcing refers to the use of supply chain partners to provide products or services.
The answer to this is 1000
