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3 years ago

Which of the following should not be recorded in income and expenditure account?

Business

1 answer:

kirill [66]3 years ago

6 0

Answer:

C. honorarium paid to the secretary

Explanation:

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Your parents have made you two offers. The first offer includes annual gifts of $10,000, $11,000, and $12,000 at the end of each

Diano4ka-milaya [45]

Answer:

$28,216

Explanation:

The computation of the minimum amount that you will accept today i.e present value is shown below:

Year Cash flows Discount factor Present value

1 $10,000.00 0.9259259259 $9,259.26

2 $11,000.00 0.8573388203 $9,430.73

3 $12,000.00 0.793832241 $9,525.99

Total present value $28,215.97

The discount factor should be computed by

= 1 ÷ (1 + rate)^years

6 0

2 years ago

g Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard i

hram777 [196]

Answer:

Variable overhead efficiency variance= $110 favorable

Explanation:

Giving the following information:

The quantity standard is 1.4 hours per unit.

The variable overhead rate standard is $11.00 per hour.

The company produced 1,450 units using 2,020 direct labor-hours.

To calculate the variable overhead efficiency variance, we need to use the following formula:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

standard quantity= 1.4*1,450= 2,030

Variable overhead efficiency variance= (2,030 - 2,020)*11

Variable overhead efficiency variance= $110 favorable

5 0

2 years ago

On January 1, 2021, the Mason Manufacturing Company began construction of a building to be used as its office headquarters. The

Setler [38]

Answer:

1. In 2021, Capitalized interest = $205,000

2. In 2022, Capitalized interest = $3,870,000

3. Total cost = $5,231,980

Explanation:

See the attached file for the calculation

3 0

3 years ago

What do you hope to gain from the course of economic development?

Slav-nsk [51]

Explanation:

An economics degree gives you a high level of mathematical and statistical skills and the ability to apply economic principles and models to problems in business, finance and the public sector. ... numeracy - handling complex data and techniques of mathematical and statistical analysis. problem-solving. analytical skills

8 0

2 years ago

If the marginal product of labor is increasing, the marginal cost of output must be

SVETLANKA909090 [29]

Your answer would be, If the Marginal Product of labor increases/rises, The Marginal Cost of Output FALLS.

If the Marginal Product of labor Falls, The Marginal Cost of Output RISES.

Hope that helps!!!

4 0

3 years ago