Explanation:
Brokerage house is not a formal sector
Answer:
There is three dots click there there is report option click there and send report
Answer:
The Journal entry are as follows:
(i) On May 31,
Miscellaneous Expense A/c Dr. $50
To cash A/c $50
(To record bank service charges)
(ii) On May 31,
Supplies A/c Dr. $18
To cash A/c $18
(To record difference in recording)
Workings:
Supplies = $97 - $79
= $18
Answer:
$35,706
Explanation:
Machining:
= Cost ÷ Total MHs
= $43,200 ÷ (7,300 + 2,700) MHs
= $43,200 ÷ 10,000 MHs
= $4.32 per MH
Order Filling:
= cost ÷ Total orders
= $13,900 ÷ (600 + 1,400) orders
= $13,900 ÷ 2,000 orders
= $6.95 per order
Overhead cost for Product N8:
= Machining + Order Filling
= ($4.32 per MH × 7,300 MHs) + ($6.95 per order × 600 orders)
= $31,536 + $4,170
= $35,706
Answer:
A. None of these.
Explanation:
Perry's capital gains taxes = $25,000 - $10,000 = %15,000 x 15%
both investments were held for periods longer than 1 year
Addition to Perry's ordinary income = $4,000 x 32%
since Perry only owned the investment for 8 months it is considered short term gain