Answer:
$186,900
Explanation:
The gross profit is the difference between the sales revenue and the cost of good sold. The gross profit percentage is the ratio of gross profit to net sales expressed as a percentage.
As such, the net operating income/loss is the difference between the sales and the total costs
.
To get the net income, we would first get the gross income.
Gross income
= $730,000 - (40% * $730,000)
= $438,000
Next we must compute the net income before tax. This is the difference between the gross income and the operating expenses
= $438,000 - $90,000 - $81,000
= $267,000
Income tax expense = 30% * $267,000
= $80,100
budgeted net income for 2018
= $267,000 - $80,100
= $186,900
Answer:
Money serves as a medium of exchange, as a store of value, and as a unit of account.
Answer:
- Materials - 100,400
- Conversion - 95,600
Explanation:
Equivalent Units = Units Completed and Transferred out + Ending Work in Progress.
Materials Equivalent Units
Ending Work in Progress = 90% * 16,000
= 14,400 units
Equivalent Units = 86,000 + 14,400
= 100,400 units
Conversion Equivalent Units
Ending Work in Progress = 60% * 16,000
= 9,600 units
Equivalent Units = 86,000 + 9,600
= 95,600 units
Answer:
A. the markets cannot be allocationally efficient
Explanation:
If the U.S. capital markets are not informationally efficient, the markets cannot be allocationally efficient