Petty Cash is a liability with a normal debit balance. True or false

sukhopar [10]

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7 0

3 years ago

Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to

yaroslaw [1]

Answer:

False

Explanation:

Dual taxable is a tax concept that refers to taxes on income taxed twice from the same.
It can arise if income is earned mostly at the personal and corporate rates. For international commerce or spending double taxation often happens when the same income is taxed for two various countries.
Dual taxation is a condition that concerns every company when the corporate and personal profits are taxed.
The business will pay corporate income tax before any gains are available to investors.

7 0

3 years ago

With respect to cost classifications for preparing financial statements: a. What is the total product cost? b. What is the total

strojnjashka [21]

Answer:

Note: The full question is attached as picture below

1a Direct materials $70,000

Direct labor $35,500

Total manufacturing overhead $43,700

Total product cost $149,200

b. Total selling expense $30,600

Total administrative expense $29,300

Total period cost $59,900

2a. Direct materials $70,000

Direct labor $35,500

Total direct manufacturing cost $105,500

b. Variable manufacturing overhead $15,400

Fixed manufacturing overhead $28,300

Total indirect manufacturing cost $43,700

3a. Direct labor $35,500

Manufacturing overhead

Variable manufacturing overhead $15,400

Fixed manufacturing overhead $28,300 $43,700

Conversion cost $79,200

b. Direct materials $70,000

Direct labor $35,500

Prime cost $105,500

4a. Direct materials $70,000

Direct labor $35,500

Variable manufacturing overhead $15,400

Total variable manufacturing cost $120,900

b. Fixed selling expense $18,400

Fixed administrative expense $25,200

Total fixed cost $71,900

c. Direct materials $70,000

Direct labor $35,500

Variable manufacturing overhead $15,400

Variable selling expense $12,200

Variable administrative expense $4,100

Total variable cost (a) $137,200

Number of units produced and sold (b) = 1,000 units

Variable cost per unit produced and sold a/b= $137,200/1,000 units = $137.20

5. Incremental cost per unit produced = Total variable manufacturing cost / Number of units produced and sold = ($120,900/1000 Units) * 1 = $120.90

7 0

2 years ago

What do members of Congress do when they are trying to get reelected, influence Congress, and make policy in areas they think ar

svetlana [45]

Answer:

a) Join committees

Explanation:

Joining committees will help members of the congress because committees control the vast majority of money flowing into and through from the government of the country.

5 0

3 years ago

Read 2 more answers

a project manager wants to minimize risk and provide some independent checks and balances on contractor work. which contract mod

Harrizon [31]

The organization should use Construction management.

What is Construction Management?
Construction management is a specialized service that gives project owners effective control over the project's budget, timeline, scope, quality, and function. All project delivery techniques are compatible with construction management. No of the situation, the owner and a successful project are the duty of the construction manager (CM).

Three partners, excluding the CM, make up a capital project at its core:

The owner, who commissions the project and either provides direct funding for it or does so in a number of other ways.

The project's designer, the architect or engineer.

The general contractor is in charge of managing subcontractors and supervising daily activities.

To learn more about Construction Management
brainly.com/question/6500846

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7 0

2 years ago