Answer:
Non whites, young and high school gradates.
Explanation:
- The US unemployment rate is about 5.9% and has decreased form 6.9% in 2020. Most of unemployment people are the youth and non whites and school pass outs.
Answer:
Total Cost of the jobs: 434,500
Explanation:
DM 120,000
DL 144,500
MO applied 158,000
adjustment for MO to COGS 12,000
(because is a job order costing, in most cases the actual manufacturing overhead is know after the job is done)
<u>Notice</u> the <em>indirect mateirals represent MO </em>so it will be as part of that concept.
Total cost:
120,000+ 144,500 + 158,000 + 12,000 = 434,500
Answer:
Be included as a component of income from continuing operations for 20X9
Explanation:
To find out the correct balance of income from continuing operations, we have to add the loss as the loss is added in the income from continuing operations.
Moreover, in this question the golden rule of accounting applies which says:
Debit all losses and expenses and credit all income and gains which apply in the nominal account that record any type of transactions. example - sales account, purchase account, etc.
Answer:
13%
Explanation:
Given that,
Investment (100% equity) = $700,000
EBIT = $140,000
Tax rate = 35%
Earnings after tax:
= Investment (100% equity) + Earnings before interest and taxes - Tax (35%)
= $700,000 + $140,000 - ($140,000 × 0.35)
= $840,000 - $49,000
= $91,000
ROE = Earnings after tax ÷ Investment
= $91,000 ÷ $700,000
= 13%
Answer:
The simple rate of return on the investment is closest to 7.41%.
Explanation:
This can be calculated as follows:
Equipment cost = $135,000
Annual profit = Annual sales revenue - Annual operating expenses - Annual depreciation on the equipment = $75,000 - $38,000 - $27,000 = $10,000
Therefore, we have:
Simple rate of return on the investment = Annual profit / Equipment cost = $10,000 / $135,000 = 0.0741, or 7.41%
Therefore, the simple rate of return on the investment is closest to 7.41%.