Answer:
d
Explanation:
D.because it wants to promote unity among employees
Answer:
b) income statement as a $2,320,000 cumulative effect of accounting change
Explanation:
Base on the scenario been described in the question, The change in inventory steps to FIFO from LIFO which made an increase in Inventory should be recorded in the retained earnings statement as a $2,320,000 addition to the beginning balance. Option b is the answer
Answer:
$0.80.
Explanation:
We can find the remaining amount earned by just dedcuting he income tax. The corporation tax will be deducted from the earnings before tax at the rate of 35% and the personal tax will be deducted from the dividends distributed at the rate of 30%.
$
Earnings before taxes 1.75
Dividend distributed $1.1375
less:
Corporate tax ($1.75*35%) (0.6125)
Personal tax (1.1375 X 30%) (0.34125)
Amount remaining $0.80.
Answer:
10.5 is the average productivity per machine.
Explanation:
To calculate the average productivity per machine, the following steps will be taken
Step 1: Calculate the number of brackets produced per hour for Machine 1
The formula is 60 Minutes (total number of minutes in an hour) / 10 Minutes (total time it takes to produce a bracket)
=60/10 = Machine 1 can produce 6 brackets per hour
Step 2: Calculate the number of brackets produced per hour for Machine 2
The same step as machine 1 in step 1 is also taken
= 60 Minutes/ 4 Minutes = Machine 2 can produce 15 brackets per hour.
Step 3: Now calculate the average productivity per machine
To do this, add the number of bracket produced by each machine and divide by 2
= 6 + 15 = 21/2
= 10.5
.