Usually, a brand promise is some sort of statement said by an organization to its consumers, or customers, stating what the customers may expect from their product(s) and/or service(s).
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Answer:
$80,500
Explanation:
Data provided as per the question
Capital asset = $23,000
Number of year = 5
Income tax rate = 30%
The computation of cash inflow from operations is as shown below:-
Before tax = capital asset × number of year
= $23,000 × 5
= $115,000
Cash inflow from operations = Before tax × (1 - Income tax rate)
= $115,000 × (1 - 0.3)
= $115,000 × 0.7
= $80,500
Answer:
a. $6
b. $3204000
Explanation:
Given:
- Product X is 534,000 units
- cost for materials $1,441,800
- cost for labour: $1,762,200
(a) a standard cost
As we know standard cost is the cost of producing 1 unit and is recorded in a standard cost card. However, the cost of labor, materials and overhead are used to make a single unit, so
standard cost = unit variable cost = the total cost / the total number of unit.
In this situation, the overheading cost is not gven, so the total cost:
= The cost of labor + materials
= $1,441,800 + $1,762,200
= $3204000
=> standard cost = $3204000 / 534,000 = $6
(b) a budgeted cost represents the total costs
The total number of units * standard cost
= 534,000 * 6
= $3204000
Answer:
$45,000
Explanation:
In this case the market value is $200,000 but the policy limit is only $120,000, with a coinsurance of 80%.
Since the amount of loss = $60,000, the insurance company will pay:
(stop limit / value) x loss = ($120,000 / $160,000*) x $60,000 = 0.75 x $60,000 = $45,000
*the $160,000 value is determined by multiplying the fair market value of the property times the coinsurance = $200,000 x 80% = $160,000
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The LIFO inventory method assumes that the cost of the latest units purchased are:
<u>Under the Last-in, First-out method the first units on inventory are the ones left to ending inventory. On the contrary, the last units are the first ones to go to the cost of goods sold. </u>
a. the last to be allocated to the cost of goods sold. False, this is under the FIFO method.
b. the first to be allocated to ending inventory. False, this is under the FIFO method.
c. the first to be allocated to the cost of goods sold. True.
d. not allocated to cost of goods sold or ending inventory. False, they are allocated to cost of goods sold.
