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IrinaVladis [17]
3 years ago
10

The office space is used equally by Dye's sales and accounting departments. What amount of the above-listed items should be clas

sified as general and administrative expenses in Dye's multiplestep income statement?
Business
1 answer:
babunello [35]3 years ago
4 0

Answer:

$940,000

Explanation:

The computation of the general and administrative expense is shown below:

= Legal and audit fees + rent for office space × basis

= $580,000 + $720,000 × 50%

= $580,000 + $360,000

= $940,000

In order to find out the general and administrative expense we simply added the legal & audit fees and the rent for office space so that the correct amount could arrive

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Assume you have a brand new baby today. You plan to make 18 $1,000 annual deposits in her college savings account, starting on h
aleksley [76]

Answer:

After her 18th birthday the balance will be $41,301

Explanation:

Balance right after the 18th birthday is calculated using the formula for future value of annuity

FV = PMT \times \frac{(1+i)^{n}-1}{i}

Annual payment PMT = 1,000

Interest rate i = 0.09

Deposits are made for 18 years: n = 18

The balance in her account will then be:

FV = 1,000 * ( 1.09^18 - 1 ) / 0.09

     = $41,301

7 0
3 years ago
The understatement of the ending inventory balance causes:
Nina [5.8K]

Answer: The correct answer is "E. Cost of goods sold to be overstated and net income to be understated.".

Explanation: The understatement of the ending inventory balance causes:  

<u>Cost of goods sold to be overstated and net income to be understated.</u>

8 0
3 years ago
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified
daser333 [38]

The answer is:<span>
"Trial Balance"

The full sentence will be as follow:
That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a trial balance.
Trial Balance means a statement with all the debits and credits in an account book along with the mention of any difference showing a mistake.</span>

7 0
3 years ago
You do an extensive survey and learn that 15 out of the 200 people surveyed like to eat out on Tuesdays. You then look only at t
Naily [24]

The family should be less likely to eat out on Tuesday as compared to the general population.

Given that,

  • Out of 200 people, 15 people should eat out on Tuesday.
  • Now only look 60 families out of this 10 should be preferred to eat out on Tuesday.

Based on the given information, we can conclude that the family should be less likely to eat out on Tuesday as compared to the general population.

Learn more about the population here: brainly.com/question/8696744

3 0
3 years ago
The current futa tax rate is 0.8%, and the suta tax rate is 5.4%. both taxes are applied to the first $7,100 of an employee's pa
Goryan [66]
The given values in the problem are enumerated below:
futa tax rate = 0.8%
suta tax rate = 5.4 %
Employee's fee = $7,100
Amount taxes = $7100 *(0.008+0.054)= $440.2

When an employee earned total wages of $9100, we can solve the unknown:
Employee's wages =  $9100 + $440.2
Employee's wages = $ 9540.2

3 0
3 years ago
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