Answer:
"$127.11 per unit" is the correct approach.
Explanation:
The activity cost as per the questions will be:
Activity 1:
= 
= 
($)
Activity 2:
= 
= ($)
Activity 3:
= 
= 
($)
Now,
The overhead cost for digital cameras will be:
= 
= 
= 
($)
Per unit overhead cost will be:
= 
= 
($)
hence,
The total cost will be:
= 
= 
= 
($)
A withholding you might see on your pay stub can include a retirement savings or a health insurance payment.
Answer:
$30,560
Explanation:
The computation of the income tax expense for the year 2016 is shown below:
= Taxable income × enacted tax rate
= $152,800 × 20%
= $30,560
Simply we multiply the taxable income with the enacted tax rate so that the correct amount of income tax expense can come
All other information which is given is not relevant. Hence, ignored it
Answer:
Alpha
The effects on assets, liabilities, and net income are as follows:
Assets are understated by $500
Liabilities are understated by $700
Net income is overstated by $200
Explanation:
a) Data and Calculations:
Interest earned from a note receivable = $500
Interest incurred from a note payable = $700
Failure to record these has the following effects:
Assets are understated by $500 (< $500)
Liabilities are understated by $700 (< $700)
Net income is overstated by $200
b) Adjusting Journal Entries (AJEs) ensure that the accounts are up-to-date in accordance with the accrual concept of financial accounting. The accrual concept requires that transactions affecting a financial period must be reported in the affected period. This implies that expenses incurred must be recognized in the period they are incurred and not when cash is paid. Similarly, revenue earned must be recognized in the period they are earned and not when cash is received.
Answer:
Kindly check attached picture
Explanation:
Kindly check attached picture for detailed explanation
