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Inessa [10]
3 years ago
11

A job cost sheet is a form prepared for each separate job that records the materials, labour, and overhead costs charged to the

job. True or False
Business
1 answer:
likoan [24]3 years ago
8 0

Answer:

True

Explanation:Job cost sheet - it is formed that consists of all details related to the job profile like material, overhead cost, etc.

It is considered an important part of the job which keeps an updated accounting record. it includes the manufacturing cost record and it used in the end process to compute and finalized the cost of product and service.

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M1 is comprised of currency held outside banks + traveler’s checks + __________.
leva [86]
<span>M1 is comprised of currency held outside banks + traveler’s checks + Checkable Deposits
Checkable deposits are a bank account which contain the amount of fund that you could use to write a check. In most cases, as long as the amount is sufficient, there is no restriction or limitation for this account</span>
5 0
3 years ago
Spartan Corporation, a U.S. corporation, reported $2 million of pretax income from its business operations in Spartania, which w
pashok25 [27]

Answer:

A. = (15% X $2M) + (21% X $2M) = $720,000. Since there is no mechanism for mitigating double taxation, the branch profit will be taxed on the to tax rate of 15% and 21% which is $300,000 and $420,000.

B. The total tax for $2m branch profit if US corporations can remove foreign based profit from US taxation will be just the 15% x $2m = $300,000.

C.If they are allowed to take deductions for foreign income taxes, the total tax on the $2m branch profit will be (21% -15%) x $2m = $120,000.

Explanation:

D.1. If credit are allowed for foreign income tax paid, total tax will be ($2m - $300,000 been foreign tax paid) x 21% = $357,000

D.2.

If the charge foreign income taxes at 30% and US corporations can claim refundable credit for foreign income tax paid on foreign source income = ($2m - $300,000 been the foreign income tax paid) = $1 700,000 x 30% = $510,000

8 0
3 years ago
Dave's Auto Supply custom mixes paint for its customers. The shop performs a weekly inventory count of the main colors used for
Elenna [48]

Answer:

sry I just wanted the points I'm in middle school so I don't know this stuff either but can you give free brainlyest I'm soo close to my next rank I'd really appreciate it if you would

5 0
2 years ago
Canyon Buff Corp. is considering the purchase of a new piece of equipment which would cost $11,000. This equipment will have a f
Furkat [3]

Answer:

Tax shield on depreciation = 600

Explanation:

given data

new piece of equipment = $11,000

salvage value = $1,000

marginal tax rate = 30%

average tax rate = 20%

time period = 5 year

to find out

net effect of annual depreciation on the free cash flow

solution

we know here cost of asset and  Salvage value so we get depreciation cost  

depreciation cost is = 11000 - 1000 = 10000  

and

annual depreciation = 2000  

so that Tax shield on depreciation will be

Tax shield on depreciation = 2000 × 30%

Tax shield on depreciation = 600

5 0
3 years ago
The current yield is defined as the annual interest on a bond divided by the: Multiple Choice coupon rate. face value. market pr
kherson [118]

Answer:

The current yield is defined as the annual interest on a bond divided by the: market price

<h3><u>Explanation:</u></h3>

When investors acquire bonds, they do so essentially to produce income. The demanded annual rate of return is summoned as the current yield, and it is a gathering of the prevailing price and the amount of interest the bond meets.

current yield is a crucial measure because it determines the rate of return on your expense for as longspun as you hold the bond. The current yield is equivalent to the annual interest gained divided by the current price of the bond.

6 0
3 years ago
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