Answer:
b. first-in, first-out.
Explanation:
Generally, there are three methods for estimating the inventory shown below:
1. First-in-first, the company is selling the old products in this way than the new ones, which means first selling the old products and then selling the new ones
2. Weighted average method: Weighted cost is measured by considering the total revenue and total purchase
3. Last-in-first-out: Contrary to the first-in-first-out process, the first sale of new goods, then selling of old goods.
4. Base stock: The process by which the orders of the consumer are fulfilled by holding the less inventory
In the FIFO method, the highest ended inventory results in the lower cost of goods sold at the highest net profits.
Angela wants to calculate her take-home pay. She earns $1,377 monthly.
She pays federal tax of $200
state tax of $41.31,
and 7.65% in FICA tax.
Let's solve for Angela's monthly net pay.
=> 1 377 dollars * 0.0765 = 105.34 dollars is the FICA tax
=> 1 377 - (105.34 + 200 + 41.31)
=> 1377 - 346.65 = 1030.35 dollars is her monthly net pay,
Answer:
$45
Explanation:
Calculation to determine What will be the balance in the DTL account in Alpha's 2015 balance sheet
Using this formula
Deferral Tax Liabiltiy balance =(2015 Reported depreciation expense on tax return-2015 Reported depreciation expense on income statement)*Tax rate
Let plug in the formula
Deferral Tax Liabiltiy balance=($200-$50)*30%
Deferral Tax Liabiltiy balance=$150*30%
Deferral Tax Liabiltiy balance=$45
Therefore What will be the balance in the DTL account in Alpha's 2015 balance sheet is $45
Answer:
The civilian labor force is 49 millions
Explanation:
40 millions employed + 9 millions unemployed = 49 millions labor force
The labor force or work force force, refers to the people employed or looking for work in the country or segment of the economy.
Answer:
Crediting Account Receivable $700
Explanation:
Crediting Account Receivable with $700
Because the $700 is UNCOLLECTIBLE which means they are debts which will not to be paid due to the inability to find the debtor or the debtors is bankrupt leading to decreased or reduction in the company ACCOUNT RECEIVABLES
Therefore Account Receivable can be said to mean the amount of cash or money that a company is expected to receive for services rendered or for providing goods and services to their customers on credit.
Example in a case where a cash payment is received from the debtor cash will definitely increased and the accounts receivable will eventually decreased or reduced.
