Answer:
a. Variable, $85; absorption, $105.
Explanation:
The options that correctly depict amounts included in the per-unit cost of inventory under variable costing and absorption costing is:
i. Variable costing = Variable manufacturing overhead
Variable costing = $85
ii. Absorption costing = Variable manufacturing overhead + Fixed manufacturing overhead
Absorption costing = $85 + $20
Absorption costing = $105
Answer:
For 2019: 30.9, and for 2018: 28.3
Explanation:
Year Net Income Interest Expense Income Tax Expense
2019 $3,212 $187 $2,372
2018 $2,568 $183 $2,424
Times interest earned ratio = earnings before interest and tax (EBIT) / interest expense
2019 EBIT = Net Income + Interest Expense + Income Tax Expense
2019 EBIT = $3,212 + $187 + $2,372
2019 EBIT = $5,771
2018 EBIT = $5,175
Now we can finally calculate the Times interest earned ratios (TIER)
2019 TIER = $5,771 / $187
2019 TIER = 30.9
2018 TIER = $5,175 /$183
2018 TIER = 28.3
An intangible asset that is a distinct name, sign, or symbol that the federal government grants exclusive rights to use for a specified period of time trademarks
A trademark (also a written mark or trademark[1]) is an intellectual property consisting of recognizable symbols, designs, or expressions that identify products or services from a particular source and distinguish them from others. It is a form of public property.[2][] 3 ]The trademark owner can be an individual, business organization, or legal entity. Trademarks can appear on packaging, labels, coupons, or on the product itself. Trademarks used to identify services are sometimes referred to as service marks.
The first Trademark Act was passed in 1266 during the reign of Henry III. It was enacted and required every baker to use a distinctive symbol on the bread they sold. The first modern trademark laws appeared in the late 19th century. France enacted the world's first comprehensive trademark system in 1857. The UK Trade Marks Act 1938 changed the system to allow registration based on "intended use", introduced a process based on an examination, and created a system for publishing applications.
Learn more about trademarks here
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Answer and Explanation:
The preparation is presented below:
<u> McDaniel Company </u>
<u> Partial balance sheet</u>
Particulars Amount
Current liabilities
Note payable $250,000
Long term debt
Note payable refinance $950,000
Total liabilities $1,200,000
We simply added the long term debt and the current liabilities so that the total liabilities could come
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