Answer:
$37,700
Explanation:
Ending balance in WIP = 13,500 + 41,000 + 58,000 + 32,800 - 86,000
Ending balance in WIP = $59,300
Direct material charged to Job #23 = $59,300 - $12,000 - ($12,000*80%)
Direct material charged to Job #23 = $59,300 - $12,000 - $9,600
Direct material charged to Job #23 = $37,700
Answer:
We need to save $2,964 each year until retirement to reach our retirement goal.
Explanation:
First lets assume that we have retired, we now need to find the present value of all our future cash flows, which means we need to find out the present value of 40,000 every year. We will input the following in a financial calculator.
FV=0
PMT= -40,000
I=6
N=20
Compute PV= 458,796
This PV is what present amount of the future payments we will need at the start of our retirement which is after 40 years. This represents the amount of money we need to have at the end of 40 years in order to have enough for our retirement. Which means we can use this as the future value. Now we need to find how much do we have to save each year so we have 458,796 at the end of 40 years.
In a financial calculator we will input the following.
FV= 458,796
PV=0
I=6
N=40
Compute PMT= 2,964
We need to save $2,964 each year until retirement to reach our retirement goal.
Answer:
sale is $4000
Explanation:
given data
margin ratio = 25%
sales = $260,000
operating profit = $66,000
solution
we get here Break even sales that is express as
Break even sales = Fixed expense ÷ Contribution Margin Ratio ...........1
put here value
$260,000 = Fixed Expenses ÷ 25%
Fixed Expenses = $65000
so here we consider sale is = x
we know net income is express as
Net Income = Contribution - Fixed Expenses ................2
so Contribution = 25% x
put value in equation 2
25% x - $65000 = $66,000
solve it we get
x = 4000
so sale is $4000
Answer:
1. To encourage various groups to come forward and report fraud, Dodd-Frank extended whistle-blowing privileges and rewards to which of the following?
D. <u>All of these are correct.</u>
2. Whistleblowers who meet the criteria are eligible to receive an award based on what was collected as a result of the monetary sanctions. This can vary from_________.
a. <u>1 to 10 percent.</u>
<u></u>
Explanation:
<em>In whistleblowing against a fraud in a company or an organization, the maximum amount which the whistleblower can receive is 10% of the money recovered (or involved) while the least amount would be 1% of the said recovered money</em>
A taxidermist is a person who practices taxidermy.
