It is C, the guy above or below me was indeed correct! i think at least. im taking the test rn
Answer:
Annual net operating income= $14,850
Explanation:
The annual net operating income is the incremental sales less costs of good sold and annual depreciation.
Annual depreciation = (Cost of equipment - Salvage value)Number of years
= (289,200-0)/4 = 72,300
Increase in sales= $249,000
Annual net operating income = 249,000- (65%×249,000)-72,300=301,200
Annual net operating income= $14,850
<span>Mariann is evaluating this multimedia according to the accuracy principle as a type of CRAAP principle.
</span><span>CRAAP stands for Currency, Relevance, Authority, Accuracy, Purpose and accuracy is the principle that</span> determines the reliability, truthfulness and correctness of the content. The fact that Mariann <span>pays attention to the production value means that she is evaluating the accuracy principle.</span>
Answer: The following is not considered cash for financial reporting purposes: <u><em>Postdated checks and I. O. U.'s</em></u>
A post-dated checks is a referred to as a check signed by the drawer for a date in the future.
whereas;
IOU which is further abbreviated as "I owe you" is an informal agreement acknowledging debt.It is different from a promissory note i.e. It is not a negotiable instrument and does not classify repayment keywords.
Answer:
Total unit cost= $736.5
Explanation:
Giving the following information:
Units in beginning inventory 0
Units produced 20,000
Units sold 17,000
Units in ending inventory 3,000
Variable costs per unit:
Direct materials $160
Direct labor $470
Variable manufacturing overhead $58
Variable selling and administrative$25
Fixed costs:
Fixed manufacturing overhead $970,000
Fixed selling and administrative $570,000
Absorption costing:
Variable direct material= 160
Direct labor= 470
Variable manufacturing overhead= 58
Fixed MOH= 970000/20000= 48.5
Total unit cost= $736.5