Answer:
$1,000
Explanation:
As we know that
Cost of material used = Beginning balance of inventory + purchase made during the month - ending balance of inventory
$900 = $200 + purchase made during the month - $300
$900 = -$100 + purchase made during the month
So, the purchase made during the month would be
= $900 + $100
= $1,000
We simply added the purchase to the beginning inventory and deduct the ending inventory
Answer:
The correct answer is a. In arriving at taxable income, a taxpayer must choose between the standard deduction and itemized deductions.
Explanation:
In tax law, the tax base is the magnitude that results from the measurement of the taxable event. It is defined as the dimension or magnitude of an element of the objective budget of the taxable event that is judged as determining the relative contributory capacity.
In tax legal relations, the taxable event shows the existence of an economic capacity in the subjects, but for the tax to be applied, this fact must be assessed in some way, usually in monetary units.
The tax base is ultimately the magnitude that is used in each tax to measure the economic capacity of the subject, such that it is reflected in ceilings.
Answer:
the function responsible for the coordination of planning, sourcing, purchasing, moving, storing and controlling materials in an optimum manner so as to provide a pre-decided service to the customer at a minimum cost
Answer:
Value of inventories
1. Rulers = 100*$6 = $600
2. Pencils = 70*$8 = $560
3. Notebooks = 120*$7 = $840
Total $2,000
Value of inventories after additional information
1. Rulers = [(100*$6) + $15] = $615
2. Pencils = (70*$8) + (70*$0.50) = $595
3. Notebooks= (120*$7) + $12 + (120*$0.10) <u>$864</u>
Total <u>$2,074</u>
The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.
<h3>What is
Doubtful Accounts?</h3>
It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."
The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.
Thus, option B is correct.
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