Yes because most likely if the existing company is not already global then it probably does not have a very big name so you will have t restart in trying t get another audience and advertise your business to them. Sorry if this isnt right.
Answer:
$740
Explanation:
The computation of phantom profit is shown below:-
According to FIFO,
Closing Stock = (390 × $12) + ( 40 × $11)
= $4,680 + $440
= $5120
According to LIFO
Closing Stock = (350 × $10) + (80 × $11)
= $3,500 + $880
= $4,380
Amount of Phantom Profit
= $5120 - $4,380
= $740
Therefore for computing the phantom profit we simply deduct LIFO from FIFO.
Answer:
Cost of goods manufactured= $838,000
Explanation:
Giving the following information:
Factory overhead cost was applied at 125% of direct labor cost.
January 1:
Direct materials $ 80,000
Work in process 69,000
Finished goods 118,000
December 31:
Direct materials $43,000
Work in process $45,000
Finished goods $103,000
Direct materials purchases $ 327,000
Cost of good available for sale= 956,000
Cost of good available for sale= beginning finished inventory + cost of goods manufactured
956,000= 118,000 + X
Cost of goods manufactured= $838,000
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Answer:
The correct answer is C. Permanent.
Explanation:
The permanent fund is one of the five types of government funds established by the GAAP. It is classified as a restricted real endowment fund for governments and nonprofit organizations. Simply put, a permanent fund can be used to generate and disburse money to those who are entitled to receive payments by qualification or agreement, as in the case of Alaska citizens or residents who meet the standards for the payment of their state oil revenues . It was first introduced through the GASB Declaration 34. The name of the fund comes from the purpose of the fund: a sum of capital used to generate payments permanently to maintain some financial obligation. In addition, a fund can only be classified as a permanent fund if the money is used to report the status of a restricted financial resource. The resource is restricted in the sense that only the earnings of the resource are used and not the principal. For example, a fund can be classified as a permanent fund if it is used to pay accounting services for a permanent endowment of a government-run graveyard or financial endowments for a government-managed library.