Answer:
Instructions are listed below.
Explanation:
Giving the following information:
During the year, Allyson manufactured 90,000 jet skis. Finished goods inventory had the following units:
January 1: 18,000
December 31: 18,000
A) We need to use the following formula:
Units sold= beginning inventory + production - ending inventory
Units sold= 18,000 + 90,000 - 18,000= 90,000 units
B) Unitary cost= $2,600
Cost of goods sold= sold units* unitary cost
COGS= 90,000*2,600= $234,000,000
That statement is False
Even though is true that export supply is a portion of the domestic supply, but the moment there's an export of products, the curve will curve above the no-trade equilibrium price ( which only stated the equilibrium price when there's no international trade)
Answer and Explanation:
The preparation of the contribution margin income statement for the year is presented below:
Sales (45,000 units × $16 per unit) $720,000
Less: variable cost (45,000 units × $180,000 ÷ 30,000 units) -$270,000
Contribution margin $450,000
Less: fixed cost -$300,000
Net operating income $150,000
Answer: made
Explanation: In simple words, adjustment in accounting refers to the transactions that are not recorded in the accounts yet but actually belongs to it with respect to the time period of their occurrence.
There are generally five types adjusting entries accrued revues, accrued expenses, deferred revenues, deferred expenses and deprecation expenses. Such entries are usually made at the end of the year in their respective accounts.
<span>The rules for the Roth early distribution are as follows :
Unless an exception applies, most distributions from a Roth IRA before the owner reaches age 59 1/2 will be subject to an "early withdrawal penalty" of 10% on the amount of the distribution. This is IF a person has kept the amount in the account for
his required five year tax period rule. If this condition has been met, the total penalty would be $ 2000.00</span>
