Answer:
Increamental net income = $529,920-$478.610 = $51310
Explanation:
Total sales revenue before the further processing = $22.9 * 20,900 =
$478.610
Total net sales revenue after the further processing = ($30.9 *12900)+($20,9*6900)-$12,900 = $529,920
Increamental net income = $529,920-$478.610 = $51310
Answer:
understated assets, retained earnings, and net income
Explanation:
As in the given case, the inventory balance at the end of the year does include the $10,000 of inventory plus it also excluded from the physical count
So, if the error is not found, the effect of this error is assets are understated instead of overstated which results the retained earnings and the net income understated
The aspect of economics that looks at the desirability of some sections of the economy and underlies expressions of support for some economic policies is called Normative Economics.
<h3>What is the focus of Normative Economics?</h3>
Normative economics focuses on how economic policies impact the people. That is the outcome of economic goals and public policy and what those policies ought to be.
In other words, it is very subjective in nature and focuses on what should be rather than what is.
See the link below to learn more about Normative Economics:
brainly.com/question/20841086
Answer:
manufacturing overhead underallocated for the year $124,102.4
Explanation:
we distribute the expecte rate over the cost dirver
582,100 / 135,000 = 4.3185
150400 x 4.3185 = 649502.4 applied overhead
applied - actual = over or underappied
if actual > applied = underapplied
if actual < applied = overhead
525,400 - 649,502.4 = -124,102.4
Answer:
Increase.
Explanation:
We know,
Coupon rate > yield to maturity = Premium or > Market price
Here,
Coupon rate = 5%
Interest rate or YTM = 4%
From the formula,
We can say that as the coupon rate is greater than YTM, the market price of a $1000 issued bond will be increased. We can say that the bond is selling at a premium price because the interest rate is decreasing.