Answer:
equal equilibrium error. the value of 115 spring constant
Explanation:
Answer: The deferred tax are reported as non-current on the balance sheet.
Explanation:
Non-current field in a balance sheet include valuation allowance along with deferred tax.
Deferred tax can fall under the category of liability or asset.
When a company pays extra or advance tax to the government, it falls under deferred tax asset category and same will be returned back to the company.
When there is a difference between company's accounting and tax carrying values, then deferred tax is considered as liability in the balanced sheet.
In case deferred tax is a liability then company will have to pay that extra tax because of a transaction that took place in this period and resulted in the difference.
Answer:
The inventory turnover is 0.5
Explanation:
Inventory turnover ratio or stock turnover ratio is ratio which tells about how much of inventory company has sold and how much of it is left. This ratio helps management in making right decisions regarding pricing and marketing strategy, manufacturing etc.
FORMULA FOR CALCULATING INVENTORY TURNOVER RATIO =
Here we will take cost of goods sold not sales because by taking cost of goods sold we will get better accuracy , as sales will include a mark up over cost.
Average inventory will include raw material inventory, finished goods and work in progress
Therefore the average turnover ratio is 0.5
Answer:
What I'm confused just points?
Answer:
$651,076
Explanation:
Preparation of a budgeted functional income statement for 2015.
PENDLETON COMPANY budgeted functional income statement for the year 2015.
Sales $3,307,200
($3,000,000*106%*104%)
Less: Estimated uncollectible accounts $66,144
($3,307,200*2%)
Net sales $3,241,056
($3,307,200-$66,144)
COGS $1,767,480
(1,650,000*104%*103%)
Gross Profit $1,473,576
($3,241,056-$1,767,480)
Operating expenses $822,500
[(725000*110%)+25000]
($750,000-$25,000=$725,000)
Net Income $651,076
($1,473,576-$822,500)
Therefore the budgeted functional income statement for 2015 is $651,076