Answer:
$27,000
Explanation:
The computation of the amount of factory maintenance department costs that would be allocated to the fabrication department is shown below:
= Fabrication square foot occupied ÷ Total square foot occupied × factory overhead cost of factory maintenance department
= 20,000 ÷ 50,000 × $67,500
= $27,000
The overhead cost of factory maintenance department is allocated on square foot occupied and the same is considered
The total square foot occupied is
= 20,000 + 30,000
= 50,000
Answer:
$602,000
Explanation:
Since the foreign currency is the functional currency in this case, what is required to be done is the translation of the balance sheet accounts, not a remeasurement of the accounts.
The guiding principle is that when the financial statement of subsidiary is prepared using functional currency, assets and liabilities should be translated using the current rates.
Since $602,000 is the total using the current in the question, the total amount that should be included in Tulip's balance sheet in U.S. dollars is therefore $602,000.
Acquiring a government job based on political loyalty, without regard to ability, is called <span>political patronage.
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The statement that All things being equal, taxpayers, should prefer to recognize deductions during high tax-rate years is True.
<h3>Who are taxpayers?</h3>
The taxpayers are individuals or organization that is been given responsibility by the government to pay their tax.
However, taxpayers, should prefer to recognize deductions in the period of income during low-tax rate years.
Learn more about tax at:
brainly.com/question/13757943
Answer:
FV= $11,733.20
Explanation:
Giving the following information:
Annual deposit= $2,000
Number of periods= 5 years
Interest rate= 8% = 0.08
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,000*[(1.08^5) - 1]} / 0.08
FV= $11,733.20