Answer:
Net operating income= 15,000
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
<u>In this case, there is no beginning nor ending inventory. Fixed overhead is incorporated into the cost of goods sold in full.</u>
Sales= 500*100= 50,000
COGS= (10 + 25 + 15)*500 + 10,000= (35,000)
Gross profit= 25,000
Total selling and administrative costs= (5*500) + 7,500= (10,000)
Net operating income= 15,000
Answer:
Lia may deduct $110,000 and $135,000 of the net passive losses in 2017 and 2018 respectively.
Explanation:
2017 Passive Activity Limitations $190,000
Passive Income ($80,000) – loss allowed to the extent of passive income
Suspended Passive Activity Limitations $110,000
2018 Passive Activity Limitations $190,000
Passive Income ($55,000) – loss allowed to the extent of passive income
Suspended Passive Activity Limitations $135,000
$245,000 Suspended Passive Activity Limitations
Answer:
b. a consumer’s own experience
Explanation:
When buying a certain product/service, costumers rely on certain expectations that guide them through the process of choosing.
Naturally, the most trusted source of expectations is a consumer’s own experience. <em>Empiricism </em>has reasonable arguments for this marketing management application of experience. We always tend to trust our own past experiences, rather than an experience or review of somebody else, no matter how close that person is.
The Credit Card Accountability Responsibility and Disclosure Act of 2009 or Credit CARD Act of 2009 is a federal statute passed by the United States Congress and signed by President Barack Obama on May 22, 2009.
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<span>health insurance
retirement savings</span>
