Answer:
Correct option is (C)
Explanation:
Given:
Sales revenue = $440,000
Cost of goods sold = $180,000
Gross profit is sales revenue less cost of goods sold.
Gross profit = 440,000 - 180,000
= $260,000
Other indirect expenses such as advertising, interest, salaries, utilities and income tax expenses are deducted from gross profit to arrive at net profit.
Answer:
B. Debit Cash $8,262; credit Interest Revenue $162; credit Notes Receivable $8,100.
Explanation:
The journal entry to record the payment at the maturity date is as follows:
Cash Debit $8,262
Interest revenue Credit $162
Notes receivable Credit $8,100
Calculation: Interest revenue = $8,100 × 8% = (648 ÷ 360) × 90 = $162
Therefore, cash = Interest revenue + Notes receivable = $162 + $8,100 = $8,262.
Therefore, option B is correct.
The main element that is necessary for ensuring that cost are appropriately charged is that the communication is tracked and are monitored in means of having to check and ensure that there is no complications or misunderstandings that has been happened.
Answer:
C. 13.7
Explanation:
First, we look for the unemployees who seek and want a job
100 people
-10 U-16
-10 retired
-63 employeed
- 7 unemployeed but not seeking for job
10 unemployeed who wants and seeks for a job.
<em>unemployement rate: unemployes / labor force </em>
<u>where:</u>
labor force = employees + unemployees
10 + 63 = 73
unemployement rate = 10/73 = 0.136986 = 0.137
Answer:
A. True
Explanation:
The formula to compute the cost of goods manufactured is shown below:
Cost of goods manufactured = Opening work in process + Manufacturing cost - ending work in process
here the manufacturing cost refers to the direct material cost, direct labor cost and the manufacturing overhead cost i.e. indirect cost that is required to manufacturing a product
hence, the given statement is true