Answer:
Cost of jobs completed in February=
Direct materials issued to production+
Direct labor costs+
Manufacturing overhead applied
=(96000+113000+119000)
=$328000(B).
The
amended Revenue and Taxation Code, Section 73, on the Property Tax on New
Subdivisions, under Assembly Bill 1099 excludes property for a property tax
reassessment for the construction or the addition of an active "solar
energy system." This law is valid RETROACTIVELY from the 1999-2000 fiscal
year forward to the 2008-2009 fiscal year.
Answer:
$496,852.4
Explanation:
We can find the total estimate mary can get in 30 years by finding the annuity factor first and then apply the future annuity formula
Lets denote
first investment as P
r as a annual return
g as a growth
and n as a number of years
DATA
Salary = $55,000
P = $55,000 * 5% = $2,750
g = growth rate = 3%
r = annual return = 5%
n = 30 years
Solution
Future Value of annuity = [P / (r-g)] x [(1+r)^n - (1+g)^n]
Future Value of annuity == [$2,750 / (9%-3%)] * [(1+9%)^30 - (1+3%)^30]
Future Value of annuity == $45,833.333333 * [13.2676785 - 2.42726247]
Future Value of annuity == $45,833.333333 * 10.840416
Future Value of annuity == $496,852.4
Answer:
Explanation:
The journal entry for July 8, 2016 is shown below:
Bank A/c Dr $11,700
Commission fee A/c $300 ($12,000 × 2.5%)
To Sales A/c $12,000
Since the sales is recorded at $12,000 which includes commission fee of $300 ($12,000 × 2.5%) , the remaining balance i.e $11,700 ($12,000 - $300) would be debited to the bank account.
Answer:
The correct answer is B: decreased
Explanation:
Gross Domestic Product (GDP) is the sum of all the finished goods and services produced in a specific period, based on the market value of such items. The data sets are net of inflation, they are calculated adjusting for price changes.
The formula is as follow:
GDP = C + I + G + NX
GDP is the sum of consumer spending C, Investments I, Government spending G, and net exports NX.
<u>Inventory level itself is not part of GDP; however, changes in inventory does affect GDP by affecting investments. So if a corporation chooses to build up its inventory by amount X, it essentially makes an expenditure that increases I by X. Inventory will increase when a company produces more than what it sells.</u>
So a reduction in production affects I, reducing GDP.