Answer:
The equivalent units of of materials in September = 62,400 units
Explanation:
<em>Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work</em>
Equivalent Units = Degree of work completed (%) × inventory units
Items units workings Equivalent units
Completed unit 58,500 58,500× 100% = 58,500
Closing WIP 6,500 6,500 × 3/5 = <u>3,900</u>
Total equivalent units of materials <u>62,400.</u>
The equivalent units of of materials in September = 62,400 units
It's true a limited liability company that has two or more members can be taxed as a corporation.
Option A) is true.
If you form a multiple-member LLC and do not file a special form with the IRS, the LLC will be taxed as if it were a partnership. You may elect to be treated as an S Corporation by filing IRS Form 2553, Election by a Small Business Corporation.
A multi-member limited liability company is treated as a pass-through entity for federal income tax purposes. As with a sole proprietorship GmbH, this means that the GmbH does not pay its own taxes. Instead, each member pays taxes on the company's income in proportion to their interest in the LLC.
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Answer:
<em>a. True</em>
Explanation:
Yes! the given statement is <em>very true</em>, because as we know that all the level of a nation's rate of interest has an influence on the BOP ( generally known as Balance Of Payments ) financial account, and also relatively low real interest rates are generally encouraged.
An outflow of funds are been pursued at a higher interest rates in an another nation's currency as well.
Answer:
Inventory $200,000
Cash $50,000
Notes payable $150,000
Explanation:
Data provided in the question:
Cost of the inventory purchased = $200,000
Amount paid in cash = one-fourth
= one-fourth of $200,000
= $50,000
For the remaining balance signed a note i.e = $200,000 - $50,000
= $150,000
Now,
This transaction will be recorded as:
Inventory $200,000
Cash $50,000
Notes payable $150,000
