Answer:
Investment/savings Income sources
Trading in Bonds : Capital gains and interest income
Buying and selling properties : Capital gains only
Trading in company stocks : Capital gains and Dividends
Opening a CD account : Interest Income only
Explanation:
Investment/savings Income sources
Trading in Bonds : Capital gains and interest income
Buying and selling properties : Capital gains only
Trading in company stocks : Capital gains and Dividends
Opening a CD account : Interest Income only
<em />
<em>Capital gains is a source of income made from the sale of assets such as Bonds or other forms of security such as stocks and real estate , while Interest income is a type of income earned while trading in Bonds and opening and maintaining a CD account .</em>
We can calculate the
cost of goods manufactures using the formula:
Total Cost = Cost of
Direct Materials + Direct Labor Cost + Overhead Cost – Inventory
Substituting the known
values:
<span>Total Cost = $35,000 + $73,000 + $114,000 – ($32,000 - $28,000)</span>
Total
Cost = $218,000 -----> ANSWERWe
deduct the initial from the final inventory to get the balance.
<span> </span>
Answer:
$2,540
Options are inconsistent with given question
Explanation:
Allowance for uncollectible accounts is a contra asset account and it has credit nature. It needs to be debited to decrease the balance and credited to increase the balance. Balance of this account is adjusted in the account receivable to report the net receivable balance in the balance sheet.
As per given data
Beginning allowance for uncollectible accounts balance = $3,700
Write off is the adjustment mad in this account and it needs to be debited in this account, this transaction will reduce the balance.
Adjusted Balance = $3,700 - 2,700 = $1,000
Credit sales = $118,000
Estimated allowance for uncollectible accounts balance = $118,000 x 3% = $3,540
As allowance for uncollectible accounts has already have balance of $1,000, Bad debt expense for the year is $2,540 ($3,540 - $1,000).
Answer:
Option A
Explanation:
workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve left.
