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2 years ago

Selected data for Lemon Grass, Inc. for the year are provided below:_________.

Business

1 answer:

____ [38]2 years ago

3 0

Answer:

Total= $65,900

Explanation:

<u>Manufacturing overhead costs are all the production costs that are involved in production but aren't direct material or direct labor.</u>

Manufacturing overhead:

Factory Utilities $1,600

Indirect Materials Used 30,000

Property Taxes on Factory Building 6,400

Indirect Labor Incurred 21,000

Depreciation on Factory Equipment 6,900

Total= $65,900

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In Ben v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a tria

Neporo4naja [7]

Answer:

The correct answer is D

Explanation:

Under the doctrine of the stare decisis, the court will look into the past or the similar issues in order to guide their decisions related to the issues. And the past decisions are referred or acknowledged as the precedent.

Precedent is the principle or rule which is legal and it is established or created by the decision of the court. And this decision become the authority or the example for judging or deciding the similar issues.

Therefore, in this case, the trial court when deciding upon the case of D v E, will likely to allow or permit the minor to cancel the contract or the agreement.

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3 years ago

How to obtain finacial literarcy?

Leno4ka [110]

Answer:

Start keeping a budget

Explanation:

All of the financial guidance from experts won’t mean much if you don’t know where your money is going every month. Start tracking your spending and set up a budget using a simple spreadsheet or website apps.

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1 year ago

The Baldwin Company currently has the following balances on their balance sheet: Total Assets $167,705 Total Liabilities $69,461

Andrews [41]

The common stock next year would be $32546

The total assets (current) = $167,705

Total assets (next year) = $167,705 + $55,000 = $222705

The total liabilities (current)= $69,461

The total liabilities (next year)= $69,461

The total retained earnings (current) = $88,498

The total retained earnings (next year) = $88,498 + 44,200 - $12000 = $120698

<u>Common stock (current)</u>

= $167,705 - $69,461-$88,498

= $9746

<u>Common stock (next year)</u>

= $222705 - $69,461 - $120698

= $32546

The common stock next year would be $32546

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2 years ago

Long Market Value: $48,000 Short Market Value: $18,000 Debit: $25,000 Credit: $25,000 SMA: $3,000 Interest charges on the accoun

padilas [110]

Answer:

C. $25,000

Explanation:

The interest charges on the account(margin) are based on the debit balance in the account. Also, credits that came as a result of short sales are usually not matched off against debits in the account, hence interest charges is based on the $25,000 debit balance.

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3 years ago

Marquis has a gross pay of $816. By how much will his gross pay be reduced if Marquis has the following items withheld? federal

andre [41]

Gross pay is the amount of income before taxes and deductions. The amount by which the gross pay is reduced is $174.66.

<h3>What is gross pay?</h3>

The gross pay is the amount of salary or wages that is before the taxes or other deductions. The expense of tax and deductions are subtracted from the gross pay to calculate the net pay.

The gross pay of Marquis in the given question is $816. His gross pay will be reduced by the taxes to calculate the net pay.

The amount of reduction will be the sum of all the taxes levied such as federal tax, social security tax, and so on.

Therefore the amount by which the gross pay will be reduced is:

$\begin{aligned} \rm Federal\: tax &= \$92\\\\\rm Social\: security\: tax (\$816\times 6.2\%) &= \$50.592\\\\\rm Medicare\:tax (\$816\times 1.45\%) &= \$11.832\\\\\rm \end$

The state tax is calculated as a percentage of federal tax. The state tax is:

$\rm State \:tax (\$92\times 22\%) &= \$20.24\\$

Therefore the total amount of reduction is:

$\rm Total\:amount\:of\:reduction = \$92 + \$\$50.592 + \$11.832 +\$20.24\\\\\rm Total\:amount\:of\:reduction = \$174.664$

Hence, the correct option is d.

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2 years ago

Selected data for Lemon​ Grass, Inc. for the year are provided​ below:_________.

Selected data for Lemon Grass, Inc. for the year are provided below:_________.