Answer:
1) Cost of raw material put into production = 32000+420000-57000 = 395000
2) Indirect material = 395000-323000 = 72000
3) Indirect labour = 179000-152000 = 27000
4) Cost of goods manufactured = 520000
5) Cost of goods sold = 43000+520000-132000 = 431000
6) Overhead rate = 250800*100/152000 = 165% of direct labour cost
7) Applied overhead = 250800
Actual overhead = 216000
Overapplied overhead = 250800-216000 = 34800
8) Calculate balance
Ending work in progress:282800
Direct labour:8000
Overhead (8000×165%)=13200
Direct material(282800-8000-13200)=261600.
Attached is the table of data used.
Answer:
Contributions to Roth IRAs aren't tax deductible, but withdrawals made at retirement aren't taxed.
Explanation:
Roth IRA refers to an individual retirement account that allows a tax-free growth and tax-free withdrawals in retirement. Roth IRAs are best when one's taxes would be higher at the point of retirement than present day.
The contributions made to the Roth account are are often made with after-tax money, which cannot be deduct; for this reason, the contribution grows and these contributions aren't taxed.
It is also to be note that, earnings in a Roth account can be tax-free rather than tax-deferred
Answer:
The correct is the VIE's fair value.
Explanation:
The fair value of a financial asset or liability on a given date is understood as the amount for which it could be delivered or liquidated, respectively, on that date between two parties, independent and experts in the field, acting freely and prudently, under conditions of market. The most objective and usual reference to the fair value of a financial asset or liability is the price that would be paid for it in an organized, transparent and deep market ("quoted price" or "market price").
When there is no market price for a given financial asset or liability, it is used to estimate its fair value to that established in recent transactions of analogous instruments and, failing that, to mathematical valuation models sufficiently contrasted by the international financial community. In the use of these models, the specific peculiarities of the asset or liability to be valued and, in particular, the different types of risks associated with the asset or liability are taken into account. Notwithstanding the foregoing, the limitations of the valuation models developed and the possible inaccuracies in the assumptions and parameters required by these models may result in the estimated fair value of an asset or liability not exactly matching the price at which the asset or liability could be delivered or liquidated on the date of its valuation.
Answer:
11.24%
Explanation:
Fisher equation:
(1 + nominal interest rate) = (1 + real interest rate) x (1 + expected annual inflation)
1 + nominal interest rate = 1.03 x 1.08
--> Nominal interest rate = 11.24%
The answer is true. It is because the actions of both groups
or individuals has showed agreement in which they don’t need to write it or
provide any written agreement even if needed because they have proven both of
their existence.
