I think the answer is called enriching but i might be wrong.
Answer:
the total period cost for the month under variable costing is $52,610
Explanation:
Under Variable Costing Period Cost consist of, All Non-Manufacturing Costs and Fixed Manufacturing overheads.Fixed Manufacturing overheads are included in product costs only in full costing.
<u>Calculation of Total Period Costs :</u>
Variable selling and administrative expense ($ 14×1,010) $14,140
Fixed selling and administrative expense $22,220
Fixed manufacturing overhead $16,250
Total $52,610
Answer:
The importer accepts this price, so his bank will <u>debit</u> the importer's account in the amount of <u>$500000</u>
Explanation:
Debiting an account removes money from the account. Crediting an account adds money to the account.
The bank will therefore <em>debit</em> his account because the money will be taken out and paid to the exporter.
The amount that the importer pays in dollars can easily be calculate as:
€512,100 / €1.0242 = $500000
Answer: D. $600 included in Ned's medical expenses
Explanation:
The amount that Ned can include in his itemized deductions will be the $600 that's included in Ned's medical expenses.
It should be noted that the medical expenses will be under the itemized deductions. On the other hand, the other options will be under the miscellaneous itemized deductions. Therefore, the correct option is D.
Answer:
Please find the detailed answer as follows:
Explanation:
Step 1. Given information.
Carrying amount 310.000
Fair Value 160.000
Step 2. Formulas needed to solve the exercise.
Impairment loss = Carrying value - Fair Value
Step 3. Calculation.
Impairment loss = $310.000 - $116.000 = $194.000.
Step 4. Solution.
The carrying amount of $310.000 > fair value of $160.000. To measure the impairment loss, just do CV-FV. hence $310.000 - $116.000 = $194.000.
Loss on impairment $194.000
Patent $194.000