clearing checks
acting as government fiscal agent
supervising members bankers
regulate money supply
supply paper currency
setting reserve requirements
Answer:
<u>selling and administrative cost formula:</u>
Y = $166,200 + $6.80X
Explanation:
First we solve for the units sold during hte period:
sales: 960,000
unit selling price: 60
units sold: 960,000 / 60 = 16,000
Then we calcualte the variable cost of both, selling and administrative:
selling variable 8% of selling 8% of $60 = 4.8
administrative $ 2
total variable: 6.8
Now we solve for fixed cost:
275,000 = 6.8 (16,000) + fixed
fixed = 275,000 - 108,800 = 166,200
You can find the answer on journalofaccoutancy.com
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Answer: yeah fr exactly so true
Answer:
deduction for organizational expenses = $5,000
Explanation:
Since the total startup costs are over $50,000 then the company's deduction will be lower. Generally speaking, a company can deduct up to $5,000 in organizational an startup costs ($5,000 each). But if the costs are over $50,000, then your deduction will be reduced by $1 for each dollar over that threshold.
In this case, organizational costs were $9,500, so they can deduct $5,000 during the first year and $4,500 will be amortized over the next 15 years. Startup costs are $54,500, which means that they can only deduct $5,000 - ($54,500 - $50,000) = $500 during the first year. The remaining $54,000 must be amortized over a 15 year period. Total deduction during the first year = $5,000 + $500 = $5,500