Answer: See attachment
Explanation:
a. Based on the information in the attachment, the indirect costs that's allocated to the units will be:
Government = 450,000
Corporate = 750,000
The expected revenue that can be generated from the government unit will be:
= 495,000 × (100% + 15%)
= 495,000 × 1.15
= $569250
b. Based on the information given, the indirect costs that's allocated to the units will be:
Government unit = 360,000
Corporate unit = 840,000
The revenue from the government will be:
= 405000 × (100% + 15%)
= 405000 × 115%
= 405000 × 1.15
= $465750
c. If the firm chooses total hours worked as the cost driver, the indirect costs be allocated to the two units as:
Government = 400,000
Corporate unit = 800,000
Revenue from government will be:
= 445000 × 115%
= 445000 × 1.15
= $511750
Check attachment for further explanation.
Answer:
The value of the ending inventory is $ 640
Explanation:
First we have to make a table showing the inventory movements.
Beginning inventory 100 units $ 300
Purchases 900 units $ 2,880
Ending inventory 200 units
Adam Company uses the FIFO method which means that the units sold shall be valued at the opening inventory plus purchases. The ending inventory shall be priced at the purchase value.
The unit value for purchases is $ 2,880/900 = $ 3.20 per unit.
So the value of the ending inventory shall be
200 units * $ 3.2 per unit = $ 640
Answer:
Yes, she is required to include her tips in gross income.
Explanation:
Yes, Carey is required to include her tips in gross income. She is required to include both her small hourly amount and her tips, declaring both as a total sum amount. Even though the customer has no obligation to pay any tip of any kind to Carey, any tip she receives will count as compensation for services, as the tips are payments for her service to the customer.
Answer:
B. Must be written to be enforceable
Explanation:
In the United state, sale of personal property for $500 or more must be written to be enforceable. These kind of contracts are said to be within the statute of fraud.
These types of contracts are called Sales contracts which is an agreement between the buyer and seller. For the amount of money involved, a written contract provides security and peace to the mind of all those involved in the contract, hence why deals above $500 must be written to be enforceable.
Answer:
E) all of the above
- A. testimonial
- B. the product itself
- C. portfolio
- D. advertisements
Explanation:
Testimonials are statements that support your credibility, reputation or level of expertise.
If you are trying to sell something, it always helps to be able to show the physical product.
You should keep updated your sales portfolio specially with any new deal or promotion offered by the company or different discount prices.
Advertisements always help by making more people know about your product.
