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3 years ago

PARTA. MULTIPLE CHOICE - 15 MARKS

Business

1 answer:

Leviafan [203]3 years ago

5 0

Answer:

b. Fringe Benefits don't include the company orientation.

Explanation:

my one of the friend's father is the manager and he told that we don't need to care about fringe!

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Gala Company is a manufacturer of laptop computers. Various costs and expenses associated with its operations are as follows.The

astra-53 [7]

Answer:

The various costs associated with the Gala Company could be classified into the following:

a. Direct Material Cost

Memory boards and chips used in assembling computers.

b. Direct Labour Cost

Production superintendents’ salaries.

Salaries for assembly-line quality control inspectors.

Wages of workers assembling laptop computers.

c. Manufacturing Overhead

Sales commissions paid to sell laptop computers.

Electrical components used in assembling computers.

Soldering materials used on factory assembly lines.

d. Period Cost

Property taxes on the factory building.

Depreciation on the factory equipment.

Salaries for the night security guards for the factory building.

Explanation:

8 0

3 years ago

Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $16

mr Goodwill [35]

Answer: $37000

Explanation:

Sharon's basis in the partnership interest after the formation transaction is calculated below:

Adjusted basis of property to Sharon = $100,000

Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000

Then, Sharon's basis in the partnership interest after the formation transaction will be:

= $100000 - $63000

= $37000

7 0

3 years ago

When every element in a salad could easily stand on its own, the salad is

Vlad [161]

Answer:

European style

Explanation:

everything stands easily on it own on a european style salad.

8 0

3 years ago

How do I quit my job as cashier already wrote resignation letter

Fudgin [204]

Dont walk up to ur boss n dont say nun n jus walk out dat mf yo

4 0

3 years ago

Read 2 more answers

Gear Corporation had the following common stock record during the current calendar year: Outstanding-January 1 104,000 Additiona

GrogVix [38]

Answer:

Gear Corporation

The number of shares to be used in computing basic EPS is:

6,654,400 shares

Explanation:

a) Data and Calculations:

January 1 Outstanding shares = 1,104,000

March 31 Issued shares 5,040,000

Total outstanding before June 6,144,000

June 30 10% Stock Dividend 614,400

Total before reacquisition in Sept. 6,758,400

Sept. 30 Treasury Stock 104,000

Total outstanding for EPS computing 6,654,400

b) The outstanding number of shares on December 31 equals 6,654,400 shares. This will be used to calculate Gear's EPS.

5 0

3 years ago