Answer:
Prepare a single-step income statement for the year ended December 31, 2020
Explanation:
SUNLAND CORPORATION
Inconme statement
For the year endend December 2020
Revenue
Net Sales 2.425.800
Interes Revenue 38.200
Total Revenue 2.464.000
Expenses
Cost Of goods 1.458.200
Administrative expenses 212.600
Selling xpenses 282.000
Interes expense 46.400
Tax rate 139.440
Expenses 2.138.640
Net income 325.360
Shares issued 70210
Earning p/share 4,63
Answer:
42.5%
Explanation:
The computation of the inflation rate between 2012 and 2011 is shown below:
But before that we need to do the following calculations
Cost of basket for the year 2011 is
= 5 × 2 + 20 × 0.5
= 10 + 10
= 20
And the base year price index i.e. CPI is 100
Now
Cost of same basket in year 2012 is
= 5 × 2.10 + 20 × 0.90
= 10.5 + 18
= 28.5
Now
CPI in 2012 is
= ($28.5 ÷ $20) × 100
= 142.5
So,
Inflation rate is
= (142.5 ÷ 100) - 1
= 1.425 - 1
= 0.425
= 42.5%
Revised and detailed edition.
A direct deposit program is a program that allows for the automatic deposit of your net earnings into the bank of your choice, so with this in mind one may deduce that your paycheck was deposited into your account. nowhere in this phrasing was it stated that you are the boss/owner so you are not depositing the net earnings (which is the total value of a business's income minus cost of goods, expenses, and taxes for an accounting period.) and the purpose of a direct deposit is essentially to cut out handing you a paycheck and having you go down to your bank and cashing/depositing it into your account. once again this leads me to believe the answer is PAYCHECK. If my reasoning is off, or not detailed enough please leave a comment and to the best of my abilities i will converse and elaborate with you in more lucid terms and further detail.
Answer and Explanation:
The preparation is presented below:
1. For Direct labor budget
<u>
Particulars 1st quarter 2nd quarter 3rd quarter 4th quarter Year
</u>
Production Units 10400 9400 11400 12400 43600
direct labor time
per unit (hr) 0.25 0.25 0.25 0.25 0.25
Total direct labor
hour needed 2600 2350 2850 3100 10900
direct labor cost
per hour 12 12 12 12 12
Total direct
labor cost 31200 28200 34200 37200 130800
2. For Manufacturing overhead budget
<u>Particulars 1st quarter 2nd quarter 3rd quarter 4th quarter Year</u>
Variable
manufacturing overhead 4420 3995 4845 5270 18530
Fixed manufacturing
overhead 84000 84000 84000 84000 336000
Total manufacturing
overhead 88420 87995 88845 89270 354530
Less: depreciation -24000 -24000 -24000 -24000 -96000
cash disbursement
for manufacturing overhead 64420 63995 64845 65270 258530
<h3>Advertising expenditures to introduce a new product line is not a capital expenditure.
</h3>
Explanation:
- Buying a new machinery and associated sales tax is a capital investment.
- Installation of elevators to replace escalators is a capital investment.
- Purchasing a patent is a capital investment.
- Advertising costs will in most cases fall under sales, general, and administrative (SG&A) expenses on a company's income statement.
So, Advertising expenditures to introduce a new product line is not a capital expenditure.
