Answer:
1. accounting records continuously disclose the amount of inventory.
Explanation:
The periodic inventory system is the accounting method of calculating the value of inventory at the end of a specified period of time. Under this system, updates are made on a periodic basis rather than after every sale or purchase of inventory. It continuously tracks the record of inventory by physically counting the inventory and the cost of inventory is calculated by using the inventory calculation method, such as FIFO, LIFO, and weighted averages.
Answer:
Explanation:
Android Bio-Mutant Cyclops
Direct labor per unit 48 24 60
Divide by Direct labor rate 12 12 12
Direct labor hours per unit 4 2 5
Android Bio-Mutant Cyclops
Selling price 100 77 125
Less: Variable costs
Direct labor 48 24 60
Direct materials 9 8 16
Variable overhead 7 4 9
Total Variable costs 64 36 85
Unit Contribution margin 36 41 40
Divide by Direct labor hours per unit 4 2 5
Contribution margin per labor hour 9.00 20.50 8.00
<em>As shown in the above estimates, producing Bio-mutant is much more lucrative</em>
<em>Total contribution margin 20500 =1000 * 20.5</em>
60 percent, around 95 percent of businesses fail within the first five years of trading
Answer:
$400,000
Explanation:
Distribution for a particular year will be first drawn for the earning and profits for that year. Distributions will be treated as dividends if the earnings and profits in the current year are positive, regardless of whether the accumulated balance is negative.
Boulder had positive earnings and profits of $500,000. It has distributions of $400,000, which will be drawn from the earning from the current earnings. This distribution will be dividends because they can be satisfied with the current earnings.
Answer:
Tom should take loan option B, the loan with compound interest. Normally, loans with compound interest will result in more interest being paid. In this case, Tom needs to pay close attention to the interest rates that apply. Because the simple interest loan has a rate that is so much higher, it would be wise to choose the compound interest loan.
