Answer:
$5,000
Explanation:
The computation of the interest payable is shown below:
= Borrowed amount or Principal × rate of interest × (number of months ÷ total number of months in a year)
= $500,000 × 6% × (2 months ÷ 12 months)
= $5,000
The 2 months is calculated from November 1, 2018, to October 31, 2019
It is somewhat similar to the simple interest formula.
Answer:
$60,458
Explanation:
Calculation to Complete the flexible budget for that level of activity
FLEXIBLE BUDGET
Flexible Budget(290 driving hours)
Revenue 121,800
(290*420)
Expenses:
Wages and salaries 47,060
($11,100 +290*$124.00q)
Supplies 870
($3.00q*290)
Equipment rental 8,480
($2,100 +290* $22.00q)
Insurance 4,000 (Fixed)
Miscellaneous 932
($520 + 290*$1.42q)
Total expense 61,342
Net operating income $60,458
(121,800-61,342)
Therefore the Flexible-budget Net operating income will be $60,458
Answer:
The answer is: A) $0
Explanation:
I am assuming Stuart's stock is part of his retirement account. If this is true, then the stock dividends and stock splits are not taxed as they are earned (but they will be taxed later when Stuart starts receiving his distributions).
If Stuart's stock was not part of his retirement account, then he would have to pay taxes (usually a 15% tax rate applies).
Job costing systems are used to accumulate the cost of a individual job
Answer:
The set of whole number less than 5 is 0,1,2,3,4