<h2>Depreciation = Cost Price --Salvage/Useful Life</h2><h2>=9,00,000-1,00,000/40</h2><h2>=8,00,000/40</h2><h2>= 20,000</h2><h2 /><h3>
Explanation:</h3><h3>
Depreciation is 20,000</h3><h3>
</h3>
Answer:
C) No/Yes
Explanation:
An income statement (profit and loss account) is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. It indicates how the revenues are transformed into the net income or net profit
Absorption cost is a method of calculating the cost of a product or enterprise by taking into account indirect expenses (overheads) as well as direct costs.
How do you calculate total period cost under absorption costing?
Income statement shows Sales – Cost of Goods sold = Gross Margin (or Gross Profit) – Operating Expenses = Net Income and is based on the number of units SOLD.
Options:
Yes, Joe is an agent who has that authority.
No, Joe is an employee, but the employee does not have that authority.It depends whether Joe signed a written contract for his employment.
Yes, Joe is an employee.
No, not unless he possesses authority from the principal because Joe is an independent contractor.
Answer:No, not unless he possesses authority from the principal because Joe is an independent contractor
Explanation: An independent contractor is a third party engaged by a principal to transact certain specific jobs or accomplish a certain task on his behalf. An independent contractor does not have any power or authority to represent his or her principal especially when he or she is not authorized to do that on behalf of the principal.
JOE DOESN'T HAVE THE POWER OR AUTHORITY TO ENTER INTO ANY CONTRACT OR AGREEMENT WITH ANOTHER ENTITY FOR HIS PRINCIPAL EXCEPT WHEN GIVEN THE AUTHORITY TO DO SO.
Answer:
a. Differential revenue = $18 per pound
Explanation:
Differential revenue refers to additional revenue per unit.
Current revenue per unit = $20 - $15.75 = $4.25 per unit on Product J
When it will be further processed to form Product D
Net proceeds to be realized from each unit of product D = $38
Net revenue = $38 - $24.30 = $13.7
Additional or differential revenue = $38 - $20 = $18 per unit
As for $20 selling price the revenue was recognized earlier now additional revenue = $38 - $20 = $18 per pound
Note: Revenue is the proceeds from sale and not the net profit.
Differential revenue = $18 per pound
Answer:
D
Explanation:
The cash flow statement, as the name implies, report the use of company's real cash use in three area: investing, operating and financing activities as well as cash available at the beginning of the period and the end of the period as the result of three activities mentioned above.
