Answer:
Charge for perpetual care service will be $1500
So option (a) will be the correct option
Explanation:
We have given the estimated cost to maintain a gravesites is $120 per year
Interest rate = 8 % = 0.08
We have to find the fee which owner charged for the perpetual care service
The perpetual charge is given by
Charge for perpetual care service will be $1500
So option (a) will be the correct option
Answer:
Total amount reported for intangible assets: $90,400
Explanation:
An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory
Among the listed items, tangible assets in Joni Kingbird Inc. include Trademarks of 14,300 and Excess of cost over fair value of net identifiable assets of acquired subsidiary 76,100. The total intangible asset is $90,400
.
Deposits with advertising agency for ads to promote goodwill of company 11,100, will not book in intangible asset as it’s just deposit now, the total cost after this work is completed will then book in intangible asset.
Answer:
cost of goods manufactured= $356,200
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
<u></u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Overhead:
Depreciation on plant 63,400
Property taxes on plant 23,100
Factory supplies used 31,700
Total overhead= $118,200
cost of goods manufactured= 13,800 + 125,700 + 116,100 + 118,200 - 17,600
cost of goods manufactured= $356,200
Answer:
$1.41144
Explanation:
<em>Assuming that </em><em>distribution of its earning to its shareholder is 30% </em><em>as against the 0% which is likely a mistake because the tax rate on dividend income of 27% is also given in the question</em>
Earning before tax $13
Less: Corporation tax <u>$5.46</u>
($13 * 42%)
Earnings after tax <u>$7.54</u>
<u />
Dividend distribution = $7.54 * 30% = $2.262
After tax dividend = $2.262 * (1-0.27) = $2.262 * 0.78 = $1.7643
Shareholder earnings after Income tax = $1.7643 * (1 - 0.20) = $1.7643 * 0.80 = $1.41144
Therefore, the Shareholder earnings from the Corporation assuming the <em>distribution of its earning to its shareholder is 30% </em>is $1.41144
