Answer:
A. $130,000.
Explanation:
To get the beginning work in progress
= Cost of Manufactured goods + Ending Work - cost of manufacturing during the time period
Manufacturing costs is gotten by;
Dm + DL +MO
DL = direct labor
Dm = direct manufacturing
MO = manufacturing overhead
= 80000 + 140000 + 240000
= $460000
Then we are to get beginning work
= 520000+70000-460000
= $130,000
Answer: See explanation
Explanation:
The bank reconciliation as of October 31 from the above information has been attached.
After the calculations, we can see that the reconciled balance was $761.
NB: The error of $9 was gotten as:
= $65 - $56
= $9
Other necessary information can be seen from the attachment.
Answer:
14 points
Explanation:
The computation of the gain per share by the customer is shown below:
Gain per share = Sale proceeds of share - buying stock per share - premium received by the customer in case of the put option
= $80 per share - $70 per share - $4 per share
= $80 per share - $66 per share
= 14 points
The buying stock per share - premium received by the customer in case of the put option is also known as net cost to the customer
Therefore we simply applied the above formula
Answer:
Limited liability.
Explanation:
A limited liability company (LLC) is a type of legal hybrid-business structure that can combine both partnership and corporation form of business, and the owners are only responsible for its debts with respect to the amount of capital they have invested. The first formal LLC statute was enacted by Wyoming in 1977 based on the Panamanian LLC and the 1982 German Code.
The operating agreement of a limited liability company establishes the company's method of management, allocation of profits and losses among members, member's rights and responsibilities, restrictions on the transfer of membership interests, voting power, and the process to be followed in dissolving the company.
One of the biggest advantages of corporations is that investors cannot be held personally responsible for the debts of the business. Hence, this is the concept of limited liability.
In conclusion, a limited liability company (LLC) refers to a private company in which the owners are legally responsible for the company's debts but only to the amount of capital he or she has invested.