Answer:
The question is missing cash value to the tune of $39200.00
The statement of goods manufactured schedule has $400,620.00 as the costs of goods manufactured
Secondly, the income statement has $ 77,380.00 as gross profit.
Lastly, the balance sheet has total current assets as $165,100.00.
Find details in the attached excel file.
Explanation:
Please note that items relating net income were omitted as there was no requirement to calculate net income for the year,only gross profit is required.
Answer:
B. investment center
Explanation:
Investment center is a business unit which contributes directly to the profitability of company using the capital the company provided.
Therefore, Alejandro is most likely the manager of a investment center.
Answer:
Joe Biden said this in the 1970's.
Answer: c. $117,600 and $213,600 respectively
Explanation:
Income tax expense = Income before tax * tax rate
= 294,000 * 40%
= $117,600
Net Income = Income before tax - tax expense + ( Tax adjusted discontinued operations income)
= 294,000 - 117,600 + ( 62,000 * (1 - 40%))
= $213,600
