Answer:
The estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period is $9,882.11
Explanation:
In order to calculate the estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period we would have to make the following calculation:
Cost for 225 direct labor hours = Intercept + Slope*225
Cost for 225 direct labor hours=$596.36+ ($41.27*225)
Cost for 225 direct labor hours=$9,882.11
The estimated overhead cost if 225 direct labor hours are expected to be used in the upcoming period is $9,882.11
Answer:This statement is true
Explanation: Since the economy has shown continued strength over time, it is safe to assume that it will keep getting stronger even into November. What further reinforces this assumption is the fact that the interest rate has been raised five times in the past and the economy still remains strong. This means that analysts are likely predicting correctly that the short term interest rate will in fact be raised, as it's clear that raising it does not have any adverse effects on the economy.
Its important because if u wanna sell cakes you need to know what to do
Answer:
c. its simplicity
Explanation:
In the single-step income statement, we can directly compute the net income or net loss like
All revenues XXXXX
Less: All expenses XXXXX
Net income or (net loss) XXXXX
But in the multi-step income statement, there are various steps like gross profit, operating income, non operating income, and finally, net income arrive
Therefore, the income statement is easy to make and easy to understand due to its simplicity
Answer:
$50,000
Explanation:
Calculation to determine the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables
Using this formula
Loss on sale of receivables=[(Recourse Accounts receivable*Finance fee charges)+Estimated recourse liability]
Let plug in the formula
Loss on sale of receivables=(3%*$800,000)+$26,000
Loss on sale of receivables=$24,000+$26,000
Loss on sale of receivables=$50,000
Therefore the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables will be $50,000
