Answer:
$4,375
Explanation:
Given that,
Crane Company balance = $9,250
Balance of Hale company = $3,000
Balance of Janish company = $1,875
January 1 balance in the Valdez Company subsidiary account:
= Crane Company Accounts Payable control account + Hale Company balance + Janish Company balance
= $9,250 + $3,000 + $1,875
= $4,375
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.
Answer:
None of the options are correct
Explanation:
The train would cost her, which is computed as:
= Cost + (Hours × Opportunity Cost)
= $400 + (4 hours × $15 per hour)
= $400 + $60
= $460
The driving would cost her, which is computed as:
= Cost + (Hours × Opportunity Cost)
= $250 + (6 hours × $15 per hour)
= $250 + $90
= $340
Savings = Train Cost - Driving Cost
= $460 - $340
=$120
None of the options are correct as the she would save $120.
