Answer:
I used an excel spreadsheet to record the accounts using the accounting equation.
What is the ending balance of cash after all transactions have been recorded?
$163,900
Answer:
Manufacturing efficiency ratio= 60%
Explanation:
Manufacturing efficiency ratio measure the proportion of time it takes to perform value-added activities. This information is used to reduce time spent on non value-adding activities, thereby reducing cost and making production faster.
Using the formula
Manufacturing efficiency ratio= Value-added production time/ production cycle time
Value-added production time= Cycle time - non value-added manufacturing time
Value-added production time= 0.5-0.2= 0.3
Therefore
Manufacturing efficiency ratio= 0.3/0.5= 0.6
Manufacturing efficiency ratio= 60%
Answer:
a. $29,500
b. $28,100
c. $12,000
d. $16,100
Explanation:
The computation is shown below:
a. Gross income
= Salary + interest income
= $28,000 + $1,500
= $29,500
b. Adjusted gross income
= Gross income - deductions for adjusted gross income
= 29,500 - $1,400
= $28,100
c. The standard deduction or itemized deduction for the year 2018 is $12,000
d. Taxable income
= Adjusted gross income - standardized deductions
= $28,100 - $12,000
= $16,100
Answer:
marginal cost = $2
Explanation:
given data:
cost on wool when 10 sweater made in one month = $15
cost on wool when 11 sweater made in one month = $17
fixed cost = $100
In case of no other cost present, marginal cost is given by
Marginal cost = cost of eleven sweaters - cost of ten sweaters
= $17 -$15
= $2
the best choice was black market
