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grigory [225]
2 years ago
8

Keisler's has cost of goods sold of $11,518, interest expense of $315, dividends of $420, depreciation of $811, and a change in

retained earnings of $296. What is the taxable income given a tax rate of 21 percent
Business
1 answer:
True [87]2 years ago
6 0
Solving: 420+296 = 716
716/(1-.21) = 906.33

Answer: $906.33
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Answer:

The best allocation base for assembling activities costs are the number of parts actually assembled.

Since the number of parts is not an option int his question, the second best allocation base for the assembling process is A) direct labor hours.

If the process is highly automated, then the second best allocation base would be machine hours, but that isn't an option either.

8 0
3 years ago
The original cost of an inventory item is below both replacement cost and net realizable value. The net realizable value less no
Tanzania [10]

Answer:

D) Original cost.

Explanation:

When the company uses the lower of cost or market method, it should assign value to its inventory by calculating the middle figure between replacement cost or net realizable value, and net realizable value - normal profit.

In this case, the market value must be either the replacement cost or the net realizable value, but both values are the highest. Since the original cost is below the market value, but above the net realizable value - normal profit, the inventory must be valued at the original cost.

4 0
3 years ago
On 12/31/X4, Zoom, LLC, reported a $55,500 loss on its books. The items included in the loss computation were $27,000 in sales r
IrinaVladis [17]

Answer:Ordinary Business income loss =-$20,500.

Explanation:

Ordinary business Expenses are the expenses generally accepted according to the  industry standards associated with running of a business.

Here, the ordinary business expenses for Zoom  include

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employee wages= $17,000

rent expense = $11,500 and therefore will be deducted from its sales revenue.

charitable contributions and qualified dividends, do not cut across all industries and so are not classified under Ordinary Buisness expences.

Ordinary Business income loss = Sales revenue - cost of good sold, -employee wages- rent expense.

$27,000- $19,000-$`17,000-$11,500= -$20,500. to be reported on its X4 return

6 0
3 years ago
A review of the personal selling process indicates that selling is:
MArishka [77]

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d. a matter of establishing relationships.

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Selling involves creating a relationship with the prospect.

The sales relationship has the short-term value you get from the customer.

There is also the long-term life-time value of the customer to be considered.

Sales based on referrals are the easiest to obtain and give best value.

Good relationships give rise to refrrals.

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3 years ago
Name the four areas in which standards of ethical conduct exist for management accountants in the united states. What organizati
GaryK [48]

​The four areas in which standards of ethical conduct exist for management accountants in the united states are.

(1) Competence,​ (2) Confidentiality,​ (3) Integrity, and​ (4) Credibility. These standards are set by the Institute of Management Accountants​ (IMA).

<h3>What is Institute of Management Accountants?</h3>
  • The National Association of Cost Accountants, which eventually became Institute of Management Accountants, was established in Buffalo, New York in 1919. Its main office is in Montvale, New Jersey, in the United States, and it also has regional offices there as well as in Europe, the Middle East, and India.
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  • Twelve people from different accounting bodies, including the FASB and other well-known regulatory bodies, made up the group.
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To learn more about Institute of Management Accountants​ with the given link

brainly.com/question/8339611

#SPJ4

5 0
1 year ago
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