Opening an interest-bearing account is a form of investment. Deciding on opening it means that you are a business minded person. A business person knows how to leverage their income. In leverage income, there are 2 sides: linear income and residue income. Linear income means you work to get paid while in residue income, your money works for you. There's nothing wrong with both sides except the time and effort exerted to get an income. Sacrifice is one of the important keys to have residual income even in linear but if the goal is to have a better future, then sacrifice is one big obstacle to overcome.
Your answer should be $68,992. Hope this helps!!
Answer:
A title search is done to insure that there are no leans are owed on the property. Its to insure that the property is clean of any debt.
Answer and Explanation:
a. The preparation of the statement of Cost of Goods Manufactured is presented below:
Work in process inventory, April 1 34,000
Add:
Cost of direct materials used in production $41,000
Direct labor 47,000
Factory overhead 20,000
Less:
Work in process inventory, April 30 27,000
Cost of goods manufactured $115,000
b. The preparation of the statement of Cost of Goods Sold is presented below:
Finished goods inventory, April 1 24,000
Add: cost of goods manufactured $115,000
Less: Finished goods inventory, April 30 18,000
Cost of goods sold $121,000