<span>The company is using market-penetration pricing.</span>
Answer:
b. 2.81 times
Explanation:
Calculation to determine Total stockholders' equity, end-of-year 121,851
Total asset turnover is:
First step is to calculate the Total assets
Beginning Ending
Total liabilities $83,932 $103,201
Total equity 198,935 121,851
Total assets $282,867 $225,052
Now let determine the Total asset turnover
Total asset turnover = $712,855/[($282,867 + $225,052)/2]
Total asset turnover= 2.81 Times
Therefore Total stockholders' equity, end-of-year 121,851
Total asset turnover is:2.81 Times
Answer:
Over-applied by $3,842
Explanation:
If<em>, Applied Overheads > Actual Overheads, overheads have been overapplied.</em>
<em>and</em>
<em>Since, Applied Overheads < Actual Overheads, overheads have been under- applied.</em>
Applied Overheads = Predetermined rate x Actual Activity
where,
Predetermined rate = Budgeted Overheads ÷ Budgeted Activity
therefore,
Predetermined rate = $ 157,050 ÷ 4,500
= $34.90
Applied Overheads = $34.90 x 4,580 = $159,842
<em>Since, Applied Overheads > Actual Overheads, overheads have been overapplied.</em>
Over-applied overheads = $159,842 - $ 156,000 = $3,842
The answer is c 28 years old
Answer:
A) $48,000
Explanation:
Then:
Assuming there is no tax rate
48,000 would be the net income
