Answer:
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The calculation is shown below:
= Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense - income tax expense
where,
Income tax expense = (Net Sales + interest revenue- cost of good sold - administrative expense - selling expenses - interest expense) × income tax rate
= ($2,409,400 + $38,100 - $1,463,800 - $222,000 - $286,700 - $48,900) × 30%
= $426,100 × 30%
= $127,830
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
Answer:
$29,900
Explanation:
According to the scenario, computation of the given data are as follows:-
Predetermined Manufacturing Overhead = 130% of Direct Labor Cost
= $77,000 × 130÷100 = $100,100
Direct Material= $51,300 - $4,500 = $46,800
Direct Labor = $77,000
Total Added Cost to WIP = Manufacturing Overhead + Direct Material + Direct Labor
=$100,100 + $46,800 + $77,000 = $223,900
WIP Inventory at the End of The Year = Beginning WIP Inventory +Total Added Cost to WIP - Cost of Goods Manufactured
= $29,700 + $223,900 - $223,700
= $29,900
Answer:
Subject Matter Expert and Small and Medium Enterprise
Explanation:
the abbreviation for "Subject Matter Expert"
and "Small and Medium Enterprise"
it would be a as a team I hope this helps
Answer:
Delwazic Inc. is a multinational corporation (MNC) that creates products specialized for a few host countries. It manufactures berets in France, cowboy hats in the United States, bowlers in the United Kingdom, and bush hats in Australia. In this scenario, Delwazic Inc. is most likely a monopolist
Explanation:
A monopolist is solely responsible for sales of products to many buyers, such market is termed a monopoly market
