Answer:
POAR= 170% of the direct material cost.
Explanation:
Explanation:
The predetermined overhead absorption rate (POAR: The overhead absorption is a rate which is used to charge overheads to production units. Note that this rate is computed using estimated figures
The rate is computed as follows:
Predetermined overhead absorption rate
POAR
= (Budgeted overhead for the period/Budgeted direct material cost)× 100
= $680,000/400,00 × 100
= 170% of the direct material cost.
<u>Solution and Explanation:</u>
A court assumes that the written cntarct is the begining and the end of all the terms of the agreement and will not acept the parol evidence if it changes the meaning of the terms of contract.
Parol evidence should only be used to determine the inetntions of the parties at the time the contract was made, not after the fact.
Valid contract: The elemenst of valid contract must be seen.
Since Mrs B signed a contract with the specific terms that did not include a bonus, a court would not consider an oral agreement based on completing a yet to be written contract under the parol evidence rule.
hence, Mrs B cannot introduce the oral agreement under the parol evidence rule.
Answer:
The amount of net income reported in 2020 income statement would be $75,000.
Explanation:
Pretax accounting income for 2020 = $100,000
Income tax expense for 2020 = Current tax + Reversal of Deferred tax assets
= ($100,000 - $100,000)*25% + ($100,000*25%)
= $25,000
Amount of net income reported in 2020 income statement = Pretax accounting income - Income tax expense
= $100,000 - $25,000
= $75,000
Therefore, The amount of net income reported in 2020 income statement would be $75,000.
Answer:
False
Explanation:
In an enterprise-class database system, business users can not interact directly with the DBMS, which directly accesses the database data
The net income for the year 2022 is: c. $88,000.
<h3>Net income for the year 2022</h3>
Using this formula
Net income=Revenues - Expenses
Let plug in the formula
Net income=$735,000-$647,000
Net income=$88,000
Therefore the correct option is c.
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