Answer:
25%.
To start out, general operating expense should not exceed 25%.
Add-on:
i hope this helped at all.
Answer:
Purchases= $52,000
Explanation:
Giving the following information:
Beginning inventory= $6,300
Ending balance= $3,300
Production= $55,000
<u>To calculate the direct material purchase, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 55,000 + 3,300 - 6,300
Purchases= $52,000
Answer:
. If Wildhorse’s tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate?
Answer is 0.
Explanation:
The answer is 0 because it has not impact in the accumulated value of the bad debts expenses.
The impact is in the current year of 2020 on the estimated value of $132,000 that will be reported as bad debt expenses but there is no impact in the accumulated value becasue it only has an impact in the current estimation.
Answer:
ang hirap sa gutan kala ko madali lng haha
Answer: C. As reporting for an integral part of an annual period.
Explanation:
Interim Financial reporting should be treated as an important and complete part of the annual financial statement. It should follow all the generally accepted accounting principles. More reason for that is tax rates used in interim report is the same that is used in the annual financial statement as well (due to the estimate taken in the interim report). Many of the firms consider the interim financial reporting as an integral part of the annual report.
