Answer:
$658
Explanation:
Henderson assembled 47 dressers in the week.
Her applicable pay rate is $14 per piece since she assembled over 30 dressers in one week.
her gross pay for the week
=$14 x 47
=$658
Answer: your answer is SBA.
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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:
600 units
Explanation:
The equation to calculate target profit is:
S × Q = (V × Q) + F + T
-
S = sales price
- Q = Quantity of units
- V = Variable expenses
- F = Fixed expenses
- T = Target profit
$134Q = $67Q + $32,300 + $7,900
$134Q - $67Q = $40,200
$67Q = $40,200
Q = $40,200 / $67 = 600
Answer:
Expenditures $300,000; Supplies inventory $150,000.
Explanation:
The consumption method recognizes an asset when an item is purchased and an expense when an item is used or consumed. Therefore, when supplies are first bought, Supplies Inventory has a balance of $450,000.
After using those supplies during the year, $300,000 should be debited from Supplies Inventory and credited to Expenditures.
Therefore, at fiscal year-end, the appropriate account balances on the General Fund financial statements would be: Expenditures $300,000; Supplies inventory $150,000.
