Answer:
A. costs incurred prior to the split-off point when producing products that appear simultaneously.
Explanation:
Joint costs are costs incurred prior to the split-off point when producing products that appear simultaneously.
In cost and manufacturing accounting, a joint cost is a cost incurred in a joint process or during a joint production of more than one output and may include direct material, direct labor, and overhead costs incurred before the split-off point.
Answer:
c. $1,300 gain
Explanation:
In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.
$7,300 - $6,000 = $1,300
Buisness it’s inventory holding cost per unit
Answer:
The correct answer is letter "D": a counteroffer.
Explanation:
A counteroffer is any offer made after an initial offering. It is valid only if both parties in a commercial transaction accept it. Counteroffers imply the initial offering was rejected by one of the parties involved in the transaction, thus, the terms must be reviewed until the parties reach an agreement. Otherwise, the contract would not proceed.
Tax brackets are adjusted yearly by the Internal Revenue Service, also known as the IRS. They are adjusted yearly because the economy in the United States has inflation each year. The IRS will then adjust the tax brackets upwards for the citizens. The IRS will adjust things like the standard deduction, personal exemptions, etc for the cost of living. The taxes sometimes will stay the same, but the person or corporation will go into a different tax bracket. The correct answer will be B: Tax Brackets.
