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3 years ago

Can somebody help me with this honestly im just to lazy (35 points)

Business

2 answers:

makvit [3.9K]3 years ago

7 0

Answer:

so it is 0 percent because it makes more sense then other question

Explanation:

mafiozo [28]3 years ago

3 0

Answer:

is... is that a crossword

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sasse inc manufactures 2 products hammers and screwdrivers the company has estimated its overhead in the assembling department t

igomit [66]

Answer:

The answer is: $500,000

Explanation:

In order to allocate overhead cost we will use the overhead cost per part ratio:

Total overhead cost = $2,000,000

Hammers produced = 300,000 x 2 parts per hammer = 600,000 parts

Screwdrivers produced = 600,000 x 3 parts per hammer = 1,800,000 parts

Total parts involved in the production process = 2,400,000 parts

Overhead cost per part = $2,000,000 / 2,400,000 parts = $0.83 per part

Total overhead cost allocated to the production of hammers = 600,000 parts used in hammer production x $0.83 per part = $500,000

8 0

3 years ago

1. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipmen

Gnoma [55]

Answer:

1 Depreciation expeense (Debit) $4,200

Accumulated depreciation (Credit) $4,200

2.Bad Debt expense (Dr.) $6,900

Accounts Receivables (Cr.) $6,900

3. Accrued Interest Expense (Dr.) $1,200

Notes Payable (Cr.) $1,200

4. Accrued Income Tax (Dr.) $14,200

Cash (Cr.) $14,200

5. Cash (Dr.) $4,200

Redemption of Gift Cards (Cr.) $4,200

Explanation:

Depreciation expense is considered as a tax shield. The larger the depreciation expense, the lower will be the taxable income. The adjusting entries are required before trial balance is created. There are few transaction that occur after the initial recording of the transactions. These transaction needs to be adjusted before the financial statements preparation.

8 0

3 years ago

Write a sample professional greeting you would record on your professional cell phone to be heard by employers and recruiters if

egoroff_w [7]

Answer:

<em>hello you have reached Micah micks office line if this is an emergency please hang up and call my personal line if this isn't please leave an voicemail and ill get back to you shortly thank you goodbye</em>

Explanation:

5 0

3 years ago

Read 2 more answers

Dropping Unprofitable Department Penn Corporation has four departments, all of which appear to be profitable except department 4

Julli [10]

Answer:

A. Department (1-3) = 40%

Department 4 =25%

B. $70,000

Explanation:

A. Calculation for the gross profit percentage for departments 1-3 combined and for department 4.

Using this formula

Gross profit percentage = Gross Profit /Sales

Let plug in the formula

Department (1-3) (360,000/900,000) = 40%

Department 4 (28,000/152,000) =25%

B. Calculation for the effect that would elimination of department 4 have had on total firm net income

First step is to find the Increase(Decrease) in overall net income

Using this formula

Increase(Decrease) in overall net income = Direct expenses - Gross profit

Let plug in the formula

Increase(Decrease) in overall net income= 27,000 - 38,000

Increase(Decrease) in overall net income= (11,000) decrease

Second step is to find the net operating income

Net operating income= 81,000 - 11,000

Net operating income= $70,000

Therefore the firm's net operating income would be $70,000

8 0

3 years ago

To raise capital, Candace Tyson and Martha Black plan to sell stock to between 108 and 200 investors. They also want to avoid do

makvit [3.9K]

Answer:

The correct answer is A) Regular corporation or C corporation

Explanation:

Because Candance and Martha want to sell shares, they have to form a corporation, be it a C Corporation or an S Corporation, however, they also want to avoid double taxation, therefore, they have to form a C Corporation.

A C Corporation or Regular Corporation is taxed on the income it makes, and nothing else, the profit after deducting taxes is not taxed again. A S Corporation, on the other hand, is taxed both on income and profit.

8 0

3 years ago