Answer: $190,000
Explanation:
The recorded value of the new equipment will be the summation of the trade in allowance and the cash that was paid. This will be:
= $108,000 + $82,000
= $190,000
Answer:
The answer is Convenience goods
Explanation:
...
A single person earns a gross biweekly salary of $780 and claims 6 exemptions. their net pay changes due to the federal income tax withheld No federal income taxes are withheld. Option A. This is further explained below.
<h3>What is income tax?</h3>
Generally, The income tax is a kind of direct taxation in which the government takes a cut of a person's earnings. The federal government is obligated to collect this fee because of the Income Tax Act of 1961.
In conclusion, A person living alone might expect to earn $780 every two weeks after taking into account the six allowances that are allowed for such a situation. Their after-tax income shifts as a result of federal income tax withholding. There will be no withholding of federal income taxes.
Read more about income tax
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Answer:
Increase, Decrease
Explanation:
A decrease in the supply results in many buyers competing for very few goods. If the demand is constant, the quantity supplied and price have an indirect relationship. A decrease in the volume of supplied results in an increase in price. Many buyers will be competing for a few products causing the equilibrium price to increase.
A decrease in supply will cause the quantity available for buyers to buy to decline. Consequently, the volume purchased will be fewer. Equilibrium quantity will, therefore, decrease.
Answer:
$36,000
Explanation:
The first step is to calculate the equivalent unit of work in process
=degree of completion × ending work in process
= 40/100 × 3000
= 0.4 × 3000
= 1,200
The total equivalent units of production can be calculated as follows
= 21,000 + 1,200
= 22,000 units
The cost per equivalent unit can be calculated as follows
= 660,000/22,000
= $30
Therefore the cost of ending work in process can be calculated as follows
= equivalent unit × cost per equivalent unit
= 1,200 × 30
= $36,000
