Answer:
The answer is: $29,000
Explanation:
To calculate Job A3B's costs during September we must add direct materials plus 3 times direct labor:
September costs = direct materials + (direct labor x 3) = $1,500 + $9,000
September costs = $10,500
We do the same for October:
October costs: direct materials + (direct labor x 3) = $2,000 + $16,500
October costs = $18,500
The total cost for Job A3B is: $10,500 + $18,500 = $29,000
Answer:
Please find the complete solution in the attached file.
Explanation:
Answer:
$950,000
Explanation:
As per IRS section 332, in the case when the parent company received a property when the complete liquidation of subsidiary company is done so the receipts of such property would not recorded either any loss or gain. Also the basis of the parent company assets would be carry over basis.
So here the basis would be $950,000
The same is to be considered
Answer:
The correct answer is: $12,000
Explanation:
uncollectible debt = 6% of net sales
= 6/100 × 200,000
= 0.06 × 200,000 = $12,000
Therefore, $12,000 will be removed (debited) from the bad debt expense because it is uncollectible, and it is added (credited) to the Allowance for Doubtful accounts as bad debt to be paid for in the bad debt reserve account.
Answer:
The correct answer is letter "B": There could be supplier interruptions due to political instability.
Explanation:
Single sourcing refers to a company deciding to choose one particular supplier -even if there are many options from where to select- because of a specific reason. The greater disadvantage of this situation is relying on one supplier for the manufacturing process which at a certain point could bring <em>instability </em>in front of different issues inherent or not to the supplier.
