Answer:
38,000 units
Explanation:
Total production required = Forecasted unit sales + Planned finished goods inventory balance = 36,000 + 14,000 = 50,000 units
Products to be manufactured = Total production required - Beginning finished goods inventory = 50,000 - 12,000 = 38,000 units
The number of finished units to be produced = 38,000 units
So the correct answer will be 38,000
Answer:
If a cheque was being issued to settle a account payable, the relevant entry is to debit the accounts payable account to show that the debt is being reduced. You will then credit the cash account to show that cash is being reduced as well because it was used to pay off the debt.
Date Account Title Debit Credit
XX-XX-XXXX Accounts Payable - Saurya Stores Rs. 39,000
Cash Rs. 39,000
Answer:
$800,000
Explanation:
The computation of the taxes paid by the company in 2013 is shown below:
Year Taxable Income Carry forward amount Year-end amount
2010 -$4,000,000 $0
2011 $1,000,000 - $4,000,000 $3,000,000
2012 $2,000,000 -$3,000,000 $1,000,000
2013 $3,000,000 -$1,000,000 $2,000,000
Now the tax paid is
= $2,000,000 × 40%
= $800,000
Answer:
Net income of the company accounted for $400,000
Explanation:
Net income is the income or the amount of residual income from the earnings after deducting all the expense or cost from the sales.
The net income or loss of the company accounted for is computed as:
Net Income or Loss = Net Income - Research and Development cost
where
Net Income amounts to $3,400,000
Research and Development cost amounts to $3,000,000
So, putting the values above:
Net Income or loss = $3,400,000 - $3,000,000
Net Income = $400,000
