Answer:
Dept Y = $7750
Dept Z = $6250
Explanation:
To allocate the cost the cost , the first step is to deduct the indirect expenses related to Y
The allocate the balance in the ratio of 50:50 to Y and Z
Total delivery expenses - $14,000
Dept Y = 1500 +( 12500*50%)
1500+6250 =7750
Dept Z = 6250
Answer:
There are positioning to be brought by a client
Answer:
Paid in capital treasury stock = $1,600
Explanation:
Paid in capital treasury stock = (Market value - purchase value) × Number of share reissued.
Given,
Reacquired treasury stock = 2000 shares
As the shares were reacquired for $20,
Reacquired total treasury stock = 2,000 shares × $20 = $40,000
Reissued number of shares = 800
Market price of those treasury stock is $22 per share.
Therefore, paid in capital - treasury stock = $(22 - 20) × 800 shares
Paid in capital - treasury stock = $1,600
The preparation of the multi step income statement is shown below
Pacific Scientific Corporation
Multi - step income statement
On December, 2021
Sales revenues $2,106
Less: Cost of goods sold -$1,240
Gross profit $866
Operating expenses
Less: Selling expenses -$126
Less: General and administrative expense -$105
Total operating expenses -$231
Operations income $635
Non operating and other items
Interest expenses -$40
Gain on sale of investment $45
Total non operating $5
Earning before taxes $640
Less- Income tax expense at 30% -$160
Net income $480
That type of expenses or costs are called Operating expense or more commonly knwon as OPEX. This is an ongoing flow of cost for running a business or a system. In those expenses we can include rents, utilities, and management salaries. Basically stated, <span> this is the </span>money<span> the restaurant spends in order to turn </span>inventory<span> into performance</span>
