Answer:
$16.9 per widget
Explanation:
Given that,
Beginning inventory = $2,500
Purchases = $156,000
Ending inventory = $38,200
Sales Revenue = $783,000
Selling and Administrative Expenses = $5,400
Total cost of the 7,100 widgets:
= Beginning inventory + Purchases - Ending inventory
= $2,500 + $156,000 - $38,200
= $120,300
Therefore,
Cost of one widget = Total cost of the 7,100 widgets ÷ Number of widgets
= $120,300 ÷ 7,100
= $16.9 per widget
Answer:
The firm's tax payment is $ 102,200
Explanation:
Sales 3,600,000
Cost of goods sold. (2,300,000)
Gross profit. 1,300,000
Other operating exp. (840,000)
Depreciation expenses. (114,000)
Interest expense
625,000 × 8%. (50,000)
Gain on investment 30,000
Income before taxes. 326,000
Tax expense 31.34% × 326,000
Firm's tax payment is therefore $102,200.
The professor has constructed a hypothesis. This answer
takes from the first statement mentioning how the professor predicts a
relationship between two variables. A hypothesis can be used to make a
statement that predicts a relationship or solve a certain phenomenon. It must
be based off by facts and solid information.
Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.
.
<h3>What is the student union?</h3>
The student union is known to be a body that is composed of student of any university, polytechnic or college institution.
It is known to be a body that is autonomous and one whose internal life set up its own by-laws.
Note that the student unions are often allocated funds by the university or polytechnic and as such they have to use the audit service because some of their leaders may squander the money given to them., So this will help to checkmate them.
Hence, Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.
Learn more about student union government from
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