Answer:
Peterson's finished goods inventory cost at December 31 under the variable costing method is $90,000
Explanation:
The computation of the Peterson's finished goods inventory cost is shown below:
= (Variable manufacturing cost ÷ units manufactured) × units difference
= ($630,000 ÷ 70,000 units) × 10,000 units
= $90,000
The units difference would be equal to
= Units manufactured - units sold
= 70,000 - 60,000
= 10,000 units
Answer:
C) legal component
Explanation:
When Jane got the job at Incogyn Inc she signed a contract that states she would receive $7,500 after all taxes are paid. Instead she was paid $7,230.
This is a misinterpretation of information, breach of the contract between Jane and Incogyn so the loss incurred was as a result of legal component of Incogyn Inc's environment.
When companies make deductions not previously agreed upon, the information should be passed along to the employees to avoid legal action.
The cost is clearly came from the national Budget. By providing welfare payments and subsidies, there will be less budget for other Government's plan.
As for the consequences, there are positive and negative consequence
Positive :
- It could improve the quality of life of the people in that country
Negative :
- There's a risk that people could rely on the welfare too much and became heavily dependent on it
Answer:
$196,730
Explanation:
The note payable signed has an interest rate of 6% per year. Since the amount is paid back in 6-months, only half a period should be considered when calculating interests due. The total amount that New Morning Bakery should pay back on May 1, 2022 is given by:
The company will need to pay $196,730.
