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Dafna1 [17]
3 years ago
15

A decedent died on May 31, 2018. On September 1, 2018, the executor sold the decedent's home. The executor elected to use the al

ternate valuation date. For purposes of valuing the home, which date should be used
Business
1 answer:
ra1l [238]3 years ago
5 0

Answer and Explanation:

The date that should be used is September 1, 2018

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Austin Financial recently announced that its net income increased sharply from the previous year, yet its net cash provided from
SOVA2 [1]

Answer:

The companie's depreciation expense declined.

Explanation:

When depreciation expense declined it will result in decrease in general expenses and as a result income will increase.

Depreciation is added as.part of cash flow from operations, so as depreciation decreases the cash flow also decraeses.

A decrease in depreciation will result in net income increase from the previous year, and net cash provided from operations will decline.

7 0
3 years ago
Read 2 more answers
Shanghai Company sells glasses, fine china, and everyday dinnerware. It uses activity-based costing to determine the cost of the
Firlakuza [10]

Answer and Explanation:

The computation is shown below:

a. For shipping and handling activity for each product is

For Glasses

= $8 × 2

= $12

For China

= $8 × 4

= $32

And, for Everyday dinner ware

= $8 × 6

= $48

b. the total shipping and receiving costs for the china is

= 3,500 × $32

= $112,000

Hence, in this way the parts could be determined

6 0
3 years ago
An electronics company has factories in Cleveland and Toledo that manufacture three head and forehead VCRs. Each day the Clevela
Vesna [10]

Answer:

The Toledo factory should work for 20 days

The Cleveland factory should work for 50 days

Explanation:

Let me use abbreviations to denote each of the VCR produces:

Three head  VCR = THV

Four head VCR = FHV

we were told that:

Cleveland in one day produces; 500 THV and 300 FHV at a price of $18000, while Toledo in one day produces; 300 THV and 300 FHV at a price of $15000.

Information on order received:

THV = 25,000

FHV = 21000

Next let us use the common factor between both company locations to divide the production days between them, and the common product produced equally by these two factories is FHV where each of them produce 300 in a day.

hence to fill an order of 21,000 FHV, each factory has to produce 21000 ÷ 2 = 10, 500 orders each.

Now let us find how many days it will take to produce 10,500 orders if they produce 300 orders each day:

300 FHV = 1 day

∴ 10,500 FHV = \frac{1}{300} × \frac{10,500}{1} = 35 days.

Therefore, if both factories were to be producing the same amount of both THV and FHV each it will take them 35 days each to fill the order, but because Cleveland factory produces 500 THV while Toledo produces 300 THV, this will not hold since at the end of 35 days:

the Cleveland factory will produce 35 × 500 = 17,500 THV

the Toledo factory will produce 35 × 300 = 10,500 THV, bringing the total number of THV to 28,000 which is 3000 more than the order of 25,000 THVs

Next, we have to work backwards.Since the Cleveland factory has an excess of 3000 THVs, let us see how many days it will take to produce the excess 3000 THVs and remove that number of days from the Cleveland factory, while adding that same number of days to the Toledo factory, to even things out.

So removing one day from Cleveland will reduce production of THVs by 500, while concurrently adding one day to FHV will increase production of THV by 300, creating a net production of 200 THVs being removed.

Remember that the excess THV produced was 3000, to get the total number of days to remove from Cleveland and to add to Toledo, we will divide 3000 by 200.

∴ 3000 ÷ 200 = 15.

hence we will subtract 15 days from the original 35 days of Cleveland while we add 15 days to the original 35 of Toledo giving us:

Cleveland: 35 - 15 = 20 days

Toledo: 35 + 15 = 50 days.

now let us test our answer.

for THV:

Cleveland working for 20 days will produce; 500 × 20 = 10000

Toledo working for 50 days will produce; 300 × 50 = 15000

giving a total of 10000 + 15000 = 25,000 three head VCRs.

for Four Head VCRs (FHV)

Cleveland working for 20 days will produce; 300 × 20 = 6,000

Toledo working for 50 days will produce; 300 × 50 = 15,000

therefore total Four head VCRs produced = 6,000 + 15,000 = 21,000 VCRs.

and the total cost of production:

Cleveland; 1 day = $18,000

∴ 20 days = 18,000 × 20 = $360,000

while Toledo in 50 days = 15000 × 50 = $750,000. Hence the total amount for production = $360,000 + $750,000 = $1,110,000

3 0
3 years ago
Lifetime sells softball equipment. On November 14, they shipped $3,000 worth of softball uniforms to Palos Middle School, terms
Firdavs [7]

Answer:

The correct answer is $2,700.

Explanation:

According to the scenario, the computation of the given data are as follows:

Sell uniforms = $3,000

Sale return = $300

received order to produce in December = $1,800

So, we can calculate the net account receivable in November by using following formula:

Net account receivable =  Sales in November - Sales return in November

By putting the value, we get

= $3,000 - $300

= $2,700

7 0
3 years ago
A company facing a simple environment would ____.
adoni [48]
<span>A company facing a simple environment would not thrive. A simple environment would not pose any competition at all for the employees to step up their game and bring out the best in them. Competition is not part of a simple environment but on a complex level.</span>
7 0
3 years ago
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