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Alinara [238K]
3 years ago
9

What is the difference between SG&A costs and Indirect costs?

Business
1 answer:
nlexa [21]3 years ago
6 0

SG&A is an initialism used in accounting to refer to Selling, General and Administrative Expenses, which is a major non-production cost presented in an income statement.

Indirect costs are costs that are not directly accountable to a cost object. Indirect costs may be either fixed or variable. Indirect costs include administration, personnel and security costs. These are those costs which are not directly related to production. Some indirect costs may be overhead.

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Rainbow Co. began operations in 2019 and reported $600,000 in income before income taxes for the year. Rainbow’s 2019 tax deprec
cricket20 [7]

Answer:

30.000

Explanation:

Income before taxes  $300,000

Timing difference between books and Tax (A) $100,000

Permanent difference cannot be considered for calculation of Differed tax liability or Deferred tax asset $40,000 (B)  is zero

Total Timing deference (C=A+B)  $100,000

Tax rate enacted for future (D)  30%

<h2>Differed tax liability (C*D)  $30,000 </h2>

<h2></h2>

4 0
3 years ago
Art Company issued 6%, 5 year bonds, with par value of $1,600,000, paying semiannual interest for $1,470,226. The annual market
Soloha48 [4]

Answer:

The correct answer is option (B).

Explanation:

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

Bond carrying value = $1,470,226

Rate of interest = 8%

Rate of interest (Semiannual ) = 4%

So, we can calculate the the bond interest expense on the first interest payment by using following formula:

The bond interest expense = Bond carrying value × rate of interest (semiannual)

By putting the value we get

= $1,470,226 × 4%

= $58,809

6 0
3 years ago
Choose all that apply.
lana [24]
I would recommend a savings account
7 0
3 years ago
Advertising plays an important role in helping a firm develop and manage its brands. T/F
klasskru [66]

Answer:

The given above statement that advertising helps in developing and managing brand is true.

Explanation:

For a company, brand management ( which means developing and maintaining brand image of your company, in order to create a good relationship with its target consumers ) is very important for its success and proper advertising and promotion can help in creating a good brand image of the company.

With the help of advertisement, a company can deliver a message to its target consumers telling about the benefits of its brands and why their brand is much better than other competitors , and by delivering this message , a company would be able to influence the purchase decision of its consumers.

4 0
3 years ago
Please help me out with my question
telo118 [61]

Answer:

B. $8293.75  

Step-by-step explanation:

<em>On first $9 225:</em>

Tax =     $9225 × 0.10 = $  922.50

<em>On next $28 225: </em>

Tax = $28 225 × 0.15 =   4233.75

<em>On last $12 550</em>:

Tax = <u>$12 550</u> × 0.25 = <u>  3137.50 </u>

        $50 000             $8293.75

This isn't exactly the same as on your answer key.


4 0
3 years ago
Read 2 more answers
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