Answer:
the gross profit of XYZ is $294,000
Explanation:
The computation of the gross profit is shown below:
= Revenue - cost of goods sold
= $485,000 - ($38,000 + $186,000 - $33,000)
= $485,000 - $191,000
= $294,000
Hence, the gross profit of XYZ is $294,000
The above formula should be used for the same
Answer:
a. $129,500
Explanation:
Conversion costs includes all those costs which are used to convert the raw material into the finished goods. All the manufacturing costs excluding material costs are included in the conversion cost.
Total Conversion Cost is calculated as follow:
Direct Labor cost $84,000
Add: Applied Factory overheads <u>$45,500</u>
Total Conversion cost <u>$129,500</u>
The correct answer is true
Answer:
In general, a hands-on manager spends more time interacting directly with employees and working on tasks. This contrasts with a manager who has a more hands-off approach and spends a lot of time in his office making decisions and delegating tasks
Explanation:
Answer: a. it is for a public purpose.
Explanation:
According to the Modern Traditional theory on compensation which deals with the seizure of foreign-owned property by the government of the nation in which the property is located, the sovereign authorities may nationalize foreign-owned property if it is deemed to be for public use.
If the government has shown that nationalization is for the good of the nation, the theory espouses that it is allowed. They would however have to provide adequate compensation to those whom the property was seized from.