Answer:
The correct answer would be option C, $26000
Explanation:
There are a lot of costs associated with the production, Advertisement, Sales, etc of a product. These costs acts as the overheads for the company. If there is a cost which cannot be capitalized into Inventory, Prepaid expenses, or fixed assets, it is called as the Period Cost. Good examples of Period costs are Advertisement expenses, Selling Expenses, etc.
In the given question, Office Rent is the such type of a cost which cannot be capitalized into above mentioned accounts. Office Rent comes under the period cost category. So the correct answer is $26000.
Answer:
The correct answer is "$120,250".
Explanation:
The given values are:
Opening inventory
= $38,500
Closing inventory
= $15,250
Purchases
= $97,000
Now,
The cost of materials used during the month of February will be:
= Opening Inventory + Purchases - Closing Inventory
On putting the estimated values in the above formula, we get
= 
= 
($)
Tap & go turns a smart phone into a wallet. This technology allows vendors to accept credit cards in "contacless" way. Credit card companies and technology companies embrace this and it is expected to grow.
The three state taxes are what you earn, taxes on what you buy, and taxes on what you own.
Earn: individual income taxes, corporate income taxes, payroll taxes, and capital gains taxes;
Buy: sales taxes, gross receipts taxes, value-added taxes, and excise taxes;
Own: property taxes, tangible personal property taxes, estate, and inheritance taxes, and wealth taxes.
Answer:
A :$210,000
Explanation:
The accounting equation gives the relationship between the various elements of the balance sheet. These are the assets, liabilities and Stockholders' equity
Assets = Stockholders' equity + Liabilities
Retained earnings is the portion of the company's earnings that is added to the common stock to get the Stockholders' equity.
Retained earnings added = $375,000 - $200,000 - $35,000
= $140,000
Stockholders' equity at the end of the year = $250,000 - $180,000 + $140,000
= $210,000
