In a perpetual inventory system, inventory is initially recorded at _____

lee, a maryland licensee, has a buyer client who asks for recommendations for home improvement contractors. lee gives her client

SpyIntel [72]

Lee gives her client a list of recommended contractors, which includes the date that she last checked each contractor's license status on the Maryland home improvement commission's website. Lee must check the license status of the providers that she recommends yearly.

In Maryland, a contractor license is needed if you wish to work on domestic development tasks or do electric, plumbing, or HVACR work. Commonly, the license arrives 10 days after the utility is authorized. Our organization would love to recognize the requirements for a home development contractor to get licensed within the nation of Maryland.

Home improvement subcontractors may fit without a license whilst performing home improvements for an MHIC licensed contractor within the kingdom of Maryland. The regulation keeps offering that the best MHIC-certified contractors may input into contracts with homeowners to perform domestic improvement work.

All contractors who carry out home improvement, together with painters, in the state of Maryland, require a license. All candidates must display years of experience in home development, construction, or associated schooling.

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5 0

2 years ago

how has the management of forest and agricultural resources impacted the environment in south america?

prisoha [69]

The management of forest and agricultural resources has impacted the environment in South America by causing deforestation and soil erosion.

What is environment?
An environment can be simply defined as a system that includes all biotic or abiotic components that have an impact on human life. All flora and fauna are considered biotic, or living, elements, whereas water, sunlight, air, climate, etc. are considered abiotic. An environment's resources can be any good, service, or feature that benefits people and society. They can be anything that fulfils a person's daily needs. Environmental supplies include food provided by living things and plants, energy used for transportation and cooking, wind, and oil, among others. The environment provides a wide range of goods and services needed to support life. Each resource is valuable and has a certain level of importance.

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6 0

1 year ago

Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring ser

stealth61 [152]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Toot! TiX Total

Users 17,900 24,100 42,000

Administrative costs $ 1,848,000

We need to allocate administrative costs to each product. First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,848,000/42,000

Predetermined manufacturing overhead rate= $44 per user

Now, we allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Toot!= 44*17,900= 787,600

TiX= 44*24,100= 1,060,400

Finally, the gross profit for each service:

Toot!:

Revenue= 2,200,000

Engineering cost= (1,096,250)

Administrative cost= (787,600)

Profit= $316,150

TiX:

Revenues= 2,400,000

Engineering cost= (1,213,750)

Administrative cost= (1,060,400)

Profit= $125,850

5 0

4 years ago

Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 350,000 Income tax expe

lisov135 [29]

Answer and Explanation:

The preparation of the multiple-step income statement is presented below:

Beasley, Inc.

Multiple-step income statement

December 31, 2021

Sales revenue $350,000

Less: Cost of goods sold -$125,000

Gross profit $225,000

Less: Operating expenses

Salaries expense -$37,000

Advertising expense -$23,000

Utilities expense -$43,000

Operating income $122,000

Less: interest expense -$12,000

Income before income tax $110,000

Less: income tax expense -$39,000

Net income $71,000

We simply deduct all the expenses from the sales revenue so that the net income could arrive

7 0

3 years ago

Temporary Housing Services Incorporated (THSI) is considering a project that involves setting up a temporary housing facility in

Tema [17]

Answer:

$6.25 million

Explanation:

Calculation for free cash flow

Using this formula

Free Cash Flow = (Revenues - Expenses-Depreciation) × (1–Tax rate) + Depreciation

Let plug in the formula

Free Cash Flow= ($20 million - $12 million - $3 million ) × (1–0.35) + $3 million

Free Cash Flow=($5 million*0.65)+$3 million

Free Cash Flow=$3.25million+$3 million

Free Cash Flow=$6.25 million

Therefore free cash flow for the first and only year of operation wiill be $6.25 million

7 0

4 years ago

In a perpetual inventory system, inventory is initially recorded at ______.