Answer:
c. $5.00 & $5.00
Explanation:
Materials Conversion
Work in process July 1 $7300 $3700
Cost added in July <u>$70000</u> <u>$54000</u>
Total Cost (A) $77,300 $57,700
Equivalent unit for July (B) <u>15460 </u> <u>11540</u>
Production Cost (A/B) $5 $5
Answer:
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Answer:
Option "A" is the correct answer for the following situation.
Federal Insurance Contributions Act.
Explanation:
It is a Compensation Program that is for salary or job payment from the United States directed at both workers and employers to support federal programs for Medicare and social security that provide coverage to veterans, people with disabilities and families of deceased citizens.
Income under this Act consist of old-age pension income, survivors and disabilities taxation, also known as payroll taxes, and health benefits tax, also known as Medicare taxes. For these taxes, different rates apply.
Answer:
The answer is D. That will be used up or converted to cash within 12 months.
Explanation:
Assets are what an entity owns and controls or Asset is a resource controlled by an entity as a result of past events and from which economic benefits are expected to flow to the entity.
Current assets are assets that are expected to provide economic benefits within a year(12months)
Examples are cash and cash equivalent, inventory, accounts payable, accounts receivable.
Option A is incorrect because any asset that can last for more than a year or many years is a non-current asset e.g plant and equipment, land etc.
Option B is also incorrect because any asset must be paid for within 12 months is a liability
Answer:
The correct answer is: Proportion of any change in income that is spent on consumption.
Explanation:
In economics, this term is used to refer to the measurement made in order to determine consumption when the rent is increased by one unit. This measurement is nothing more than a mathematical relationship to calculate how people invest in consumption or save the income that is increased.
