Answer:
$45,400.
Explanation:
The cost for the year will be the sum of the three main cost component:
the direct materials added
the factory overhead applied
and the direct labor cost
<em>Cost Incurred during the year:</em>
direct materials 12,800
factory overhead 5,800
Direct labor 26,800
<u>Total cost added (or ncurred) during the month: 45,400</u>
Beginning WIP 50,600
Total cost to be accounted for 96,000
Ending WIP (37,300)
Cost of goods transferred out 58,700
During the gdl (program, the dps can suspend or revoke your license for driving or more moving violations in twelve months. GDL stands for Graduated Driver License. During the GDL young drivers<span> gain knowledge and </span>driving experience. There are <span>restrictions and responsibilities associated with the license the driver is about to receive.</span>
Shawn made $32,500 last year. He is single with no children. He does not have any deductions to itemize. He should use the 1040 EZ Tax Form to file his tax return.
Explanation:
Return on income tax was the shorter version of the internal revenue service (IRS) 1040 method for Single and Joint Filers with no dependants. This form was meant for donations with basic tax conditions and was a quick and easy way to file taxes on income.
IRS Form 1040EZ is the most convenient form for filling up federal taxes with three exemptions you may use. You may be required to complete the 1040EZ application form if your taxable income amounts to under $10,000, you don't have any employers and you register as a single or married person.
As of 2018, the application for the revamped Application 1040 has been discontinued.
Answer:
The present value of Annuity is 102,228 which is higher than that of Annuity B - $95,312 Hence, Annuity is preferable.
Explanation:
To determine which to go for, we would calculate the present value of insurance investment discounted at the at the rate of 7%.
The PV of the insurance annuities would be done as follows:
PV of annuity A
The number of payments would be 20 installments. Please be mindful not to say 19. Remember the first the payment occurs in year 4 which is inclusive.
PV = A + A × 1- ( (1+r)^(-n))/r
A- annual payment
r- rate of return
n- number of years
PV = 16,000 + 16,000 × (1- 1.07^(-7) )/0.07 = $102,228.63
PV of annuity B
PV = 12,000× (1-1.07^(-12)/0.07) = $95,312.24
The present value of Annuity is 102,228 which is higher than that of Annuity B - $95,312 Hence, Annuity is preferable.
