Answer:
$510,130
Explanation:
Costs can be classified into two categories: Product Costs and Period Costs. Product costs are the manufacturing costs that are incurred in the production of goods and services. Under absorption costing, product costs include direct materials, direct labor, indirect materials, indirect labor, and other factory overhead. These costs are capitalized and expensed out when related goods and services are sold out.
On the other hand, period costs are selling & administrative expenses. These costs are never capitalized and expensed out in the statement of profit or loss as soon as incurred. Examples of period costs are advertisement expenses, depreciation expenses (not related to factory), sales commissions, administrative salaries and wages.
<u>Calculation of Period Costs</u>
Advertising costs $12,000
CEO's salary 460,000
Delivery vehicle depreciation 1,230
Administrative wages and salaries 36,900
Total Period Costs $510,130
Answer:
C. Accounts Receivable 45,400 Sales Revenue 45,400
Explanation:
Trade Receivable $45,400 (debit)
Revenue $45,400 (credit)
<em>Recognise an Asset - Trade Receivable and Revenue</em>
Answer:
A. Coercive
Explanation:
Stephanie, the manager seems to be demanding respect from her subordinates in a forceful way.
To coerce means to persuade an unwilling person to do something by threats or force.
Stephanie is frustrated because her method of coercion has failed to work on her subordinates so she has gone to report to a higher authority.
Answer:
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act)
Answer:
Ad valorem tariff
Explanation:
Ad valorem tax is defined as, any tax based on the money related estimation of the burdened thing. Truly the term signifies "as per esteem." Traditionally, most traditions and extracts had "explicit" rates; the assessment base was characterized regarding physical units, for example, gallons, pounds, or individual things.
For example taxes on goads and service,VAT on the final product and service.
