the cost of the shoes 5 years from now if the price increases 8% per year :- $103.
What is percentage?
A % in mathematics is a quantity or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent sign, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement. %, which is a relative figure used to denote hundredths of any quantity. Since one percent (symbolized as 1%) is equal to one hundredth of something, 100 percent stands for everything, and 200 percent refers to twice the amount specified. percentage.
The provided value will be multiplied by 100 to determine the percentage. As an illustration, the supplied number is 0.55. In percentage terms, 0.55 * 100 equals 55%.
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Answer:
b. depreciation reduces both the pretax income and the net income.
Explanation:
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.
An income statement comprises of the financial information about the income and expenses of an organization over a specific period of time.
Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
The Modified Accelerated Cost Recovery System (MACRS) can be defined as a depreciation system that avails business owners or companies the ability and opportunity to recover or recoup the cost basis of physical assets that have experienced deterioration over a specific period of time.
In the United States of America, the Modified Accelerated Cost Recovery System (MACRS) is used mainly for tax purposes because it gives room for faster depreciation of a physical asset in its first years or initial usage and reduces depreciation as it is being used over a long period of time.
Generally, it can be deduced from an income statement that depreciation reduces both the pretax income and the net income of a business firm or an organization.
Answer:
$367,800; $391,600
Explanation:
Manufacturing overhead:
= Depreciation on plant + Factory supplies used + Property tax on plant
= 70,200 + 29,200 + 21,000
= 120,400
Total manufacturing cost:
= Material used in production + Labor cost + Manufacturing overhead
= $129,600 + 120,400 + 120,400
= 370,400
Cost of good manufactured:
= Beginning work in process + Total manufacturing cost - Ending work in process
= 14,400 + 370,400 - 17,000
= $367,800
Cost of goods sold:
= cost of goods manufactured + Beginning finished goods inventory - Ending finished goods inventory
= $367,800 + 70,200 + 46,400
= $391,600
Answer:
a.budget
Explanation:
The budget refers to the estimation of the revenues earned and expenses incurred so that the company could able to take the decisions according to that.
It also a formal and written statement that shows the management plans for the upcoming future i.e to be expressed in a numerical term or we can say in financial terms
Hence, the correct option is a. budget
