Answer:
Net Income under absorption costing is $11,250.
Explanation:
<u>Absorption Costing Income Statement.</u>
Sales Revenue (750 units × $100) $75,000
Less Cost of Sales
Opening Inventory $0
Add Cost of Goods Manufactured (1,000 units × $55.00) $55,000
Less Closing Inventory (250 units × $55.00) ($13,750)($41,250)
Gross Profit $33,750
Less Expenses :
Selling and administrative expenses :
Fixed ($15,000)
Variable (750 units×$10.00) ($7,500)
Net Income / (Loss) $11,250
Conclusion :
Manufacturing costs under absorption costing include both fixed and variable costs.
All Non-manufacturing costs are treated as period costs, expense during the period.
Net Income under absorption costing is $11,250.
I'm Pretty Sure The Answer Is C.receipt. Bc a receipt shows what you paid for
Applied methods corporation promises to provide stock options to Belden, a production designer, for processes he has already designed. This promise exists unenforceable.
<h3>What is a promise in Contract?</h3>
A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties. The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts. All business is conducted through contracts, which are mutual agreements between two (or more) parties that, once signed, impose binding legal duties on each party. Simple solutions for this include purchasing something or offering a service.
A contract, however, is enforceable in a court of law. There are no legal ramifications for breaking a promise in the same way that there are for breaching a contract, yet persons of honor and high moral character try to fulfil their word whenever feasible. A promise or set of promises is referred to as a contract if the law recognizes a duty to perform them or if there is a legal remedy for their breach.
Hence, Applied methods corporation promises to provide stock options to Belden, a production designer, for processes he has already designed. This promise exists unenforceable.
To learn more about Contract refer to:
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Answer:
amount that should be reported for patent amortization expense for 2018 will be $90000.27
Explanation:
given data
purchased patent = $405,000
useful life = 10 years
spent = $99,000
remaining useful life = 5 years
solution
first we get here amortization from September 1, 2016 - January 1, 2018 that is
September 1 - december 31 = 
= 0.333333
amortization = (1 + 0.333333) × (405000 ÷ 10)
amortization = $53998.65
and
now we get remaining value before defence
remaining value = $405,000 - $53998.65
remaining value = $351001.35
and
now we get here amount to be reported for patent amortization expense for 2018
amount = ( $351001.35 + $99,000 ) ÷ 5
amount = $90000.27
so amount that should be reported for patent amortization expense for 2018 will be $90000.27
The level of social ecology model that the health behavior
is operating is in the societal level in which this is responsible of affecting
or influencing people in the economy, the social policies of which the
companies is considered to be a part of.
