What does total number of allowances you are claiming mean.

A limited liability company is best thought of as a cross between a partnership and a:

8_murik_8 [283]

An LLC is a cross between a partnership and a corporation, because you have the flexibility of a partnership but more of the legal and financial protections that a corporation has.

7 0

3 years ago

Ortega Industries manufactures 15,000 components per year. The manufacturing cost of the components was determined to be as foll

Nadya [2.5K]

Answer:

A. $30,000 decrease

Explanation:

Ortega Industries

Direct materials $ 150,000

Direct labor 240,000

Variable manufacturing overhead 90,000

Fixed manufacturing overhead 120,000

Total Manufacturing Costs for 15000 units is $ 600,000

Total Manufacturing Costs per unit= Total Costs/ Total units= $600,000 / 15000= $ 40

An outside supplier has offered to sell the component to Ortega for $34.

Profit per unit = $ 6

Profit for 15000 units = $6*15000= $ 90,000

The fixed manufacturing overhead reflects the cost of Ortega's manufacturing facility= $ 120,000 Which cannot be used for any other facility.

Unavoidable Fixed Costs= $ 120,000

Less Profits= $ 90,000

Decrease in operating Profits $ 30,000

If Ortega Industries purchases the component from the outside supplier, the effect on operating profits would be a $30,000 decrease because after the profit of $ 90,000 cancel the effect of fixed costs of $ 90,000 the fixed costs of $ 30,000 will still be unavoidable and cannot be used for any other facility.

4 0

3 years ago

A company is to hire two new employees. They have prepared a final list of thirteen candidates, all of whom are equally qualifie

mojhsa [17]

Answer: 0.1282

Explanation:

Total number of possible outcome( total candidates) = 13

Total number of men = 13 - 8 = 5

Total number of women = 8

Number of candidates to be selected = 2

Find the probability that both are men :

Probability of 1st candidate being a male = required outcome ÷ total possible outcome = 5/13

Probability of second candidate being a male, means we now have 4 men left and a total of 12 = 4/12

Therefore, P = (5/13) × (4/12)

P = (5/13) ×(1/3) = 5/39 = 0.1282

5 0

4 years ago

Havermill Co. establishes a $330 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

slavikrds [6]

Answer: a) Debit to Office Supplies for $81.

Explanation:

Office Supplies of $81 were used in the month of September. When replenishing the fund, this asset will be accounted for by being debited and cash will be credited to reflect the reason the cash account is being reduced.

The Journal entry for the replenishment will be;

DR Office supplies Account ......................................$81

DR Merchandise inventory Account ........................$153

DR Misc. expense Account........................................ $30

CR Cash account ......................................................................$264

5 0

4 years ago

1. Poverty is more than an economic problem, its a source of social discontent and political________; However, economic ________

horrorfan [7]

Poverty is more than an economic problem, it is a source of social discontent and political unrest; economic development has reduced the proportion of people living below the poverty line.

<h3>What is poverty?</h3>

Poverty is shown as a deficiency of money and profitable resources to support long-term survival.

Hunger and starvation, restricted access to education and other basic services, social prejudice and exclusion, and a disinterest in decision-making are all examples of its expressions.

Poverty is a cause of social dissatisfaction and political upheaval; economic development has lowered the amount of people living in poverty.

Therefore, the poverty is a very big problem than the economic problem.

Learn more about the poverty, refer to:

brainly.com/question/10645433

#SPJ1

8 0

2 years ago