Answer:
The gain is subtracted from net income in the operating activities section
Explanation:
Given that
Sale value of an equipment = $230,000
And, the gain on the sale = $45,000
So by considering the above information
We can say that the Sale value of an equipment is shown in the investing activities as a cash inflow while the gain on the sale is to be subtracted from the net income in the operating activities and if there is a loss than it would be added to the net income
Answer:
The overhead cost assigned to each unit of product B is $46.2 per unit.
Explanation:
Overhead absorbed in each product B can be calculated as under:
Overhead Absorbed = Overhead Absorption Rate * Absorption Basis
Here in this question, the absorption basis is Direct labor hours. So the direct labor hour per unit of Product B is 0.7 Hr and the OAR is $66.
By putting values in the above equation, we have:
Overhead Absorbed = $66 per unit * 0.7Hrs = $46.2 per unit
Answer:
correct option is a. common costs
Explanation:
solution
As common costs are those associated with operating a facility shared by the two departments
and here One facility located in Iowa and corn from the facility will be more further process into the corn for popping and the cornmeal
so as given cost at given costs at Iowa plant is common costs
so correct option is a. common costs
Answer: open listing
Explanation:
Open listing simply refers to situation whereby a property owner uses several real estate agents when he or she wants to sell a property so that there will be many potential buyers.
In this situation, the agent who eventually brings the person who purchases the property will collects the commission assigned to the property.
