Answer:
Lorie Nursery should produce during April 308 units
Explanation:
According to the given data, In order to calculate how many units should Lorie Nursery produce during April we would have to use the followinf formula:
Required Production = Expected Sales + Desired Closing Invenory - Opening Inventory
Required Production = 320 + 240 * 15 % - 320 * 15 %
=320 + 36 - 48 = 308 units
Lorie Nursery should produce during April 308 units
Answer:
Not impaired because the fair value of the equipment is greater than the carrying value of the asset by $120,000.
Explanation:
Impairment will happen if carrying amount is greater than the fair value of the assets, here the carrying value of the assets is 1,480,000, which is lessor than the fair value of the assets 1,600,000 by 120,000. Hence impairment will not happen so 1st option is correct.
Answer:
A.
Explanation:
Based on the information provided within the question it can be said that the statement that is mislabeled as a performance example is "The system must automatically generate an insurance claim form." This is the only answer provided that does not deal with performance but instead is dealing with insurance claims that do not affect performance at all. Therefore this is the answer.
Answer: 76.3%
Explanation: Gross profit margin is calculated by dividing the gross profit (difference between revenue and cost of goods sold) by revenue (Net sales). It could be expressed as a percentage by multiplying by 100.
Gross profit margin = (gross profit ÷ net sales) * 100
Gross profit = $3,320
Net sales = $4,350
Gross profit margin = ($3,320÷$4,350) * 100
0.763 * 100 = 76.3%
Answer:
amount $524,000 represent the Depreciable basis
Explanation:
given data
paid = $517,000
building = $417,000
renovations cost = $107,000
amount = $524,000
to find out
What does the amount $524,000 represent
solution
here amount $524,000 represent the Depreciable basis
because Depreciable basis is the acquisition cost of investment + renovations .........................1
Depreciable basis amount = $417,000 + $107,000 = $524,000
so here is the investment is depreciable basis
so that we can say that amount $524,000 represent the Depreciable basis
