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2 years ago

Emily Casper earns a weekly salary of $785. How much will she make after four weeks?

Business

1 answer:

OleMash [197]2 years ago

7 0

Answer:

$3140

Explanation:

It is given that,

Weekly salary of Emily Casper is $785. We need to find her earning after 4 weeks. It is a type of question based on the unitary method.

1 week = $785

4 week = 4 × $785

= $3140

Hence, her salary after 4 weeks is $3140.

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FB Corp. prepares its financial statements in accordance with IFRS. FB acquired 100% of the outstanding common stock of Skarlet,

jeka57 [31]

Answer:

See the attached file below.

Explanation:

There's not much difference between IFRS and U.S. GAAP when it comes to business acquisition.

In accordance with IFRS, FB Corp. would do the following procedure:

(1) record the acquired assets and liabilities at fair value

(2) expense any acquisition related costs such as legal fees

(3) ignore post acquisition costs when determining the values at acquisition

(4) calculate goodwill as the difference between the net assets and the acquisition price less legal fees.

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2 years ago

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A fundamentally functional organization creates a special project team to handle a critical project. this team has many of the c

Nadusha1986 [10]

Such an organization would be called the syndicate.

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Tamarack Company purchased a plant from one of its suppliers. The $1,000,000 purchase price included the land, a building, and f

timama [110]

Answer

<h3>The total purchase price allocated to land, building, and machinery accounts is $140,840, $509,707 and $355,453 respectively.</h3>

<h3>Explanation</h3>

<h3><em>Calculation of Total purchase price</em></h3>

Total purchase price = purchase price + legal fee

= 1.000.000 + 6.000

= 1.006.000

Allocation of the total purchase price to the land, building, and machinery accounts in Tamarack Company’s record:

Land = Total purchase price * (Assesed Value of Land / Total Property Assessed Value)

= 1.006.000 * (126.000 / 900.000)

= 140.840

Building = Total Purchase Price * (Assesed Value of Machinery / Total Property Assessed Value)

Building = 1.006.000 * (318.000 / 900.000) = 355.453,3

<h3>Thus, the total purchase price allocated to land, building, and machinery accounts is $140,840, $509,707 and $355,453 respectively.</h3>

4 0

2 years ago

Glenville Company has the following information for April: Cost of direct materials used in production $280,000 Direct labor 324

ankoles [38]

Answer:

Part 1 . Determine the cost of goods manufactured

Direct materials $280,000

Direct labor $324,000

Factory overhead $188,900

Add Opening Stock of Work In Progress Inventory $72,300

Less Closing Stock of Work In Progress Inventory $76,800

Cost of Goods Manufactured $788,700

Therefore cost of goods manufactured is $788,700

Part 2 . Statement of Cost of Goods Manufactured

Opening Stock of Finished Goods Inventory 39,600

Add Cost of Goods Manufactured 788,700

Less Closing Stock of Finished Goods (41,200)

Cost of Goods Manufactured 787100

Explanation:

Part 1 . Determine the cost of goods manufactured

This is a calculation of all Overheads Incurred in the Manufacturing process

Part 2 . Statement of Cost of Goods Manufactured

It is Important to note that Glenville Company is in the Manufacturing Business and their Cost of Sales cost from cost of Finished Goods.This would be the statement available for external use

5 0

2 years ago

Tanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyo

Kay [80]

Answer:

Tanya

Taxable Income is:

$23,564

Explanation:

a) Data and Calculations:

Gross Income:

Wages $22,594

Bank interest $320

Unemployment $250

Alimony (Pre 2018) $2,400

Total gross income $25,564

Claim adjustments:

Student loan interest ($800)

IRA (1,200)

Taxable income $23,564

b) Tanya's taxable income is the amount of income that will be used to calculate how much tax she owes to the government in a given tax year. It is generally described as the adjusted gross income because it is her total income, known as her “gross income,” minus any deductions or exemptions allowed in that tax year.

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2 years ago