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castortr0y [4]
2 years ago
4

On january 1, george paid the $2,345 in taxes for the current year. if he sold the property on june 23 of that same year, how mu

ch would he be credited at closing? (use a 360-day year.)
Business
1 answer:
elena55 [62]2 years ago
5 0
<span>June 23 is the 174th day of a non-leap year. 174 is 48.3% of 360, therefore George should pay 48.3% of $2,345 to the Government. The government thus owes George, and should credit him 51.7% of $2345, which amounts to $1212.37</span>
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Answer:

The impact of spending $50,000 on the research and development for a new drug to to cure liver damage will increase the expenses of the Morgan Pharmaceutical in the years financial statements.

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Morgan pharmaceutical is pending $50,000 on he research and development of new drug which can cure the liver damage, from this spending company is expecting that after they have successfully created new drug it will lead to the increase in sales , which will ultimately lead to increase in profits , which then would totally recover the initial cost incurred on research and development but until then these expenses would be shown in the current years financial statement as expenses, and thus would increase the total expenses of the company.

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vivado [14]

Answer:

Consider the following calculations

Explanation:

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3 0
2 years ago
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Answer:

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time 6

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6 0
2 years ago
Devlin Manufacturing makes a single product. Expected manufacturing costs are as follows:Variable costsDirect materials $6.50 pe
expeople1 [14]

Answer:

Manufacturing cost:                                        $

Direct material ($6.50 x 3,200)                   20,800

Direct labour ($2.40 x 3,200)                     7,680

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Depreciation                                                 5,500

Other fixed costs                                          <u>2,200</u>

Total manufacturing cost                            <u> 53,300</u>

Explanation:

Total manufacturing cost is the aggregate of direct material, direct labour,variable manufacturing overhead and fixed costs. Fixed costs include supervisory salaries, depreciation and other fixed costs. Direct material cost per unit, direct labour cost per unit and manufacturing overhead cost per unit should be multiplied by the budgeted units per month.                      

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