Answer:
the absorption costing net operating income last year is $41,200
Explanation:
Absorption Costing Net Operating Income for last year is determined by reconciling the Variable Costing Income to Absorption Costing Income.
<u>Calculation of Absorption Costing Net Operating Income</u>
Variable Costing Income $52,400
<em>Less</em> Decrease in Inventory ( 1,400 × $8) ($11,200)
Absorption Costing Net Operating Income $41,200
Absorption Costing Net Operating Income will be <em>lower than </em>Variable Costing Income.
Answer:Jalen journal $
Date
Jan 1 ,2021
Land Dr. 860,887
Note payable Cr. 860,887
Narration. Issuance of note of above amount payable in four installment for purchase of land.
June 30,2021
Note payable Dr 215,221.64
Cash Cr. 215,221.64
Narration. Payment of first installment on land purchase.
December 31,2021
Note payableDr 215,221.64
Cash.Cr. 215,221.64
Narration. Payment of second installment on land purchase.
2. Balance on note payable as at December 31, 2021 $400,000
Balance on Interest expenses $30,443.28
Explanation:
The land account is debited to recognized it's purchase and a credit is made to the notes payable account to recognise the credit.
The total installment is debited for payment made in the first and second period.
The balance on the note payable represents the two outstanding principal payment of the $800,000 and the interest expenses represents the excess over the principal sum.
The Marine Corps refer to the United States Marines Corps, a branch of the U.S. Army who is responsible for conducting expedition and amphibious operations with multiple branches of the military, which includes the Navy, Army, and the Air Force.
The answer to the question is size and capacity vs. speed and flexibility.
Answer:
The right answer is, False.
Explanation:
Nowadays companies seek to improve the attitudes, knowledge and skills of their employees, through training activities so that everyone works synergistically in achieving the objectives of organizations.
Given that <span>Charles
loves watching downton abbey on his local public tv station, but he
never sends any money to support the station during its fundraising
drives.
Economists would call charles a free rider.
The
government can solve the problem caused by people like Charles by </span><span><span>privatize channels so viewers have to pay to view them.
</span>
The private market
can solve this problem by broadcasting downton abbey on cable tv, since
then the good would be excludable and thus no longer a public good.</span>