Answer:
fringe benefit expense 4,300
Wages expense 72,000
Payroll tax expense 8, 100
Cash 84,400
Work In Process 70,896
Factory Overhead 13,504
Fringe benefit expense 4,300
Wages expense 72,000
Payroll tax expense 8, 100
Explanation:
The first entry will be the payment to the employees wages, benefit and payroll taxes.
Then, in the second entry we will capitalize this expenses into the WIP for the amount of direct labor.
And, into actual overhead for the amount of indirect labor.
Answer: d. 30%
Explanation:
Global brands are companies that have achieved international success such that they are recognised in many other countries apart from their own and have many customers in other countries as well.
However, simply being known abroad does not classify a company as a global brand. The company must be generating sufficient revenue from their operations outside as a proportion of their total revenue their home country with sufficient meaning at least 30% of their revenue.
Answer:
$1,443.75
Explanation:
The total cost for paving Sam's portion of the road = $35 per linear foot x 110 front feet = $3,850
If the city is going to pay 25% of the total cost, then it will pay $962.50, that would leave a total of $2,887.50 to be paid between Sam and his front neighbor. So Sam's share = $2,887.50 / 2 = $1,443.75
The applicable formula is as follows:
PV = PMT [1-(1+IRR)^-n]/[IRR]
Where;
PV = Present value = -$200,000 (set as negative as it is a negative cash flow).
PMT = Annual depreciation values = $44,503
IRR = Internal rate of return
n = Period in years = 10 years
Using excel formulas (shown in the attached image);
IRR = 18%
Answer:
b. The monopolist is currently maximizing profits, and its total profits are $250
Explanation:
The computation of monopolist is shown below:-
The monopolist is producing 50 units ate which are
MR = $4
Price = $8
MC = $4
ATC = $3
This applies that
MR = MC
while
P > ATC
So the monopolist is making a profit by making profit-maximizing quantity.
Total profits are (P - ATC) × Q
= (8 - 3) × 50
= $250
Hence, b option is correct
