At the beginning of the month, the Forming Department of Martin Manufacturing had 14,000 units in inventory, 40% complete as to materials, and 20% complete as to conversion. During the month the department started 64,000 units and transferred 68,000 units to the next manufacturing department. At the end of the month, the department had 10,000 units in inventory, 85% complete as to materials, and 60% complete as to conversion. If Martin Manufacturing uses the weighted-average method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department.

Answers

Answer 1

Answer:

total equivalent units using weighted average method:

materials = 76,500 unitsconversion = 74,000 units

Explanation:

beginning inventory 14,000 units

40% complete to materials = 5,600 equivalent units20% complete to conversion = 2,800 equivalent units

during the month 64,000 were started

68,000 units were transferred out

ending inventory 10,000 units

85% complete to materials = 8,500 equivalent units60% complete to conversion = 6,000 equivalent units

total equivalent units using weighted average method:

materials = units completed and transferred out + ending inventory = 68,000 + 8,500 = 76,500 unitsconversion = units completed and transferred out + ending inventory = 68,000 + 6,000 = 74,000 units


Related Questions

Payroll entries.
Total payroll of Walnut Co. was $1,840,000, of which $320,000 represented amounts paid in excess of $106,800 to certain employees. The amount paid to employees in excess of $7,000 was $1,440,000. Income taxes withheld were $450,000. The state unemployment tax is 1.2%, the federal unemployment tax is .8%, and the F.I.C.A. tax is 7.65% on an employee's salaries and wages to $106,800 and 1.45% in excess of $106,800.
Instructions
(a) Prepare the journal entry for the salaries and wages paid.
(b) Prepare the entry to record the employer payroll taxes.

Answers

Answer:

A. Dr Salaries & Wages exp. $1,840,000

Dr Fed tax withheld & payable $450,000

Cr FICA Taxes withheld & payable $120,920

Cr Cash $2,169,080

B. Dr Employer's Tax expenses $112,920

Cr FICA taxes payable $120,920

Cr SUTA payable $4,800

Cr FUTA payable $3,200

Explanation:

a. Preparation of the journal entry for the salaries and wages paid.

Dr Salaries & Wages exp. $1,840,000

Dr Fed tax withheld & payable $450,000

Cr FICA Taxes withheld & payable $120,920

[($1,840,000-$320,000*7.65%)+($320,000*1.45%)]

Cr Cash $2,169,080

($1,840,000+$450,000-$120,920)

(Being net salaries and wages paid after holding taxes)

b. Preparation of the entry to record the employer payroll taxes.

Dr Employer's Tax expenses $112,920

($120,920-$4,800 -$3,200)

Cr FICA taxes payable $120,920

[($1,840,000-$320,000*7.65%)+($320,000*1.45%)]

Cr SUTA payable $4,800

($1,840,000-$1,440,000*1.2%)

Cr FUTA payable $3,200

($1,840,000-$1,440,000*.8%)

(Being employer's taxes made payable towards salaries & wages)

In recording the acquisition cost of an entire business: goodwill is recorded as the excess of cost over the fair market value of identifiable net assets. assets are recorded at the seller's book values. goodwill, if it exists, is never recorded. goodwill is recorded as the excess of cost over the book value of identifiable net assets.

Answers

"You record acquisition costs on a company's balance sheet under the fixed assets section. The total cost included on the balance sheet includes all costs incurred to use the asset, including costs associated with getting the asset working and producing"

How can questionnaires be distributed to potential respondents?

Answers

Answer:

Questionnaires can be administered by an interviewer or answered by the respondents themselves (self-administered). Self-administered questionnaires can be mailed or given in person to the respondents. ... Interviews conducted by interviewers can be personal (face-to-face) or by telephone

00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]​

Answers

The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.

Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.

Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.

Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.

Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.

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Which is an example of an ethical decision?

Answers

Answer:

customer service representative taking responsibility for failing to follow through with a service action

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
The total gross margin for the month under absorption costing is:
$
$
$
$
143
e
2,820
2,770
50
47
23
14
11
$95,880
$19,390

Answers

The total gross margin for the month under absorption costing is $16,120.

What is the total gross margin?

Total variable cost per unit:

Direct materials cost per unit = $44Direct labor cost per unit = $19Variable manufacturing overhead per unit = $13Variable selling and administrative expenses per unit = $12

Total variable cost per unit:

= Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Variable selling and administrative expenses per unit

= $44 + $19 + $13 + $12

= $88

Total fixed costs:

Fixed manufacturing overhead = $85,260Fixed selling and administrative expenses = $16,440

Total fixed costs:

Fixed manufacturing overhead + Fixed selling and administrative expenses

= $85,260 + $16,440

= $101,700

Total gross margin:

= (Selling price per unit - Total variable cost per unit) * Units sold - Total fixed costs

= ($131 - $88) * 2,740 - $101,700

= $43 * 2,740 - $101,700

= $117,820 - $101,700

= $16,120.

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Download the attached excel file. 4- Working Capital.xlsx 9 Why would an increase in the company's days in A/P produce cash for a business? The company is collecting on its credit sales faster. The company is selling more product at a quicker pace, and therefore experiencing cash inflows. The company is 'stretching its payables' and deferring a cash outflow. This is a non-cash item on the balance sheet, and therefore not applicable. Review Later​

Answers

Accounts payables is actually an accounting term, and this indicates that a company has not immediately spent cash.

Accounts payable is money owed by a commercial enterprise to its providers proven as a legal responsibility on an organization's balance sheet. it is distinct from notes payable liabilities, which might be money owed created via formal felony instrument documents.

A payable is created any time money is owed with the aid of a firm for offerings rendered or merchandise provided that has now not yet been paid for via the firm. this could be from a buy from a seller on credit, or a subscription or installment charge this is due after items or offerings were received.

While money owed payable represents money that your enterprise owes to providers, bills receivable represent debts for your enterprise by using customers. Similarly, accounts receivable are taken into consideration as a cutting-edge asset, whereas debts payable are taken into consideration as a present-day liability.

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Why is pricing such an important function of marketing

Answers

Price is important to marketers because it represents marketers' assessment of the value customers see in the product or service and are willing to pay for a product or service. ... Pricing contributes to how customers perceive a product or a service.

Answer:

Capitalism

Explanation:

We live in a Society
Why is pricing such an important function of marketing

What is the ordinary interest paid on a loan of $1,200 for 120 days at a simple interest rate of 12% annually

Answers

Answer:

$48

Explanation:

Simple Interest = P*R* T / 100 where P = $1,200. R = 12, T=4

Simple interest = $1200 * 12 * 4/12 / 100

Simple interest = $12 * 12 * 4/12

Simple interest = $48

So, the ordinary interest paid on a loan of $1,200 for 120 days at a simple interest rate of 12% annually is $48.

The best way to research an expensive product is to? A. Visit multiple company websites B. Watch many television commercials C. Make a purchase and test it out D. Read consumer information magazines

Answers

Answer:

D

Explanation:

edge 2020

The best way to research an expensive product is to  read consumer information magazines. Thus option (D) is correct.

What is research ?

Research is a defined as the whole process of making hypothesis, collection of data; and analysis and interpretation of that data/information, in accordance with suitable methodologies and drawing the conclusion.

Behavioral research tries to find out how individuals make decisions, interact and influence other individuals, organizations, markets, and society.

The  Behavioral research about individuals like consumers is used in accounting to analyze and study about the outcome or result like profits.

The best way to research an expensive product is to  read consumer information magazines. Therefore, option (D) is correct.

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If your main focus is to be able to buy or sell an investment quickly without substantially affecting the investment's value, you are most concerned with a. Income b. Growth c. Liquidity d. Business failure risk e. Market risk

Answers

Answer:

C. Liquidity

Explanation:

How does small business affect employment in a country?

Answers

Small businesses affect employment in a country in many ways.

Some are:

1. Successful small businesses put money back into their local community through paychecks and taxes, which can support the creation of new small businesses and improve local public services.

2. For example, smaller entrepreneurs are more willing to hire employees with limited or no education, thus providing opportunities to people from all sections of society.

3. Not only do small businesses provide more jobs, but they also bring careers and opportunities.

4. Entrepreneurs also tend to hire locally, which reinforces the social fabric of their surrounding communities.

5. Having more businesses in the local economy can boost tax income for local governments, bringing in more money to repair roads, develop schools and improve public services.

6. They employ a large number of people and are important sources of innovation and entrepreneurship.

7. Create employment in countries, especially those that lack stable economic conditions.

8. Small Scale Industries are Labour Intensive: There is a shortage of capital in small-scale industries. They are labor-intensive. They use more manpower than machines, they create more opportunities for rural employment.

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What is probability and non probability sampling?

Answers

Explanation:

I hope this will help you.

What is probability and non probability sampling?
What is probability and non probability sampling?
What is probability and non probability sampling?

Which situation is an example of indirect taxation?
OA. Stores charge sales tax on each purchase and give that money to
the government.
OB. Homeowners must pay a percentage of their home's worth to the
government.
OC. Businesses must send a portion of their income each year to the
government.
OD. Every citizen sends the government money to support the armed
forces.
SUBMIT

Answers

Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.

Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.

The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.

Sales tax, excise tax, and customs duty are all examples of indirect taxes.

Therefore, Option A is the correct answer.

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On this graph, what does the green arrow represent?

On this graph, what does the green arrow represent?

Answers

Answer:D

Explanation:

The shape of a normal Treasury yield curve can be characterized as: (a) inverted throughout the maturity spectrum; (b) inverted over a portion of the maturity spectrum, such as between 2 and 7 years; (c) monotonically upward sloping; (d) unaffected by the relative supply and demand for Treasury securities.

Answers

Answer:

(c) monotonically upward sloping

Explanation:

The shape of a normal Treasury yield curve can be characterized as monotonically upward sloping curve. This is because a normal treasury yield curve have lower yields for short term, but gradually increases as the maturity period of the bonds increases. Thus, giving the yield curve an upward sloping shape.

Which methods can be used to run a query? Check all that apply.
On the Create tab, in the Queries group, click Run.
In query Design view, on the Design tab, click Run.
Switch to Datasheet view before any other commands.
Close the Show Table dialog box in the Datasheet view.
On the Create tab, in the Queries group, click Create Query.

Answers

Answer:

Option B and C

Explanation:

A query can be run by selecting query option visible through deign view option. After selecting the appropriate option, the query must be run. This shall execute the function for the selected option.  

Like wise in data sheet view, one can see the action query  before running it.  

Hence, option B and C are correct

Answer:

B) In query Design view, on the Design tab, click Run.

C) Switch to Datasheet view before any other commands.

Explanation:

Discuss the functions of government necessary for a country​

Answers

The functions of government are crucial for the proper functioning and development of a country. These functions can vary depending on the type of government system in place, but there are several key functions that are commonly considered necessary for a country's stability and progress.

1. Legislation and Governance: One of the primary functions of government is to create and enforce laws that maintain order, protect individual rights, and promote the welfare of the citizens. Governments establish institutions and frameworks for governance, ensuring the rule of law and providing a system of justice.

2. Defense and Security: Governments are responsible for safeguarding the country and its citizens from external threats. This involves maintaining armed forces, intelligence agencies, and diplomatic relations to protect national security interests.

3. Economic Management: Governments play a crucial role in managing and regulating the economy. They establish fiscal and monetary policies, oversee financial institutions, promote trade, and create an environment that supports economic growth and stability. Government intervention is often necessary to address market failures, promote fair competition, and protect consumers.

4. Social Welfare: Governments have a responsibility to ensure the well-being and social welfare of their citizens. This includes providing basic services such as healthcare, education, social security, and infrastructure development. Governments also implement social policies to address poverty, inequality, and promote equal opportunities.

5. Public Services: Governments are responsible for delivering essential public services, such as transportation, utilities, public safety, and environmental protection. These services are necessary for the functioning of society and improving the quality of life for citizens.

6. Diplomacy and International Relations: Governments engage in diplomatic activities and maintain relationships with other nations. They negotiate treaties, participate in international organizations, and represent the country's interests abroad. Governments also address global challenges, such as climate change and human rights, through international cooperation.

7. Public Communication and Information: Governments have a role in providing transparent and accurate information to the public. They engage in public communication, disseminate information, and promote citizen engagement and participation in the decision-making process.

These functions of government are essential for maintaining social order, promoting economic growth, protecting citizens' rights, and ensuring the overall well-being of a country. Effective governance requires a balance between these functions, adaptability to changing circumstances, and responsiveness to the needs and aspirations of the citizens.

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Define the term product mix and describe at least two strategies that companies may use to manage their product mix.
Describe the stages of the product life cycle.
Describe the purpose and common uses of a SWOT analysis.
Explain the goal of product planning and typical product planning activities. What impact do operation needs, such as size of staff, distribution, etc. have on making decisions about products and services?
Explain the four components of a product’s utility.

FIVE SHORTS ANSWERS PLEASE.

Answers

1) Product mix refers to the set of all products or product lines that a company offers for sale. This includes variations in product size, style, color, and other features. Companies may use various strategies to manage their product mix, including product line extension and product line contraction. Product line extension involves adding new variations or products to an existing product line, while product line contraction involves eliminating products or variations that are no longer profitable or aligned with company goals.

2) The goal of product planning is to ensure that a company's products meet customer needs and are profitable. Typical product planning activities include identifying customer needs and trends, researching and developing new products, determining pricing and promotional strategies, and evaluating product performance. Operation needs, such as the size of staff and distribution capabilities, can impact decisions about which products and services a company offers. For example, a company with limited distribution capabilities may choose to focus on a smaller product mix that can be efficiently distributed to customers. Similarly, a company with a small staff may choose to focus on a narrower product mix that can be effectively managed with limited resources.

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A system of charging issues to production at a price which starts with the price of the earliest consignment on hand is?

Answers

Answer:

This system of charging issues to production is known as First-in, First-out (FIFO) pricing. The first consignment to arrive is charged at the earliest price, and subsequent consignments are charged at prices that reflect the cost of the production process.

Explanation:

One way to gain information is by participating in trade fairs and trade missions.

a. True
b. False

Answers

Answer: true

Explanation: source from https://www.business.qld.gov.au/running-business/marketing-sales/marketing-promotion/show-exhibition/benefits

Trade shows are generally targeted at an industry and people involved or interested in that industry. Exhibiting at a trade show can be a great way to advertise to a target market and create brand awareness.

Exhibitions are open to a large and sometimes diverse range of audiences (usually the general public). This provides you with a platform to promote your product or service to a broader group that may have little or no knowledge of your products and services.

Depending on your type of business, product and market testing can be carried out at trade shows and exhibitions to gain industry or general opinion about your offering.

Being involved in a trade show or exhibition can provide you with opportunities to branch out to business-to-business trading and create a customer database from the visitors to your display booth.

blank be chartered by an appropriate governmental body to exist.

Answers

Answer:

A charter is a legal document that formally establishes a corporate entity. Charters are issued by national or provincial governments.

Explanation:

The incorporator oversees setting up the company, prepares and files the charter, and supervises the creation of other corporate documents.  The business may also propose an amended charter if the number of directors changes, the board members themselves change, or the corporation moves its primary location.

What is the most popular brand in the world?​

Answers

Answer:

I would say Amazon

Explanation:

Answer:

Apple!

Explanation:

Ranks # 1


3 The stagnation stage of the life cycle of a resort is often characterized by the increasing cost of public services and the lowering of the ‘quality of life’ for many residents.
Describe this situation from the viewpoint of (i) older residents living in the community, many of whom are ‘incomers’ from industrial cities in other parts of the country and (ii) a well-educated middle class couple with young children, who are staying
in the resort for their main holiday.

Answers

Old age people are incomers can afford to pay for better resorts to live in with and offer better facilities. Thus they would not any will to live with lower quality services and thus they would not prefer to stay at this stage. Since the Middle class couple with their young children cannot afford to pay for very high expensive services, the couple might not recognize the resort to be in the stagnation stage & keep living there for their holiday. Middle class people have to face a lot in every situation, there incomes are limited so in case of inflation they used to suffer.

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Reese, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December, she received a $31,000 bill from her accountant for consulting services related to her small business. Reese can pay the $31,000 bill anytime before January 30 of next year without penalty. Assume Reese’s marginal tax rate is 30 percent this year and will be 40 percent next year, and that she can earn an after-tax rate of return of 6 percent on her investments.a. What is the after-tax cost if she pays the $31,000 bill in December?b. What is the after-tax cost if she pays the $31,000 bill in January?

Answers

Answer:

a) The after-tax cost if she pays the bill in December is $21,700

b) The after-tax cost if she pays the bill in January is $19,306.80

Explanation:

a)  If she pays the $31,000 bill in December

Present value tax savings = amount × marginal tax rate

= $31,000 × 30%

= $9,300

After-tax cost = Pre-tax cost - present value tax

= $31,000 - $9,300

= $ 21,700

b)  If she pays the $31,000 bill in January

Present value tax savings = amount × marginal tax rate

= $31,000 × 40%

= $12,400

Calculation of discount factor = Present value = \(\frac{FutureValue}{(1+r)^{n} }\)

=  \(\frac{1}{(1+0.06)^{1} }\)

= 0.943

Present value tax savings = amount × discount factor

= $ 12,400 × 0.943

= $11,693.20

After-tax cost = Pre-tax cost - present value tax

= $31,000 - $11,693.20

= $ 19,306.80

Suppose that a portfolio management company manages an investment fund. The fund
manager observes a bond in the market and intends to add it to the fund portfolio. The
bond has a 100.000 TL par value, 10% coupon rate (coupon payments are annual) and a
6-years maturity. The business model is to “hold-to-maturity”. The company purchases
the bond at the beginning of the year when the market yields are 8%. After exactly 3
years of investment, market yields increase to 12%. What would be the profit or loss
amount in the income statement for that third year?
a) 1.427,92 TL loss
b) 1.470,06 TL profit
c) 8.529.94 TL profit
d) 10.000 TL loss

Answers

Answer: The correct answer is (a) 1.427,92 TL loss.

Explanation:

To calculate the profit or loss for the third year, we need to determine the market value of the bond at the end of the second year and compare it to the par value of 100,000 TL.

At the beginning of the investment, the bond has a coupon rate of 10% and a market yield of 8%, so its price is:

PV = (10000/1.08) + (10000/1.08^2) + (110000/1.08^3) = 104,406.40 TL

After 3 years, the market yield has increased to 12%, so the bond's price would have changed to reflect this new yield. To calculate the new price, we can discount the remaining coupon payments and the par value at the current market yield:

PV = (10000/1.12^1) + (10000/1.12^2) + (10000/1.12^3) + (100000/1.12^3) = 88,572.08 TL

The market value of the bond at the end of the second year is 88,572.08 TL, which represents a loss compared to the par value of 100,000 TL:

Loss = 100,000 - 88,572.08 = 11,427.92 TL

Therefore, the correct answer is (a) 1.427,92 TL loss.

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QUESTION THREE.
The following data give the savings bank accounts balances of nine sample
households selected in a survey. The figures are in SSP
745.2,000.1.500.68,000.461,549,3750,1800,4795
(a) Find the mean and the median for these data;
(6) Do these data contain an outlier? If so, exclude this value and recalculate th
mean and median. Which of these summary measures has a greater change wh
outlier is dropped?;
(c) Which of these two summary measures is more appropriate for this series?​

Answers

Answer:

We can first order the data from smallest value to largest value:

461

549

745

1500

1800

2000

3750

4795

68000

a) The mean is 9289, and the median is 1800

b) The data does have an outlier, which is 68000, because it is more that three standards deviations away from the mean, excluding this value, our new mean is 1950 and our new median is 1650. We can see that the greatest change in value was for the mean.

c) the median is more appropriate because the median is less sensitive to outliers. The mean can be easily swayed by outliers in either way, and this can give an erroneous impression of the data.

221 HW4 Ch 21
Question 6 of 10


- / 1


Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 125.)
Cost Reconciliation
Cost accounted for
Transferred out
$


Work in process
Materials
$


Conversion costs


Total cost accounted for
$


eTextbook and Media

Answers

The cost reconciliation schedule:

Cost accounted for Transferred out $54,000Work in process Materials $36,000Conversion costs $25,500Total cost accounted for $115,500eTextbook and Media $0

Transferred out: The transferred out cost is the sum of the materials, labor, and overhead. In this case, it is $36,000 (materials) + $88,500 (labor) + $54,000 (overhead) = $178,500.

Work in process - Materials: The work in process cost for materials is $36,000.

Conversion costs - Work in process: The work in process cost for conversion costs is calculated by multiplying the percentage of completion for conversion costs (50%) by the equivalent units of production for conversion costs (57,000). Therefore, it is 0.5 * 57,000 = $28,500.

Total cost accounted for: The total cost accounted for is the sum of the transferred out cost, work in process cost for materials, and work in process cost for conversion costs. In this case, it is $54,000 + $36,000 + $25,500 = $115,500.

eTextbook and Media: The cost of eTextbook and Media is not specified in the provided information. If there is no cost associated with eTextbook and Media, it would be $0.

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Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,100 on January 15, 2018. On December 31, 2020, she sold all 1,000 shares of her Ibis stock for $4,550. Based on a hot tip from her friend, she bought 1,000 shares of Ibis stock on January 23, 2021, for $3,025. What is Ms. Fresh's recognized loss on her 2020 sale, and what is her basis in her 1,000 shares purchased in 2021?a. $0 LTCL and $4,850 basis.b. $560 LTCL and $4,290 basis.c. $840 LTCL and $4,010 basis.d. $1,120 LTCL and $3,730 basis.e. $1,400 LTCL and $3,450 basis.

Answers

Answer:

LTCL = $0

Basis = $3,575

Explanation:

January 15, 2018, buy 1,000 shares at $5,100

December 31, 2020, sold 1,000 shares at $4,550

If Ms. Fresh hadn't repurchased the stock in January, she could have reported a long term capital loss of $550. But since she repurchased the 1,000 shares just after selling them, it is considered a wash sale.

So no long term capital loss will be recognized and the basis of the 1,000 stocks = $3,025 + $550 = $3,575

What is VAT
Value added tax in business

Answers

Answer:

Value-added-tax is a tax that is assessed incrementally, and is levied on the price of a product.

Value-Added Tax (VAT) is a tax, which is payable on sales of goods or services within the territory of the Member States of the EU. The tax, in all cases, is ultimately payable by the final consumer of the good or service

Other Questions
all foreign companies listing their shares in the united states (are, aren't) required to restate their financial statements to comply with fasb standards. please help me ASAP!!! _____ are replacing electric wires in communications systems such as telephone systems. A mass of 15.50 kg comes into contact with a force of 2655 N, directed North, for 0.05 seconds. Afterthis contact, the object obtains a velocity of 45.00 m/s [N45W]. Determine the initial velocity of theobject. Please calculate only the direction for this question. Which of the following resulted from the recent renegotiation of NAFTA?(1 point)The economic gap decreased between member nations.A uniform currency was established for all member nations.Government contracts were offered to all members.Agricultural trade was improved across all member nations. which of the following best describes respiration During this unit you will be working on a final project in order to bring together everything that you've learned. You should be thinking about this unit project as you participate in each lesson, then submit the project at the end of the unit. In this project, imagine you are the new accountant for The Matrix Computer Service and you need to use the attached accounting stationery to complete the accounting procedures.GoalSet up accounting records and complete the accounting cycle for The Matrix Computer Service.RoleAs the new accountant forThe Matrix Computer Service, you need to use the attached accounting stationery to complete the accounting procedures.AudienceYour work will be reviewed by any government involved in the accounting procedures of The Matrix Computer Service. The more accurate the information and the records of the business are, the better the management can make more informed decisions concerning the businessSituationThe Matrix Computer Service is owned by Charles Stoudamyer. It has been in business for three months. The business is structured as a sole proprietorship and provides computer services to individuals or small businesses. The business earns revenue from three different areas; 1-hardware repair, 2-software repair, and 3-computer basic training. You are taking over the accounting work as of February 28 (not leap year).PurposeYour purpose and responsibilities as the accounting clerk are as follows:Open a general ledger account for each account in the chart of accounts.Analyze each business transaction.Enter each business transaction in the general journal starting on pagePost each journal entry to the appropriate general ledger accounts.Prepare a trial balance (in the worksheet) and complete a 6-column worksheet.Prepare the following financial documents: --Income Statement --Statement of Change in Owner's Equity --Balance SheetJournalize and post the closing entries Use the general journal you used for all the daily transactions and the bank service charge. Include it at the bottom.Prepare a post-closing trial balance.Use these attached documents, the charts of accounts and transaction schedule following:[Files attached][Picture here]Standards and Criteria for SuccessYour performance needs to pull together all the concepts and procedures you have learned in this unit.1 Accuracy of the general journal2 Accuracy of the general ledger3 Proper reconciliation of the bank statement4 Completion of the 6-column worksheet5 Accuracy of the financial documents The shoe size for all the pairs of shoes in a person closet are recorded. what is the mean Find the length of the third side. If necessary, write in the simplest radical form. Many polyatomic ions are oxoanions, containing a nonmetal bonded to one or more oxygen atoms. If there are two such ions in a family, the ion with _____ oxygen atoms is named with the suffix -ite while the ion with _____ oxygen atoms is given the suffix -ate. which of the following is true regarding authors who seek to publish the same content in multiple papers? Using the same content in multiple papers is deceptive if it is not properly disclosed to journal editors or other relevant entities. 2 candy company claims that its jelly bean mix contains 15% blue jelly beans. Suppose that the candies are packaged at random in small bags containing about 200 jelly beans. What is the probability that a bag will contain more than 20% blue jelly beans? What is 43609 in expanded form x -5 = 2x -8 solve this equation A sculpture that can stand on its own without a base ais always additive bis always subtractive cis freestanding dis held with string Which word is used to define a function in JavaScript?A. funcB. functionC. scriptD. define Beverly Hills Autos (BHA) LLC is a retail car dealership organized as a limited liability company and engaged in the business of selling various brands of luxury automobiles and SUVs in several dealership locations. The LLC was structured as a manager- managed LLC with two managing members and six other members who were primarily investors. The parties had an operating agreement that provided the structure and authority of managing members, included a provision eliminating liability for a breach of the duty of care, and stated that the members agreed to abide by the default LLC statute in their state based on the Uniform Limited Liability Company Act (ULLCA) for terms not in the agreement. One of the nonmanaging members, Luciano, began a conversation with the owner of another car dealership and eventually negotiated a merger agreement. However, the managing members were out of town, and Luciano signed the agreement on behalf of the partnership without the managers' knowledge. When the managing members learned of the merger, they immediately attempted to cancel the contract on behalf of BHA. Will a court support BHA's attempt to cancel the contract? What will be BHA's likely theory of the case? Assume that the managing members agreed with the transaction and signed on in agreement. Given BHA's choice of business entity, what are the options for financing this transaction? Would an LLP be a better form than an LLC for BHA? Why or why not? Assume that Luciano didn't bring the opportunity to the LLC members but rather purchased the competing dealership with another partner outside the LLC. Subsequently, Luciano otters to sell the dealership to BHA at a premium over what he paid for it. Has Luciano breached his fiduciary duty? If so, which one? If Luciano decides to exercise his dissociation rights, what is the impact on the remaining members of the LLC? Is dissolution of the LLC triggered by Luciano's dissociation? If current reserves are 115 billion barrels and current consumption, which grows at an annual rate of 2%, is 5 million barrels a day, the exponential reserve index (ERI) is thenA. 63.3 yearsB. 68.3 years.C. 45.3 years i dont understand how to do absolute values someone please help, and fast Government Auditing Standards characterizes government engagements into which of the following three categories?(a) Financial audits, compliance audits, and performance audits(b) Financial audits, operational audits, and performance audits(c) Financial audits, attest engagements, and performance audits(d) Financial audits, efficiency, and effectiveness audits, and compliance audits.