Business, 22.10.2019 22:00, 12345678954
Category prior year current year accounts payable accounts receivable 320,715 397,400 accruals 40,500 33,750 additional paid in capital 500,000 541,650 cash 17,500 47,500 common stock 94,000 105,000 cogs 328,500 430,273.00 current portion long-term debt 33,750 35,000 depreciation expense 54,000 54,201.00 interest expense 40,500 42,805.00 inventories 279,000 288,000 long-term debt 339,570.00 398,024.00 net fixed assets 946,535 999,000 notes payable 148,500 162,000 operating expenses (excl. depr.) 126,000 162,475.00 retained earnings 306,000 342,000 sales 639,000 847,787.00 taxes 24,750 48,472.00 what is the entry for the current year's taxes on a common-sized income statement?
Answers: 1
Business, 22.06.2019 23:50, kaylinreed7
Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours. required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)
Answers: 2
Business, 23.06.2019 02:10, cantuj723
You are the owner of a local honda dealership. unlike other dealerships in the area, you take pride in your “no haggle” sales policy. last year, your dealership earned record profits of $1.5 million. however, according to the local chamber of commerce, your earnings were 10 percent less than either of your competitors. in your market, the price elasticity of demand for midsized honda automobiles is 4.5. in each of the last five years, your dealership has sold more midsized automobiles than any other honda dealership in the nation. this entitled your dealership to an additional 30 percent off the manufacturer’s suggested retail price (msrp) in each year. taking this into account, your marginal cost of a midsized automobile is $11,000. what price should you charge for a midsized automobile if you expect to maintain your record sales?
Answers: 1
Category prior year current year accounts payable accounts receivable 320,715 397,400 accruals 40,...
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