Business, 30.10.2019 05:31, mikayleighb2019
Blue corporation, a manufacturing company, decided to develop a new line of merchandise. the project began in 2018. blue had the following expenses in connection with the project: 2018 2019 salaries $500,000 $600,000 materials 90,000 70,000 insurance 8,000 11,000 utilities 6,000 8,000 cost of inspection of materials for quality control 7,000 6,000 promotion expenses 11,000 18,000 advertising β0β 20,000 equipment depreciation 15,000 14,000 cost of market survey 8,000 β0β the new product will be introduced for sale beginning in july 2020. determine the amount of the deduction for research and experimental expenditures for 2018, 2019, and 2020 if: blue corporation elects to expense the research and experimental expenditures. blue corporation elects to amortize the research and experimental expenditures over 60 months.
Answers: 3
Business, 21.06.2019 21:00, kelseyduhhh
Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life
Answers: 1
Business, 22.06.2019 04:00, elijahcraft3
Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixedβit does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.
Answers: 2
Business, 22.06.2019 17:40, bsheepicornozj0gc
Within the relevant range, if there is a change in the level of the cost driver, then a. total fixed costs will remain the same and total variable costs will change b. total fixed costs will change and total variable costs will remain the same c. total fixed costs and total variable costs will change d. total fixed costs and total variable costs will remain the same
Answers: 3
Blue corporation, a manufacturing company, decided to develop a new line of merchandise. the project...
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