The income statement for the year ended April 30, 20Y5 is $271,010.
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Income statement:</h3>
Wilderness Travel Service income statement for the year ended April 30, 20Y5
Revenue:
Fees earned $712,700
Expenses:
Miscellaneous expense $5,540
Utilities expense $55,380
Supplies expense $14,770
Rent expense $92,300
Taxes expense $10,000
Wages expense $263,700
Total expenses $441,690
Net income $271,010
($712,700-$441,690)
Inconclusion the income statement for the year ended April 30, 20Y5 is $271,010.
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Answer:
$46.82
Explanation:
Present value is the sum of discounted cash flows
present value can be calculated using a financial calculator
Cash flow in year 1 = $3.06
Cash flow in year 2 = $3.42
Cash flow in year 3 = $3.78 + $56 = $59.78
I = 13%
Present value = $46.82
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
They would help the product that they are selling sell better and would provide examples that would help the product sell better. The better the product sells the better the sales person gets paid. they would likely need not much help sense a sales person is mostly just for the company to sell their product or service well.
Explanation:
I hope this helped
Answer:
The correct answer is D
Explanation:
Under the periodic inventory system, the companies evaluate the COGS (Cost of goods sold) at the end of the accounting year or the fiscal period. And the details of the goods on hand which are not available, in this system.
And under the perpetual inventory system, this offer better control over the inventories rather than the periodic inventory system. And this system requires the COGS (Cost of goods sold) to be acknowledged at the time of sale and it contain the more accurate value of goods on hand.
Therefore, the statement which is correct is that the perpetual inventory system, offer better control over inventories.
Hi there
First find Predetermined oH rate
Predetermined oH rate is
total estimated overhead divided by
estimated direct labor
Predetermined oH rate=
450,000÷180,000
=2.5
the amount of overhead to be allocated to finished goods inventory if there is $20,000 of total direct labor cost in the jobs in the finished goods inventory is
2.5×20,000
=50,000. ...answer
Good luck!