PR 15-4A Manufacturing income statement, statement of cost of goods manufactured Obj 4 Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies for the month of May: Rainier Yakima Company $ 100,000 Company $ 48,200 Materials inventory, May 1 Materials inventory, May 31 Materials purchased Cost of direct materials used in production (A) 50,000 TE 950,000 710,000 938,500 (A) Direct labor 2,860,000 (B) Factory overhead Total manufacturing costs incurred in May 1,800,000 446,000 (B) 2,484,200

Q: Can subparts 4 and 5 be answered on this problem

A: Net present value is used to calculate the current total value of future payments. It is the…

Q: How do i do EX 12-3 & EX 12-4

A: Common stock:   These are the ordinary shares that a corporation issues to the investors in order to…

Q: In general what are the 5 POS Features?

A: A point of sale (POS) system is a combination of hardware and software that allows businesses to…

Q: Which of the following orders allows for partial execution?

A: FOK (Fill or Kill Order): This type of order allows being executed immediately at the specified…

Q: How is ARR calculated?

A: ARR: Accounting Rate of Return (ARR) is the rate of return earned on the investment made in a…

Q: Can I get help with requirement 4-7 as well?

A: Calculation of Return on Equity (ROE) for the previous year and current year. Return on Equity (ROE)…

Q: Using the above information, calculate efn

A: Here, Sales is $48,800 Assets is $53,650 Spontaneous Liability (Accounts Payable) is $2,400 % Change…

Q: Can you please explain the formula for row 9,10,11?

A: Using CAPM  formula:Rf+Beta * Risk premium for the market index return

Q: Can you explain the formula you used in C3?

A: Lets understand the basics.When bond is issued for more than its face value then bond is known to be…

Q: When are data in 3NF?

A:

Q: What does CAPM allow you to calculate?

A: CAPM model is basically the capital asset pricing model which helps us in determining the expected…

Q: Can solve question 4 to 7?

A: Salary of the Darnell Johnson = 63500Contribution by his employer toward the retirement plan = 6% of…

Q: A figured out

A: Pre determined Overhead rate Calculation  Overhead cost  $      28,80,000 Divided By  Direct…

Q: How do I do PR 20-3a

A: Sales revenue: It is the revenue earned by a business on selling the goods or providing services to…

Q: what assumptions did you make for 2a and explain

A: The dividend discount model (DDM), a mathematical technique for predicting the price of a company's…

Q: Can you please show how to solve question 4, 5, 6a, 6b.

A: Capital budgeting is a financial management process used by organizations to evaluate and make…

Q: Describe the PW method?

A: There are different types of methods for comparing the worthiness of the projects. Some of the tem…

Q: where is step 5?

A: Where the Depreciation expenses are halved, it would have the following impacts:   •Net income: it…

Q: How do I add an excersise to my qbw?

A: Exercise can add to QBW by open up the exercise that we wish to add to our workout by going to…

Q: What happened to questions 4 and 5?

A: 4.Margin of safety in revenue = Actual sales – Break-even sales= (35,000*5.90) – 88,382= 206,500 –…

Q: What are the 5 ways the PBO can change?

A: Projected Benefit Obligation:   It is a pension concept in accounting as it is the present value of…

Q: So the answer is  1394 or2450?

A: The deductible business expenses are the expenses which are incurred for business. If the expenses…

Q: what formula did you use to calculate PVIFA?

A: The acronym PVIFA stands for the present value interest factor. The present value interest factor is…

Q: Can you help with the second part?

A: Cost of goods sold is the cost of the value of the inventory which has been sold during the period…

Q: What is GAAP and how does it work

A: The accounting is based on various principles that are defined by GAAP or IFRS.

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.