Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - McBride and Associates employs two professional appraisers, each having a different specialty. Debbie specializes in commercial appraisals and Tara specializes in residential appraisals. The company expects to incur total overhead costs of $426,450 during the year and applies overhead based on annual salary costs. The salaries and billable hours of the two appraisers are estimated to be as follows:
Debbie
Tara
Annual Salary
$190,000
$94,300
Billable Hours
2,500
2,050
The accountant for McBride and Associates is computing the hourly rate that should be used to charge clients for Debbie and Tara's services. The hourly billing rate should be set to cover the total cost of services (salary plus overhead) plus a 30 percent markup.
Required:
1. Compute the predetermined overhead rate.
2. Compute the hourly billing rate for Debbie and Tara.
Describe at least two tax benefits that are available to corporations that arenotavailable to individuals. Discuss the reasons why these differences exist.
fionnula co. uses a periodic inventory system. its records show the following for the month of may in which 65 units
(Sale of Notes Receivable) Corrs Wholesalers Co. sells industrial equipment for a standard 3-year note receivable. Revenue is recognized at time of sale. Each note is secured by a lien on the equipment and has a face amount equal to the equipment'..
Capital stock is sold at an amount greater than stated value.
The actual market value of the lathe at that time also will be $100,000. The discount rate is 8%, and the corporate tax rate is 35%. What is the NPV of buying the new lathe?
What is the dollar amount of each type of service that must be provided by each service outlet to meet its target net income per outlet? (Round answers to 0 decimal places, e.g. 125.) Oil changes $ Break repairs $
The price of Perry's stock increased from $5 per share at the beginning of the year, How much should the XYZ Company report on the balance sheet
What is the Accounting Equation. What is an account's normal balance. What is a Journal Entry. Why is it important to the accounting process
at the end of the prior year tasha inc. had a deferred tax asset of 21000000 attributable to its only timing
a) Make a suitable display of the sales from the data provided. b) Summarize the central value for sales for this week with a median and mean. Why do they differ?
Hanson Company uses a periodic inventory system. For 2012, its beginning inventory was $74,000; purchases of inventory were $328,000; and inventory at the end of the period was $89,000. What was the amount of Hanson's cost of goods sold for 2012?
To establish the company, the two owners contributed a total of $50,000 in exchange for common stock. Prepare a balance sheet as of the end of the first year
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd