Explanation:
We can use round function to enable the program to output number with two digits of precision.
The round function will take two inputs, which is the value intended to be rounded and the number of digits of precision. If we set 2 as second input, the round function will round the incomeTax to two decimal places. The round function has to be enclosed within the str function so that the rounded value will be converted to a string and joined with the another string to display the complete a sentence of income tax info.
The answer is stated below:
Explanation:
The items which will appear in which account is stated below:
Balance Sheet - It is the one which records the assets and the liabilities of the company.
Income Statement - It is the one which records the income as well expenses incurred by business.
Cost of goods manufactured schedule - It is that schedule which states the items related to the manufacture of the goods.
1. Direct labor - It is the item of the Cost of goods manufactured schedule.
2. Raw materials inventory - It is the item of the Cost of goods manufactured schedule.
3. Work in process inventory - It is the item of the Cost of goods manufactured (COGM) schedule.
4. Finished goods inventory - It is the item of the Cost of goods manufactured (COGM) schedule.
5. Indirect labor - It is the item of the Cost of goods manufactured schedule.
6. Depreciation on factory machinery - It is the item of the Balance Sheet.
7. Work in process - It is the item of the Cost of goods manufactured (COGM) schedule.
8. Finished goods inventory - It is the item of the Cost of goods manufactured (COGM) schedule.
9. Factory maintenance salaries - It is the item of the Income Statement.
10. Cost of goods manufactured - It is the item of the Cost of goods manufactured (COGM) schedule.
11. Depreciation on delivery equipment - It is the item of the Balance Sheet.
12. Cost of goods available for sale - It is the item of the Cost of goods manufactured (COGM) schedule.
13. Direct materials used - It is the item of the Cost of goods manufactured (COGM) schedule.
14. Heat and electricity for factory - It is the item of the Income statement.
15. Repairs to roof of factory building - It is the item of the Income statement.
16. Cost of raw materials purchases - It is the item of the Cost of goods manufactured (COGM) schedule.
Correct
c. Low-income developing countries are catching up to high-income industrial countries.
Explanation:
The evidence which shows that low income developing countries are catching up to high-income industrial countries could be found in the series of developmental strides made by some countries like Rwanda, Kenya, Tanzania, Indonesia, Vietnam etc over the years. Most of their achievements is at par with most European countries in different sectors such as educational, and social sectors.
The answer is provided below
Explanation:
The explanation has been attached.
It should be noted that:
Income tax expense = $448,000 × 29%
= $448,000 × 29/100
= $448,000 × 0.29
= $129,920
Other comprehensive income will be the unrealized holding gain on the security which will be:
= $89,000 × (100% - 29%)
= $89,000 × 71%
= $89,000 × 0.71
= $63,190
Further explanation has been attached.