I really need some help with my accounting homework because I am stumped. Please help.?
In December 2012, Yerbury Company’s manager estimated next year’s total direct labor cost assuming 50 persons working an average of 2,000 hours each at an average wage rate of $25 per hour. The manager also estimated the following manufacturing overhead costs for year 2013. Indirect labor $ 319,200 Factory supervision 240,000 Rent on factory building 140,000 Factory utilities 88,000 Factory insurance expired 68,000 Depreciation—Factory equipment 480,000 Repairs expense—Factory equipment 60,000 Factory supplies used 68,800 Miscellaneous production costs 36,000 Total estimated overhead costs $ 1,500,000 At the end of 2013, records show the company incurred $1,520ead costs. It completed and sold five jobs with the following direct labor costs: Job 201, $604,000; Job 202, $563,000; Job 203, $298,000; Job 204, $716,000; and Job 205, $314,000. In addition, Job 206 is in process at the end of 2013 and had been charged $17,000 for direct labor. No jobs were in process at the end of 2012. The company’s predetermined overhead rate is based on direct labor cost. Required 1.a Determine the predetermined overhead rate for year 2013. ,000 of actual overh
Can I invest in real estate with $3,000? If so, how?
I think the other answers provide some insights. I would add that the $3k you have is indeed better kept in your pockets for eventual repairs or emergency.The idea here, as others have mentioned, is to be creative. You need to find a partner that will provide the cash down. Mind you, private loaners are often creative as well when it comes to guarantees and interests…So in itself, no, the $3k isn’t enough to invest in real estate.What you want is open the door and start building equity. That first building you buy may take forever to become profitable, because it will be 100% financed, probably at higher interest rates.On the other hand, you will be able to use it as a leverage to buy more properties in the near future. And this is what you really want.Keep the $3k as a buffer and emergency fund. Add to it as much as you can. Collect rents and, if you’re making any profit, put it towards paying the mortgage/loan. After two or three years, you should have enough equity to refinance it and use it to buy another property.If you manage to pull that off, your initial investment is close to zero and you’re now a real estate investor. You’ll have to work hard, but it’s very realistic and relatively common.Thanks for the A2A!
Does buying real estate in the US give us the right of permanent residency?
Introduction to the USA EB-5 Visa ProgramEstablished by the U.S. government in 1990, the EB-5 visa stands for Employment Based Visa, Preference 5 and is found in Section 203 (b) (5) of the Immigration & Nationality Act (INA). EB-5 allows immigrants seeking to enter the U.S. to engage in a commercial enterprise that will benefit the U.S. economy by substantial investment and creation of jobs for U.S. workers.Applicants can choose to create a new enterprise or invest in a pre-approved Regional Center. Issued with a Green Card it provides Permanent Residency for the applicant, his or her spouse and any dependents under the age of 21.Who can apply for the EB-5 Program?This program is tailored to high net worth clients, who are comfortable with the program's active investment plan and the level or risk it entails.Successful applicants and their families can obtain a U.S. Green Card and then Citizenship.What are the investment options for EB-5?There are 2 investment options within the EB-5 program:1. Creation of a new US enterpriseTo be eligible an applicant must meet the following criteria:Make an investment of US$ 1,000,000 in a new commercial enterprise, or US$ 500,000, if in a “targeted commercial area”, which includes rural areas or areas with unemployment of at least 150% of the national average.Create full time employment for at least 10 qualified U.S. workers, who must be direct employees of the commercial enterprise.Actively manage the enterprise, through day to day management or policy formulation.2. Invest in a Regional CenterRegional centers are investment opportunities that have been pre-approved by the USCIS. To be eligible an applicant must meet the following criteria:Make an investment of US$ 500,000.The enterprise must create full time employment for at least 10 qualified U.S. workers, where indirect employment is permitted.Active management of the enterprise is not required.
Help with an Accounting question? please?
Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its unit costs are as follows: Amount Per Unit Direct materials $ 6.00 Direct labor $ 3.50 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 3.00 Fixed administrative expense $ 2.00 Sales commissions $ 1.00 Variable administrative expense $ 0.50 If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? If 8,000 units are produced, What is this total amount expressed on a per unit basis? (Round your answer to 2 decimal places.)
If a med. marijuana patient is offered a job can the company withdraw their offer if the drug test is failed?
weed is illegal in all 50 states, as there is no reliable test that can say if you smoked 10 minutes ago or 10 hours ago the employer is free to deny you employment based on is own criteria, so to answer your question yes they can withdraw the offer legally.
Billionaires: What would happen if the world's richest men donated $1 million to every inhabitant on earth?
People would burn the money, or make bookshelves out of it."Inflation" is an abstraction; let's step through this. A million dollars a piece is distributed to each of 7 billion people. There's a store down the street with some chickens in stock.Now everybody can afford a chicken! The shop-keeper can do the Right Thing and keep the prices where they were. Poof - he sells all his chickens in one day. (Who doesn't want a chicken? Besides - there's a rumor that things might sell out, because everyone can afford stuff now.)So the shops that hold prices steady quickly run out of stock. They call their chicken distributor but are told, "sorry, we've been getting calls all morning. Can we back to you?"Damn. No more chickens.The Evil Chicken Shop across town says, "now wait a minute. Since everybody's out of chickens - I'm going to sell mine for ... a half million dollars each! Don't like it, f- you. Good luck finding a chicken."At first you balk. No way am i spending a half million for a chicken. But your family is getting hungry. Maybe it's not such a bad idea, until this chicken thing blows over.And there's another problem with the chickens. The truck drivers who were supposed to deliver what few chickens remain didn't show up for work. They are drunk in Aruba celebrating their new-found wealth. Who wants to drive chickens around if they don't have to?Damn. This so did not work out. You're rich but a chicken cost a half million bucks.Oh? The half million-dollar chicken place just ran out because people got hungry. Now chickens are 750,000.Better gas up quick before you go buy one. There's a huge line and gas is $250,000 a gallon. They tried to hold prices down but ..,
Do I forfeit any pay for the weekend if I quit my job on a Friday and start a new job on Monday? If I earn $10,000 a month will I forfeit $666 for Saturday/Sunday?
Not unless you worked on Saturday and Sunday and that was included in your terms of employment. The FLSA is pretty straightforward but you should check your state's wage regulations.