The correct answer is False. The weighted-average technique does not add prior period costs to current period costs when determining cost per equivalent unit.
The weighted-average technique does not add prior period costs to current period costs when determining cost per equivalent unit. When calculating unit costs, the weighted-average method of process costing averages costs from the previous and current periods.
When applying the weighted average approach, you compute the weighted-average cost per unit by dividing the cost of the goods that are on the market by the quantity of units that are for sale. The cost of products available for sale in this calculation is equal to the sum of beginning inventory and net purchases.
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afecreen inc. has an average of 85 working days in a quarter. the company conducts quality checks to assess the performance of its employees. the employees who perform well may receive a bonus after 70 days or 100 days, but the average interval between the completion of tasks and the receiving of bonus is 85 days. in the context of reinforcement theory of motivation, which of the following intermittent reinforcement schedules does this scenario best illustrate?
This scenario best illustrates an interval ratio schedule of reinforcement.
This type of reinforcement schedule provides a reward after a certain number of responses (in this case, the completion of tasks) have been made. The average interval between the completion of tasks and the receiving of bonus (85 days) is set as the interval ratio, and the reward is given after 70 or 100 responses. This type of reinforcement helps to maintain motivation and encourages employees to continue to perform well.
A psychological theory called reinforcement theory contends that actions have consequences and that reinforcement, punishment, and extinction are effective ways to alter behaviour.
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josh drove to a restaurant and handed his car keys to the valet at the entrance. after dinner, josh learned that the valet accidentally left the car unlocked and the car was stolen. in the context of bailment relationships, the restaurant is most likely
Unless it can demonstrate that the valet operated with reasonable care, the restaurant is likely to be responsible as a bailee, according to the statement.
Why does a restaurant succeed?Some of the essential aspects of successful restaurants include a strong sense of brand identity, hiring and motivating staff, creating a positive work environment, becoming intimately acquainted with loss and profit statements, developing a menu that is profitable, and acquiring knowledge how to market your strongest dishes.
Why are restaurants crucial?It fosters a sense of community and togetherness. Every town has a few eateries that everyone is familiar with. They are familiar with the location as well as the owners and employees. In some senses, the restaurant is made by the sense of belonging it fosters.
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imagine that you manage a small appliance store where salespeople are paid an hourly wage with no bonus or additional compensation. recently, a big-box store has been luring away your best people by offering them not only a higher hourly wage, but also pay for performance (based on their sales). list and explain at least three non monetary ways to improve your employee retention.
For this situation, using a quantitative analysis tool would be the best compensation course of action. By upholding higher operational standards and increasing its adaptability in the specific operating environment.
The implementation of quantitative forecasting approach would give the organizational structure with an acceptable level of support.
The best strategy to increase the adaptability of the main appliances store would be to look at the records as well as past sales records and forecast the necessity accordingly.
Looking at the organization's record-keeping procedures, such as its electronic record-keeping procedures, would also be a good way to increase the likelihood that a particular implementation guide will produce better results. The availability of information from the previous year can be used to predict the type of upcoming sales.
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The Case:During the course of a study, the researcher reports to the IRB that the consent form needs to be changed to reflect her new contact information.
The Question: Who can approve this change?
The researcher notifies the IRB during course of the research that the Chair of IRB should update the consent form to reflect her updated contact information.
An IRB is what?An Institutional Examine Board is a body that has been explicitly authorized to review and oversee science research involving human beings in accordance with FDA standards. An IRB has the power to approve, demand changes be made (to achieve approval), or reject research in compliance with FDA standards.
What does IRB in education mean?The American Psychological Association's Committee on Associates and Baccalaureate Teaching (CABE) acknowledges the necessity for Institutional Watchdog Groups (IRBs) to examine proposed research at all research universities if (a) research involving human participants.
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ty has the monopoly over plush kitty with big eyes. the following equations describe the demand, the marginal cost, and the total cost, where q is output in thousands and p is price per unit.
The equation the defines the demand, the marginal cost, and the total cost is written as ΔC/ΔQ
The term demand concerns the quantity of a particular product or service that consumers are willing to purchase at various prices.
Here we have given that the monopoly over plush kitty with big eyes.
And we need to find the equation for demand, the marginal cost, and the total cost.
In order to find the equation for the given condition, we must know the definition of marginal cost,
The term marginal cost in economics refers the change in total production cost that comes from making or producing one additional unit.
Therefore, based on the definition of marginal cost, we have identified that the equation for the total cost is written as,
=> Marginal cost = (Change in cost) / (Change in quantity)
=> Marginal cost = ΔC/ΔQ
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To support National Heart Week, the Heart Association plans to install a free blood pressure testing booth in El Con Mall for the week. Previous experience indicates that, on average, 6.0 persons per hour request a test. Assume arrivals are Poisson distributed from an infinite population. Blood pressure measurements can be made at a constant time of six minutes each. Assume the queue length can be infinite with the FCFS discipline.
a. What average number in line can be expected? (Round your answer to 3 decimal places.)
b. What average number of persons can be expected to be in the system? (Do not round your intermediate calculations. Round your answer to 3 decimal places.)
c. What is the average amount of time that a person can expect to spend in line? (Do not round your intermediate calculations. Round your answer to 4 decimal places.)
d. On average, how much time will it take to measure a person’s blood pressure, including their
(A) Average number in line can be expected (Lq) = 13.067
(B) No. of person expected in system = 14
(C) Average amount of time expected = 1 hour
(D) time taken to measure a person’s blood pressure = 0.33333
Average number of persons can be expected to be in the system(Wq) = 0.9333 hours
Average amount of time that a person can expect to spend in line (Ws) = 1 hour
We know the following information:
Arrival rate (lambda)=14
Service Time = 4 minutes
service rate (mu) = 60/4 =15 people per hour
a. Average Number in Line
average number in line
Lq = λ² / μ(μ−λ)
lq = 14² / 15(15-14)
Lq = 13.067
14 people in line system
Wq = Lq / λ
Wq= 13.0667 / 14
Wq = 0.9333 hours
0.93333 in 1 hour in line
Ws = Ls / λ
Ws = 14 / 14 |
Ws = 1 hour
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On December 31, 20X5, Pluto Company acquired 100 percent of Saturn Corporation's common stock for $300,000. Balance sheet information for Saturn just prior to the acquisition is given here: Cash and Receivables Inventory Land Buildings and Equipment (net) Total Assets Accounts Payable Bonds Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ 35,000 75,000 100,000 220,000 S 430,000 $65,000 150,000 100,000 115,000 $ 430,000 At the date of the business combination, Saturn's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, land which had a fair value of $125,000, and buildings and equipment (net), which had a fair value of $250,000.
Based on the information provided, the amount of inventory which will be included in the consolidated balance sheet immediately following the acquisition is $60,000.
A balance sheet is a summary of the financial position of a person or organization in financial accounting, whether it is a sole proprietorship, business partnership, corporation, limited liability company, etc. partnership or another type of organization such as a government or nonprofit organization.
From a specific date, such as the end of a financial year, assets, liabilities and equity are mentioned. The balance sheet is often thought of as a "picture of a company's financial health". The balance sheet is one of the four basic financial statements that apply only to a certain period of time in a company's financial year.
Hence the correct option is A
The above question is incomplete, the complete question is-
On December 31, 20X9, Pluto Company acquired 100 percent of Saturn Corporation's common stock for $300,000. Balance sheet information for Saturn just prior to the acquisition is given here:
Cash & Receivables $35,000
Inventory 75,000
Land 100,000
Buildings & Equip (net) 220,000
Total Assets $430,000
Accounts Payable $65,000
Bonds Payable 150,000
Common Stock 100,000
Retained Earnings 115,000
Total Liabilities & SE $430,000
At the date of the business combination, Saturn's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, land which had a fair value of $125,000, and buildings and equipment (net), which had a fair value of $250,000.
Based on the information provided, what amount of inventory will be included in the consolidated balance sheet immediately following the acquisition?
A) $60,000
B) $75,000
C) $15,000
D) $45,000
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Mabel, Loretta, and Margaret are equal partners in a local restaurant. The restaurant reports the following items for the current year:Revenue $600,000Business expenses 310,000Investment expenses 150,000Short-term capital gains 157,000Short-term capital losses (213,000)Each partner receives a Schedule K-1 with one-third of the preceding items reported to her. How must each individual report these results on her Form 1040?
Each individual should report these results on her Form 1040 with $96,666.67 income on Schedule E; $50,000 investment expense on Schedule A
What is the Form 1040?In U.S., the form 1040 are used by U.S. taxpayers to file an annual income tax return. According to IRS, the investment expense that is incurred would be eligible for the deduction and this would be added to the miscellaneous itemized deduction in Form 1040 Schedule A.
While assuming that the investment expense would be incurred for the investment earning, so, it would be reported to Schedule A for $50,000 (150,000/3) after considering the one-third.
And, the business income is reflected on Schedule A for $96,666.67 that is computed below:
= (Business revenue - business expense) / given ratio
= ($600,000 - $310,000) / 3
= $290,000 / 3
= $96,666.67
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1. If you want to have $60,000 in 8 years, how
much do you need to deposit in the bank today if
the account pays an interest rate of 9%?
Answer: If you want to have $60,000 in 8 years at an interest rate of 9% you need to deposit $30,111.98
Explanation: You can solve this using the Future Value formula.
The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.
Formula for FV is:
Future value = Present value x ( 1 + rate)^ number of years
You have everything except the present value so solve for it:
[tex]60000 = PV * (1+9)^{8}\\60000 = PV * 1.99256264\\PV = 60000/1.99256264\\PV = $30,111.98[/tex]
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matisse co. reported total revenues of $100,000 and total expenses of $90,000. the net profit margin is: multiple choice $10,000 10% 11% 111%
The net profit margin for matisse co is 10%.
Net profit is determined by subtracting all business costs from net income. A percentage is the outcome of the profit margin computation; for instance, a 10% profit margin indicates that for every $1 in revenue, the company makes $0.10 in net profit. Revenue is a period's value of the company's entire sales.
One of the most essential measures of a business's financial health is its net profit margin. A business can determine whether its existing procedures are effective and estimate earnings based on revenues by monitoring growth and reductions in its net profit margin.
Net profit margin= Net profit/Revenue
Net profit=Revenue-expenses
Net profit=$100,000-$90,000
Net profit=$10,000
Net profit margin=$10,000/$100,000=10%
Therefore, the net profit margin is 10%.
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The purpose of using control charts is to
Select one:
a. detect the causes of non-conformities
b. None of the above
c. determine if a process is performing within specifications
d. evaluate process performance over time
e. determine how to recreate the process
The purpose of using control charts is to evaluate process performance over time (d). Control charts are used to monitor the output of a process over time and detect any significant changes or deviations from the expected performance. This allows managers to identify potential problems with the process and take corrective action as needed to keep the process operating within specifications. Control charts are not typically used to detect the causes of non-conformities or to determine how to recreate a process.
which of the following statements about strategic planning are true? (choose every correct answer.) multiple select question. it focuses primarily on the organization's short-term goals. it requires visionary and directional thinking. it should be done approximately every ten years. it should communicate general goals and ways to achieve them.
Option (b) is correct. It requires visionary and directional thinking to implement strategic planning.
To create a specific business strategy strategic planning is used. It is used in implementing and evaluating the results of executing the plan. It is a concept that focuses on integrating various departments such as accounting and finance, marketing, and human resources within a company to accomplish its strategic goals. The term strategic planning is essentially synonymous with strategic management. The strategic planning process requires considerable thought and planning on the part of a company’s upper level management. Before settling on a plan of action and then determining how to strategically implement it executives may consider many possible options.
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whichof het following procedures is not usually performed by the accountant during a review engagement of a nonissuer in accordance with statements on standards for accounting and review services
In accordance with the statements on standards for accounting and review services, the accountant's communication of any material deficiencies found while considering internal control is the one procedure that is typically skipped. Hence, Option D is correct.
Accounting standards can be any type of statement that contains laws and regulations established by accounting organisations for the preparation of uniform and consistent financial accounts.
Disclosures that the various users of accounting information are also calling for are included below. A set of procedures and guidelines known as an accounting standard is utilised by various businesses and throughout time to systematically perform bookkeeping and other accounting activities.
Small and medium enterprises frequently adhere to less stringent criteria and make any additional disclosures that may be necessary to satisfy their particular shareholders and lenders.
Therefore, Option D is correct.
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The complete question has been attached in text form:
Which of the following procedures is not usually performed by the accountant during a review engagement of a nonissuer in accordance with statements on standards for accounting and review services.
A. Inquiring about actions taken at meetings of the board of directors that may affect the financial statements.
B. Issuing a report stating that the review was performed in accordance with standards established by the AICPA.
C. Reading the financial statements to consider whether they conform with generally accepted accounting principles.
D. Communicating any material weaknesses discovered during the consideration of internal control.
Which of the event management skills aids in completing projects on time and within budget, where parts of an event can be managed as separate components?
a. Project management skills
b. Negotiating skills
c. Budgeting skills
d. Delegating skillsa. Project management skills
Project Management skills enable projects to be finished on time and within budget, allowing for the management of individual components of events. Project planning, risk assessment, opportunity analysis, budget creation, stakeholder communication, problem-solving, and other activities fall under this category.
A group of skills called project management skills is required to start, plan, and carry out a project. Project managers frequently oversee a team of workers who must cooperate in order to accomplish a particular objective. Hard skills, soft skills, and personality traits are all included in the category of project management skills.A project manager is in charge of planning and carrying out the project. Additionally, they are in charge of leading and inspiring a team, controlling stakeholder expectations, and keeping company executives and stakeholders updated on the project's progress.Therefore, project management skills enable projects to be completed on schedule and within budget, allowing the management of individual events' components.
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Understanding net free cash flow is necessary to a. make better...
Understanding net free cash flow is necessary to
a. make better negotiation decisions
b. help to allocate resources
c. help to determine whether or not to keep a customer
d. none of the above are correct
e. all of the above are correct
The assertion claims that knowing net operating cash flow is essential for aiding in resource allocation.
What does the word "customer" actually mean?An individual or company that purchases products and services from another company is known as a customer. Customers are essential for they bring in money. Organizations would no longer exist without them.
Customer service is defined as:Customer care is the assistance you provide to your clients to make their interactions with you simple & joyful, both when and when they purchase and utilize your goods or services. If you want to keep clients and expand your business, you should provide outstanding customer service.
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under the investment advisers act of 1940, it is legal for an investment adviser to rebate the commission on a mutual fund sale to a client who has already paid a fee for investment advice keep the commission on a mutual fund sale when the client who purchased the shares has already paid for investment advice reduce a client's advisory fee by any commissions earned on mutual fund sales to that client
According to investment advisers act, businesses or lone practitioners who are paid to advise people on securities investments must register with the SEC and abide by rules intended to safeguard investors.
The Investment Advisers Act of 1940 is a federal legislation in the United States that governs and specifies an investment adviser's obligations. The legislation establishes the legal framework for regulating persons who advise pension funds, individuals, and organizations on topics of investing. It was inspired, in part, by a 1935 report to Congress on investment trusts and investment corporations written by the Securities and Exchange Commission (SEC). It establishes who must register with local, state, and federal agencies in order to provide financial advice as well as what counts as investment advice. The stock market crash of 1929 and its terrible aftereffect, the Great Depression, served as the initial motivation for the Investment Advisers Act of 1940, as well as for many other important financial legislation of the 1930s and 1940s.
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Which of the following price setting methods considers the price that other providers charge for the same product? a. demand-based method b. cost plus method c. total cost method d. competition based method
The right answer is D. The rate that other suppliers charge for the identical goods is taken into account by the competition-based method.
What are pricing strategies based on competition?Competitor-based pricing, as the name suggests, is a pricing method in which a business determines the price of its products after examining the competition. However, this method just considers the sale price of both the rivals' goods and does not account for starting expenditures.
What are the four competitive advantage factors?Superior efficiency, quality, invention, and customer accountability are the four criteria that assist the business create and maintain a competitive advantage. Each of these elements is the outcome of a company's unique competence.
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the university administration would like to add some additional parking locations. to make everyone happy, they would like each building to be within a 5 minute walk of one set of new parking spaces (the spaces will be added in blocks of 10 parking spaces). the university is considering six locations for the new parking spaces, but would like to minimize the overall cost of the project. in addition to the walking time requirement, the university would like to add at least 40 new parking spaces (at least 4 blocks of 10). to help with the decision, the management science department formulated the following linear programming model: Min 400x1 + 375x2 + 425x3 + 350x4 +410x5 + 500x6s.t. x1 + x2 + x5 + x6 ≥ 1 {Residence Hall A constraint}x1 + x2 + x3 ≥ 1 {Residence Hall B constraint}x4 + x5 + x6 ≥ 1 {Science building constraint}x1 + x4 + x5 ≥ 1 {Music building constraint}x2 + x3 + x4 ≥ 1 {Math building constraint}x3 + x4 + x5 ≥ 1 {Business building constraint}x2 + x5 + x6 ≥ 1 {Auditorium constraint}x1 + x4 + x6 ≥ 1 {Arena constraint}x1 + x2 + x3 + x4 + x5 + x6 ≥ 4 {Total locations constraint}xj={1, if location j is selected 0, otherwisexj=1, if location j is selected 0, otherwise Which of the locations is the most expensive
The most expensive location of the six proposed locations is location 6. This is because the linear programming model has a coefficient of 500 for location 6, which is the highest coefficient of the six proposed locations.
This means that location 6 will add the most of cost to the total project cost, if it is selected. It is important to note that it does not necessarily mean that location 6 is the best option for the university. The linear programming model is only taking into account the cost of the locations, and not the other criteria, such as the walking time requirement, that the university would like to satisfy. In addition, if a different location would satisfy the requirements of the university better, then it may be more beneficial for the university to choose that location even if it is more expensive.
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a portable concrete test instrument used in construction for evaluating and profiling concrete surfaces (macrs-gds 5-year property class) is under consideration by a construction firm for $26,000. the instrument will be used for 6 years and be worth $2,750 at that time. the annual cost of use and maintenance will be $8,000. alternatively, a more automated instrument (same property class) available from the manufacturer costs $31,500, with use and maintenance costs of only $7,000 and salvage value after 6 years of $4,000. the marginal tax rate is 25%, and marr is an after-tax 12%.
Concrete Polishing Luncheon & Forum. What polished concrete floor contractors need to know about the slip and fall aspects of polished concrete floors.
What does polishing concrete achieve?Using a multi-step technique called concrete polishing, worn-out, aged concrete surfaces can be turned into lovely floors. New concrete floors are also being ground to a high-gloss sheen that doesn't require wax or coatings. Exceptional durability is one of the benefits that polished concrete's non-porous surface and high gloss finish give.
How should concrete be polished?A polished concrete floor that experiences frequent foot activity and weathering typically needs professional care every two to three years. Remember that this period of time is only an estimate and could be extended or shortened depending on how much traffic and weathering are present along the floor surface.
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Which scenario demonstrates a wise use of credit cards?
A. Spencer chooses a credit card with a low interest rate and low
credit limit. He pays off the total charges each month.
B. Stephanie gets as many credit cards as she can. She spreads her
expenses among the cards and makes the minimum payment on
each.
C. Brianna pays off the minimum on her credit card. She leaves the
large balance for when she will make more money.
D. Avery applies for the first credit card offer he receives in the mail.
He saves time because all creditors offer the same terms.
Answer:
A. Spencer chooses a credit card with a low interest rate and low credit limit. He pays off the total charges each month.
Explanation:
monopolistically competitive firms are not productively efficient because output is less than society's optimal level because a producer's .
Monopolistically competitive firms are not productively efficient because output is less than society's optimal level because a producer's average total cost per unit is not at its lowest possible cost.
A monopoly is a market structure where a player is a free seller who dominates the entire market because he provides a completely unique service or product. By comparison, monopolistic competition is a competitive market with only a handful of buyers and sellers who provide close substitutes.
A monopoly is a type of imperfect opposition where a seller or producer captures the general public's market share due to a lack of substitutes or competition. Monopolistic competition is a form of imperfect competition where many sellers try to control a percentage of the market by differentiating their goods.
When the most proficient single firm controls an entire industry—or perhaps a large percentage of that industry—a corporation is said to have a monopoly. historically, monopolies benefit the companies that have them because they can improve costs and reduce services without consequence.
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in the economy of scottopia, policy makers want to lower the unemployment rate and raise real gdp by using monetary policy. in the accompanying diagram, shift the ad, lras, and/or sras curves and move the equilibrium point to its new position to show why this policy will ultimately result in a higher aggregate price level but no change in real gdp.
A higher overall price level with no corresponding change in actual GDP The rate of unemployment is equal to the natural rate of unemployment when an economy is producing at its full employment output.
Which of the following best describes inflation that is still taking place, but more slowly?Deflation, the antithesis of inflation, is primarily caused by shifts in supply and demand. Disinflation, on the other hand, shows how quickly inflation changes over time. Inflation is still beneficial even though it is declining over time.
What remedies are available for the growing unemployment?To lower unemployment, industrial activity needs to be decentralized. There will be fewer job prospects in a region where industrial activity is concentrated.
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which of the following is a drawback of a sole proprietorship, sp? group of answer choices ownership and control by a single person none of the above ease of setup and liquidation unlimited life of the sp company owner
All the given statements of sole proprietorship is true.
So correct answer is option B.
The sole proprietorship is the most basic legal form of business organisation. Businesses run by one individual are not considered legal entities. It designates one individual as the business's sole proprietor and the only person responsible for paying off any obligations. A sole proprietorship may conduct business under its owner's name or a made-up name, such as Nancy's Nail Salon. The fake name is only used as a trade name by the only proprietor owner. It doesn't produce any additional legal entities.
The sole proprietorship is a well-known business structure due to its simplicity, ease of formation, and low cost. A sole proprietor just needs to register their name and acquire the required local licences in order to launch a firm.
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morgan (age 45) is single and provides more than 50% of the support of tammy (a family friend), jen (a niece, age 18), and jerold (a nephew, age 18). both tammy and jen live with morgan, but jerold (a french citizen) lives in canada. morgan earns a salary of $95,000, contributes $5,000 to a traditional ira, and receives sales proceeds of $15,000 for an rv that cost $60,000 and was used for vacations. she has $8,200 in itemized deductions.
Morgan's taxable income is 69,800.Morgan's Tax liability is 13,243.75.
Income - 95,000 Salary
IRA Contribution - 5,000 - This is an 'above the line' deduction
Adjusted Gross Income = 90,000
Itemized Deductions - 8,200 (Given in the problem and greater than the standard deduction in 2015 of 6,300)
Exemptions - 12,000 (Rosalyn and Flo would qualify as qualifying relatives along with Morgan's own personal exemptions, so that makes 3 exemptions. 3 x 4,000 - 12,000)
Taxable Income = 69,800
Pulling from the IRS tax table from 2015.
69,800 taxable income would fall into the 25% bracket.
$37,451 to $90,750
$5,156.25 plus 25% of the amount over $37,450
(69,800 - 37,450) x 25% + 5,156.25 = Tax Liability
Tax Liability = 13,243.75
A qualifying relative is a person who meets specific guidelines to be taken as a dependent on your tax return. To claim someone as a qualifying relative, the following criteria must be met:
1) The taxpayer provides more than half of their support
2) Dependent has minimal income (this amount changes from year to year)
3) Dependent must live with taxpayer for the entire year
4) Dependent can't be claimed on someone else's tax return
5) They can't file a return with someone else
6) Dependent is a US citizen
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without express or implied authority, xi contracts on behalf of yan to purchase a certain building from zhu. yan and zhu are not bound in contract unless yan
Without express or implied authority, xi contracts on behalf of yan to purchase a certain building from zhu. yan and zhu are not bound in contract unless yan ratifies the contract before Zhu withdraws from the deal.
What is meant by implicit authority?A principal's deliberate transfer of authority to an agent to act on their behalf as a result of that principal's actions, but without a written agreement. If no one objects following the previous use of this power, implied authority may result.
Therefore, An agent with implied authority is one who has the legal right to carry out tasks that are ostensibly required to further an organization's objectives. A contract can be made on behalf of another person or business by implied authority figures, according to contract law.
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morgan (age 45) is single and provides more than 50% of the support of tammy (a family friend), jen (a niece, age 18), and jerold (a nephew, age 18). both tammy and jen live with morgan, but jerold (a french citizen) lives in canada. morgan earns a salary of $95,000, contributes $5,000 to a traditional ira, and receives sales proceeds of $15,000 for an rv that cost $60,000 and was used for vacations. she has $8,200 in itemized deductions.
Morgan's taxable income is $71,350 and Morgan's dependent tax credit is $1000.
Taxable income refers to the bottom upon that associate taxation system imposes tax. In alternative words, the financial gain over that the govt obligatory tax. Generally, it includes some or all things of financial gain and is reduced by expenses and alternative deductions.
Itemized deductions embody amounts you procured state and native financial gain or sales taxes, land taxes, personal estate taxes, mortgage interest, and disaster losses. you will additionally embody gifts to charity and a part of the quantity you procured medical and dental expenses.
The question is incomplete, find the complete question here
morgan (age 45) is single and provides more than 50% of the support of tammy (a family friend), jen (a niece, age 18), and jerold (a nephew, age 18). both tammy and jen live with morgan, but jerold (a french citizen) lives in canada. morgan earns a salary of $95,000, contributes $5,000 to a traditional ira, and receives sales proceeds of $15,000 for an rv that cost $60,000 and was used for vacations. she has $8,200 in itemized deductions.
a. Morgan's taxable income is
b.Compute Morgan's dependent tax credit.
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- a common practice of firms is to use private warehousing for storing most of their inventory, they use public warehousing temporarly if there is not enough space in the private warehouse
It is false that businesses use their own warehouses to store most of their inventory. If there is a shortage of private warehouses, temporarily use public warehouses
What is Private warehouse and their types?They are usually privately owned by large retailers to store excess inventory together, especially during peak seasons. Private storage requires a large investment from the owner. However, it is likely to prove very cost-effective in the long run. Examples of warehouses: rented out by retailers to store goods, used by producers close to where they work, and owned or rented by wholesalers that store or evict inventory.
Types of private warehouse: Distribution center. Select warehouse, pack and ship. smart warehouse. Refrigerate. Storage on demand. Customer warehouse.
Who uses private warehouse?They are owned and controlled by channel suppliers (manufacturers/distributors) and resellers and are used solely for their own sales activities.
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marigold co has outstanding 92 million of 9% bonds due in seven years and call out a lot 103 the bonds were
Marigold Co. will report $600,000 gain
Issue price of the bonds called = $9,200,000
Gain on Retirement of bonds at 94 = $9,200,000 x 0.94
Gain on Retirement of bonds at 94 = $86,48,000
Gain on retirement = $9,200,000 - $86,48,000
Therefore, Gain on retirement = $5,52,000
Hence, option a) is correct.
When a bond issuer buys back bonds for less than the amount of the related liability, this is known as a gain on the retirement of bonds. The face value of the bonds less any unamortized discount (or unamortized premium), less any unamortized bond issue cost, equals the carrying amount of the bonds, which is the liability.
The outcome of a company repurchasing its own bonds at a discount to the bonds' carrying value. By deducting the cost of repurchasing the bonds from their carrying value, the gain is calculated.
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The complete question is:
Marigold Co. has outstanding 92 million of 9% bonds due in seven years and call out a lot 103 the bonds were issued at par and are selling today at a market price of 94. If Marigold Co. calls $92 million of these bonds it will report:
A $5,52,000 gain.
A $400,000 loss.
A $600,000 gain.
Neither gains nor losses are recognized on early retirements of debt.
high-low cost estimation assume the local yrc worldwide delivery service hub has the following information available about fleet miles and operating costs: year miles operating costs year 1 695,000 $219,500 year 2 855,000 267,500 use the high-low method to develop a cost-estimating equation for total annual operating costs. total annual costs
The equation for total annual operating cost is given by the equation Total Cost = $11,000 - $0.3 * Fleet Miles
The high-low cost estimation model is used for separating the fixed cost from the variable cost if only the mixed cost data is on hand. Companies often use this method to develop the cost model used for predicting future costs.
First, we estimate the variable cost as
Variable Cost = (Cost at the highest activity level - Cost at the lowest activity level)/(Miles at the highest activity level - Miles at the lowest activity level)
Variable Cost = ($267,500 - $219,500)/(855,000 - 695,000) = $48,000/160,000 = $0.3 per fleet mile
Then, we estimate the fixed cost as
Fixed Cost = Cost at the highest activity level - Variable Cost * Miles at the highest activity level
Fixed cost = 267500- 0.3*855000 = 11000
Finally, the cost-estimating equation for the total annual operating costs can be formulated as
Total Cost = Fixed Cost - Variable Cost * Fleet Miles
Total Cost = $11,000 - $0.3 * Fleet Miles
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which of the following terms and definitions do not match? a consideration clause - states the amount and frequency of the premium b probationary period - found in disability insurance policies before benefits are payable after a loss occurs c entire contract clause - includes policy, provisions, a copy of the application, and any riders, waivers, or endorsements d payment of claims - paid to the policyowner unless otherwise specified or there is an assignment of benefits
The follow-ing term and definition do not match with each ot-her (b) probationary period - found in dis-ability insurance policies before bene-fits are payable after a loss occurs.
What is Probation Period and How to Handle it?A probation period is a time a re-cruit takes to under-stand company policies, rules, and their job respon-sibilities. It is also when an employee works as a temp-orary workforce with minimum bene-fits and facilities.
Probation period me-ans the “trial period” that you serve as a new empl-oyee in an organization. It lets both the employee and the empl-oyer get to know each other bet-ter before the organ-ization can offer him/her a regular or permanent pos-ition.
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