Brandon, an individual, began business four years ago and has never sold a $1231 asset. Brandon owned each of the assets for several years. In the current year, Brando sold the following business assets: Asset Machinery Computers Building Original Accumulated Cost Depreciation $30,000 $ 7,000 10,000 6,000 90,000 20,000 Gain/Loss $10,eee (2,000) (2,000) Assuming Brandon's marginal ordinary income tax rate is 32 percent, what effect do the gains and losses have on Brandon's tax liability? Multiple Choice a) $7000 ordinary income S1000 51231 loss, and $1920 tax liability b) $6.000 ordinary income and $1920 taxability c) $2000 201 gan and $2.240 taxability d) $7000 $1231 gan and $4050 taxlity e) None of the choices we correct

Answers

Answer 1

The sale of business assets impacts an individual's tax liability. Assuming Brandon's marginal ordinary income tax rate is 32 percent, the effect of gains and losses on his tax liability is as follows: Option B is the correct answer: $6,000 ordinary income and $1,920 tax liability.

In this case, Brandon sold three assets: machinery, computers, and a building. The original cost, depreciation, and gain or loss on each asset are given. The gain or loss from the sale of assets is the difference between the asset's selling price and its adjusted basis.

Brandon made a $10,000 gain on the sale of machinery and a $2,000 gain on the sale of computers. On the sale of the building, he suffered a loss of $2,000. The total gains from the sales of assets are $10,000 + $2,000 = $12,000, and the total loss is $2,000. Therefore, his total gains are $10,000 + $2,000 – $2,000 = $10,000.

His tax liability will be affected by his net gains, which is the total gain less the total loss. Brandon's net gains are $10,000 – $2,000 = $8,000. Brandon's marginal ordinary income tax rate is 32 percent. Therefore, the amount of tax liability will be calculated by multiplying the marginal tax rate by the net gains.

The tax liability is therefore 32% x $8,000 = $2,560. Brandon's gain or loss on the sale of $1,231 in assets is insignificant and does not affect his tax liability. As a result, Option B, $6,000 ordinary income, and $1,920 tax liability is the correct answer.

To know more about tax liability refer here:

https://brainly.com/question/29857441#

#SPJ11


Related Questions

As the demand for goods and services decreases, job growth
a. increases
b. decreases
c. remains the same
d. none of the above
Please select the best answer from the choices provided

Answers

Decrease because we don’t need workers if there’s is not much goods for people to get paid so it’s decrease

The growth of jobs declines when the demand for products and services declines. Therefore. option(b): "decreases" is the correct answer.

This movement of increases and decreases related to demand and job growth is related to cyclic unemployment.

An economy's demand for products and services often drops when GDP growth slows, which in turn raises cyclical unemployment.

The demand for labor will rise or shift to the right as the demand for goods and services rises in order to meet the demands of employers for production.

Therefore, option (B): "decreases" is the correct movement of job growth according to a decrease in demand for goods and services.

To learn more about demand and job growth, refer below;

https://brainly.com/question/376696

#SPJ7

Why is it difficult to increase the nation’s supply of goods and services when everyone has a job?

Answers

Because when everyone has a job there would be no one to employ to increase the output of supply of goods and services.

Match the job titles with career clusters executive secretary survey researcher Storage and distribution manager loan officer cargo and freight agent general manager

Answers

Answer:

Accountant -  Finance  

Survey Researcher - Science, Technology, Engineering and Mathematics

Loan Officer - Finance

Cargo and Freight Agent - Transportation, Distribution and Logistics

General Manager - Business Management and Administration

Executive Secretary - Business Management and Administration

Storage and Distribution Manager - Transportation Distribution and Logistics

Purchasing Agent - Manufacturing

Explanation: i took the test and got 100

Matching the job titles with career clusters are Executive Secretary in Business Management and Administration, Survey Researcher in Science, Technology, Engineering and Mathematics.

What are career clusters?

Career Clusters provide students with a context for studying traditional academics and learning the skills specific to a career, and provide U.S. schools with a structure for organizing or restructuring curriculum offerings and focusing class make-up by a common theme such as interest.

In the U.S. Department of Education model, 17 Career Clusters link to 70+ more specific Career Pathways each having its knowledge and skills requirements. Within the 70+ career pathways, 1800 Career Specialties are defined. The structure has evolved and may vary by state. Matching more job titles with career clusters are Storage and Distribution Manager - Transportation Distribution and Logistics, Loan Officer Finance, and Cargo and Freight Agent - Transportation.

Further, Distribution and Logistics, General Manager - Business Management and Administration.

Learn more about career, here:

https://brainly.com/question/30040900

#SPJ6

Managers who possess strong __________ impact the business by helping organizations to attract and retain high-performing employees.

Answers

Manager who has strong interpersonal skills impact the business positively and helping organizations to attract and retain high-performing employees

Managers who possess strong interpersonal skills and intuition impact the business by helping organizations to attract and retain high-performing employees. It is very important for any business or organization to attract and retain high-performing employees. A manager of any business organization is responsible to lead employees and the company's operations. Managers should ensure that the company must remain productive.

Manager must have strong interpersonal skills like communication, conflict management, motivation, etc. Managers must communicate with the employees effectively, solve disputes among them and motivate them when required. Intuition is an instinct or sixth sense. Managers with strong intuition are also helpful in retaining and attracting employees. Therefore intuition and interpersonal skills are important skills for managers to retain and attract high-performing employees.

You can learn more about interpersonal skills at

https://brainly.com/question/12756625

#SPJ4

Tony is the head of a company that develops cutting edge technology. His team is working on their next big thing and they are close to a breakthrough. As his team works, Tony spends a good portion of his time making sure each part of his team has what they need to produce their best work. Tony also spends some of his time making sure any potential obstacles to his team are taken care of and coaching his team through some of their challenges.

What type of leadership is Tony practicing here?

A. Laissez-faire
B. Democratic
C. Servant Leader
D. Directing

Answers

The answer is B - Democratic

Answer:

D- Directing

Explanation:

It can't be laissez-faire because that literally makes zero sense at all. It's not democratic because that would mean that he would have had his team take a vote at some point in time, but this question says nothing about that. It is not servant leader because literally wth is that. It would have to be directing because Tony is giving his team some direction to help them keep moving forward.

Okay, how many weeks would you have to work to pay for Gary’s $1200 mistake?

Answers

Answer:

i thinks its 1 year huhuhuh

In a common size income statement, the 100% figure is.

Answers

In a common size income statement the 100% figure is Net Sales

I need suggestions and opinions on this first draft, please.

I need suggestions and opinions on this first draft, please.

Answers

Answer:

It looks amazing! Great job!

explain how the looting of shops will affect business in term of the relationship between social responsibility and triple bottom line​

Answers

Social responsibility means an acceptable theory which is applies to everyone, expecting that the act of individual must benefit the whole of society.

Corporate Social Responsibility refers to practices and policies undertaken by  firms and other business, who are intending to have a positive influence on the environment and world at large.

Triple bottom line​ is also a concept that state that in addition to the major objectives of firms which is to make profit, they should ensure they impact the society and environment as well.

The looting of shops and mall will take a toll on the moral effort of firms and businesses adhering to the  triple bottom line​ concept as well as the corporate social responsibility as they have to count on the loss incurred, caused by the masses.

Despite that insurance provision and government can provide compensation for the looted goods, still, the morale of the firms authorities and business owners towards the social responsibility concept and triple bottom line​ concept will be negative

Learn more about this here https://brainly.com/question/1341005

The shops and malls are considered as safe place for citizens. Whenever there are any crisis in the state, these business activities are stopped for some time and these elective shopping activities are freeze to deal with crisis or natural disaster situation.

In such a situation few people who are robber by nature take advantage of such situation and then exploit the natural disaster. They get their own benefit from the disaster situation.

They know how to deal with crisis and they get benefit from their robbery and looting shops and malls. In this way businessmen looses great money and valuable things from their shops.

Learn more at https://brainly.com/question/24383317

the ________ the ratio of municipal bond yields to corporate bond yields, the _________ the cutoff tax bracket at which more individuals will prefer to hold municipal debt.

Answers

"The higher the ratio of municipal bond yields to corporate bond yields, the lower the cutoff tax bracket at which more individuals will prefer to hold municipal debt."

This is because municipal bonds are often tax-exempt, meaning that investors in higher tax brackets can benefit more from holding them compared to corporate bonds, which are typically taxed. If the ratio of municipal bond yields to corporate bond yields is high, it means that the tax benefit of holding municipal bonds is greater, making them more attractive to investors in lower tax brackets as well.


Therefore, investors who are in lower tax brackets may find municipal bonds more appealing and may choose to invest in them instead of corporate bonds. Additionally, a higher ratio of municipal bond yields to corporate bond yields may indicate a higher level of risk associated with municipal bonds, which could make them less attractive to investors in higher tax brackets.

It's important to note that the cutoff tax bracket at which more individuals will prefer to hold municipal debt can vary based on a variety of factors, including current market conditions, individual tax situations, and investor preferences. As a result, investors should carefully consider their own financial goals and circumstances before making any investment decisions.

Learn more about municipal bonds https://brainly.com/question/1346612

#SPJ11

The lower the tax bracket at which more people will choose to hold municipal debt, the larger the ratio of municipal bond yields to corporate bond yields will be.

Municipal bonds are issued by state and local governments and are typically exempt from federal income taxes, and in some cases, state and local taxes as well. Corporate bonds, on the other hand, are issued by companies and are subject to federal income taxes.

The ratio of municipal bond yields to corporate bond yields, also known as the "muni-to-corporate" yield ratio, is an indicator of the relative value of municipal bonds compared to corporate bonds. A higher ratio indicates that municipal bonds are more attractive than corporate bonds, while a lower ratio indicates that corporate bonds are more attractive.

The cutoff tax bracket at which more individuals will prefer to hold municipal debt is inversely related to the muni-to-corporate yield ratio. In other words, the higher the ratio, the lower the cutoff tax bracket at which investors will prefer to hold municipal bonds. This is because as the ratio increases, the tax benefits of municipal bonds become more valuable relative to the yields on corporate bonds, making them a more attractive investment option for investors in lower tax brackets.

To learn more about municipal bond yields

https://brainly.com/question/30438027

#SPJ4

an option on a real asset rather than a financial asset is known as a _____.

Answers

An option on a real asset rather than a financial asset is known as a real option. Real options refer to the potential opportunities and flexibility that a business or investor can exercise over a tangible asset or project.

These options provide a strategic advantage to companies that are engaged in activities such as exploration, production, and capital investment. Real options are generally applicable to assets that have some degree of uncertainty or variability in their potential outcomes. For instance, a company may invest in a mining project, and they can exercise real options in terms of the timing of the project, the scale of the investment, and the choice of the extraction method. These options allow the company to respond to changing market conditions and to make informed decisions that maximize the value of its investment. Real options can have a significant impact on the value of a project or asset, and they can be used to assess the feasibility and profitability of an investment. By considering the potential options and outcomes of an investment, investors can make better-informed decisions that can result in higher returns and improved risk management.

Learn more about extraction here:

https://brainly.com/question/13156055

#SPJ11

the guy who put letters in math is the reason im failing in geometry im just like

the guy who put letters in math is the reason im failing in geometry im just like

Answers

Answer:

I did that because I wanted to earn points, and alas. I wasnt sure how to other than this.

Explanation:

Price discrimination that is not justified by differences in costs, such as production costs or transportation costs, is prohibited by the:______.

Answers

Price discrimination that is not justified by differences in costs, such as production costs or transportation costs, is prohibited by the RobinsonPatman Act of 1936. Thus, option C is correct.

What is the Price?

Price can be defined as the amount of money that is being given or required as a payment to a good or service.

RobinsonPatman Act of 1936 prevents large franchise corporations from discriminating in price, promotional benefits, and marketing, so preventing smaller firms from ever being squeezed out of the market.

Therefore, option C is the correct option.

Learn more about Price, here:

https://brainly.com/question/18117910

#SPJ4

The question is incomplete, the complete question will be:

Simpson Mazzo AG

Shen Antitrust Act

Robinson–Patman Act

Federal Trade Commnsion Act

After 2 years, Deion earned $270 in simple interest from a CD into which he initially deposited $6000. What was the annual interest rate of the CD?

Answers

Answer:

4.5%

Explanation:

To find the annual interest rate of the CD in this problem , we can use the simple interest formula:

I = Prt

Where I is the amount of interest earned, P is the initial deposit, r is the interest rate as a decimal, and t is the time period in years.

In this case, we know that Deion earned $270 in interest over 2 years and that he initially deposited $6000, so we can set up the equation as:

270 = 6000 * r * 2

Simplifying this equation and solving for r, we get:

r = 0.045, or 4.5%

Therefore, the annual interest rate of the CD was 4.5%.

equipment acquired at a cost of 10500 has an estimated residual value of 12000 and an estimated useful life of 10 years. it was placed into service on may 1 of the current fiscal year which ends dec 31. determine the depretiaton for the current year and for the following year straight line and double declining

Answers

To determine the depreciation for the current year and the following year using straight-line and double declining balance methods, we need to consider the equipment's cost, estimated residual value, and estimated useful life.

1. Straight-line method:The straight-line method evenly distributes the depreciation expense over the useful life of the equipment. Depreciation expense per year = (Cost - Residual value) / Useful life

Depreciation expense for the current year: Depreciation expense = (10500 - 12000) / 10 Depreciation expense = -1500 / 10 Depreciation expense = -150 Depreciation expense = -150

To know more about determine visit:

https://brainly.com/question/29898039

#SPJ11

The depreciation for the current year using the double declining balance method is -$2,100, and for the following year, it is -$1,890.

Explanation :

The depreciation for the current year and the following year can be calculated using the straight-line and double declining balance methods.

Straight-line depreciation is calculated by subtracting the estimated residual value from the initial cost and dividing it by the estimated useful life. In this case, the initial cost is $10,500, the estimated residual value is $12,000, and the estimated useful life is 10 years. Therefore, the annual depreciation expense using the straight-line method would be:

($10,500 - $12,000) / 10 = -$150 / year

Since depreciation is an expense, it is represented as a negative value.

For the following year, the straight-line depreciation would still be -$150.

On the other hand, the double declining balance method calculates depreciation at a faster rate in the early years and slows down in later years. It is calculated by taking the straight-line rate (1/estimated useful life) and doubling it. The double declining balance depreciation expense for the first year would be:

2 * ($10,500 / 10) = -$2,100

For the following year, the double declining balance depreciation expense would be:

2 * ($10,500 - $2,100) / 10 = -$1,890

Learn more about depreciation from a given link :

https://brainly.com/question/1203926

#SPJ11

Risk can be thought of as the possibility of incurring??

Answers

Answer:

Risk can be thought of as the possibility of incurring a loss.

Explanation:

Loss.

Riskier investments can yield higher returns:
A) but, are generally less expensive
B)but, generally experience steeper downturns
C) so, you should invest all your money in high risk stocks
D) none of the above

Answers

I would say D. It’s certainly not A or C. However B could be right, I feel like D is the best option. Hope this helps!

The Riskier investments can yield higher returns, Because They put your money at higher risk. This means that if things go well, high-risk investments can produce high returns.

What is the investment?

Investment is the ceremonial of money to purchase an asset to attain an increase in value over a time period of time. Investment requires a sacrifice of some present quality, such as time, medium of exchange, or effort. In finance, the purpose of investing is to generate a return from the invested asset.

The risk investment may offer the chance of higher returns than other investments might produce, but they put your money at higher risk. This means that if things go well, high-risk investments can produce high returns. But if things go badly, you could lose all of the money you invested.

Therefore, Thus option (D) is correct.

Learn more about investments here:

https://brainly.com/question/15353704

#SPJ2

How do expectations influence the markets for loanable funds and financial markets? What is the difference between the efficient-market hypothesis and the random walk theory?

Answers

They influence by making certain type of. Loans to the financial markets which causes growth

heineken starts with barley. what is the process of preparing the barley called?

Answers

growing the characteristic balanced Heineken taste. Our A-Yeast is happiest with a large surface vicinity which is possible in our horizontal fermentation tanks.

Image result for Heineken starts offevolved with barley. what is the system of getting ready the barley called?

Brewing

Brewing is the manufacturing of beer by using steeping a starch supply (commonly cereal grains, the most popular of which is barley) in water and fermenting the ensuing candy liquid with yeast.

It may additionally be finished in a brewery with the aid of a business brewer, at home by means of a homebrewer, or communally.

Where does Heineken get their barley?

The relevant crop in every united states relies upon on the local conditions and the CREATE task focuses on malt barley in Ethiopia, maize in Rwanda and sorghum in Sierra Leone. Supplying higher-yielding barley seeds and training are key elements of the CREATE project in Ethiopia.

Learn more about barley here:

https://brainly.com/question/16657992

#SPJ1

A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of pya, where a 5 pd2y4. if the load is known with an uncertainty of 610 percent, the diameter is known within 65 percent (tolerances), and the stress that causes failure (strength) is known within 615 percent, determine the minimum design factor that will guarantee that the part will not fail.

Answers

Here is the correct question.

A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of P/A, where A= πd²/4. if the load is known with an uncertainty of ±10 percent, the diameter is known within ±5 percent (tolerances), and the stress that causes failure (strength) is known within ±15 percent, determine the minimum design factor that will guarantee that the part will not fail.

Answer:

the minimum design factor that will guarantee that the part will not fail. = 1.434

Explanation:

Looking at the uncertainty; loss of strength must be raised to \(\dfrac{1}{0.85}\) due to the stress that causes the failure (strength)  is known within ±15% uncertainty.

Looking at the uncertainty; the maximum allowable load  must be reduced to \(\dfrac{1}{1.1}\) because the load is known with an uncertainty of ±10.

Looking at the uncertainty; the diameter must be raised to \(\dfrac{1}{0.95}\)  because the diameter is known within an uncertainty of ±5.

The decrease in the maximum allowable stress can be estimated as:

\(\sigma' = \dfrac{P'}{A'}\)

where,

\(\sigma =\) stress

P = load

A = cross-sectional area of the cylinder

\(\sigma' = \dfrac{P'}{\dfrac{\pi}{4}(d')^2}\)

replacing P' with \(\dfrac{1}{1.1}P\)   and d' with \(\dfrac{1}{0.95}d\), we have:

\(\sigma' = \dfrac{(\dfrac{1}{1.1})\times p }{\dfrac{\pi}{4}(\dfrac{1}{0.95 } d)^2 }\)

\(\sigma' =\dfrac{P}{\dfrac{\pi}{4}d^2} (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }\)

\(\sigma' =\sigma \times (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }\)

\(\sigma' =\sigma \times 0.82045\)

\(\dfrac{\sigma' }{\sigma } =0.82045\)

Thus, the uncertainty in diameter and the load of the allowable stress needs to decrease to 0.82045

Now, the minimum design factor that will ascertain that the part will not fail can be computed as:

\(n_d = \dfrac{loss \ of \ function \ parameter }{maximum \ allowable \ parameter}\)

where;

the design factor = \(n_d\)

\(n_d =\dfrac{\dfrac{1}{0.85} }{0.82045}\)

the design factor  \(n_d\) = 1.434.

Thus,  the minimum design factor that will guarantee that the part will not fail. = 1.434

This is the limited, speculative purchase of stocks and bonds of a foreign company by individuals or mutual funds. A. Portfolio investment
B. FDI
C. TNI
D. Direct investment

Answers

The restricted, speculative acquisition of foreign firm bonds and equities by private investors or mutual funds is known as portfolio investment. Option A is Correct.

A popular method of investing in foreign countries is through a foreign portfolio investment (FPI). It consists of financial assets and securities owned by foreign investors. Foreign institutional investment is the term used to describe the portfolio investments made by foreign institutional investors. When investors from another country buy securities and other financial assets, this is referred to as a foreign portfolio investment (FPI).

Stocks, bonds, mutual funds, exchange traded funds, American depositary receipts (ADRs), and global depositary receipts are a few examples of overseas portfolio investments (GDRs). Investments made by a pension fund, mutual fund, or other institutional investment might be referred to as portfolio investments. Buying it outright is a direct investment, in comparison. Option A is Correct.

Learn more about Portfolio investment visit: brainly.com/question/1869290

#SPJ4

Complete this paragraph about the impact of trade on American jobs based on the video you just watched.
New Balance manufactures its shoes in
. The Obama administration proposed a trade agreement called the
. It is
to hire Vietnamese workers than American workers. New Balance executives are hoping to avoid their workers losing their
because of the trade agreement.

Answers

Answer:

The radius of the earth is 6371 km and the weight of an object on the earth is 800 N. The weight of the object at an altitude of 6371 km above the surface of the earth

Answer:

New England

Trans-Pacific Partnership

10 times cheaper

Jobs

Explanation:

write the answers down like this pleaseeeeee
''1)??''

write the answers down like this pleaseeeeee ''1)??''

Answers

The definition of the terms in the image is given below as they are correctly matched:

The Definition of the terms

Asset: An asset is any resource or property that has value and can be owned by a person, business or organization. Examples of assets include cash, property, investments, inventory, and equipment.

Debit: A debit is an accounting entry that represents an increase in assets or a decrease in liabilities or equity. In double-entry bookkeeping, a debit entry is recorded on the left-hand side of an account ledger.

Credit: A credit is an accounting entry that represents an increase in liabilities or equity or a decrease in assets. In double-entry bookkeeping, a credit entry is recorded on the right-hand side of an account ledger.

Capital: Capital refers to the money invested in a business by its owners or shareholders. It can also refer to the assets owned by a business that can be used to generate income.

Liabilities: Liabilities are debts or obligations owed by a business to other parties. Examples include loans, accounts payable, and taxes owed.

Cash payments: Cash payments refer to any money paid out by a business or individual for goods, services, or other expenses.

Profit: Profit is the amount of money that a business earns after subtracting all of its expenses from its revenue.

Cash receipts: Cash receipts refer to any money received by a business or individual for goods, services, or other income.

Owner's equity: Owner's equity represents the residual value of a business after all liabilities have been paid off. It is the value of the assets that the owner or owners of the business can claim as their own.

Transactions: Transactions refer to any exchange of goods or services that takes place between two or more parties.

Sole trader: A sole trader is a business owned and operated by a single person.

Income: Income refers to any money earned by a business or individual from the sale of goods or services.

Expenses: Expenses refer to any money spent by a business or individual in order to generate income or operate a business.

Accounting equation: The accounting equation is a fundamental principle of accounting that states that assets must always equal liabilities plus owner's equity.

Loss: A loss occurs when a business's expenses exceed its revenue, resulting in a negative net income.

Bank: A bank is a financial institution that accepts deposits from customers and provides loans and other financial services.

Subsidiary journal: A subsidiary journal is a book of accounts that records transactions for a specific type of transaction, such as purchases or sales. It is used to simplify the process of recording transactions in the general ledger.

Read more about assets here:

https://brainly.com/question/25746199

#SPJ1

offering complementary products-a customer orders a baseball shirt that is pictured with matches cropped pants in your catalog. what do you do?

Answers

Offering complementary products when a customer orders a baseball shirt that is pictured with matching cropped pants in your catalog:

Step 1: Identify the complementary product - In this case, the complementary product is the matching cropped pants that go with the baseball shirt.

Step 2: Recommend the complementary product - When the customer orders the baseball shirt, kindly suggest they may also be interested in the matching cropped pants. Provide information on the benefits of purchasing the complete set, such as coordinated style and potential bundle discounts.

Step 3: Make it easy for the customer - Provide the product code, price, and a direct link (if applicable) to the matching cropped pants in your catalog, making it convenient for the customer to add it to their order.

Step 4: Offer assistance - If the customer has any questions or needs help with sizing, be available to provide support and ensure they have a positive shopping experience.

By following these steps, you can effectively offer complementary products and enhance the customer's overall satisfaction with their purchase.

Learn more about complementary products here:

https://brainly.com/question/28333777

#SPJ11

What is a business opportunity?

Answers

Answer:

a packaged business investment that allows the buyer to begin a business.

Explanation:

The column headed by a check mark in a checkbook register is provided so you can make a note of your checks that have bounced.

T or F

Answers

f........................,......

You purchase $300 worth of the same stock every quarter for one year at prices per share of $15, $12, $10, and $20, respectively. By using this dollar-cost averaging strategy, you paid less overall than the average share price of $14.25. What was the average cost per share that you paid?
please help ​

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

4. Sara's Kettle Potato Chips produces gourmet chips distributed to chain sub shops throughout California. To ensure that their chips are of the highest quality and have taste appeal, Sara has a rigorous inspection process. (Click the icon to view additional information.) Read the requirements Requirement 1. Compute two variances that help determine whether the time spent on inspections was more or less than expected. Begin by calculating the following amounts for the inspection hours. (Enter your answers to one decimal place, X.X.) Actual Hours For Inspection Actual Pounds Inspected/Budgeted Pounds per Hour Standard Pounds Inspected for Actual Output/Budgeted Pounds per Hour Now compute the efficiency and quantity variances for time spent on inspections. (Enter your answers to one decimal place, X.X. Label the variance as favorable (F) or unfavorable (U).) Efficiency variance hours hours (1) (2) Quantity variance Requirement 2. Compute two variances that can be used to evaluate the percentage of the food that fails the inspection. Calculate the following amounts for the pounds that failed inspection Actual Pounds Failing Inspection Actual Pounds Inspected x Budgeted Inspection Failure Rate Standard Pounds Inspected for Actual Output x Budgeted Inspection Failure Rate Finally compute the efficiency and quantity variances for pounds of food that fail inspection. (Label the variance as favorable (F) or unfavorable (U).) Efficiency variance O bs. (3) Quantity variance C l bs. (4) 1: More Info For quality control purposes, Sara has a standard based on the pounds of chips inspected per hour and the number of pounds that pass or fail the inspection. Sara expects that for every 7,000 pounds of chips produced, 1,400 pounds of chips will be inspected. Inspection of 1,400 pounds of chips should take 1 hour. Sara also expects that 4% of the chips inspected will fail the inspection. During the month of May, Sara produced 1,680,000 pounds of chips and inspected 294,000 pounds of chips in 190 hours. Of the 294,000 pounds of chips inspected, 11,260 pounds of chips failed to pass the inspection. 2: Requirements 1. Compute two variances that help determine whether the time spent on inspections was more or less than expected. (Follow a format similar to the one used for the variable overhead spending and efficiency variances, but without prices.) 2. Compute two variances that can be used to evaluate the percentage of the chips that fails the inspection.

Answers

Efficiency variance for time spent on inspections: -20 hours

Quantity variance for time spent on inspections: -30 hours

Were the inspection hours more or less than expected?

The efficiency variance for time spent on inspections is -20 hours, indicating that the actual time spent on inspections was 20 hours less than expected.

This implies that the inspection process was more efficient than anticipated.

The quantity variance for time spent on inspections is -30 hours, suggesting that the quantity of inspections performed was 30 hours less than expected.

This indicates a shortfall in the quantity of inspections conducted compared to the budgeted amount.

In summary, the inspection process was more efficient in terms of time spent, but there was a shortfall in the quantity of inspections performed.

These variances provide insights into the performance of the inspection process and can help Sara's Kettle Potato Chips identify areas for improvement.

Learn more about efficiency variance

brainly.com/question/28240324

#SPJ11

) (10 pts) Suppose the Marlboro Cigarette Company introduces a new type of cigarette that has no nicotine or tobacco, and is therefore has no addictive properties, but is otherwise identical. Initially, they decide to price them exactly the same as regular cigarettes. However, the government does not want to miss out on revenue, and so decides to tax the new cigarettes at the same rate as the regular ones. Assume that the supply curves of these two cigarettes are identical. i) Draw two separate graphs, one for regular cigarettes and one for the new cigarettes, that shows the effect of a tax (levied on producers) on supply, demand, and equilibrium. ii) Which tax has a larger effect on equilibrium quantity? iii) Before the tax is implemented, which product has a greater consumer surplus? iv) For which tax is the decrease in producer surplus larger? v) What property is driving your answers to ii), iii), and iv)

Answers

The tax on regular cigarettes will have a larger effect on equilibrium quantity. Regular cigarettes have a greater consumer surplus before the tax is implemented.

In the graph for regular cigarettes, the tax on producers shifts the supply curve upward, resulting in a higher equilibrium price and a lower equilibrium quantity. In the graph for the new cigarettes, the tax also shifts the supply curve upward, but since the demand remains the same, the equilibrium price and quantity are unaffected. The tax on regular cigarettes has a larger effect on equilibrium quantity because the demand for regular cigarettes is more price elastic compared to the demand for the new cigarettes. This means that consumers are more responsive to price changes for regular cigarettes, leading to a greater reduction in quantity demanded. Before the tax is implemented, regular cigarettes have a greater consumer surplus because they are addictive and have nicotine and tobacco.

Learn more about cigarettes here:

https://brainly.com/question/32820705

#SPJ22

why is maximum number of person in partnership business mentioned in companies act and not in partnership act

Answers

The Companies Act and the Partnership Act are two different laws that govern different types of businesses.

The companies act and partnership act-

The Companies Act governs companies, which are separate legal entities from their owners, while the Partnership Act governs partnerships, which are not separate legal entities from their owners.

The maximum number of persons in a partnership business is not mentioned in the Partnership Act because there is no limit to the number of partners a partnership can have. However, the Companies Act limits the number of members in certain types of companies, such as private companies, to a maximum of 200 members. This is because companies are separate legal entities and the law seeks to regulate their operations to ensure that they operate in a manner that is fair and transparent to all members.

To know more about the partnership act -

https://brainly.com/question/994016

#SPJ1

Other Questions
Which of the following physical properties of Venus are very similar in value to thoseof the Earth? A 4.0-kg mass is placed at (3.0, 4.0) m, and a 6.0-kg mass is placed at (3.0, -4.0) m. what is the moment of inertia of this system of masses about the z-axis? Help me please Correct the sentence by selecting the correct pronoun reference.Two of the better players were he and she.he and herhim and herthemcorrect as is 2. In the data set below, what is the median? 9, 4, 9, 2, 8, 2,1 a. 9 b. 1 . 2 d. 4 Can anyone do this for me? :-(PLEASE DONT ANSWER ANY NONSENSE YOU IT AUTHO BANNED How can internal and external evidence be utilized for quality improvement in the clinical setting? A business transport aircraft with a cruising speed of 300 knotat 26 000 ft employs two 1200-hp turboprop engines. A regularfour-blade composite prop is going to be used for each engine.Assume CLP alma and vera are sisters in late middle age. they wish to exert some control over the end-of-life care they will receive. alma creates a directive giving instructions to family members, friends, and medical personnel. vera appoints her eldest daughter to make decisions for her when the time comes. which statement is true? calculate the double integral. 4x 1 + xy da, r = [0, 4] [0, 1] r (7, 1) and (x, 4); m = 3/4missing value50 POINTS It was thought that the victim was killed with poison. Change to passive Read the sentence:Omar adopted a dog.Select the sentence that correctly uses a prepositional phrase to add detail.a Omar adopted a dog and named him Buster.b Omar adopted a dog but couldn't get a cat.c Omar adopted a dog that looks like a mutt.d Omar adopted a dog from a local shelter. How did the Spanish and French differ in their goals for exploration and settlement?The Spanish wanted to find trade routes in the Ohio River Valley, while the French wanted to create a base in Florida.The Spanish wanted to spread Christianity, while the French wanted to establish the fur trade.The Spanish wanted to learn about Native American culture, while the French wanted to destroy the Native American way of life.The Spanish wanted to create military alliances with the Native Americans, while the French avoided making treaties with the Native Americans. Writing worksheet please help me write a paragraph and include the following what the paper says to include. The paper says what it will be scored on as well. someone pleaseMatch the lines from the poems to the meter used.anapestic tetrameteriambic tetrameteriambic pentameterMurmuring how she loved me she Too weak, for all her heart's endeavor,To set its struggling passion free From pride, and vainer ties dissever, And give herself to me forever.(excerpt from Porphyrias Lover by Robert Browning)Quite clear to such an one, and say, Just thisOr that in you disgusts me; here you miss,Or there exceed the markand if she letHerself be lessoned so, nor plainly set(excerpt from My Last Duchess by Robert Browning)For only last night, as they whispered, I broughtMy own eyes to bear on her so, that I thoughtCould I keep them one half minute fixed, she would fallShrivelled; she fell not; yet this does it all!(excerpt from The Laboratory by Robert Browning) Excluding additions done to increment the loop variable i, what is the total number of multiplications and additions done when evaluating a polynomial of degree n at x = c using Polynomial_2?2 n What inference can most clearly be drawn about Sven Olsen's character in "Feathered Friend"? Simplify 16x - 9y/(4x-3y)^2 how did Northerners feel about Uncle Tom's Cabin(use image attached)