the company sold 38,000 units in the east region and 13,000 units in the west region. it determined that $300,000 of its fixed selling and administrative expense is traceable to the west region, $250,000 is traceable to the east region, and the remaining $122,000 is a common fixed expense. the company will continue to incur the total amount of its fixed manufacturing overhead costs as long as it continues to produce any amount of its only product. 1. What is the unit product cost under variable costing?
2. What is the unit product cost under absorption costing?
3. What is the company’s total contribution margin under variable costing?
4. What is the company’s net operating income (loss) under variable costing?
5. What is the company’s total gross margin under absorption costing?
6. What is the company’s net operating income (loss) under absorption costing?
7. What is the amount of the difference between the variable costing and absorption costing net operating incomes (losses)?
8. What is the company’s break-even point in unit sales?
9. If the sales volumes in the East and West regions had been reversed, what would be the company’s overall break-even point in unit sales?
10. What would have been the company’s variable costing net operating income (loss) if it had produced and sold 51,000 units?
11. What would have been the company’s absorption costing net operating income (loss) if it had produced and sold 51,000 units?
12. If the company produces 5,000 fewer units than it sells in its second year of operations, will absorption costing net operating income be higher or lower than variable costing net operating income in Year 2?
13. Prepare a contribution format segmented income statement that includes a Total column and columns for the East and West regions.
14. Diego is considering eliminating the West region because an internally generated report suggests the region’s total gross margin in the first year of operations was $79,000 less than its traceable fixed selling and administrative expenses. Diego believes that if it drops the West region, the East region's sales will grow by 5% in Year 2. Using the contribution approach for analyzing segment profitability and assuming all else remains constant in Year 2, what would be the profit impact of dropping the West region in Year 2?
15. Assume the West region invests $46,000 in a new advertising campaign in Year 2 that increases its unit sales by 20%. If all else remains constant, what would be the profit impact of pursuing the advertising campaign?

Answers

Answer 1

Under absorption costing, the per-unit costs are first added up to reach the product cost (direct labor, direct materials, variable overhead). The fixed overhead must then be subtracted from per-unit costs in order to apply per-unit overhead to per-unit costs.

Under absorption costing, where do you find the unit product cost?

You can achieve this by using the following formula:

Absorption cost per unit is calculated as follows: (Direct Material Costs + Direct Labor Costs + Variable + Fixed Manufacturing Overhead Costs) / Number of Produced Units.

What does variable costing's unit product cost look like?

The fixed factory overhead rate per unit can be subtracted from the unit product cost under absorption costing to get the unit product cost under variable costing.

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Related Questions

NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services

Answers

In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.

In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.

The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.

Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.

These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.

By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.

This enables businesses to operate efficiently and effectively, contributing to economic growth and development.

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when making decisions about which products to carry in your store or warehouse a source of good advice on market trends is?

Answers

Answer:

When doing so, trend is Important or advisable

What should you do to streamline the purchasing process once the customer approves an estimate?

Answers

You should copy it to a purchase order.

I hope this helps!!!

The acid-test ratio takes the sum of cash, short-term investments, and ___ and divides the total by current liabilities. It helps determine immediate short-term debt-paying ability. merchandise inventory prepaid expenses supplies current receivables

Answers

To calculate the acid-check ratio of a organization, divide a organization's modern-day coins, marketable securities, and overall money owed receivable through its modern-day liabilities.

The required details for Current liabilities in given paragraph

Current liabilities are a organization's short-time period economic responsibilities which might be due inside three hundred and sixty five days or inside a regular running cycle. An running cycle, additionally called the coins conversion cycle, is the time it takes a organization to buy stock and convert it to coins from sales. An instance of a modern-day legal responsibility is debts to providers within side the shape of money owed payable. Current liabilities are a organization's short-time period economic responsibilities which might be due inside three hundred and sixty five days or inside a regular running cycle. Current liabilities are normally settled the use of modern-day property, which might be property which might be used up inside three hundred and sixty five days. Examples of modern-day liabilities consist of money owed payable, short-time period debt, dividends, and notes payable in addition to earnings taxes owed.

The evaluation of modern-day liabilities is critical to traders and creditors. This can supply a photograph of a organization's economic solvency and control of its modern-day liabilities.

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You charge $500 on each of your two credit cards.
One is American Express with an interest rate of 15.99%.
The other is Chase Sapphire with an interest rate of
20.99%. Assuming that you are only making the minimum
payment of $25 to each of the credit card companies,
which card will you pay off first

Answers

It is advisable to pay off the Chase Sapphire card first to minimize the overall interest paid.

To determine which credit card to pay off first, we need to consider the interest rates and the minimum payment amounts. Let's calculate the interest accrued on each card and compare the total amounts.

For the American Express card with a balance of $500 and an interest rate of 15.99%, the interest accrued per month would be (15.99/100) * (500) = $79.95. With a minimum payment of $25, the remaining balance after the payment would be $500 - $25 = $475.

For the Chase Sapphire card with a balance of $500 and an interest rate of 20.99%, the interest accrued per month would be (20.99/100) * (500) = $104.95. After making the minimum payment of $25, the remaining balance would be $500 - $25 = $475.

Comparing the two cards, we see that the interest accrued on the Chase Sapphire card is higher ($104.95) compared to the American Express card ($79.95). Therefore, it is advisable to pay off the Chase Sapphire card first to minimize the overall interest paid.

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10
points
Splish Splash Art is a centre that offers children's music and dance lessons. Splish Splash prepares annual financial statements and
has a December 31, 2023, year-end.
4
a. On September 1, Splish Spash Art collects $20,900 cash for dance lessons running from September 1, 2023 to December 31, 2023.
b. On October 1, Splish Splash Art collects $5,400 cash in advance from the Music Box Inc. ($2.700 per month) to rent its performance
stage for the full month of December 2023 and January 2024.
c. On October 1, 2023, Splish Splash Art collects $8,600 cash for four months of music lessons for a local private school. The lessons
run from October 1, 2023 to January 31, 2024.
Print
Required:
For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2023.
View transaction list
Journal entry worksheet
1
2
Record cash received in advance for future dance lessons.
Note: Enter debits before credits.
Date
Sep 01, 2023 (Cash
General Journal
Debit
20,900
Credit
Help
20,900

Answers

Answer:

(If you like this answer i would appreciate if u give brainliest but otherwise, i hope this helped ^^)

Explanation:

Journal Entry:

Date: September 1, 2023

Account Title Debit ($) Credit ($)

Cash 20,900

Unearned Revenue 20,900

Explanation:

The journal entry records the cash received in advance for future dance lessons. The cash received is debited to the Cash account, indicating an increase in cash. The Unearned Revenue account is credited, representing the liability created as the service (dance lessons) is yet to be provided.

Adjusting Entry (December 31, 2023):

Date: December 31, 2023

Account Title Debit ($) Credit ($)

Unearned Revenue 20,900

Revenue 20,900

Explanation:

The adjusting entry on December 31, 2023, is made to recognize the portion of the unearned revenue that has been earned as of the year-end. The Unearned Revenue account is debited to reduce the liability, indicating that the portion of the dance lessons has been provided. The Revenue account is credited to record the revenue earned during the period.

Please note that for parts (b) and (c) of the question, additional information is needed to provide accurate journal entries and adjusting entries.

More than 99% of all U.S. firms are classified as small businesses, and they employ about half of private workers. A small business is defined as any independently owned and operated business that is not dominant in its competitive area and does not employ more than 500 people. Understanding the advantages and disadvantages of small business ownership is crucial for any potential entrepreneur.

Hover your cursor over each item directly below to review the statements and scenarios listed. Click and drag each item to place as the appropriate advantage or disadvantage of small business ownership

Answers

The small businesses in the United States operate at a very high level, and form a big chunk of the total national employment.

What is a small business?

A business which runs and operates on a very small scale, defined as per the government authorities from time to time, is known as a small business.

The advantages of a small business are,

Government subsidies and benefitsQuick decision-makingEasier formation

The disadvantages of a small business are,

Government regulationLess scope of expansionCompetition

Hence, the significance of a small business is aforementioned.

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7) Using a fictional product or service, create a simple business plan by
answering the three questions business owners must consider.

The three questions a business owners must consider are;

1 What good will be produced?
2 How should it be produced?
3 For whom should it be produced?

What good will you produce, or what service will you provide?

Answers

Answer:

i will make legos

It will be produced in a production facility in denmark

will be produced for all genders ages 5+

Explanation:

Using a fictional product, my simple business plan would be based on these economic theories that is what to produce, how to produce and for whom to produce.

What to produce – I will produce herbal hair shampoo.How to produce – I would use both labor intensive and machine incentive techniques equally for production.Whom to produce- The core niche would be the women aged between 15 to 60.

What is a business plan?

A business plan is a written strategy that outlines the objectives and strategies for accomplishing the objectives of the business. It describes a company's go-to-market strategy, financial forecasts, market analysis, corporate objectives, and mission statement. The business plan may also include a timeframe and information about key personnel who are in charge of reaching the objectives.

A business plan is a crucial document intended for both internal and external audiences of a company. For instance, before a business has built a solid track record, a business plan is utilized to entice investment. Securing financing from financial entities might also be beneficial.

A business plan serves three purposes: it explains the organization's strategy to execute it over the long term, obtains funding from investors, and aids in projecting future company demands.

What is an economic theory?

An economic theory is a body of concepts and precepts that describes how various economies operate. An economist may use theories in many ways depending on their specific function. For instance, some theories seek to explain certain economic phenomena, such inflation or supply and demand, as well as the reasons behind them.

Economic theories seek to analyze the causes and effects of economic occurrences, as well as the optimal course of action for influencing or resolving them. They are an extensive set of presumptions, theories, definitions, and guidelines on what should be done in various economic circumstances. Positive and normative approaches to economic theory are the two main categories.

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On top of being responsible for the
physical resources in a project, a
construction manager is also
responsible for which of the following?
A. Coordination
B. Sales
C. Marketing

Answers

The answer is C!!!!!!!!!!!!!

Answer:

A. Coordination

Explanation:

why does a venue require an F&B minimum​

Answers

A food and beverage minimum is the amount you required to spend on food and beverage to use a space. It rarely includes taxes, fees or gratuities. It also often takes of a room rental fee
-I hope this helps!! Make me brainliest

The following balances were extracted from the books of VE Enterprise on 31 December 2021.
Particular RM RM
Capital 50,000
Motor vehicles 90,000
Fixtures & fittings 48,500
Inventory as at 1 January 2021 32,200
Allowance for doubtful debts 500
Accumulated depreciations as at 1 January 2021:
Motor vehicles 16,000
Fixtures & fittings 10,400
3% fixed deposit 30,000
4% bank loan 50,000
Sales 199,070
Purchases 73,500
Sales returns 2,050
Purchases returns 2,120
Discount allowed 2,550
Discount received 2,830
Account receivables 37,700
Account payables 48,650
Carriage inwards 3,570
Interest received 450
Commission received 2,600
Salaries 16,100
Electricity bills 5,400
Custom duty on purchases 3,000
Insurances 450
Maintenance expenses 3,300
Drawing 2,300
Cash in hand 6,800
Cash at bank 25,200
Additional information:
1. Inventory as at 31 December 2021 18,180
2. Depreciation for the year ended 31 December 2021 has yet to be provided as follows:
a. Fixtures & fittings: 10% using straight line method
b. Motor vehicles:15% using reducing balance method.
3. Electricity bills was paid in advanced by RM500. Meanwhile RM400 commission are not
received yet.
4. One of the customers Amri Sport Enterprise was declare bankrupt and unable to pay the
debt amount RM700
5. The provision for doubtful debts is to be adjusted to 5% based on remaining account
receivables
6. Salaries are accrued by RM140.
3
7. ‘Purchases’ include goods valued at RM1,040 that were withdrawn by Azwin for her own
personal use.
Required:
a) Prepare Income Statement for the year ended 31 December 2021
(15 marks)
b) Prepare Statement of Financial Position as at 31 December 2021

Answers

a. The Income Statement for the year ended 31 December 2021 is RM80,360.

b. The Statement of Financial Position as at 31 December 2021 is RM206,645.

a) Income Statement for the year ended 31 December 2021:

Sales: RM199,070

Less: Sales returns: RM2,050

Net Sales: RM197,020

Cost of Goods Sold:

Opening Inventory: RM32,200

Purchases: RM73,500

Less: Purchases returns: RM2,120

Add: Carriage inwards: RM3,570

Goods Available for Sale: RM107,150

Less: Closing Inventory: RM18,180

Cost of Goods Sold: RM88,970

Gross Profit: RM197,020 - RM88,970 = RM108,050

Operating Expenses:

Discount allowed: RM2,550

Salaries: RM16,100 + RM140 = RM16,240

Electricity bills: RM5,400 - RM500 = RM4,900

Custom duty on purchases: RM3,000

Insurances: RM450

Maintenance expenses: RM3,300

Total Operating Expenses: RM30,340

Net Profit before Non-operating Items:

Gross Profit - Operating Expenses: RM108,050 - RM30,340 = RM77,710

Non-operating Items:

Interest received: RM450

Commission received: RM2,600 - RM400 = RM2,200

Total Non-operating Items: RM2,650

Net Profit before Tax:

Net Profit before Non-operating Items + Total Non-operating Items: RM77,710 + RM2,650 = RM80,360

b) Statement of Financial Position as at 31 December 2021:

Assets:

Non-current Assets:

Motor vehicles: RM90,000 - (RM90,000 * 15%) = RM76,500

Fixtures & fittings: RM48,500 - (RM48,500 * 10%) = RM43,650

Total Non-current Assets: RM120,150

Current Assets:

Inventory: RM18,180

Account receivables: RM37,700 - (RM37,700 * 5%) - RM700 = RM35,815

Prepaid electricity bills: RM500

Cash in hand: RM6,800

Cash at bank: RM25,200

Total Current Assets: RM86,495

Total Assets: RM206,645

Liabilities and Equity:

Equity:

Capital: RM50,000

Retained Earnings: RM80,360

Total Equity: RM130,360

Current Liabilities:

Account payables: RM48,650

Bank loan: RM50,000

Total Current Liabilities: RM98,650

Total Liabilities and Equity: RM206,645

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Hale’s TV Productions is considering producing a pilot for a comedy series in the hope of selling it to a major television network. The network may decide to reject the series, but it may also decide to purchase the rights to the series for either one or two years. At this point in time, Hale may either produce the pilot and wait for the network’s decision or transfer the rights for the pilot and series to a competitor for $100,000. Hale’s decision alternatives and profits (in thousands of dollars) are as follows:

State of Nature

Decision Alternative

Reject, s1

1 Year, s2

2 Years, s3

Produce pilot, d1

-100

50

150

Sell to competitor, d2

100

100

100

The probabilities for the states of nature are P(s1) = 0.20, P(s2) = 0.30, and P(s3) = 0.50. For a consulting fee of $5000, an agency will review the plans for the comedy series and indicate the overall chances of a favorable network reaction to the series. Assume that the agency review will result in a favorable (F) or an unfavorable (U) review and that the following probabilities are relevant:

P(F) = 0.69

P(s1 | F) = 0.09

P(s1 | U) = 0.45

P(U) = 0.31

P(s2 | F) = 0.26

P(s2 | U) = 0.39



P(s3 | F) = 0.65

P(s3 | U) = 0.16



Construct a decision tree for this problem.

What is the recommended decision if the agency opinion is not used? What is the expected value?

Answers

Answer:

To construct the decision tree, we can follow these steps:

1. Start with the initial decision nodes representing the two decision alternatives: "Produce pilot" (d1) and "Sell to competitor" (d2).

2. Assign the payoffs for each decision alternative under each state of nature.

3. Add chance nodes for each state of nature and connect them to the corresponding decision alternatives.

4. Assign the probabilities of each state of nature at the chance nodes.

5. Calculate the expected payoffs at each chance node by multiplying the payoffs with their respective probabilities and summing them up.

6. Determine the optimal decision by comparing the expected payoffs at the initial decision nodes.

Here is the decision tree for this problem:

| Produce pilot (d1)

| -100

|____________

/|\

/ | \

/ | \

/ | \

P(F) = 0.69 / | \ P(U) = 0.31

/ | \

/ | \

/ | \

/ | \

s1 / | \ s2

/ | \

/ | \

/ | \

/ | \

/ | \

50 | F U F | 100

| |

| |

| |

| s3 | s3

| |

150| F | 100

|_______________________________|

If the agency opinion is not used, the recommended decision would be to produce the pilot (d1) since it has a higher expected value compared to selling to the competitor (d2).

To calculate the expected value:

Expected value (d1) = (-100 * P(s1 | F) * P(F)) + (50 * P(s2 | F) * P(F)) + (150 * P(s3 | F) * P(F))

= (-100 * 0.09 * 0.69) + (50 * 0.26 * 0.69) + (150 * 0.65 * 0.69)

= -6.93 + 8.97 + 66.88

= 68.92

Expected value (d2) = (100 * P(s1 | U) * P(U)) + (100 * P(s2 | U) * P(U)) + (100 * P(s3 | U) * P(U))

= (100 * 0.45 * 0.31) + (100 * 0.39 * 0.31) + (100 * 0.16 * 0.31)

= 13.95 + 12.09 + 4.96

= 30

Comparing the expected values, the recommended decision is to produce the pilot (d1) with an expected value of 68.92.

The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?

Answers

An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.

The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.

An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.

The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.

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Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:

1. What is the materials quantity variance for March?

2. If Preble had purchased 171,000 pounds of materials at $7.20 per pound and used 155,000 pounds in production, what would be the materials quantity variance for March?

3. What is the labor rate variance for March?

4. What is the labor efficiency variance for March?

5. What is the labor spending variance for March?

Preble Company manufactures one product. Its variable manufacturing overhead is applied to production

Answers

Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).

Labor efficiency variance = $404,600 F

What is Labor efficiency variance?

By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.

1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)

Labor efficiency variance = $1,156,000 - (91,800 * $17)

Labor efficiency variance = $404,600 F

2) Variance in direct labor worked divided by variance in labor efficiency

Variance in labor costs is $404,600 - $68,000.

Variance in labor costs = $336,600 F

3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Manufacturing variable overhead cost = 24,000 * $21

$504,000 is the variable manufacturing overhead cost.

4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Cost of variable overhead in production = 30,600 * $21

$642,600 is the variable manufacturing overhead cost.

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omeowner's Insurance Premium
Home Owner's Policy Comparison Deductible
Policy 1 $1,600
Policy 2 $2,000
Which statement below correctly compares the premium prices for these insurance policies?

A. Policy 2 will have a higher premium because it has a lower
deductible than Policy 1.

B. Policy 1 will have a higher premium because it has a lower
deductible than Policy 2.

C. Policy 2 will have a higher premium because it has a higher
deductible than Policy 1.

D. Policy 1 will have a lower premium because it has a lower
deductible than Policy 2.

Answers

The correct statement that compares the premium prices for these insurance policies is:

B. Policy 1 will have a higher premium because it has a lower deductible than Policy 2.

In the context of insurance policies, the deductible is the amount the policyholder must pay out of pocket before the insurance coverage kicks in.

A lower deductible means the insurance company will have to cover a larger portion of the claim, which typically leads to a higher premium.

Policy 1 has a lower deductible of $1,600 compared to Policy 2's deductible of $2,000.

Therefore, Policy 1 will likely have a higher premium because the insurance company would bear a greater portion of the claim costs.

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If an investor purchases a few shares of McDonald's® stock, but gains no direct involvement with the company, which kind of investment are they
portraying?
O Direct investment
O Portfolio investment
O Indirect investment
O Foreign investment

Answers

Answer:

B.

Explanation:

Portfolio investment can be defined as a passive investment made in the form of a group of assets, stocks, bonds, etc. These investments are made with the expectation to earn a return or growth in value.

In the given case, an investor who has purchased a few shares of McDonald's stock is portraying a portfolio investment. A portfolio investment is an asset that a company invests in with an expectation to earn a profit.

Therefore, option B is the correct answer.

Jmes Graham Manufacturing is a small manufacturer that uses machine-hours as its
activity base for assigned overhead costs to jobs. The company estimated the
following amounts for 2019 for the company, for Job 62 and Job 63:
Company Job 62 Job 63
Direct materials $60,000 $4,500 $7,100
Direct labor $25,000 $2,500 $4,200
Manufacturing
overhead costs $72,000
Machine hours 90,000 1,350 3,100
During 2019, the actual machine-hours totaled 95,000, and actual overhead costs were $71,000. Job 62 consisting of 1,000 units and Job 63 consisting of 2000 units were completed during the month.
Instructions:
A) Compute the predetermined overhead rate.
B) Compute the total manufacturing costs for Job 62 and Job 63.
C) Compute the unit cost of Jobs 62 and 63.
D) How much overhead is over or underapplied for the year for the company? State amount and whether it is over- or underapplied.
E) If Graham Manufacturing sells Job 62 for $14,000 and $18,000 for Job 63, compute the gross profit.

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

Company - Job 62 - Job 63

Direct materials: $60,000 - $4,500 - $7,100

Direct labor: $25,000 - $2,500 - $4,200

overhead costs $72,000

Machine hours: 90,000 - 1,350 - 3,100

During 2019, the actual machine-hours totaled 95,000, and actual overhead costs were $71,000. Job 62 consisting of 1,000 units and Job 63 consisting of 2000 units were completed during the month.

A) To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 72,000/90,000

Estimated manufacturing overhead rate=  0.8 per machine-hour

B) Total manufacturing cost= direct material + direct labor + allocated overhead

Job 62:

Total manufacturing cost= 4,500 + 2,500 + 0.8*1,350

Total manufacturing cost= $8,080

Job 63:

Total manufacturing cost= 7,100 + 4,200 + 0.8*3,100

Total manufacturing cost= $13,780

C) Unitary cost= total cost/ number of units

Job 62:

Unitary cost= 8,080/1,000= $8.08

Job 63:

Unitary cost= 13,780/2,000= $6.89

D) First, we need to apply overhead for the company as a whole:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.8*95,000

Allocated MOH= $76,000

Now, we can calculate the over/under applied overhead:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 71,000 - 76,000

Overapplied overhead= $5,000

E) Job 62= 14,000

Job 63= 18,000

Gross profit= sales - cost of goods sold

Job 62:

Gross profit= 14,000 - 8,080= $5,920

Job 63:

Gross profit= 18,000 - 13,780= $4,220

Id.k the labels for em :/

Id.k the labels for em :/

Answers

Answer:

Sole property ship- one owner

Partnership-multiple owners.

Explanation:

Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online

Answers

To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.

A TES (Thermal Energy Storage) system is installed that will cost $89,000 and is projected to save $35,684 annually for the life of the project of 18 years. What is the exact Internal Rate of Return (IRR)

Answers

Answer:

the exact internal rate of return is 40%

Explanation:

The computation of the exact internal rate of return is shown below

Given that

Initial investment = -$89,000

Year 1 to Year 18 = $35,684 each year

Based on the above information

We use the IRR formula

= IRR()

After applying the internal rate of return formula, the exact internal rate of return is 40%

So the same is considered and relevant too

A TES (Thermal Energy Storage) system is installed that will cost $89,000 and is projected to save $35,684

A conceptual framework is an analytical tool with several variations and contexts. It can be applied in different categories of work where an overall picture is needed. It is used to make conceptual distinctions and organize ideas.

Answers

Incomplete question. I inferred you want to know if it is true or false.

Answer:

True

Explanation:

This term is often used in research by researchers to explain the reason for the hypotheses and conclusions made their work, etc. In other words, the conceptual framework paints a clearer/overall explanation of an idea.

For example, if an invention is made of a Car that uses water as fuel; such an invention must have a conceptual framework document explaining the idea behind that.

It may seem odd, but why would anyone buy bonds if they have a negative interest rate?

Choose one or more:
A. People who buy these bonds wish to help the government pay down debt at a lower cost.
B. Some pension funds are required to keep a portion of their portfolios in government bonds.
C. Government bonds are almost riskless.
D. The prices of alternative "safe" assets like gold do not change very much.

Answers

My opinion is that its government bonds seem to be almost risk-free.

How are governmental bonds issued?

Bonds are a common form of capital raising used by both governments and enterprises. In essence, you are making a loan to the issuer when you buy a bond. In return, they promise to pay your interest just on bond on a regular basis, usually twice a year, and to pay back the full loan amount on a specific date.

What do current government bonds pay?

I-bonds issued between November 2022 and April 2023 have a 6.89% composite rate.

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Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from 7.61 on December 31, 2018, to 7.82 on June 30, 2019, what would the implied earnings yield be?

Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from
Relative Valuation (45 min) X KNOWLEDGE CHECK On the chart below, if the earnings per share grew from

Answers

The implied earnings yield be 4.1%.

Thus, the correct option is B.

What do you mean by earnings?

The net advantages of a corporation's operations are its earnings. Additionally, earnings are the source of corporation tax obligations.

EBIT and EBITDA are two additional terms that are more specifically utilized for a study of certain areas of company operations. There are other other names for earnings that are frequently used, including income and profit.

Earnings are the sum of money that a person or organization receives over a specific time period.

They can be found on an income statement for a business and are used to gauge how profitable it is. Better financial performance is typically indicated by higher recurring earnings, which can also have a beneficial effect on stock values.

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A blank a relationship would include your coworker and friends

Answers

A colleague relationship would include your co-workers and friends.

This can also apply to your supervisor and colleagues, who make up the entirety of the individuals you engage with at work. Relationships between coworkers are frequently cordial, competent, and oriented towards a same objective.

Any interaction or relationship between two or more people is considered a colleague relationship in the broadest sense. They are the associations that people who frequently engage with one another perceive to exist.

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When applying for a loan, what should you do?
A) You should borrow from an institution close to your home.
B) You should wait until you have a long credit history.
C) You should go to a state that has low interest rates.
D) You should shop around for the best overall deal.

Answers

Answer: D). You should shop around for the best overall deal.

Explanation: It makes the most sense to me and is what I would do compared to the other options. Like I don't think I would go out of state for a loan, and obviously waiting for a long credit history isn't beneficial. You can have good credit without having a long credit history. Borrowing from somewhere near your house only is convenient for travel distance.  Sorry if I'm wrong!!

When applying for a loan, you should shop around for the best overall deal. This means comparing different lenders and loan product. Therefore, the correct answer is D.

This means to find the one that offers the lowest interest rate, the most favorable terms, and the best repayment plan that suits your needs.

A loan is a sum of money that is borrowed and expected to be paid back to the lender with interest over a set period of time. Loans are typically offered by financial institutions such as banks, credit unions, and online lenders,

Therefore, it is recommended to research and compare different loan options to find the best deal that suits your financial situation and needs.

Thus, the ideal selection is option D.

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What is the diagnostic phase of a sales meeting called?
O implementation
O gaining attention
O call to action
O needs assessment

Answers

The diagnostic phase of a sales meeting is called "needs assessment".

What happens in the diagnostic phase?

During this phase, the salesperson focuses on understanding the customer's specific needs and requirements.

This involves asking questions and actively listening to the customer's responses in order to gain a deeper understanding of their situation and identify potential solutions that the salesperson can offer.

By conducting a thorough needs assessment, the salesperson can tailor their presentation and recommendations to meet the customer's specific needs and ultimately increase the likelihood of closing the sale.

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5. Prior to the CARES Act, up to what percentage of your income could be deducted as a donation to charity?

5. Prior to the CARES Act, up to what percentage of your income could be deducted as a donation to charity?

Answers

Answer: 60%

Explanation:

Prior to the CARES Act, individuals could generally deduct up to 60% of their adjusted gross income (AGI) as a donation to charity. This was known as the AGI limitation, and it was designed to ensure that taxpayers did not use charitable donations to excessively lower their taxable income.

Prior to the passage of the CARES Act, people could often donate up to 60% of their adjusted gross income (AGI) to charity. Hence option B is correct .

Prior to the CARES Act, up to what percentage of your income could be deducted as a donation to charity?

The AGI threshold was put in place to prevent taxpayers from using charitable contributions to artificially reduce their taxable income.

Contributions can be sent in the form of a check, draught, or cash; however, sums of money given in cash that exceed Rs 10,000 are not tax deductible. The full amount of the donation or contribution is eligible for a tax refund.

Donations of more than Rs. 2,000 must be made in a method other than cash in order to qualify for deductions under Section 80G.

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which of the following is an example of an executive agreement?
The president changes a regulation on undocumented immigrant status without congressional approval.
The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.
The president issues recommendations to the Department of Justice on what the meaning of a new criminal statue is.
The president negotiates an agreement with China and submits it to the Senate for ratification

Answers

The Correct example of an executive agreement is b) The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.

What is Executive Agreement?An executive agreement is a pact between the leaders of two or more countries that has not been approved by the legislature in the same way that treaties are approved. To distinguish them from treaties, which are legally binding, executive agreements are seen as having political force.Executive agreements are less formal than treaties and do not require ratification by two-thirds of the U.S. Senate. They are agreements between the United States and a foreign government.After 1939, executive agreements were used a lot more frequently. Between 1940 and 1989, during World War II and the Cold War, presidents signed almost 800 treaties but negotiated more than 1,200 executive agreements, compared to the 800 treaties that the U.S. Senate had ratified before to 1940 and the 1,200 executive agreements that they had formed.

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Does iced tea or hot tea brew faster? Im starting a tea buisness

Answers

Hot tea brews faster

Answer:

Hot tea brews faster than iced

Explanation:

Which of the following best describes how subject lines should be created

Answers

The sentence that best describes how subject lines should be created is C) Bias-free language avoids words and phrases that unfairly stigmatize people.

What are subject lines?

When recipients receive an email from  someone especially from an organization, then the subject line  serves as the first single-line text they see after the sender's name.

It should be noted that the The sender's name, the subject line,  as well as the preview text are the first three items that would be  seen in an email when it arrives in the inbox before it is been clicked open for the receiver of the message.

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complete question;

Which of the following best describes bias-free language?

A) Bias-free language is often unethical.

B) Bias-free language makes the user sound prejudiced.

C) Bias-free language avoids words and phrases that unfairly stigmatize people.

D) Bias-free language supports the stereotypes and prejudices that it reflects.

E) Bias-free language communicates from the audience's point of view and generally supports the audience's interests and preferences.

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