When determining whether you NEED to file a federal tax return, each of these questions matters EXCEPT...
1.What state do you live in?

2.How much income did you earn this year?
3.What type of income did you earn this year?
4.Are you claimed as a dependent on anyone else's tax return?

Answers

Answer 1
The answer would be 3
:)
Answer 2

A- The state you live in should not hold importance when filing the income tax return. The all other options are required to be filed as they are important to determine the tax slabs and deductions a person may get.

Suppose two persons earn exactly same income in a particular year and both the people belong to a different state, in such case both the person will be liable for equal taxation.

While filing an income tax return, there are various things that need to be disclosed so as to determine what tax slabs a person belongs to and what are the deduction he may avail.

The amount of income, the nature of income like income from salary/business or profession/house property/other sources and whether such person is taxable or not due to dependency on others needs disclosed.

To conclude it doesn't matter which state a person belongs for the taxability of such person while filing an income tax return.

Hence, the correct option is A that the the residency of state of such person will not matter for the purpose of filing his tax return.

To know more about tax returns, refer the link below.

https://brainly.com/question/14315557


Related Questions

the oriole mills company has just disclosed the following financial information in its annual report sales of 1.47 million, cost of goods sold of $817,100, depreciation expenses of $179,600, and interest expenses of $ 94,000. Assume that the firm has an average tax rate of 29 percent. Compute the cash flows to investors from operating activity.

Answers

The cash flows to investors from operating activities for Oriole Mills Company is $543,973.

To compute the cash flows to investors from operating activities, we need to start with the net income and make adjustments for non-cash expenses and changes in working capital. The formula to calculate cash flows from operating activities is as follows:

Cash Flows from Operating Activities = Net Income + Depreciation Expenses + Non-Cash Interest Expenses - Increase in Current Assets + Increase in Current Liabilities + Decrease in Current Assets - Decrease in Current Liabilities

Given the financial information provided, we can calculate the cash flows to investors from operating activities as follows:

Net Income:

Net Income = Sales - Cost of Goods Sold - Depreciation Expenses - Interest Expenses - Taxes

Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($1,470,000 - $817,100 - $179,600 - $94,000) * 0.29

Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($379,300 * 0.29)

Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - $109,927

Net Income = $269,373

Depreciation Expenses = $179,600

Non-Cash Interest Expenses = $94,000

Changes in Working Capital:

Increase in Current Assets = 0 (no information provided)

Increase in Current Liabilities = 0 (no information provided)

Decrease in Current Assets = 0 (no information provided)

Decrease in Current Liabilities = 0 (no information provided)

Finally, we can calculate the cash flows to investors from operating activities:

Cash Flows from Operating Activities = $269,373 + $179,600 + $94,000 + 0 + 0 + 0 + 0

Cash Flows from Operating Activities = $543,973

Therefore, the cash flows to investors from operating activities for the Oriole Mills Company is $543,973.

For more question on investors visit:

https://brainly.com/question/31358905

#SPJ8

A company had a market price of $39.40 per share, earnings per share of $2.20, and dividends per share of $1.35. Its price-earnings ratio equals:

Answers

Answer:

Price earning ratio = $17.9

Explanation:

Price earning ratio = Market Price share / Earning Per Share

Price earning ratio = $39.40/$2.2

Price earning ratio = $17.9

Which of the following government agencies is responsible for managing the
money supply in the United States?
A. The U.S. Mint
B. Congress
C. The Federal Reserve Bank
O D. The Department of the Treasury

Answers

Answer:

Explanation:

C The Federal reserve Bank

The government agency that is responsible for managing the money supply in the United States is the Federal Reserve Bank.

What do you mean by money supply?

Money supply refers to the total amount of money held by the public for a particular point.

The money supply in the U.S. is controlled by the U.S. Federal Reserve.  The federal reserve is the central banking system of the United States of America. It serves as the lender of last resort to the major banking institutions.

Therefore, C is the correct option.

Learn more about Money Supply here:

https://brainly.com/question/24249291

what is a tax bracket?​

Answers

Answer:

Tax brackets show you the tax rate you will pay on each portion of your income

5. If this person wanted to change his deductions so he could have more money for rent, which
taxes or deductions should he change? Explain why with a specific reason. Think about which
taxes affect or help you the most.

Answers

If this person wants more money for rent, they could consider adjusting their deductions for housing-related expenses, such as mortgage interest.

One specific deduction they could change is the deduction for mortgage interest. By increasing their mortgage interest deduction, they could potentially lower their taxable income and reduce their overall tax liability. This would result in more disposable income that could be allocated towards rent.

The mortgage interest deduction allows taxpayers to deduct the interest paid on their mortgage loans. By increasing the amount of mortgage interest they can deduct, the person can potentially lower their taxable income and decrease the amount of taxes owed. This would free up more money that could be used to cover the cost of rent.

It's important to note that individual circumstances and tax laws vary, so it is advisable for this person to consult with a tax professional or accountant to fully understand their options and ensure compliance with tax regulations.

For more questions on mortgage interest

https://brainly.com/question/28239154

#SPJ8

1. By giving yourself a safety cushion on all sides of the vehicle you improve your ability to? 1. stop 2. maneuver 3. think 4. all of the above

Answers

Answer: 4

Explanation: All of the above

A company sells 1 million shares of common stock with no par value for $15.50 a share. In recording the transaction, it would debit:

Answers

In recording the transaction, it would debit: Cash and credit Common Stock for $15.50 million.

Based on the information given the common stock does not have stated value, therefore the journal entry will includes a debit to Cash and a credit to Common Stock for $15.50 million calculated as:

Debit Cash $15.50 million

Credit Common Stock $15.50 million

(1 million shares × $15.50 per share)

(To record common stock)

Inconclusion in recording the transaction, it would debit: Cash and credit Common Stock for $15.50 million.

Learn more about common stock here:https://brainly.com/question/25765493

The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.

Answers

The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.

1. The US Senate passed the 2022 Defense Authorization Act.

2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.

3. The total amount allocated for the Defense Authorization Act is $768 billion.

4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.

5. The Act represents a 5% increase in the US defense budget when compared to the previous year.

6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.

7. The Act was passed overwhelmingly, indicating strong support from the Senate.

8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.

9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.

10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.

For more such questions on Defense Authorization Act, click on:

https://brainly.com/question/29225501

#SPJ8

Gathering testimonials when preparing for a sales presentation can be helpful in overcoming customer

Answers

Answer:

objections

Explanation:

salespeople should

know the product's benefits

making a presentation around what the customer wants

gathering customer reviews

quizletcom250953849mgmtchapter16learnsmartflashcards

Scott's Cycles sells merchandise on credit terms of 2/15, n/30. A sale invoiced at $1,500 (cost of sales $975) was made to Shannon Allen on February 1. The company uses the gross method of recording sales discounts.

Required:
1. Give the journal entry to record the credit sale. Assume use of the perpetual inventory system.
2. Give the journal entry, assuming that the account was collected in full on February 9.
3. Give the journal entry, assuming instead that the account was collected in full on March 2. On March 4, the company purchased bicycles and accessories from a supplier on credit, invoiced at $9,000; the terms were 3/10, n/30. The company uses the gross method to record purchases.

Answers

1. The journal entry to record the credit sale by Scott's Cycles, using a perpetual inventory system, is as follows:

February 1:

Debit Accounts Receivable $1,500

Credit Sales Revenue $1,500

To record the credit sales, terms 2/15, n/30.

Debit Cost of goods sold $975

Credit Inventory $975

To record the cost of goods sold.

2. The journal entry to record the collection of the account by Scott's Cycles is as follows:

February 9:

Debit Cash $1,470

Debit Cash Discounts $30

Credit Accounts Receivable $1,500

To record the collection of the account and cash discounts allowed.

3. The journal entry to record the collection of the account by Scott's Cycles is as follows:

March 2:

Debit Cash $1,500

Credit Accounts Receivable $1,500

To record the collection of the account.

2. The journal entry to record purchase on account by Scott's Cycles is as follows:

March 4:

Debit Inventory $9,000

Credit Accounts Payable $9,000

To record the purchase of bicycles and accessories, terms 3/10, n/30.

What are the journal entries?

Journal entries are the accounting records kept by an entity about its daily transactions.

Journal entries identify the accounts involved in each transaction and whether they will be debited or credited.

Learn more about recording journal entries at https://brainly.com/question/17201601

Wolfgang Kitchens has always used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of 2024, Wolfgang decided to change to the LIFO method. Net income in 2024 was correctly stated as $90 million. If the company had used LIFO in 2023, its cost of goods sold would have been higher by $7 million that year. Company accountants are able to determine that the cumulative net income for all years prior to 2023 would have been lower by $23 million if LIFO had been used all along, but have insufficient information to determine specific effects of using LIFO in 2022. Last year, Wolfgang reported the following net income amounts in its comparative income statements:

Answers

If Wolfgang Kitchens has always used the FIFO inventory costing method for both financial reporting and tax purposes. the journal entry at the beginning of 2024to record the change in accounting principle is: Debit, Retained earnings  $30 million, Credit Inventory $30 million.

How to prepare the journal entry?

If  cost of goods sold increase by $7 million that year in which the  cumulative net income for all years have been lower by  the amount of $23 million , The appropriate journal entry to record the transaction is :

Wolfgang Kitchens Journal entry

Debit Retained earnings  $30 million

Credit Inventory $30 million

($23 million + $7 million)

( To record the change in accounting principle)

Therefore the journal entry is Debit Retained earnings  $30 million, Credit Inventory $30 million.

Learn more about journal entry here:https://brainly.com/question/28390337
#SPJ1

The complete question is:

Wolfgang Kitchens has always used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of 2024, Wolfgang decided to change to the LIFO method. Net income in 2024 was correctly stated as $90 million. If the company had used LIFO in 2023, its cost of goods sold would have been higher by $7 million that year. Company accountants are able to determine that the cumulative net income for all years prior to 2023 would have been lower by $23 million if LIFO had been used all along, but have insufficient information to determine specific effects of using LIFO in 2022. Last year, Wolfgang reported the following net income amounts in its comparative income statements:

($ in millions) 2021 2022 2023

Net income $90 $92 $94

Prepare the journal entry at the beginning of 2024to record the change in accounting principle. (Ignore income taxes.)

What does it mean to become a master adaptive learner and why is this
important?

Answers

Answer:

Hi

Explanation:

A master adaptive learner is someone that uses an approach to self-regulated learning that leads to development. This is important because this can give you a growth mindset and motivation.

The ABCD Partnership has the following balance sheet at January 1, 2017, prior to the admission of new partner, Eden. Cash and current assets $ 39,000 Liabilities $ 52,000 Land 234,000 Adams, capital 26,000 Building and equipment 130,000 Barnes, capital 52,000 Cordas, capital 117,000 Davis, capital 156,000 Total $ 403,000 Total $ 403,000 Eden acquired a 20% interest in the partnership by contributing a total of $71,500 directly to the other four partners. Goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: Adams, 15%; Barnes, 35%; Cordas, 30%; and Davis, 20%. After Eden made his investment, what were the individual capital balances

Answers

Answer:

Adam = $26,000, Barnes = $52,000, Cordas = $117,000, Davis = $156,000 & Eden = $87,750

Explanation:

Net Assets before admission of Eden= $403,000-$52,000 (liabilities) = $351,000. So, this will be 80% i.e (100-20%) after admission of Eden. So, proportionate value = $351,000/80*100 = $438,750

Net assets after admission of Eden = $351,000 + $71,500 = $422,500. So, the difference = $438,750 - $422,500 = $16,250

Goodwill = Eden's proportionate share - Invested Money

Goodwill = [$438,750*20%] - $71,500

Goodwill = $87,750 - $71,500

Goodwill = $16,250

Journal Entry will be:

Cash a/c Dr                $71,500

Goodwill a/c Dr          $16250

To Eden's capital a/c                 $87,750

Individual capital account balances:

Adam = $26,000

Barnes = $52,000

Cordas = $117,000

Davis = $156,000

Eden = $87,750

Another view of leadership focuses on a continuum of behavior ranging from a type of leadership with a formal hierarchy and power emanating from the top down to the other end of the range where: Select one: a. leaders seek sole possession of power and control. b. leadership is distributed among, and stems from, team members. c. those lowest in the organization have the most power due to threats and sabotage. d. a heavy leadership commitment toward bureaucracy and task monitoring.

Answers

Answer:

b

Explanation:

leadership is distributed among, and stems from, team members.

Leadership is distributed among and stems from, team members.

The answer is option B.

What are leadership skills?

Leadership skills can be described as moves or a collection of moves used to force or guide groups and peers to success. They recognize how to manage, have an effect on, and encourage all of us in their group. They recognize a way to deal with difficult situations and hold their teams engaged and centered.

Who is a good leader?

There are a number of vast expertise regions which might be particularly critical for leaders. Those encompass strategic wondering, making plans and delivery, people control, alternate management, verbal exchange, persuasion, and impact. Consequently, they may be known as right leaders.

Learn more about Leadership skills here: brainly.com/question/25996547

#SPJ2

function of the HR manager is concerned with employing people who
possess the necessary skills, knowledge, and aptitude
O Procurement
Development
O Motivation and compensation
STOS DE
TREI
O Integration​

Answers

Answer:

Integration.

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Thus, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.

The function of the HR manager that is concerned with employing people who possess the necessary skills, knowledge, and aptitude is known as integration. This is usually achieved through a recruitment process, which typically involves advertising a vacant position and accepting applications (resumes) from applicants who meet the minimum requirements.

Question
A business operates based on a mark-up on cost of 40%. If opening inventory was GHC 5,000, sales were
GHC 98,000 and purchases were GHC 71,200, calculate the value of closing inventory.
A. GHC 70,000
B. GHC 68,600
C. GHC 29,400
D. GHC 6,200

Answers

Answer:

c 29,400

Explanation:

it the least number that Can you divide

A benefit paid for a limited time to eligible workers who are involuntarily unemployed is known as:

Answers

A benefit paid for a limited time to eligible workers who are involuntarily unemployed is known as: unemployment insurance.

Match each CRM technique with its description
-RFM
-loyalty programs
-clickstream analysis

offers discounts or free items to customers
who keep coming back
calculates a customer's most recent visit,
the frequency of visits, and annual spending
discovers through data mining what customers
have in common to predict behavior
tracks every image, link, or object that
a customer clicks
clustering

Match each CRM technique with its description-RFM-loyalty programs-clickstream analysisoffers discounts

Answers

A loyalty program is a type of marketing strategy that aims to keep customers coming back to a business or using its services.

What precisely is RFM examination (recency, recurrence, and money related)?

RFM analysis is a marketing strategy that uses a quantitative ranking and grouping of customers based on the recency, frequency, and monetary total of their most recent transactions to identify the best customers and carry out targeted marketing campaigns.

What levels of clickstream investigation are there?

Clickstream investigation, which is a kind of Web examination (see a different section), is the following and examination of site visits. Clickstream investigation ordinarily screens and measures site movement by using the Internet server log records, regardless of the way that there are different techniques for gathering this information.

Two levels of clickstream analysis are possible: traffic analysis and an examination of online businesses.

tracks each image, link, or object clicked by a customer- clickstream analysisgives away free or discounted items to repeat customers.- loyalty programsdetermines a customer's most recent visit, the number of visits, and the amount spent annually- RFMuses data mining to discover what customers- clustering

Learn more about RFM analysis: https://brainly.com/question/28537349

#SPJ1

Shoprite environmental impact on people

Answers

ShopRite impacts the environment by reducing harm to the environment and creating job in the recycling sector.

What is an environment?

It should be noted that an environment simply means the surrounding where an organism lives.

At ShopRite, plastics wastes that are generated are recycled into carrier bags. This helps in reducing harm to the environment.

Learn more about environment on:

brainly.com/question/17413226

#SPJ1

Wilson is expected to work 40 hours each week, be in the office for critical meetings, and to meet all agreed-upon deadlines. His manager, however, allows him to work flexible hours that best fit his personal commitments. This is an example of

Answers

Answer:

Employee empowerment

Explanation:

From the question we are informed about Wilson who is expected to work 40 hours each week, be in the office for critical meetings, and to meet all agreed-upon deadlines. His manager, however, allows him to work flexible hours that best fit his personal commitments. In this case, This is an example of Employee empowerment.

Employee empowerment can be regarded as ways organization serve he employees in that organization some certain degree of autonomy as well as control in daily activities. This could be allowing employee to have voice in improvement and others.

This is an example of employee empowerment.

Employee empowerment is a social process that takes place in the workplace, through which employees begin to acquire greater benefits than those mentioned when hiring.

Thus, employees are equated with bosses in terms of the flexibility of their demands within the company, as long as they fulfill their tasks efficiently.

Learn more in https://brainly.com/question/10699815

When buying a home, it is important to factor in future costs, like ___________.
a.
Realtor fees
b.
Down payment
c.
Utility costs
d.
Closing fees

Answers

Answer: Almost positive it’s C. Utility costs

When buying a home, it is important to factor in future costs, like utility costs. Thus, option (c) is correct.

What is the cost?

The term cost refers to the actual money are spent on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add. The all expenses are added to identify the cost.

Utility costs refer to the disbursals subjected by using utilities such as physical phenomenon, water, waste material disposal, heating, and sewerage. These costs are associated with ongoing telephone and internet services as well. The future cost also like the utility cost.

As a result, the significance of the important to factor in future costs, are the aforementioned. Therefore, option (c) is correct.

Learn more about on costs, here:

https://brainly.com/question/30045916

#SPJ3

If a process only has random variations, then 95.5% of the time the sample averages will fall within approximately

1 standard deviation of the population mean

2 standard deviation of the population mean

3 standard deviation of the population mean

4 standard deviation of the population mean

Answers

The answer is 3 standard deviation of the population mean

How do family environment influence moral development during adolescence?

Answers

Answer:

Explanation:

In the family environment, children come to consider their actions not only in terms of justice but also in terms of emotional needs. Children learn the value of social support from their families and develop motivations based on kindness, generosity, and empathy, rather than on only personal needs and desires.

Answer:

In the family environment, children come to consider their actions not only in terms of justice but also in terms of emotional needs. Children learn the value of social support from their families and develop motivations based on kindness, generosity, and empathy, rather than on only personal needs and desires.

Explanation:

How does the devaluation and appreciation of the local currency effect to balance of payment, analyze for each component

Answers

Answer: Balance of payment will worsen due to devaluation.

Explanation: The balance of payments refers to the balance of supply and demand for a country's currency in the foreign exchange market. Devaluation will make local currency weaker and foreign currency stronger.  Therefore less demand for local currency in the foreign market. The imports will become expensive, more amount of local currency will be paid as it is weaker. The exports will become cheaper, more amount of local currency will be received as foreign currency is stronger than it.

Vise Versa for appreciation.

Is a measurement of the way suppliers respond to a change in price

Answers

Answer:

Elasticity

Explanation:

Elasticity of supply is a measure of the way suppliers respond to a change in price.  

Good Luck!

he following transactions are for Alonzo Company.

1. On December 3, Alonzo Company sold $500,000 of merchandise to Artis Co. on account. The cost of the merchandise sold was $330,000.
2. On December 8, Artis Co. returned $25,000 of merchandise purchased on December 3. The cost of the goods was $16,000.
3. On December 13, Alonzo Company received the balance due from Artis Co.


Prepare a tabular summary to record these transactions for Alonzo Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Assets
=
Liabilities
+
Stockholders' Equity
Retained Earnings
Date
Cash
+
Accts.
Rec.
+
Inventory
=
Accts.
Pay.
+
Common Stock
+
Rev.
-
Exp.

Answers

Answer:

1. Dec. 3

Dr Account Receivable $500,000

Cr Sales Revenue $500,000

Dr Cost of goods sold $330,000

Cr Inventory $330,000

2. Dec. 8

Dr Sales Returns and Allowances $25,000

Cr Accounts Receivable $25,000

3. Dec. 13

Dr Cash $470,250

Cr Sales Discounts $4,750

Cr Accounts Receivable $475,000

Explanation:

Preparation of a tabular summary to record these transactions for Alonzo Company using a perpetual inventory system

1. Dec. 3

Dr Account Receivable $500,000

Cr Sales Revenue $500,000

(To record the sales on account)

Dr Cost of goods sold $330,000

Cr Inventory $330,000

(To record the cost of goods sold)

2. Dec. 8

Dr Sales Returns and Allowances $25,000

Cr Accounts Receivable $25,000

(To record the Sales return and allowance)

3. Dec. 13

Dr Cash $470,250

($475,000 - $4,750)

Cr Sales Discounts $4,750

[($500,000 - $25,000) * 1%]

Cr Accounts Receivable $475,000

($500,000 - $25,000)

(To record the balance due from Arte Co.)

What is VidxTra by Ekeocha Roland?

Answers

The VidxTra by Ekeocha Roland is a brand new technology that creates high converting videos and video pages.

What is technology?

Technology refers to the tools, methods, techniques, and systems that are developed and used to solve problems, accomplish tasks, or achieve specific goals.

It includes both physical and non-physical products and services, such as machines, software, networks, and information. Technology has been an essential part of human history and has played a crucial role in shaping our societies and cultures.

The VidxTra by Ekeocha Roland is a brand new technology that creates high converting videos and video pages.

Learn more about technology here:

https://brainly.com/question/13044551

#SPJ1

Oakdale Fashions, Inc.’s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)

Oakdale Fashions, Inc.s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent

Answers

a) The firm's 2021 tax liability was $35,595.

b) The firm's 2021 net income was $133,905.

c) The firm's 2021 average tax rate was 21%.

d) The firm's 2021 marginal tax rate was 21%, same as the average tax rate because companies are subject to a flat federal tax rate of 21%.

What is the tax liability?

The tax liability of a firm is the product of the average tax rate and the earnings before tax.

The net income is the difference between the earnings before tax and the tax liability.

Oakdale Fashions, Inc., Income Statement for 2021

Net sales (all credit)                                      $640,000

Less: Cost of goods sold                               245,000

Gross profits                                                 $395,000

Less: Other operating expenses                   120,000

EBITDA                                                         $275,000

Less: Depreciation and amortization              18,000

EBIT                                                              $257,000

Less: Interest                                                    87,500

EBT                                                               $169,500

Less: Taxes                                                   $35,595 ($169,500 x 21%)

Net income                                                  $133,905 ($169,500 - $35,595)

Learn more about corporate tax liabilities at https://brainly.com/question/16950901.

#SPJ1

Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $42,000 and a remaining useful life of 4 years, at which time its salvage value will be zero. It has a current market value of $52,000. Variable manufacturing costs are $33,300 per year for this machine. Information on two alternative replacement machines follows:
Alternative A Alternative B
Cost $121,000 $113,000
Variable manufacturing costs per year $22,500 $10,200
Required:
1. Calculate the total change in net income if Alternative A is adopted. (Cash outflows should be indicated by a minus sign.)
ALTERNATIVE A: INCREASE OR (DECREASE) IN NET INCOME
Cost to buy new machine
Cash received to trade in old machine
Reduction in variable manufacturing costs
Total change in net income $0
2. Calculate the total change in net income if Alternative B is adopted. (Cash outflows should be indicated by a minus sign.)
ALTERNATIVE B: INCREASE OR (DECREASE) IN NET INCOME
Cost to buy new machine
Cash received to trade in old machine
Reduction in variable manufacturing costs
Total change in net income $0
3. Should Xinhong keep or replace its manufacturing machine? If the machine should be replaced, which alternative new machine should Xinhong purchase?
Chose below:
(a) Keep the manufacturing machine.
(b) Alternative A.
(c) Alternative B.

Answers

Answer: Check attachment

Explanation:

1. Calculate the total change in net income if Alternative A is adopted.

The answer is -$25800. Check attachment for further explanation.

2. Calculate the total change in net income if Alternative B is adopted.

The answer is $31400. Check attachment for further explanation.

3. Should Xinhong keep or replace its manufacturing machine? If the machine should be replaced, which alternative new machine should Xinhong purchase?

The machine should be replaced with alternative B has it generates a change in net income by $31400.

Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value

Which law is referred to as the credit cardholders Bill Of Rights ?

Which law is referred to as the credit cardholders Bill Of Rights ?

Answers

Answer: credit CARD act

Hope this helps!!!

A) Fair and Accurate Credit Transaction Act

Other Questions
See the picture first, thank you.QUESTIONS::1. Does each graph represent a linear function? Why?2. What is the domain of the first graph? second graph?3. What is the range of the first graph? second graph? which document or institution had the most influence on the development of the united states Which pair of angles are vertical angles? O ZWRU and ZSRT O ZWRS and ZVRT O XVRU and ZTRS O ZVRT and ZSRT The introduction of DDT (dichlorodiphenyltrichloroethane) and other ____________ pesticides into agriculture after World war II changed pest control and food production using the 3rd matrix article, write short paragraph identifying at least 3 connections between the philosophy of karl marx and the matrix. New York Times vs the United States a(n) _____ is a commitment with certain terms made to another party. The alteration of enzyme structure on binding of a substrate to an active site is referred to as. True or falsethe triangles show below must be congruent Simplify 2 radical 7 - 4 radical 3 At the stoichiometric (equivalence) point in a titration of benzoic acid with naoh(aq) shown by equation 3, the ph is:_______ Before 1763, why was it difficult for Britain to enforce its taxes on trade? The governments enforcement was often minimal because the costs of enforcing the tax often surpassed the revenue generated from them Colonists often bribed corrupt customs officials to look the other way when it came to enforcing the law Smugglers brought to trial were often acquitted by local American juries All answers are correct what was the approach of the moderate of india leaders towards the british Please help me out for this question. chen j, lu h, yan d, cui f, wang x, yu f, xue y, feng x, wang j, wang x, jiang t, zhang m, zhao s, et al. pak6 increase chemoresistance and is a prognostic marker for stage ii and iii colon cancer patients undergoing 5-fu based chemotherapy. oncotarget. 2015; 6:355367. doi: 10.18632/oncotarget.2803. Return on investment ratio measures the ability of a firm to: generate profits on sales. reward its shareholders. generate net income through the use of assets. reward its shareholders and the providers of long term debt. cover the long-term debt. Conduct a brief research on Data ManagementPlan (DMP) and provide a 1-page summary ofyour findings. Remember to include citationswhere necessary. Which sentiment below reflects John Quincy Adams's feelings on the MissouriCompromise.a.) if the union does split slavery will be the causeb.) willing to endanger the union and possibly cause it to split c.) condemning the Missouri compromise because it is not the best solution we can create under the constitutiond.) The controversy of slavery is at its worst The friend who changed my life how does MaryLous attitude emphasize the central idea of the passage? Find the probability of being dealt a holdem hand with twohearts. What is the probability of flopping a flush given that youhave 2 hearts? (Express as % and round to 2 digits)