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3 years ago

How much of the federal government's income comes from individual income tax? (1 point)

1 answer:

5 0

The right answer for the question that is being asked and shown above is that: "47 percent." the federal government's income comes from individual income tax is that of 47 percent. This is the correct answer as far as the federal government's income is concerned.

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Foster Industries manufactures 20,000 components per year. The manufacturing cost of the components was determined as follows: D

olasank [31]

Answer:

$25,000 increase

Explanation:

Cost of Manufacturing Amount

Direct Materials $150,000.00

Direct Labor $240,000.00

Inspecting products 60,000 x 0.90 $54,000.00

Providing Power 30,000 x 0.90 $27,000.00

Providing Supervision 40000 x 0.60 $24,000.00

Setting up Equipment 60000 x 0.50 $30,000.00

Moving Materials 20,000 x 0.50 $10,000.00

Total $535,000.00

Buying Cost (20000 x 25.50) $510,000.00

Incremental Saving by Purchase ( $535000-$510000) $25,000.00

3 0

3 years ago

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $48,400.

nasty-shy [4]

Answer:

$3,340

Explanation:

Step 1 : Determine the Depreciation rate

Depreciation rate = Cost - Salvage Value ÷ Estimated Units

Depreciation rate = $0.10

Step 2 : Depreciation Expense

Depreciation Expense = Depreciation rate x units produced

Depreciation Expense = $3,340

Therefore,

the machine's second-year depreciation using the units-of-production method is $3,340

4 0

3 years ago

Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in p

galben [10]

Answer:

See explanation below as attached.

Explanation:

1. Predetermined overhead is 139% of direct labor hour

2. Under applied overhead is $6,200

Please find attached breakdown and solution to question 1, 2, 3, 4 and 5.

5 0

3 years ago

Blossom Company's accounting records show the following for the year ending on December 31, 2017.

LuckyWell [14K]

Answer: $678,220

Explanation:

Given that,

Purchase Discounts = $ 11,000

Freight-in = $15,300

Purchases = $689,020

Beginning Inventory = $55,000

Ending Inventory = $45,600

Purchase Returns and Allowances = $15,100

Cost of goods purchased:

= Purchases + Freight in - Purchase discounts - Purchase returns and allowances

= $689,020 + $15,300 - $ 11,000 - $15,100

= $678,220

4 0

3 years ago

Best Ever Toys just paid its annual dividend of $1.78 per share. The required return is 10.6 percent and the dividend growth rat

lianna [129]

Answer: $20.44

Explanation:

From the question given, we are informed that Best Ever Toys just paid its annual dividend of $1.78 per share and that the required return is 10.6% and the dividend growth rate is 1.23%, then the expected value of this stock five years from now will be:

= [$1.78 × (1 + 1.23%)^6] / (10.6% - 1.23%)

= (1.78 × 1.0123^6)/(10.6% - 1.23%)

= 20.44

The expected value of the stock is $20.44

5 0

2 years ago