Answer:
$1,200
Explanation:
Based on the U.S. Internal Revenue Service, Harry and Wei can claim a maximum credit of 20% of the $6000 which is a limit of dependent care expenses for 2 or more dependents as imposed by the U.S IRS.
Throughout the year, they pay $3,200 for ABC Day Care Center, $2,000 for Blue Ridge Housekeeping Services, and $1,000 to Mrs. Mason (Harry's mother). Which has a total of $6,200.
Because they cannot claim 20 percent of all child care amount which is $6,200, they can only claim 20 percent of $6,000.
Hence, Harry and Wei can claim:
$6,000 × 20% = $1,200
Therefore Harry and Wei may claim a credit for child and dependent care expenses of $1,200.
Answer:
$460,000
Explanation:
Data provided in the question
Number of shares sold = 100,000 shares
Explicit fees = $60,000
Offering price = $40
And, the increased share price = $44
Now the total cost of the equity issue is
= Number of shares sold × offering price per share + underwriter explicit fees
= 100,000 shares × $40 + $60,000
= $400,000 + $60,000
= $460,000
Answer: Please find answers in explanation column
Explanation:
Given
Qd = 100 - 20P
Qs = 10 + 40P
Price Quantity Quantity Quantity
( Per Dozen) Demanded (Qd) Supplied (Qs)
$ .50 90 30
$ 1.00 80 50
$ 1.50 70 70
$ 2.00 60 90
$ 2.50 50 110
Calculation
at price = $0.50
Qd = 100 - 20P
= 100 - 20 x (0.50) =100-10 =90
Qs = 10 + 40P= 10 + 40 x (0.50)=10+ 20 = 30
at price = $1.00
Qd = 100 - 20P
= 100 - 20 x (1.00) =100-20 =80
Qs = 10 + 40P= 10 + 40 x (1.00)=10+ 40 = 50
at price = $1.50
Qd = 100 - 20P
= 100 - 20 x (1.50) =100-30 =70
Qs = 10 + 40P= 10 + 40 x (1.50)=10+ 60 = 70
at price = $2.00
Qd = 100 - 20P
= 100 - 20 x (2.00) =100-40 =60
Qs = 10 + 40P= 10 + 40 x (2.00)=10+ 80 = 90
at price = $2.50
Qd = 100 - 20P
= 100 - 20 x (2.50) =100-50=50
Qs = 10 + 40P= 10 + 40 x (2.50)=10+ 100 = 110
Answer:
Variable cost=$750,000
Fixed costs= $13,000
Explanation:
Giving the following information:
The firm must purchase $60 in raw meat and pay $50 in wages for labor and $40 in fuel costs. Also, the firm rents a factory for $10,000 per month and makes 3,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 5,000 packages of meat per month.
Variable cost= raw meat + wages + fuel= (60 + 50 + 40)*5,000= $750,000
Fixed costs= rent + packaging equipment= 13,000
Answer:
b. $23,350
Explanation:
The computation of final balance in fatal work-in-process inventory is presented with the help of spreadsheet as attached below:-
The formula is presented below:-
Amount of Over-allocated Overheads = Percentage of overhead applied × Over-allocated Overheads
Account Balance after = Account Balance before - Amount of Over-allocated Overheads
Therefore the correct answer is b. that is $23,350
