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Alex17521 [72]
3 years ago
8

Will Jones, Pharoah is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a

$486 annual fee plus $11 per tax return for a license to use Mega Tax software.
(a) What is the company’s total annual cost for the Mega Tax software:
i. if 316 returns are filed?
ii. If 408 returns are filed?
iii. If 524 returns are filed?
Total cost for 316 returns $ ______
Total cost for 408 returns $ _______
Total cost for 524 returns $ _______
Business
1 answer:
Reika [66]3 years ago
6 0

Answer:

Total cost for 316 returns $3,962

Total cost for 408 returns $4,974

Total cost for 524 returns $6,250

Explanation:

The total cost incurred by Pharoah with the Mega Tax software is given by the fixed cost of $486, referring to the annual fees, added to the cost per tax return of $11 multiplied by the volume of returns filed (n):

C= \$486+(\$11*n)

i. if 316 returns are filed?  (n = 316)

C= \$486+(\$11*316)\\C=\$3,962

ii. If 408 returns are filed?  (n = 408)

C= \$486+(\$11*408)\\C=\$4,974

iii. If 524 returns are filed? (n = 524)

C= \$486+(\$11*524)\\C=\$6,250

Total cost for 316 returns $3,962

Total cost for 408 returns $4,974

Total cost for 524 returns $6,250

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What policy governs flextime?

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6 0
1 year ago
Consider a single factor APT. Portfolio A has a beta of 2.0 and an expected return of 19%. Portfolio B has a beta of 1.0 and an
Aleksandr-060686 [28]

Answer:

Invest 50% in portfolio A and the rest 50% in risk-free asset to create Portfolio D, we will have the same systematic risk as that of Portfolio B.

The expected return of Portfolio D = 11%

Portfolio D and Portfolio B have the same beta of 1.0. But, portfolio D has a higher return of 11% as compared to the expected return of Portfolio B of 8%.

Buy Portfolio D, and sell Portfolio B.

Explanation:

A risk free asset is referred to an asset that provides a virtually guaranteed return and no possibility of loss.

Risk-free asset has a beta of 0.

Portfolio D Beta = Wa × Portfolio A Beta + Wb × Risk-free asset beta

1.0 = Wa * 2.0 + Wb * 0

Wa = 1.0/2.0

Wa = 0.50

If we invest 50% in portfolio A and the rest 50% in risk-free asset to create Portfolio D, we will have the same systematic risk as that of Portfolio B.

The expected return of Portfolio D = 0.50 × 0.19 + 0.50 ×0.03

The expected return of Portfolio D = 0.11

The expected return of Portfolio D = 11%

Portfolio D and Portfolio B have the same beta of 1.0. But, portfolio D has a higher return of 11% as compared to the expected return of Portfolio B of 8%.

Buy Portfolio D, and sell Portfolio B.

7 0
2 years ago
One way to make it easier to track your progress toward success is A. offer stock to the public. B. improve your product. C. to
jok3333 [9.3K]
The correct option is D.
To progress in life and to achieve one's desires one has to set short and long term achievable goals which will drive one toward one's desires.
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7 0
3 years ago
Read 2 more answers
What is the rate of return when 20 shares of Stock A purchased for \$30/share , are sold for $710? The commission on the sale is
nikklg [1K]

Answer:

ROI=17.33%

Explanation:

the rate of return = Net gain/ initial investments x 100 %

Net gains = (selling price  - commissions) -  purchase price

Purchase price = 20 x $30 = $600

Selling price = 710

Commission = $6

ROI ={( 710 - 6) - 600}/ 600 x 100

ROI = 104/600 x 100

ROI= 0.173333 x 100

ROI=17.33%

7 0
2 years ago
The following shows annual production costs and profits at Gauss-Jordan Sneakers, Inc. A - B - C - D Production Costs : 2004 - 2
mars1129 [50]

Answer:

   A                              B              C               D

Production Costs :    2004   -   2005   -   2006

Gauss Grip :             $2,300 -  $2,700  -  $2,900

Air Gauss :                $1,900 -   $2,200 -  $1,700

Gauss Gel :               $2,000 -  $2,500 -  $1,800

Profit :                          2004   -   2005   -   2006

Gauss Grip :             $12,000 - $16,000 - $18,000

Air Gauss :               $10,000 - $14,000 -  $16,000

Gauss Gel :              $11,000  - $16,000 - $14,000

As we know:

Revenue = Cost + Profit

*Proper Matrix format is also attached in the picture with this answer.

Production Costs :    2004  2005  2006

                                  \left[\begin{array}{ccc}2300&2700&2900\\1900&2200&1700\\2000&2500&1800\end{array}\right]

Profit :                         2004  2005  2006

                                \left[\begin{array}{ccc}12000&16000&18000\\10000&14000&16000\\11000&16000&14000\end{array}\right]

Revenue :         2004               2005               2006

                  \left[\begin{array}{ccc}2300+12000&2700+16000&2900+18000\\1900+10000&2200+14000&1700+16000\\2000+11000&2500+16000&1800+14000\end{array}\right]

Revenue :                2004   2005   2006

                             \left[\begin{array}{ccc}14300&18700&20900\\11900&16200&17700\\13000&18500&15800\end{array}\right]

4 0
3 years ago
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