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3 years ago

Decreasing your w-4 allowances will _ the net pay in your paycheck _ your total tax burden

1 answer:

5 0

Decrease, increase
If you claim 0 allowances, the government will take the maximum amount from your check in taxes. This provides for a larger tax return at the end of the year, but also decreases your weekly pay and investment power.

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Shelley wants to cash in her winning lottery ticket. She can either receive six, $193,000 semiannual payments starting today, or

Oxana [17]

Answer:

$1,045,517.95

Explanation:

Data provided in the question:

Semiannual payments = $193,000

Number of semiannual payments, n = 6

Annual interest rate, i = 6% = 0.06

when compounded semiannually = 6% ÷ 2 = 3% = 0.03

Now,

Single Payment = Semiannual payments × PVAF

here,

PVAF = [ 1 - (1 + i )⁻ⁿ ] ÷ i

PVAF = [ 1 - (1 + 0.03 )⁻⁶ ] ÷ 0.03

PVAF = 5.4172

Therefore,

Single Payment = $193,000 × 5.4172

= $1,045,517.95

3 0

4 years ago

Explain how consumer and producer surplus affect economic well-being. When the price of a good or service is – enough, it will e

horrorfan [7]

Answer:

the general welfare will be the sum of consumer surplus and producer surplus.

Explanation:

The consumer and producer surplus assessment serves to measure the overall efficiency of the market, which in turn is associated with overall well-being. An efficient market is one in which both consumers and producers have the incentive to negotiate and effect trade.

Consumer surplus is the difference between the amount he or she is willing to pay and how much he or she actually pays for the product. This surplus is positive when the amount paid is less than the amount for which the consumer would be willing to pay.

Similarly, the producer's surplus is the difference between the market price and the price at which the seller is willing to produce and sell. When the producer's surplus is positive, it means that he sells the product for a price higher than the minimum value that would stimulate him to produce.

Thus, the general welfare will be the sum of consumer surplus and producer surplus.

4 0

4 years ago

Northstar Company uses ABC to account for its chrome wheel manufacturing process.

Gwar [14]

Answer:

Instructions are below.

Explanation:

First, we need to calculate the predetermined overhead rate for each activity:

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

Materials handling= 12,000/3,000= $4 per part

Machine setup= 3,400/10= $340 per setup

Insertion of parts= 48,000/3,000= $16 per part

Finishing= 80,000/2,000= $40 per finishing direct labor hour

Job 420 used 150 parts, required 2 setups and consumed 100 finishing hours.

Job 510 used 500 parts, required 4 setups and consumed 310 finishing hours.

To allocate costs, we need to use the following formula:

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

Job 420:

Materials handling= 4*150= $600

Machine setup= 340*2= $680

Insertion of parts= 16*150= $2,400

Finishing= 40*100= $4,000

Total allocated cost= $7,680

Job 510:

Materials handling= 4*500= $2,000

Machine setup= 340*4= $1,360

Insertion of parts= 16*500= $8,000

Finishing= 40*310= $12,400

Total allocated cost= $23,760

6 0

3 years ago

A company uses a periodic inventory system sells a single product that had a beginning inventory of 5,000 units with a total cos

MAVERICK [17]

Answer:

D) $115,000

Explanation:

beginning 5,000 at cost of $ 35,000

purchase 12,000 at $9 each = $ 108,000

total units available for sale 17,000

ending (4,000)

sold units: 13,000

Under LIFO we first sale the newest units those are the purchased ones.

we will sale the 12,000 purchased unit --> $108,000

13,000 - 12,000 = 1,000 there is still 1000 more unit to sale oso we take themfrom beginning inventory

and 1000 of the beginning inventory:

35,000 / 5,000 x 1,000 = 7,000

total cogs = 108,000 +7,000 = 115,000

6 0

4 years ago

When choosing between bullets or numbered lists in responding to an inquiry, consider whether the order of the items is importan

Oliga [24]

That statement is true
The statement above is considered as one of the most crucial steps to make inquiry responses.
Placing things in order for the bullets or numbered list will make the inquiry response more presentable and easier to consume by the readers

6 0

4 years ago