Answer:
The answer is: Jamison has $175 in taxes due.
Explanation:
To determine the amount of taxes that Jamison still has to pay, we can use the following formula:
Taxes due = tax liability - (taxes withheld by employer + tax credits)
Taxes due = $7,200 - ($4,400 + $2,625) = $7,200 - $7,025 = $175
Jamison has $175 in taxes due.
Answer:
(i) The farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units
(ii) The farm cannot cover its revenue using its total variable cost, therefore the farm will shut down
(iii) The two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200)
Explanation:
(i)According to given data, When output is 200 but price is $20, this price is equal to ATC, so the farm breaks even. But since this price is higher than AVC of $15, the farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units.
(ii) When output is 200 but price is $12, this price is equal to ATC, so the farm makes economic loss. Also, this price is lower than AVC of $15, so the farm cannot cover its revenue using its total variable cost, therefore the farm will shut down.
(iii) The farm's supply curve is the portion of its Marginal cost (MC) curve above the minimum point of AVC. Since price equals MC, the two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200).
The answer in the space provided is second. The diminishing
returns set happens when there is an increase with the input variable and by
this, it will likely cause the output to decrease as the marginal increase and
in the same time, other inputs remains to be in constant.
Answer:
$10,965
Explanation:
Computation for the dollar value of the ending inventory under variable costing
First step is to find the Units in ending inventory
Using this formula
Units in ending inventory = Units in beginning inventory + Units produced−Units sold
Let plug in the formula
Units in ending inventory= 0 units + 4,900 units−4,050 units
Units in ending inventory = 850 units
Last step is to find the Value of ending inventory under variable costing
Using this formula
Value of ending inventory under variable costing = Unit in ending inventory × Variable production cost
Let plug in the formula
Value of ending inventory under variable costing= 850 units × $12.90 per unit
Value of ending inventory under variable costing = $10,965
Therefore the dollar value of the ending inventory under variable costing would be $10,965
Answer:
The options for this question are the following:
a. vestibule training
b. management development programs
c. performance appraisals
d. orientation programs
The correct answer is c. performance appraisals
.
Explanation:
Performance appraisal is a structural and systematic procedure to measure, evaluate and influence attributes (eg cooperation in teamwork and loyalty), behaviors (eg level of assistance and treatment given to clients) and work-related results (eg quantity and quality of the fruits of work), in order to discover to what extent the employee is productive and whether he will be able to improve his future performance. The performance evaluation process plays a monitoring role in order to:
- To provide management with information to make decisions regarding the future development of the employee, by identifying and preparing, through training and improvement programs, the most suitable candidates so that they can assume a greater number of responsibilities.
- Establish the relative value of a subject's contribution to the company and evaluate individual achievements.
- Provide general data on the expected performance of employees.
- Structure the dialogue between superior and subordinate, forcing superiors to improve knowledge of the subordinate's job.
- Be the basis to distribute the remuneration, rewards, bonuses and determine the levels \ salary increases.
