The taxes imposed under the social security act consist of:
1 answer:
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Answer:
And we can solve for y and we got:
And using condition (1) we can solve for x and we got:
So then the minimum cost for this case would be:
Explanation:
For this case the graph attached illustrate the problem for this case
We know that the total area is 60000, so then we have:
If we solve for x we got:
(1)
Now we can define the cost function like this:
We can use the condition (1) and if we replace in the cost function we have:
Since we need to minimize the cost, we can derivate the function in terms of y and we got:
And we can solve for y and we got:
And using condition (1) we can solve for x and we got:
So then the minimum cost for this case would be:
Answer:
Cost of Goods Sold is = $697213.44
Explanation:
given data
depreciation expenses = $28,900
sales = $755,000
retained earnings = $10,200
paid interest = $6,200
dividends = $5,000
tax rate = 33 percent
solution
first we get here EBIT that is express as here
EBIT = Earnings for equity holders + Tax + Interest ...............1
Earnings for equity holders = Dividend Paid + retained earnings
Earnings for equity holders = $5,000 + $10,200 = $15200
here Tax is = × 33 = 7486.56
so here EBIT = $15200 + $7486.56 + $6,200
EBIT = $28886.56
so Cost of Goods Sold is = sales - depreciation - EBIT ..................2
Cost of Goods Sold is = $755,000 - $28,900 - $28886.56
Cost of Goods Sold is = $697213.44