Which two things do benefits tell you about a product

Crane Company incurs the following costs to produce 8500 units of a subcomponent: Direct materials $7140 Direct labor 9605 Varia

Temka [501]

Answer: Net income would increase by $6,230

Explanation:

Cost if offer is not accepted and Crane produces inhouse;

= 7,140 + 9,605 + 10,710 + 16,200

= $43,655

Cost if Crane accepts offer;

Crane could avoid $3,000 of fixed overhead = 16,200 - 3,000 = $13,200

Purchase price = 2.85 * 8,500 units = $24,225

Total cost = 24,225 + 13,200

= $37,425

Difference = 43,655 - 37,425

= $6,230

Income would increase by $6,230.

3 0

2 years ago

In its current year income statement, Cere Co. reported income before income taxes of $300,000. Cere estimated that, because of

Andreas93 [3]

The amount that Cere should report as income tax expense is $84,000.

Income tax expense refers to the amount of taxes owed by a person to the taxing authority.

The Formula for Income tax expense is Taxable income * Effective tax rate.

Given Information

Taxable income = $280,000

Effective Tax rate = 30%

Income tax expense = $280,000 * 30%

Income tax expense = $84,000

Therefore, the amount that Cere should report as income tax expense is $84,000.

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brainly.com/question/13003196

5 0

3 years ago

A sales associate moves from Jacksonville, Florida, to Atlanta, Georgia. The associate continues to be employed by the same brok

-BARSIC- [3]

Answer: The sales associate must notify the DBPR in writing within 60 days regarding her change in residency

Explanation:

The options are:

a. The states associate broker is required to file the change of address on her behalf.

b. The sales associate broker is not required to notify DBPR because she did not change employers.

c. The sales associate must notify the DBPR in writing within 60 days regarding her change in residency.

d. The sales associate must file an application for Georgia real estate license.

From the question, we are informed that a sales associate moves from Jacksonville, Florida, to Atlanta, Georgia. The associate continues to be employed by the same broker, who has an office in Atlanta.

Based on the scenario, the sales associate should let the DBPR be aware that he or she has moved from

Jacksonville, Florida, to Atlanta, Georgia by writing to them within 60 days regarding her change in residency.

6 0

3 years ago

A group of private investors purchased a condominium complex for $4 million. They made an initial down payment of 12% and obtain

jeyben [28]

Answer:

$130,537.34

Explanation:

We apply the formular for calculating present value of annuity to find quarterly payment in this case. Specifically in this calculation, the financing amount is the Present Value (PV), the number of time equal repayment quarterly will be made is n which forms an annuity, the discounted rate is the charged interest rate by loan issuer (r).

What we need to find is how much will equal quarterly equal repayment will be (C).

The formular for finding present value of annuity as shown below:

PV = C x ( [ 1- (1+i)^(-n) ] / i )

where:

PV = the financing amount = $ 4 million x ( 100% - 12%) = $3.52 million

i = 12% /4 = 3%

n = 4 x 14 = 56 ( as the interest rate is compounded quarterly)

by applying PV, i, n, we have C = $130,537.34

8 0

3 years ago

On June 5, 2019 , ABC Inc. instituted a 4-for-1 stock split. Before the split, ABC Inc. had 200,000 shares outstanding with a pr

Amiraneli [1.4K]

Answer:

Post split Shares: 800,000

Post split par value: $42

Explanation:

Given:

Number of out standing shares: 200,000
Price per share: $168

ABC Inc. instituted a 4-for-1 stock split, it means that every holder of 1 share will receive 4 shares. So the total of outs standing stock will be increased 4 time, which is:

200,000*4 = 800,000 shares

The price of a split stock is calculated by dividing the face value of the proposed share:

$168 /4 = $42 per share

So:

Post split Shares: 800,000
Post split par value: $42

8 0

3 years ago