Answer:
$14620 is collected as tax for a property of $860,000
Explanation:
Let the tax rate on every property in Tacoma be x%. A property worth $430,000 was taxed $7,310. This implies that:
multiplying through by 100 we get:
Dividing through by 430000 to get:
x = 1.7%
Therefore the tax rate in Tacoma is 1.7%.
Since all tax rate is proportional, for a property of $430,000 the tax is $7,310, for a property of $860,000 let the tax be $y
Therefore 
This means that $14620 is collected as tax for a property of $860,000
Answer:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Explanation:
Giving the following information:
The weighted average contribution margin for all three products is $3.05 per unit. ABC's total fixed costs are $35,000
<u>With the information provided, we can only calculate the break-even point in units for the whole company using the following formula:</u>
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 35,000/3.05
Break-even point (units)= 11,475
<u>Now, imagine the following sales mix:</u>
X= 0.25
Y=0.40
Z=0.35
<u>We can determine the number of units for each product:</u>
X= 11,475*0.25= 2,869
Y= 11,475*0.4= 4,590
Z= 11,475*0.35= 4,016
Answer:
The standard direct labor rate per hour is 1.3 hours
Explanation:
For computing the standard direct labor rate per hour, we have to use the equation which is shown below:
= Standard production time + allowance for rest periods + setup time
where,
Standard production time is 1 hour per unit
Allowance for rest period is 0.2 hours
Setup time is 0.1 hours
Now put these values to the above formula
So, the answer would be equal to
= 1 hour per unit + 0.2 hours + 0.1 hours
= 1.3 hours
The other information which is given in the question is irrelevant. Thus, it is ignored and therefore, it is not consider in the computation part.
Hence, The standard direct labor rate per hour is 1.3 hours
Answer: 5.36%
Explanation:
The after-tax cost of debt refers to the interest that is paid on debt which is then less the income tax savings as a result of the deductible interest expenses.
When calculating the after-tax cost of debt, the effective tax rate of a company should be subtracted from 1, after which the difference will be multiplied by the cost of debt. This will therefore be:
= Rate (10,8% × 1000, -960 + 20, 1000) × (1-40%)
=5.36%
Answer:
Total Assets=$13,500
Explanation:
Assets are items which are used by any company or firm for positive economic value production.
In our problem, we have to find total assets.
Given Data:
Accounts Receivable=$800
Equipment=$10,000
Accounts Payable=$4,200
Prepaid Rent=$2,000
Supplies=$400
Bank Loan=$1,600
Tools= $300
Total Assets=Accounts Receivable+Equipment+Prepaid Rent+Supplies+ Tools
Total Assets=$800+$10,000+$2,000+$400+$300
Total Assets=$13,500
