What is the 2016 repayment limitation for a single taxpayer who has income at a 350% poverty level?

Cane company manufactures two products called alpha and beta that sell for $225 and $175, respectively. each product uses only o

tester [92]

Answer:

The special order should be rejected since it decreases net profit.

Explanation:

Alpha = $225

Beta = $175

total production capacity = 130,000 pounds

raw materials = $6 per pound

Production costs per unit Alpha Beta

direct materials $42 $24

direct labor $42 $32

variable manufacturing overhead $26 $24

fixed manufacturing overhead $34 $37

variable selling expenses $31 $27

<u>common fixed expenses $34 $29 </u>

total cost per unit $209 $173

Cane expects to sell 114,000 Alphas.

Net profit = (114,000 x $225) - (114,000 x $209) = $25,650,000 - $23,826,000 = $1,824,000

If the new sales order is accepted, Cane's revenue will increase to:

101,000 x $225 = $22,725,000
29,000 x $156 = $4,524,000
total = $27,249,000

Their total cost will by:

114,000* x $209 = $23,826,000
16,000 x ($209 - $34 avoidable fixed costs) = $2,800,000
total = $26,626,000

*This sale increases the output, but previous costs cannot be avoided.

Net profit with special order = $27,249,000 - $26,626,000 = $623,000

The special order should be rejected since it decreases net profit.

6 0

2 years ago

sarah Jones wants to deposit $2,000 per year into an account earning 4 percent for the next 3 years, so she can purchase a used

andre [41]

Answer:

Compounding formula would be used here which is as under:

Future Value = Present value * (1+r)^n

FV = (PV is $2000) * ( 1 + 4%)^ 3 number of years

Remember that r is the return that is 4% that Sarah Jones will receive.

So

FV = $2250

So this is the amount that she will receive after three years. I would recommend her to invest in ordinary shares (take higher risk for higher return) so that she is able to buy a better car.

5 0

3 years ago

Jackson Co. began the year with $20,000 in inventory. During the year, the company purchased $80,000 worth of inventory. At the

Irina-Kira [14]

Answer:

The total cost of goods sold = $70,000

Explanation:

Given:

Initial inventory at the start of the year for Jackson Co. = $20,000

Total cost of purchases made during the year = $80,000

Inventory remaining at the end of the year = $30,000

Solution:

Total inventory for Jackson Co. during the year = $\$20,000+\$80000= \$100,000$

Inventory remaining at the end of the year = $30,000

The cost of the goods sold can be calculated by subtracting the remaining inventory from the total inventory.

Thus, cost of goods sold can be given as :

⇒ $\$100,000-\$30,000$

⇒ $\$70,000$

The total cost of goods sold = $70,000

8 0

3 years ago

The meaning of the “To cash (Tax paid)” entry posted in the Provision for taxation account is

Yanka [14]

Answer:

(a) Last year taxation is paid through the current year provision

4 0

2 years ago

To be productive in a new job, what can you safely ignore

Andrew [12]

Well, these are the ways u can be productive at a new workplace:
-do the difficult or most important stuff first, then leave the less complicated stuff in the end
-take breaks-sitting 24/7 in ur office desk can be detrimental to ur health-do things u enjoy every one hour or so, such as sipping a black coffee with a light snack or having a quick laugh with ur colleauges, or perhaps u can challenge urself with a game of scrabble. it will change ur life of work struggles and make u mentally and physically happy!!
-don't multitask-u will make ur life more complicated, by completing stuff in a second. don't be paranoid with wotever work u have, the world is not going to end!
-u have innovative thoughts but finding it problematic to execute it? write down some ideas, concepts of how to overcome some work problems or doodle of wot u see ur next digital future like. its not complicated, u just need to be experiment, u never know when a creative idea might rush in.

-i hope i helped:)

4 0

3 years ago