Which of the following is not a business entity

he following data are to be used for Questions 4 and 5. The parentheses indicate amounts that should be subtracted in the comput

ivann1987 [24]

Answer:

t= 0.4138

Explanation:

First, we need to accommodate the information:

Sales= 10,000

COGS= 6000 (-)

Gross profit= 4000

Operating, selling, general and administrative expenses= 2300 (-)

Net operating income= 1700

Interest= 250 (-)

Earnings before taxes= 1450

TAX= 600 (-)

Net income= 850

t= ?

t= 600/1450= 0.4138

5 0

3 years ago

Agee Storage issued 33 million shares of its $1 par common stock at $21 per share several years ago. Last year, for the first ti

Tpy6a [65]

Answer:

$23 million

Explanation:

Calculation to determine at what amount will Agee’s total paid-in capital decline

First step is to calculate the Cash paid for the first repurchase

Cash paid for the first repurchase = 1 million * 19

Cash paid for the first repurchase = $19 million

Second step is to calculate the Value of first purchase

Value of first purchase = 1 million * 21

Value of first purchase = $21 million

Third step is to calculate the Benefit on first repurchase

Benefit on first repurchase = 21 million - 19 million

Benefit on first repurchase = $2 million

Fourth step is to calculate Cash paid for second repurchase

Cash paid for second repurchase = 1 million * 24

Cash paid for second repurchase = $24 million

Fifth step is to calculate the Value of second purchase = Reacquired shares * Common stock price

Value of second purchase = 1 million * 21

Value of second purchase = $21 million

Last step is to calculate the Decline in total paid-in capital using this formula

Decline in total paid-in capital= Benefit on first repurchase + Value of second purchase

Decline in total paid-in capital = 2 million + 21 million

Decline in total paid-in capital = $23 million

Therefore what amount will Agee’s total paid-in capital decline is $23 million

8 0

2 years ago

5.

rosijanka [135]

195x6=1170, so he will have 1170 dollars in his college fund by senior year

6 0

3 years ago

On January 1, 2022, the Sheridan Company ledger shows Equipment $49,700 and Accumulated Depreciation $18,280. The depreciation r

Lisa [10]

Answer:

revised annual depreciation will be : 13710

Explanation:

After revision the remaining life of equipment shrank down to 2 years, so the depreciation working will be worked out to adjusted the impact of decreasing of useful life.

As per existing information the depreciation charges are calculated as :

(Cost-Salvage Value)/Useful life= (49700-4000)/10 = 4570

Accumulated Depreciation indicates that 4 years have past by (18280/4570)

now remaining years are 6 which will be reduced to 2 after revision so the new working will be as follows:

Remaining Cost :31420 (49700 -18280)

Salvage Value : 4000

Revised Remaining Useful Life : 2

Revised Calculated Depreciation Annual : (31420-4000)/2 = 13710

It can be further verified through simple math also:

Adding annual depreciation of remaining 2 years : 13710 +13710 =27420

Value available for depreciation after salvage value : 31420 -4000= 27420

3 0

3 years ago

Assume you’ve taken a job that pays $15 an hour. You will work 20 hours a week and be paid every two weeks. Perform online resea

STatiana [176]

<u>Answer:</u>Net Bi weekly pay is $519

<u>Explanation:</u>

Calculation of weekly pay

Given

No of hours 20

Per hour pay $15

Weekly pay = 15 x 20

=$300

Payment received is bi weekly so it is $600 for two weeks.

Calculation of bi weekly net pay

Federal income tax rate (600 x 4.87%) $29

State income tax rate (570 x 1.04%) $6

FICA and state insurance taxes (564 x 7.65%) $46

Total deductions $81

Net pay = Bi weekly salary - deductions

=600-81

=$519

Net Bi weekly pay or take home after deductions is $519

4 0

3 years ago

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