Answer: $2100
Explanation:
From the question, we are informed that Oakley Company does not ring up sales taxes separately on the cash register and that the total receipts for February amounted to $32,100 and the sales tax rate is 7%.
The amount that must be remitted to the state for February's sales taxes will be:
= $32,100/(1+7%) × 7%
= $32100/(1 + 0.07) × 0.07
= $32100/1.07 × 0.07
= $2100
<u>C.</u> Satisficer
<h3><u>What is a satisficer?</u></h3>
A decision-making method called satisficing aims for a satisfactory or adequate outcome rather than the best one. Satisficing concentrates on practical effort when faced with tasks rather than exerting maximal effort to achieve the ideal result. This is due to the possibility that pursuing the ideal outcome will result in an unnecessary drain on time, effort, and resources. In order to achieve the first feasible solution that yields minimally acceptable results, the satisficing strategy can involve taking a minimalistic approach. Satisficing reduces the range of options that are taken into account to obtain those objectives, eliminating alternatives that would necessitate more demanding, complicated, or impractical efforts in an effort to produce more ideal outcomes.
Learn more about satisficer with the help of the given link:
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What is the question? i need more details to helpp you properly
Answer:
the company's markup percentage would be computed on the basis of: $45
Explanation:
Absorption Costing Treats Both the <em>Variable</em> and <em>Fixed</em> Manufacturing Costs as Product Costs.Non- Manufacturing Cost are treated as Period Costs or Expenses in period in which they are incurred.
Absorption manufacturing-cost pricing formulas establishes the <em>selling prices</em> of items by adding a <em>mark-up </em>on top of the absorption cost.
<u>Absorption Cost Calculation for Product Costing is as follows</u> :
Variable manufacturing cost $30
Fixed manufacturing overhead $15
Total Cost $45
Answer:
What is Swan’s taxable gain on the distribution of the cottage?
Fair market value of property = 200000
Less: adjusted basis of property= 115000(150000-35000)
Taxable gain on distribution = 85000
What is Swan's current E&P after the distribution on 12/31/13?
Swans current E&P = 300000
Add: taxable gain on distribution = 85000
Less: distribution made = 165000(200000-35000)
After distribution E&P = 220000
What is the taxable dividend to the shareholder (if any)?
Taxable dividend to shareholders = 200000-35000 = 165000
What is the shareholder's basis in the cottage?
Shareholders basis is FMV of property i.e. 200000
