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3 years ago

The principal functions of management are ___.

Business

1 answer:

Svetradugi [14.3K]3 years ago

8 0

Four different major functions are planning, organizing, leading and controlling.

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Quantitative Problem: Jenna is a single taxpayer. During 2018, she earned wages of $113,000. She doesn't itemize deductions, so

noname [10]

Solution :

Item Amount

Income $113,000

Personal exemption for one $ 4,050

Standard deduction $ 6,350

Taxable income $102,600

Therefore the taxable income is $102,600.

Now the tax payable on the taxable income is given by :

Marginal tax rate Amount brackets

10% $0 - $ 9,325

15% $ 9,326 - $ 37,950

25% $ 37,951 -$ 91,900

28% $ 91,901 - $ 191,650

Now according to the above taxable slab, the amount of tax on the wages earned by Jenna is :

Tax payable = $= (0.1 \times 9325)+(0.15 \times (37950 - 9325))+(0.25 \times (91900 - 37950))+(0.28 \times (102600-91900))$ $= (0.1 \times 9325)+(0.15 \times 28625)+(0.25 \times 53950)+(0.28 \times 10700)$

= 932.5 + 4293.75 + 13487.50 + 2996

= $ 21,709.75

There is also a long term capital gain of $ 5,200 that is earned by selling the common stock.

Now as per IRS, the capital gain of a long term tax percentage for an individual single filer is in 28% tax slab category is 15%.

Therefore the tax on the capital gain of $ 5,200 is = 0.15 x 5200

= $780

Thus the total tax payable by Jenna is = $ 21,709.75 + $ 780

= $ 22,489.75

5 0

3 years ago

In its first year of operations, Ivanhoe Company recognized $31,600 in service revenue, $7,700 of which was on account and still

Feliz [49]

Answer:

a) Calculate the first year’s net earnings under the cash basis of accounting, and accrual basis of accounting.

cash basis accrual basis

total revenue $23,900 $31,600

operating expenses $12,010 $16,100

prepaid insurance $2,690

net earnings $9,200 $15,500

b) the accrual basis always provides more useful information because transactions are recorded when they actually occur, not when cash flows (collections or payments) are directly associated to them. This is why the IRS only allows cash basis accounting for certain small businesses or sole proprietorships.

4 0

3 years ago

6. Describe a real or made up example of a contract that includes consideration. (1-5 sentences

snow_lady [41]

Answer:

m,cmcmm

Explanation:

3 0

4 years ago

yanalaym [24]

Answer:

Y = 6.82X + 199.43

Predictions

Y(16) = 308.55

Y(17) = 315.37

Y(18) = 322.19

Y(19) = 329.01

Explanation:

From the data given:

The linear trend equation obtained by fitting the data using technology is :

Y = 6.82X + 199.43

Where, the slope = 6.82

Intercept = 199.43

Making predictions :

Period 16

x = 16

Y = 6.82(16) + 199.43 = 308.55

x = 17

Y = 6.82(17) + 199.43 = 315.37

x = 18

Y = 6.82(18) + 199.43 = 322.19

x = 19

Y = 6.82(19) + 199.43 = 329.01

5 0

3 years ago

Suppose the following information is available for Callaway Golf Company for the years 2022 and 2021. (Dollars are in thousands,

MrRissso [65]

Answer:

2022 2021

EPS $1.12 $0.99

Explanation:

EPS = NET INCOME / no of shares outstanding

= $75801000/68000000 =1.12 (2022)

= $68855000/ 69820000= 0.99 (2021)

3 0

3 years ago