Answer:
The total amount invested at 5% is $123,000
The total amount invested at 6% is $390,000
Explanation:
M = amount of money invested at 5%
3M + 21,000 = amount of money invested at 6%
0.05M + 0.06(3M + 21,000) = 29,550
0.05M + 0.18M + 1,260 = 29,550
0.23M = 28,290
M = 28,290 / 0.23 = 123,000
3M + 21,000 = 369,000 + 21,000 = 390,000
Answer:
taxing those with higher incomes results in less work effort.
Explanation:
In normative ethics, utilitarian ethics (utilitarianism) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarian ethics considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarian ethics (utilitarianism) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
One of the problems associated with the utilitarianism is that it does not recognize that taxing those with higher incomes results in less work effort.
Answer:
The correct answer is "$136.44"
Explanation:
According to the question,
Total units will be:
= 
= 
Average cost will be:
= ![\frac{[(10\times 12)+(15\times 14)]}{29}](https://tex.z-dn.net/?f=%5Cfrac%7B%5B%2810%5Ctimes%2012%29%2B%2815%5Ctimes%2014%29%5D%7D%7B29%7D)
= 
= 
= 
($)
hence,
The cost of sale will be:
= 
= 
= 
($)
Answer:
<u>Ebony Interiors</u>
<u>Balance Sheet as at February 28, 20Y3</u>
Total Assets $1,150,000
Total Liabilities $310,000
Total Equity $840,000
Total Equity and Liabilities $1,150,000
Answer:
C. $16 of overhead cost should be assigned to each standard handbag and $40 of overhead cost should be assigned to each deluxe bag.
Explanation:
Given that
Total indirect manufacturing expected = $52000
And,
Total hours required to manufacture handbags is
= (2,000 standard handbags × 2 hours) + (500 deluxe handbags × 5 hours)
= 4,000 + 2,500
= 6,500
So,
Indirect cost per hour is
= $52000 ÷ 6500
= $8 per hour
Now
Cost allocated to standard handbags is
= $8 × 2
= $16
And, for deluxe handbag it is
= $8 × 5
= $40
