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4 years ago

The document shows a personal allowances worksheet. The document asks about dependents because:

Business

1 answer:

jenyasd209 [6]4 years ago

4 0

Answer:lower overall taxes.

Dependents are individuals that are not working..They still depend on their parents or guardians for income.Since they are not working,they are not expected to pay tax which will lower the overall taxes.

Explanation:

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Nichols Corporation's value of operations is equal to $500 million after a recapitalization (the firm had no debt before the rec

oksian1 [2.3K]

Answer:

Value of equity $350 million

Explanation:

<em>The value of a levered firm is the sum of the value of equity and the value of debt securities</em>

The total value = Value of equity + Value of debt

Value of debt= 30% × 500

= $150 million

Value of equity = Value of company - Value of debt

= $500 million - $150 million

= $350 million

4 0

4 years ago

XYZ corporation acquired two inventory items at a lump-sum cost of $100,000. The acquisition included 3,000 units of product 1P,

mina [271]

Answer:

b. $11,250

Explanation:

We are asked to know the gross profit:

gross profit: sales revenue - COGS

in this case sales revenue 1,000 units x $ 30 = 30,000

for COGS we will calculate with weighted average based on the sales price:

3,000 x 30 + 7,000 x 10 = 90,000 + 70,000 = 160,000

the cost of 160,000 dollars of sale is 100,000

we cross multiply for 30,000:

100,000 / 160,000 x 30,000 = 18,750 cost

now we solve for gross profit:

sales 30,000 - cost 18,750 = 11.250

6 0

4 years ago

What is the importance of having a good management

skad [1K]

Answer:

Employees need to know what is expected of them; having clear expectations helps employees do their job well. A good manager will convey his expectations and make sure employees understand them. He also will make himself available to employees, so they can have the opportunity to clarify any confusion they may have.

4 0

3 years ago

Read 2 more answers

PHN Foods granted 18 million of its no-par common shares to executives, subject to forfeiture if employment is terminated within

GuDViN [60]

Answer:

A. 2019

Dr Compensation expense $30 million

Cr Paid-in capital—restricted stock $30 million

2020

Dr Compensation expense $30 million

Cr Paid in capital-restricted stock $30 million

B. $12 million

Explanation:

a. Calculation to determine What journal entry will PHN Foods prepare to record executive compensation regarding these shares at December 31, 2019 and December 31, 2020

First step is to calculate the fair value of award using this formula

Fair value of award=Fair value per option×Options granted

Let plug in the formula

Fair value of award=$5*18 million

Fair value of award=$90 million

Based on the above calculation the amount of $90 million total compensation will be expensed equally over the vesting period of 3 years thereby reducing Earnings by the amount of $30 million calculated as ($90 million/3 years) each year

Now let Prepare the journal entry

2019

Dr Compensation expense $30 million

Cr Paid-in capital—restricted stock $30 million

($90 million/3 years)

2020

Dr Compensation expense $30 million

Cr Paid in capital-restricted stock $30 million

($90 million/3 years)

b. Calculation to determine what will be the net increase in the denominator of the EPS fraction

Using this formula

EPS fraction net increase= 2020 shares - Restricted shares

Let plug in the formula

EPS fraction net increase= $30 million - $18 million

EPS fraction net increase= $12 million

Theretore what will be the net increase in the denominator of the EPS fraction iis $12 million

4 0

3 years ago

A Consumer Expenditure Survey in the city of Firestorm shows that people buy only firecrackers and bandages. A Consumer Expendit

azamat

Solution :

Base year : 2019

Expenditure on crackers : $44

Expenditure on bandages : $12

Price of a firecracker : $1

Price of bandages : $3 per pack

Number of crackers bought = $\frac{44}{1}$

= 44

Number of bandages bought = $\frac{12}{3}$

= 4

Total expenditure in 2019 = $44 + $12

= $56

Year 2020

Price of a firecracker = $6

Price of a bandage = $3

Expenditure on the crackers = $ 6 x 44

= $ 264

Expenditure on the bandages = $ 3 x 4

= $ 12

Total expenditure in 2020 = $ 264 + $ 12

= $ 276

CPI in the year 2020 (base year 2019) = $\frac{276}{56}\times 100$

= 492.8

Inflation in 2020 (2019 base year = 100) = $\frac{492.8-100}{100 \times 100}$

= 0.039

= 3.9%

So, CPI = 492.8

Inflation rate = 3.9%

7 0

3 years ago