Answer:
a tax bracket refers to a range of income subject to a certain income tax rate.
Explanation:
so basically it's just a range of income taxed at a given rate
Answer:
$270,000
Explanation:
Contribution per kite = $6.50 - $3.50 = $3.00
Break even point = 90,000 kites
Since;
Break even point = Fixed cost / Contribution per kite.
We have:
90,000 = Fixed cost / $3.00
Fixed cost = 90,000 * $3.00 = $270,000
Therefore, Ocean City Kite Company's fixed costs is $270,000.
Answer:
Allocation rate Machining= $50 per machine hour
Explanation:
Giving the following information:
Estimated Machining cost= $4,000,000
Estimated Number of machine hours= 80,000
<u>To calculate the allocation rate for the Machining department, we need to use the following formula:</u>
Allocation rate Machining= total estimated costs for the period/ total amount of allocation base
Allocation rate Machining= 4,000,000 / 80,000
Allocation rate Machining= $50 per machine hour
Answer:
A receivable.
Explanation:
Mild Max Cycles had a notes receivables, which it already discounted with some financial institution, which later on the maturity date stand to be dishonored.
It is clear that the company earlier already collected the money against it, but now as the note receivable was discounted with recourse that is it provided assurance to the financial institution, in case of any failure, thus, the company will pay back to the financial institution and that the company still have the right to receive it back from the note receivable.
Answer:
the value of the stock is $21
Explanation:
The computation of the value of the stock is given below:
= Annual dividend per share ÷ required rate of return
= $2.10 ÷ 10%
= $21
Hence, the value of the stock is $21
We simply divided the annual dividend from the required rate of return so that the value of the stock could come
