Describe markings on a road that indicate that it is safe to pass. (What type and color of marking)

Assume tax rates on single individuals are 10% on taxable income up to $9,275, 15% on income of $9,276 to $37,650 and 25% on inc

mario62 [17]

Answer:

total tax liability = $8771.25

Explanation:

given data

taxable income up to $9,275 single individuals = 10 %

income of $9,276 to $37,650 = 15 %

income of $37,651 to $91,150 = 25 %

solution

we know here amount upto $9,275 is

amount upto $9,275 = $9,275 × 10% = $927.50 ..........1

and

amount $9,276 to $37,650 = ( 37650 - 9276 ) × 15% = $4257.45 ........2

and

amount $37,650 to $50,000 = ( 50000 - 37650) × 25% = $3587.50 ............3

so now add all 3 equation we get

total tax liability = $927.5 + $4256.25 + $3587.5

total tax liability = $8771.25

Tax Bracket rate amount

upto $ 9,275 10% $ 927.50

next (37650-9275) $ 28,375 15% $ 4,256.25

remaining $ 14,350 25% $ 3,587.50

total $ 52,000 $ 8,771.25

8 0

4 years ago

Melanie sets up her own business. her hair salon earns $10,000 in revenue a month. she spends $500 per month on supplies (shampo

ziro4ka [17]

Melanie's economic profit per month is computed as follows: $10,000 (revenue monthly) - $500 (supplies monthly) - $50 (monthly depreciation = $600 annually / 12 months in a year) = $9,450.

8 0

3 years ago

22. Communication that takes place between a manager and employees of other workgroups is called ………… communication.

garri49 [273]

Answer:

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3 0

4 years ago

On June 1, 2020, Forde Auto Manufacturer sells a 4-door sedan to a dealer for $6,000, which includes three years of maintenance.

hichkok12 [17]

Answer:

Part a

Allocation based on Stand Alone Selling Prices :

4 - door Sedan and the 3 years maintenance contract = $6,400
Cash incentive = $100

Part b

Journal entry :

Debit : Cash $130,000

Credit : Revenue - 4 - door Sedan $128,000

Credit : Revenue - Cash incentive $2,000

Explanation:

It is important to identify the step in IFRS 15 - Revenue from Contracts with Customers, which is affected by the question.

Here, Step 2 - Identify the performance obligation in the contract, Step 3 - Determine the Transaction Price, Step 4 - Allocate the Transaction Price to the Performance obligation and Step 5 - Recognize the Revenue as or when the Performance Obligation is Satisfied. These are explained and applied as follows :

Step 2 - Identify the performance obligation in the contract.

Here, identify the individual promises (Performance Obligations) that the entity has committed to transfer to the customer.

Also the entity identifies each performance obligation that is distinct, or a series of distinct Goods or Services that are substantially the same and have the same pattern of transfer to the customer.

So, the performance obligations are as follows :

4 - door Sedan and the 3 years maintenance contract(these can not be consumed independently from one another)
Cash incentive (can be consumed independently from the rest of the performance obligations)

Step 3 - Determine the Transaction Price

Transaction price is the consideration the entity expects to be entitled to in exchange of goods or services transferred to the customer.

Transaction Price is $6,500 ($6,000 + $400 + $100)

Step 4 - Allocate the Transaction Price to the Performance obligation

Allocation of Transaction Price is done based on Stand Alone Selling Prices.

Stand alone selling prices have already been identified :

4 - door Sedan and the 3 years maintenance contract = $6,400
Cash incentive = $100

Step 5 - Recognize the Revenue as or when the Performance Obligation is Satisfied

Stand alone for 20 vehicles :

4 - door Sedan and the 3 years maintenance contract = $6,400 x 20 = $128,000
Cash incentive = $100 x 20 = $2,000

Journal entry :

Debit : Cash $130,000

Credit : Revenue - 4 - door Sedan $128,000

Credit : Revenue - Cash incentive $2,000

8 0

3 years ago

Greg belongs to a society which makes very few distinctions between people and groups. This is reflected in his company, Sonata

serious [3.7K]

Answer:

The answer is (B) The society which Greg belongs is low on social stratification.

Explanation:

To start with, social stratification is the manner which a society categorizes or group people according to social and economic factors like race, education, wealth, gender, income, occupation, derived power and social status.

Since Greg belongs to a society that doesn't prioritize distinction between people and groups, it can be unarguably noted that the society he belongs is low on social stratification. It is even more evident by the fact that the managers of Greg's company - Sonata DCM are from different classes and cultures.

6 0

4 years ago