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wlad13 [49]
3 years ago
11

Required information Problem 4-33 (LO 4-1) (Algo) [The following information applies to the questions displayed below.] Nitai, w

ho is single and has no dependents, was planning on spending the weekend repairing his car. On Friday, Nitai’s employer called and offered him $525 in overtime pay if he would agree to work over the weekend. Nitai could get his car repaired over the weekend at Autofix for $420. If Nitai works over the weekend, he will have to pay the $420 to have his car repaired, but he will earn $525. Assume Nitai’s marginal tax rate is 12 percent rate. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Problem 4-33 Part-a (Algo) a-1. Strictly considering tax factors, should Nitai work or repair his car if the $420 he must pay to have his car fixed is not deductible? Work Repair a-2. Given the answer in a-1 above, by how much is Nitai better or worse off?
Business
1 answer:
zhannawk [14.2K]3 years ago
7 0

Answer:

a-1. Strictly considering tax factors, should Nitai work or repair his car if the $420 he must pay to have his car fixed is not deductible?

  • Work

a-2. Given the answer in a-1 above, by how much is Nitai better or worse off?

  • If Natia works during the weekend, he will have $42 more than if he repairs his car.

Explanation:

additional revenue generated by working on weekend = $525 x (1 - 12%) = $462

cost of repairing the car at Autofix = $420

net benefit of working during the weekend = additional revenue - cost of repairing the car at Autofix = $462 - $420 = $42

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Answer: C.) It cost you $85 to gas up your car this month but last month it only cost you $50

Explanation:

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3 years ago
Royal Gorge Company uses the gross profit method to estimate ending inventory and cost of goods sold when preparing monthly fina
Softa [21]

Answer:

1. $31,100

2. $104,000

Explanation:

1. Cost of goods available for sale:

= Cost of beginning inventory + Net purchase + Freight on purchase

= $60,200 + ($127,000 - $7,000) + $4,700

= $184,900

Estimated cost of goods sold:

= Sales - Gross profit

= ($265,000 - $22,000) - [40% × ($265,000 - $22,000)]

= $243,000 - $97,200

= $145,800

Estimated cost of ending inventory:

= Cost of goods available for sale - Estimated cost of goods sold - Inventory stolen

= $184,900 - $145,800 - $8,000

= $31,100

2. Cost of goods sold = Sales × (60/200)

                                     = $243,000 × (60/200)

                                     = $72,900

Estimated cost of ending inventory:

= Cost of goods available for sale - Estimated cost of goods sold - Inventory stolen

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4 0
4 years ago
research the telemedicine industry and describe two companies offering services . what are the pros and cons of offering medical
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Answer:

Telemedicine is a tool that is used for medical information change from one area to another area through electronic communications fro the improvement of clinical health status of the patient.

The Two companies that offers Telemedicine are CC and CADo

CC it involves practicing physicians that are board certified to provide various range of Telemedicine services around the world. some services that CC cover s are primary care, home care, urgent care.

CADo refers to a service that assist in connecting patient with related doctors via phone and online. this company is specialized to offer basic medical services which does not require visits in person.

The pros of Telemedicine are that,(1) it helps patient to save health care costs (2) It increases patient engagement.

The cons are (1) It requires equipment and technical training. (2)It reduces in persons interactions with the related doctors.

Yes there are some governmental or industrial rules for Telemedicine industry. it helps this industry to broaden their traditional practice of medicine towards outside the wall of a typical medical practice.

Explanation:

Solution

Telemedicine is a technique that is used for medical information interchange from one area to another area through electronic communications for the improvement of clinical health status of the patient.

Telemedicine has a variety of growing applications and services that uses email, two way videos, wireless tools, smart phones and other types of telecommunication technology.

Two companies that offers Telemedicine is given below:

(1) CC: CC was established in the year 2010. it works with practicing physicians that are board certified to provide various range of Telemedicine services around the world. some services that CC cover s are primary care, home care, urgent care.

(2) CADo : It is a service that helps to connect patient  with doctors though phone and online. this company is specialized to offer basic medical services which does not require visits in person

Pros and Cons of Telemedicine is as follows:

Pros:

  • It is more accessible and convenient health care for the patients
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  • It increases patient engagement
  • It provide better quality of patient care

Cons:

  • It requires equipment and technical training
  • It reduces in persons interactions with the related doctors
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Yes there are some governmental or industrial guidance for Telemedicine industry. it helps this industry to extend their traditional practice of medicine towards outside the wall of a typical medical practice.

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Brinkman Corporation bought equipment on January 1, 2007 .The equipment cost $90,000 and had an expected salvage value of $15,00
gavmur [86]

Answer:

The correct answer is B.

Explanation:

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