Answer:
$60,233
Explanation:
the net present cost of operating and owning a taxi:
purchase price = $35,000
1996 = ($4,000 + $500) / 1.09 = $4,128
1997 = ($4,000 + $1,000) / 1.09² = $4,208
1998 = ($4,000 + $1,500) / 1.09³ = $4,247
1999 = ($4,000 + $2,000) / 1.09⁴ = $4,251
2000 = ($4,000 + $2,500) / 1.09⁵ = $4,225
2001 = ($4,000 + $3,000) / 1.09⁶ = $4,174
total = $60,233
The net present cost is the present value of all the costs related to a project or investment. In this case, we must discount all the annual operating costs of the taxi by 9%.
Answer:
Item 1
Property taxes on the factory building = Manufacturing Overhead
Item 2
Production superintendents’ salaries = Manufacturing Overhead
Item 3
Memory boards and chips used in assembling computers = Direct Materials
Item 4
Depreciation on the factory equipment = Manufacturing Overhead
Item 5
Salaries for assembly-line quality control inspectors = Manufacturing Overhead
Item 6
Sales commissions paid to sell laptop computers = Period Costs
Item 7
Electrical components used in assembling computers = Direct Materials
Item 8
Wages of workers assembling laptop computers = Direct Labor
Item 9
Soldering materials used on factory assembly lines = Manufacturing Overhead
Item 10
Salaries for the night security guards for the factory building = Manufacturing Overhead
Explanation:
Direct Materials and Direct Labor are direct Product Costs. They can be easily traced on to the Product being manufactured - laptop computers. These include Memory boards and chips and Wages of workers assembling laptop computers.
Manufacturing Overhead can not be easily traced to the Product being manufactured. They do need to be allocated to the Products being manufactured through cost drivers. These include Soldering materials used on factory assembly lines and Production superintendents’ salaries.
Period Costs are Non - Manufacturing Costs. They are Expensed in the Income Statement in the period in which they are incurred and are not included in Product Cost. These include Sales commissions paid to sell laptop computers.
The answer is Increase and Decrease
W-4 allowance is deducted directly from the total of your salary by the employers.This means that the amount of money that you could take home will be reduced.
Since the employers now in the possession fo a certain percentage of your income, the tax burden is now no longer in your hands, which will reduce your amount of tax payment.
Answer: $6000 short term Capital loss
Explanation:
From the question, we are informed that on May 1, 2018, Kelalani purchased land for $88,000 for use in her business and that she sold it on May 1, 2019, for $82,000.
We are further told that there are no other sales of business or trade property. Based on this scenario, the loss treated for tax purposes on Kelalani's return will be a short term capital loss of $6000($88,000 - $82,000). It is a short term capital loss because the loss is for a period of a year or less.
Answer:
(B) 34400 units
Explanation:
The formula to compute the break even point is shown below:
= (Fixed costs) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $50 - ($50 × 50%)
= $50 - $25
= $25
And, the fixed cost = $665,000 + $195,000 = $860,000
So, the break even point would be
= ($860,000) ÷ ($25)
= 34,400 units