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2 years ago

Research asking employees about their benefits has shown that employees:

1 answer:

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In terms of employees researching their benefits means that the employees have underestimate the cost and value of their benefits as they try to research their rights an employer and their benefits or advantages that they should acquire when they are working under a company or other field in their line of work.

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Ayayai Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1, 2022 Purchase 102 $42 Mar. 14,

Dominik [7]

Answer:

Income after tax = $1666

Explanation:

LIFO (Last-In-First-Out) is a method of inventory valuation where the goods that are received last are used first. In other words, the latest stock is used first. This is common for bulky inventory, stacked one on top of another.

In order to obtain the after-tax income, both the gross profit and income before tax are required. To obtain gross profit, we require the cost of goods sold information. The inventory information is as follows:

Feb 1 : Purchases : 102 units x $42 = $4284

Mar 14 : Purchases : 175 units x $44 = $7700

May 1 : Purchases : 124 units x $46 = $5704

288 units were sold

The COGS would be:

124 x $46 = $5704

164 x $44 = $7216

Thus COGS : $5704 + $7216 = $12920

Gross profit : Sales - COGS

Sales : $59 x 288 = $16992

Gross Profit = $16992 - $12920 = $4072

Income before tax : Gross Profit - Expenses

Operating expenses : $1692

Income before tax = $4072 - $1692 = $2380

Income after tax : Income before tax - (tax rate x income before tax)

Tax rate : 30%

Income after tax = $2380 - ($2380 x 30%) = $1666

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3 years ago

Brian Vargo, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is: a. not

malfutka [58]

a. not counted as part of the labor force

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2 years ago

Highway 55 Studios has budgeted the following amounts for its next fiscal year: Total fixed expenses $ 1 comma 980 comma 000 Se

faust18 [17]

Answer:

Contribution per unit = Selling price - Unit variable cost

= $70 - $10 = $60

Break-even sales in units = Fixed cost

Contribution per unit

= $1,980,000

$60

= 33,000 units

If fixed cost reduced by $49,500, new fixed cost will be $1.930,500

33,000 = $1,930,500

$70 - VC

33,000(70 - VC) = $1,930,500

2,310,000 - 33,000VC = $1,930,500

2,310,000 - $1,930,500 = 33,000VC

379,500 = 33,000VC

379,500 = VC

33,000

VC = $11.50

Increase in variable expenses per unit

= $11.50 - $10 = $1.50

Explanation:

In this case, we need to determine the break-even point in units, which is fixed cost divided by variable expenses per unit. If total fixed expenses reduced by $49,500, the new total fixed expenses will be $1,930,500. Then, we will equate the break-even point in units to the new fixed cost divided by contribution per unit, which is selling price minus variable expenses per unit. Since break-even point in units, new fixed cost and selling price were known with the exception of variable cost, variable cost becomes the subject of the formula. The old variable expenses will be deducted from the new variable expenses so as to obtain increase in variable expenses per unit.

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3 years ago

Flo Choi owns a small business and manages its accounting. Her company just finished a year in which a large amount of borrowed

prohojiy [21]

Answer:

See the answers below

Explanation:

Depreciation: when a valuable assets loses value over time

the decision she took was to reduce salvage value, increase depreciation expenses and decrease profit tax

. Is Choi’s rule an ethical violation, or is it a legitimate decision in computing depreciation?

Choi's choice of rule is unethical but there are companies in recent tines who employ the same method. It is not keeping with best practices. However, she can employ the recent accounting methods. disclosed if there are changes made.

3. How will Choi’s depreciation rule affect the profit margin of her business?

Her profit margin will increase almost by double

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3 years ago

One of the main tools used by economists to measure the actual distribution of income in an economy is:

vekshin1

Answer: Lorenz curve

Explanation:

One of the main tools used by economists to measure the actual distribution of income in an economy is known as the Lorenz curve.

The Lorenz curve Lorenz curve is a graph that shows the inequality witybrwgrds to the income and wealth distribution for a particular economy. The x-axis on the graph shows the population, while the y-axis shows the wealth.

7 0

3 years ago