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3 years ago

When are estate taxes levied?

1 answer:

7 0

Rather, inheritance tax is imposed on the property passed to an heir. According to the Internal Revenue Service (IRS), as of 2016, estate tax is only applied to estates worth more than $5.45 million, and if the estate is passed to the spouse of the deceased person, no estate tax is assessed.

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Direct materials $ 37 per unit Fixed manufacturing overhead costs $ 225,000 Sales price $ 195 per unit Variable manufacturing ov

mina [271]

Answer:

A.Gross Margin $385,550

B. Contribution margin $566,500

Explanation:

a. Preparation of a gross margin income statement

Gross margin income statement

Sales 1,072,500

(5500*$ 195 per unit)

Less Variable expenses:

Direct Material 198,000

(5500*36)

Direct Labour 143,000

(5500*26)

Variable manufacturing overhead 121,000

(5500*22)

Fixed Manufacturing overhead 224,950

(5500*40.90)

(225,000/5500=40.90)

Gross Margin $385,550

Therefore Gross Margin will be $385,550

b. Preparation of a contribution margin income statement.

Contribution margin income statement

Sales 1,072,500

(5500*$ 195 per unit)

Less cost of goods sold:

Direct Material 198,000

(5500*36)

Direct Labour 143,000

(5500*26)

Variable manufacturing overhead 121,000

(5500*22)

Variable Marketing and administrative cost 44,000

(5500*8)

Contribution margin $566,500

Therefore Contribution margin will be $566,500

6 0

3 years ago

Producer c has written 25 policies over the last 12 months, 4 of which have been issued to his employees in a side business, acc

Arte-miy333 [17]

The unfair trade practice that's illustrated by Producer C is defamation.

<h3>What is trade?</h3>

It should be noted that trade simply means the transaction that takes place between people.

In this case, the unfair trade practice that's illustrated by Producer C is defamation. This creates a negative image for an individual or company.

Learn more about trade on:

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7 0

2 years ago

The differences between the various 'Money Supplies' (M1, M2, …) are base on A) The volume of the economy they make up C) Whethe

postnew [5]

Answer:

The correct option here is B) the degree of liquidity in each element.

Explanation:

Money supply can be described as total amount of money , which is present in an economy at a point of time.

Money supply can be classified as M0,M1,M2 etc , where these different money supply's reflects different type of liquidity that each type of money has in the economy. M0, M1 actually consists of narrow money and contain coins and notes, which are in circulation in the economy and these are easily convertible in to cash and they are most liquid elements and same way M2 would be less liquid than M1, and so on.

8 0

4 years ago

What total unrealized holding gain would beresford report in its 2021 income statement relative to its investments in bonds?

Airida [17]

Total unrealized holding gain would Beresford report in its 2021 income statement relative to its investments in bonds is $36,600.

Unrealized holding gains are increases in the value of assets that a company or individual continues to hold.

This gain has not yet been reported on the entity's income statement as a realized gain.

The gain is considered realized once the asset is sold.

Assets are frequently held even after a gain in value has occurred, either because the owner expects another gain or because the owner does not want to pay taxes on the gain.

Therefore, total unrealized holding gain is the difference between the fair value of trading securities on 12/31/2021 and at 12/31/2020.

For the figures used refer to the attached image.

total unrealized holding gain = (76000 - 65000) + (98100 - 67000) + (58500 - 64000)

= 11000 + 31100 - 5500

= $36,600

Hence, the correct answer is $36,600.

Learn more about holding gain:

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1 year ago

Without using calculus or any other advanced math, the MS Solver plug-in can be used to find the input value for x that results

erik [133]

Answer:

The weekly revenue is maximum at x=1.67.

Explanation:

The given function is

$f(x)=1000x -300x^2$ .... (1)

where, f(x) is the total revenue at price x.

We need to find the price x at which the weekly revenue is maximum.

The leading coefficient of the given function is -300, which is a negative number. So, it is a downward parabola and vertex of a downward parabola is the the point of maxima.

If a parabola is defined as

$g(x)=ax^2+bx+c$ ... (2)