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2 years ago

choose a real or made-up example of a company, and describe at least three variable costs the company has. (1-3 sentences.

1 answer:

7 0

For a restaurant, some variable costs could be labor costs/ worker wages, raw product/ purchasing food to cook, and energy and fuel/ utilities.

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Maddy works at Burgers R Us. Her boss tells her that if she stays with the company for five years, she will receive a bonus of $

Sergeu [11.5K]

Answer:

$4,038

Explanation:

Present value (PV) is the current value of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounted at the discount rate, and the higher the discount rate, the lower the present value of the future cash flows.

Present Value = Future Value x (1/ ( 1 + interest rate ) ^ number of periods)

Present Value = 6,000 x (1/ ( 1 + 0.08) ^ 5)

Present Value = 6,000 x 0.68058

Present Value = $4,038

4 0

2 years ago

LO.8, 9 Broadbill Corporation (E & P of $650,000) has 1,000 shares of common stock outstanding. The shares are owned by the

GarryVolchara [31]

Question Continuation

Determine the tax consequences of the redemption to Tammy and to Broadbill under the following independent circumstances.

Tammy and Jeremy are grandmother and grandson.

Answer:

See Explanation Below

Explanation:

Given.

Tammy number of shares = 300

Yvette number of shares = 400

Jeremy number of shares = 300

Each of the shareholders paid $50 per share.

Tammy's Ownership is calculated by; (300+300)/1000

= 600)1000

= 60% ---- before redemption

Tammy's Ownership = (150 + 300)/850

Tammy's ownership = 450/850

Tammy's Ownership = 52.94% ---- after redemption

The constructive ownership of Tammy is more than 80%, this means that the distribution is considered as income to Tammy

3 0

2 years ago

. Archie can claim total deductible medical expenses that exceed 7.5% of his adjusted gross income. a. True b. False

Thepotemich [5.8K]

The correct answer is; False, as of 2020.

Further Explanation:

In the previous tax years, 2017-2018, this statement would of been correct. Archie could of claimed his total deductible medical expenses that exceeded 7.5% of his AGI. However, the laws changed for 2019 and this is no longer the correct way to claim medical expenses.

For the 2019 taxes, a person can only deduct any expenses that amount to over 10% of the total AGI per person. The deduction can be figured by taking your AGI and multiplying this total by 10%. The deductions will also have to be itemized before claiming.

Learn more about medical deductibles at brainly.com/question/1845375

#LearnwithBrainly

3 0

3 years ago

The main difference between marketing research and a marketing information system is that the MIS is an information-gathering pr

Annette [7]

Answer:

False

Explanation:

Marketing research is a term that is used to refer to the process of systematically designing, collecting, interpreting, and reporting information. It is used to help marketers solve specific marketing problems, and it is also used to take advantage of market opportunities. Marketing research is used to gather information which are not currently available to the decision makers.

A marketing information system (MIS) refers to a system in which marketing data is formally gathered, stored, analysed and distributed to managers in accordance with their informational needs on a regular basis. A management information system is systematically designed to support marketing decision making.

6 0

2 years ago

Renue Spa had the following balances at December 31, Year 1: Cash of $15,000, Accounts Receivable of $61,000, Allowance for Doub

Phoenix [80]

Answer:

Explanation:

provision For Doubtfull Accounts Yr.3

Opening Bal. = 3,750

For the Year (215000*2%) = 4300

Write-off = -2100

Closing Balance (3750+4300-2100) = 5950

Account Recievable For Yr.3

Opening Bal. = 61000

Sales For the Year (215000*2%) = 215000

Provision For the Year = -4300

Cash Recived from Debtors = 218000

Closing Balance = 53700

Net Realizable Value of Recievables

Closing Debtors = 53700

Closing Provision = -5650

Net Realizable Value = 47750

C) Collectible Amount

Provision For the Year = 4300

Previously writte of recoverred = -500

Total bad debts for the year = 3800

5 0

2 years ago