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4 years ago

Tips are considered _____. dividends taxable income gains a bonus

Business

2 answers:

Airida [17]4 years ago

7 0

the answer is taxable income

adoni [48]4 years ago

3 0

Tips are considered taxable income.
Although they are a bonus that you get from your customers, on top of your paycheck, you still have to pay a tax on your tips given that in America, tips are considered to be a type of income. You'd get a dividend from a company, not from customers. Gain is just another word for profit.

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Suppose the price you are willing to pay for a new car is greater than the marginal cost of producing that new car. Under which

fiasKO [112]

Answer:

The correct answer is letter "A": Perfect Competition.

Explanation:

Perfect Competition is a theoretical framework of the market, in which competition is as high as possible. In perfectly competitive markets, all firms sell an identical product, all firms are price takers, all firms have a relatively small market share, buyers have complete information about the product and prices, and the industry is characterized by low to no barriers to enter and exit a business. Perfect competitive markets do not exist in real life.

Thus, if the price a consumer is willing to pay for a product is greater than its marginal cost, that individual is likely in a perfectly competitive market.

5 0

3 years ago

Fabio Corporation is considering eliminating a department that has a contribution margin of $39,000 and $78,000 in fixed costs.

OleMash [197]

Answer:

a decrease of $39,000.

an increase of $39,000.

a decrease of $19,500.

an increase of $19,500.

The correct option is the last one,an increase of $19,500

Explanation:

The impact on net operating income when the department is eliminated in Fabio Corporation is the company would lose the contribution margin of $39,000 and avoidable fixed cost,hence overall effect of the elimination is the difference between the contribution margin lost and the avoidable fixed costs which is computed thus:

Lost contribution margin $39000

Unavoidable fixed cost $19,500

Total fixed costs

avoidable fixed cost=$78,000-$19,500=$58,500

decrease in overall net operating income=$58,500-$39,000=$19,500

7 0

3 years ago

The annual budgeted conversion costs for a lean cell are $180,000 for 1,000 production hours. Each unit produced by the cell req

iren2701 [21]

Answer: Please see in explanation column

Explanation:

Budgeted Conversion Cost $ 180,000

Total Production hours = 1,000 hours

Conversion cost per production hour = 180,000/1,000 = $ 180 per hour

Production time per unit produce = 20 minutes

Conversion cost per unit -- first mins change to hrs

60min = 1 hour

20 min= 20/60=0.33hr

$ 180 x 0.333333 = $ 59.999per unit

Material cost per unit = $ 30 per unit

Total cost per unit production =

Material cost per unit+ conversion cost per unit = 30+ 59.999= $ 89.999per unit

a)Material Required per unit = $30 per unit

Material purchase for 500 units =30 x 500 = $15,000

b)Conversion cost per unit produce = $ 59.999 per unit

number of units for conversion= 600

Conversion Cost applied for 600 units =( 600 x 59.999 = $35,999.4 rounded to $36,000

Total cost of goods complete per unit = $ 89.999 per unit

Number of units completed = 450 units

Total Cost of Goods completed = 450 x 89.999= $ 40,499.55 =$40,500

A) JOURNAL ENTRY For purchase of raw material for 500 units at $30

Accounts title Debit Credit

Raw and In process Inventory 15,000

Accounts Payable 15,000

B)JOURNAL ENTRY For applied conversion cost to in process inventory for 600 units at $59.999

Raw and in process inventory $36,000

Conversion Cost $36,000

C)JOURNAL ENTRY For completing 450 units at a total cost of $89.999

Finished Goods Inventory $ 40,500

Raw and in Process Inventory $ 40,500

6 0

3 years ago

Stormy Weather has no attractive investment opportunities. Its return on equity equals the discount rate, which is 10%. Its expe

Temka [501]

Answer:

Assume that the Plow back Ratio is 50

Now,

To Compute the growth rate;

Growth rate = Return on equity × Plow back ratio

Growth rate = 10% × 0.50

Growth rate = 5.0%

Computation of the stock price.

Stock price = Dividend pa share / (Required rate - Growth rate)

Stock price = Earnings pa share × (1 - Plow back ratio) / (Required rate -Growth rate)

Stock price = $4 × (1 - 0.50) / (10% - 5.00%)

Stock price = $2.00 / 5.00%

Stock price = $40

Computation of the P/E ratio.

PIE ratio = Stock price / Earnings pa share

PIE ratio = $40 / $4

PIE ratio = $10

7 0

4 years ago

Anna and ben are up for the same promotion at work. when it comes time to make a decision, the management committee chooses ben

12345 [234]

I believe that Anna has just encountered a glass ceiling.
This means that Anna has encountered a barrier that her from rising to the level of management committee through promotion simply because she is a woman.This term is extended to refer to the obstacles that hinder the advancement of minority women. It is often difficult for minority women to rise to ranks simply because of their responsibilities, color and discrimination. In this case, Anna being a good mother to her children makes the management think that she wont want more responsibilities.

3 0

3 years ago

Read 2 more answers