Answer:
$0
Explanation:
George and Weezy will not get any amount as social security benefit if they file married joint. The sum of their modified AGI plus the 50% of their social security benefit is [$5,000 + $8,000 + $15,100]. This equals to $28,100 which is below the minimum amount of social security.
Answer:
Prepare an income statement for the company for August
Revenue (3000×$400) 1,200,000
<u>Less Cost of Sales</u>
Labour Cost for Consulting Staff (3000×$200) 600,000
Overheads 72,000
<u><em>Less</em></u> Over Applied Overheads 12,000 660,000
Gross Profit 540,000
Less Operating Expenses
Markerting and Administrative Costs 240,000
Net Income 300,000
Explanation:
Net Income = Sales - Cost of Sale - Operating Expenses
Cost of Sales in the case of RCMP involves the cost of providing a service for each of their clients.
Answer: (C) Resource scarcity
Explanation:
The resource scarcity is one of the basic economical problem that cause decreasing in the various types of natural resources and various types of basic requirements.
According to the question, the resource scarcity is one of the environmental characteristics and it occur when the demand exceeds as compared to the basic supply and specific requirement. When the consumption are get increased to the basic usage of the requirement.
Therefore, Option (C) is correct.
Answer:
$50,000
Explanation:
Calculation to determine the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables
Using this formula
Loss on sale of receivables=[(Recourse Accounts receivable*Finance fee charges)+Estimated recourse liability]
Let plug in the formula
Loss on sale of receivables=(3%*$800,000)+$26,000
Loss on sale of receivables=$24,000+$26,000
Loss on sale of receivables=$50,000
Therefore the amount of the loss on sale of receivables that CarsRUs would recognize at the sale of its receivables will be $50,000
The answer is a.True
The cost of the fixed asset is already excluded from the net income. In this case, the rate of return can be computed by the total net income divided by the cost of the fixed asset. So that would be $200,000/$400,000. The rate of return would be 50%
