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skad [1K]
2 years ago
14

When making a major purchase, first determine your ______ income by subtracting the deductions from your gross pay.

Business
2 answers:
Bingel [31]2 years ago
6 0

Answer:

When making a major purchase, first determine your  <u>net </u> income by subtracting the deductions from your gross pay.

Explanation:

In business and accounting, net income is an entity's income minus cost of goods sold, expenses and taxes for an accounting period.

Marysya12 [62]2 years ago
3 0

Answer:

net income

Explanation:

There are two concepts of income. Gross income, which is the nominal amount of salary, and net income, which is gross income minus all income taxes. For example, if you have a contract-negotiated $ 5000 salary, this is your gross income. Your net income is the total left over for you after the tax is levied. For example, if your income of $ 5000 incurs $ 700 of taxes, your net income will be $ 4300.

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Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's ant
Leto [7]

Answer:

Total cost per unit is $77

Explanation:

Fixed manufacturing overhead per unit = Total fixed manufacturing overhead ÷ Number of units

= $478,800 ÷ 34,200 = $14 per unit

Fixed selling and administrative expenses per unit = Total Fixed selling and administrative expenses ÷ Number of units

= $171,000 ÷ 34,200 = $5 per unit.

Total cost per unit = Direct material + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead + Variable selling expenses + Fixed selling expenses

Total cost per unit = $15 + $5 + $11 + $14 + $5 + $5 = $55 per unit.

Markup = 40% of total cost = $55 × 40% = $22

Therefore, total selling price per unit = Cost per unit + Markup

= $55 + $22 = $77 per unit.

7 0
3 years ago
Barb's Bakery made $200 last month selling 100 loaves of bread. This month it made $300 selling 60 loaves of bread. What is the
Virty [35]
The answer will be 150 dollars
5 0
3 years ago
Teddy's Pillows had beginning net fixed assets of $471 and ending net fixed assets of $550. Assets valued at $319 were sold duri
photoshop1234 [79]

Answer:

Net Capital Spending = $121

Explanation:

The Net Capital Spending is the amount of money a company spends in the acquisition of fixed assets during the year. Mathematically, it is represented as:

Net Capital Spending = Ending net fixed asset - Beginning net fixed asset + depreciation

Net Capital Spending = 550 - 471 + 42 = $121

∴ Net Capital Spending = $121

3 0
2 years ago
Tallow​, Inc. had reported the following​ balances: LOADING...​(Click the icon to view the 2018 and 2019 ​balances.) 11. Compute
Pachacha [2.7K]

Answer:

Explanation:

Rate of return on common stockholder's equity for 2019:

= (Net Income - Preferred Dividend) / Av. common stockholder's equity

= ($94,000 - $26,000) / $312,000

= $68,000 / $312,000

= 0.2179 or 21.79%

Av. common stockholder's equity 2019 :

Total stockholder's equity 2018 ( Common) = Total stockholder's equity - Stockholder's Equity attributable to preferred

= $318,000 - $22,000

= $296,000

Total stockholder's equity 2019 ( Common) = Total stockholder's equity - Stockholder's Equity attributable to preferred

= $350,000 - $22,000

= $328,000

Av. common stockholder's equity 2019 = ($296,000 + $328,000) / 2 = $312,000

7 0
3 years ago
Prock Petroleum's stock has a required return of 15%, and the stock sells for $60 per share. The firm just paid a dividend of $1
Ganezh [65]

Answer:

Price =[PVF15%,1*D1]+[PVF15%,2*D2]+[PVF15%,3*D3]+[PVF15%,4*D4]+[PVF15%,4*Terminal value at year4 ]

60 = [.86957* 1.3]+[.75614*1.69]+[.65752*2.197]+[.57175*2.8561]+[.57175*TV]

     = 1.1304+ 1.2779+ 1.4446+ 1.6330+ .57175TV

60 = 5.4859+.57175TV

Terminal value = [60-5.4859]/.57175

         = 54.5141/.57175

       = $ 95.3460

Terminal value=D4(1+g)/(Rs-g)

95.3460 =2.8561(1+g)/(.15-g)

95.3460(.15-g)= 2.8561-2.8561g

  14.3019- 95.3460g = 2.8561-2.8561g

   95.3460g-2.8561g = 14.3019-2.8561

     92.4899 g = 11.4458

   g = 11.4458/92.4899

        = .1238 or 12.38%

Growth after year4 = 12.38%

**D1 =1(1+.30)=1.3

D2 =1.3(1+.3)=1.69

D3 = 1.69(1+.3)= 2.197

D4= 2.197(1+.3)= 2.8561

6 0
3 years ago
Read 2 more answers
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