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IrinaVladis [17]

3 years ago

14

Applying the interest allowance method, compute Taylor's and Timmy's share of net income if Taylor invested $200,000 and Timmy i

nvested $800,000 at a 6% interest rate, with the remainder to be divided equally. Net income was $75,000.

2 answers:

Alecsey [184]3 years ago

6 0

Taylor: $19,500

Timmy: $55,500

anygoal [31]3 years ago

5 0

Taylor Timmy

Interest @6% 12000 48000

Remainder Profit Divided Equally 7500 7500

Total 19500 55500

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Purple Company is a C corporation and the corporation pays out all of its after-tax income as a dividend to Kirsten. Note: Indiv

kifflom [539]

Answer:

Purple Corporation's after-tax income is $158,000 and Kirsten's after tax income is $136,100.

Explanation:

some information was missing, so I looked it up:

Purple Corporation's income = $200,000
corporate tax rate = 21%
Kristen claims standard deduction $12,000

Purple's corporate tax liability = $200,000 x 21% = $42,000

Purple's after tax income = ($200,000 - $42,000) = $158,000

Since Kristen's taxable income is $146,000 (qualified dividends are included in AGI but taxed at different rate), her tax rate will be 15%. Kristen's after tax income = $$158,000 - (146,000 x 15%) = $136,100

5 0

3 years ago

Kara voluntarily quit her job as an insurance agent to return to school full time to earn an MBA degree. With degree in hand, sh

Virty [35]

Frictionally unemployed describes their employment status.

<u> Explanation: </u>

Frictional joblessness is constantly present in the economy, coming about because of transitory changes made by laborers and bosses. Frictional joblessness is a piece of the general work picture, including common joblessness, which is the base joblessness rate in an economy because of monetary powers and willful development of work.

In any case, common joblessness mirrors the quantity of laborers that are not utilized as a result of an absence of ability or were supplanted by innovation. Frictional joblessness, then again, is from intentional moves by laborers yet is remembered for common joblessness since it speaks to the base degree of joblessness in an economy.

The frictional joblessness rate is determined by partitioning the laborers effectively searching for employments by the complete work power. The laborers effectively searching for employments are ordinarily arranged into three classifications: laborers who found employment elsewhere, individuals coming back to the workforce, and new participants.

Ongoing alumni from school or first-time work searchers may do not have the assets or proficiency for finding the organization that has the activity that is accessible and reasonable for them. Thus, they don't take other work, incidentally waiting for the better-paying employment.

4 0

3 years ago

Productive inefficiency could arise from a. a waste of available labor b. a lack of resources c. an improvement in technology d.

kolezko [41]

Answer:

The correct answer is a. a waste of available labor.

Explanation:

Productive efficiency (also known as technical efficiency) occurs when the economy is using all its resources efficiently, producing maximum production with minimum resources. The concept is illustrated in the Production Opportunity Frontier (FPP) in which all points of the curve are the points of maximum productive efficiency (that is, no more products can be achieved from the present resources).

This happens when the production of an economic good is achieved at the lowest possible cost, given the production of another good (s). In other words, when it is achieved, given the need to produce other goods, the highest possible productivity of a good. In a situation of long-term equilibrium for markets in perfect competition, it is where the average cost is the base on the average of the total cost curve, that is, the cost curve where CM = A (T) C.

6 0

4 years ago

Payback Period Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows. Colby Hepwor

Kruka [31]

Answer:

3 years and 4 months

Explanation:

Colby payback period = Investment in book and store / Annual cash income = $400,000 / $120,000 = 3.33 years = 3 years and (0.33 *12) months = 3 years and 4 months.

Therefore, the payback period for Colby is 3 years and 4 months.

7 0

4 years ago

Champs Sports Bar, State College, PA, has decided to perform a total cost analysis on its vodka supplier in order to cut costs.

lara [203]

Answer:

Champs Sports Bar will incur equal total costs if Pancho can hold annual shipping price per crate at $6

Explanation:

Current consumption = 6000 per year

Byron's Charge

Cost of 1 bottle = $9.25

1 crate contains 500 bottles

6000 bottles would be contained in 12 crates (6000 ÷ 500 = 12)

Cost of 1 crate = $9.25 × 500 = $4625

Shipping price per crate = $5

Cost of 1 crate + shipping price per crate = $4625 + $5 = $4630

Total cost to ship 12 crates (6000 bottles) = 12 × $4630 = $55560

Pancho's charge

Cost of 1 bottle = $9.20

I crate contains 100 bottles

6000 bottles would be contained in 60 crates (6000 ÷ 100 = 60)

Cost of 1 crate = $9.20 × 100 = $920

Let the shipping price per crate be y

Cost of 1 crate + shipping price per crate = ($920 + y)

Total cost to ship 60 crates = 60($920 + y)

To solve for y, equate the two total costs

60($920 + y) = $55560

Divide both sides by 60

$920 + y = $926

y = $926 - $920 = $6

Champs Sports Bar will incur equal total costs if Pancho can hold annual shipping price per crate at $6.

7 0

3 years ago