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3 years ago

2. What would you say to some who said that citizens had no right to know where their federal income tax money goes?

1 answer:

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Federal tax dollars are collected from citizens to use for programs and infrastructure that is supposed to be used for public good, such as early childhood education, social security, roads, bridges, etc. Since the money is from citizens and for citizens, they should know how the money is spent so they can hold their elected representative accountable.

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At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fix

Scorpion4ik [409]

Answer:

Total cost= $385,000

Explanation:

Giving the following information:

Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fixed factory overhead of $28,000 for 8,000 hours of production.

First, we need to calculate the unitary hourly rate for the department:

Total cost= 110,000 + 170,000 + 28,000= 308,000

Hourly cost= 308,000/8,000= $38.5

Now, for 10,000 hours:

Total cost= 38.5*10,000= $385,000

6 0

3 years ago

Mill Co.’s allowance for credit losses was $100,000 at the end of Year 2 and $90,000 at the end of Year 1. For the year ended De

MatroZZZ [7]

Answer:

The amount worth $6,000 will be debited to the account in Year 2

Explanation:

When the uncollectible accounts are written off, then the debit is created to the allowance and the credit to the accounts receivable. The starting balance in the allowance account is $90,000 and the ending balance is $100,000 and the expense of bad debt is $16,000

The write off is computed as:

Write off = Beginning balance + Bad debt expense - Ending balance

= $90,000 + $16,000 - $100,000

= $106,000 - $100,000

= $6,000

Therefore, the amount of $6,000 is to be write off in Year 2

7 0

3 years ago

A ticket to a concert costs $45. You have a ticket and can resell it for $75. Your opportunity cost of actually attending the co

Amanda [17]

Answer:

$75

Explanation:

7 0

2 years ago

JUJU's dividend next year is expected to be $1.50. It is trading at $45 and is expected to grow at 9 percent per year. What is J

Kisachek [45]

Answer:

3.33%; 9%

Explanation:

Given that,

Expected dividend next year = $1.50

Trading at = $45

Expected growth rate per year = 9 percent

Dividend yield = (Expected dividend next year ÷ Trading amount) × 100

= ($1.50 ÷ $45) × 100

= 0.0333 × 100

= 3.33%

The capital gain of JUJU is same as the expected growth rate i.e 9 percent.

5 0

3 years ago

State any four uses of funding in a new business

miss Akunina [59]

Answer:

Some of these funding options are for Indian business, however, similar alternatives are available in different countries.

Bootstrapping your startup business
Crowdfunding As A Funding Option
Get Angel Investment In Your Startup
Get Venture Capital For Your Business

7 0

3 years ago