If Austin cannot pay the entire balance in full by the
due date of the return, he can choose any options. Such as installment
agreement request by submitting form 9465. This installment
agreement allows Austin to make a series of monthly payments over time. Another
choice is by paying IRS for a full pay agreement of up to 120 days. In this
option, no penalty fee for full payment; however, interest and any applicable
penalties continue to accrue until your liability is paid in full. Moreover,
Austin can <span>consider financing the full payment of his tax
liability through a credit card. The interest rate and any applicable fees
charged by a credit card company are usually lower than the combination of
interest and penalties set by the Internal Revenue Code.</span>
Answer: $33,280
Explanation:
With FIFO, materials cost is added at the beginning.
Cost per unit of materials in production:
= 15,000 / 10,000
= $1.50
Cost per unit of conversion:
= 25,000 / Equivalent unit of production for conversion
Equivalent unit of production for conversion:
2,000 units were not transferred at the end of the month seeing as only 8,000 units were:
= 8,000 + (2,000 * 70%)
= 9,400 units
= 25,000 / 9,400
= $2.66
Amount transferred:
= 8,000 units * (Material cost + Conversion cost)
= 8,000 * (1.50 + 2.66)
= $33,280
Answer:
Two examples of important things that financial planning skills can help us do are:
- Acquire a strong savings habit
- Set realistic goals
Explanation:
Acquire a strong savings habit: This is achievable when a person has a clear understanding of how much are their expenses and how much is needed to be save in order to acquire capital goods or to construct a fund for unexpected costs.
Set realistic goals: When a person knows how much its income is and has a realistic financial planning he knows what goals are achievable and which are not.
Traditional economies still produce products and services that are a direct result of their beliefs, customs, traditions, religions, etc. Vast portions of the world still function under a traditional economic system. These areas tend to be rural, second- or third-world, and closely tied to the land, usually through farming.
However, there is an increasingly small population of nomadic peoples, and while their economies are certainly traditional, they often interact with other economies in order to sell, trade, barter, etc.
Learn about the complexities of globalization and how it shapes economic relationships and affects cultures with this <span>great class on the geography of globalization.</span>
Answer: a) It captures the full price that customers might be willing to pay for a product.
Explanation:
The cost-plus pricing method involves using the total cost to come up with a selling price by simply adding a markup that the company would like as profit to the total cost of the product per unit and then selling it at that price.
It is easy to justify to stakeholders, simplifies pricing processes and is quite easy to measure or estimate.
It however does not capture how much a customer may be willing to pay for for a good as it is based on the company's expenses and preferred profit.
