Which is the difference between marginal cost and marginal revenue

inn [45]

i think the aswer is (A) <span>Checks are the most widely accepted form of payment.</span>

4 0

3 years ago

Judy has worked in customer service for 11 years. She has learned to listen actively and communicate effectively with the custom

mixas84 [53]

C sounds most correct.
please vote my answer branliest! Thanks.

8 0

3 years ago

Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In late December, he performed $

ICE Princess25 [194]

Answer:

Hank

a. After-tax income if bill is sent in December

= $30,000 * 0.68 (1 - 0.32) = $20,400

Return on investment of $20,400 * 1.01% = $20,604

b. if bill is sent in January

= $30,000 * 0.65 (1 - 0.35) = $19,500

c. Hank should send the bill in December.

d. with marginal tax rate = 24% next year, after-tax income

= $30,000 * 0.76 (1 - 0.24) = $22,800

e. He should send his bill in January.

Explanation:

a) Data:

Value of legal services for a client = $30,000

Marginal tax rate = 32% this year and 35% or 24% next year

After-tax rate of return = 12%

b) The after-tax income represents the amount of Hank's revenue that remains after tax has been deducted or paid. It is what belongs to Hank after the taxman has taken his cut.

7 0

3 years ago

Kingbird Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $249,600 and a r

dimulka [17.4K]

Answer:

The amount patent(s) should be reported on the December 31, 2020, balance sheet, assuming monthly amortization of patents, is $32,300.

Explanation:

This can be calculated as follows:

Patent book value = $249,600

Remaining useful years January 1, 2020 = 8

Remaining useful months of the patents from January 1, 2020 = Remaining useful years January 1, 2020 * 12 8 * 12 = 96

Monthly Patent book value = Patent book value / Remaining useful months = $249,600 = $2,600

Patent book value amortized from January 1, 2020 to December 1, 2020 = Monthly Patent book value * 12 = $2,600 * 12 = $31,200

Legal fee incurred = $93,500

Number of months from January 1, 2020 to December 1, 2020 = 11

Relevant months of legal fee incurred starting from December 1, 2020 = Remaining useful months of the patents from January 1, 2020 - Number of months from January 1, 2020 to December 1, 2020 = 96 - 11 = 85

Monthly legal fee = Legal fee incurred / Relevant months of legal fee incurred starting from December 1, 2020 = $93,500 / 85 = $1,100

Amount to report = Patent book value amortized from January 1, 2020 to December 1, 2020 + Monthly legal fee for December 1, 2020 only = $31,200 + $1,100 = $32,300

Therefore, the amount patent(s) should be reported on the December 31, 2020, balance sheet, assuming monthly amortization of patents, is $32,300.

3 0

2 years ago

Provide some examples of items that would be adjusted directly against equity, rather than being included as part of profit or l

Hunter-Best [27]

Answer:

1.Common Stocks Issues and Repurchases

2.Preference Stocks Issues and Repurchases

3.Dividends Declared

Explanation:

Common Stocks Issues and Repurchases

Common Stockholders have voting rights. The movement in the Stocks must be presented separately in the Statement of Changes in Equity.

Preference Stocks Issues and Repurchases

Preference Stockholders do not have voting rights. The movement in the Stocks must be presented separately in the Statement of Changes in Equity.

Dividends Declared

Dividends Paid are not included in Profit and Loss but in Statement of Changes in Equity.

Payment of Dividends adjusts the Retained Earnings Amount in Statement of Changes in Equity.

5 0

3 years ago