Aliyah Earned Bonus of $ 6000
30% of $ 6000 = $ 1800
Therefore remaining amount after paying tax = $ (6000 - 1800)
= $ 4200
Hence, She invested total amount of $ 4200 in two stocks say, x and y
let x - stock that returned 10 % after 1 year
and y - stock that returned 4 % after 1 year
x + y = 4200 equation 1
&, (x * 1 * 10)/(100) = 0.1 x
, (y*1*4)/(100)= 0.04 y
Now, from given conditions,
0.1 x + 0.04 y = 240 equation 2
by solving equation 1 and 2 simultaneously we get x and y as,
x = $ 1200 and
y = $ 3000
Answer:
The costs assigned to ending inventory based on the LIFO method under periodic inventory system are:
= $450.
Explanation:
a) Data and Calculations:
On January 26, the company sells 350 units. 150 units remain in ending inventory at January 31.
Units Unit Cost Total Cost
Beginning inventory on January 1 320 $ 3.00 $960
Purchase on January 9 80 3.20 256
Purchase on January 25 100 3.34 334
Tota units available for sale 500 $1,550
Sales on January 26 350 $1,100
Ending inventory at January 31 150 $3.00 $450
Answer:She does not have to file a tax return.
Explanation:She is below the poverty line.
Answer:
Unemployment rate= 0.13= 13%
Explanation:
Giving the following information:
Of these 95 individuals, 75 are in the labor force and 65 are employed.
<u>To calculate the unemployment rate, we need to use the following formula:</u>
<u></u>
Unemployment rate= unmeployed population / labor force
Unemployment rate= 10/75
Unemployment rate= 0.13
Answer:
C. Significant amounts of indirect costs are allocated using only one or two cost pools.
D. All or most indirect costs are identified as output unit-level costs.
E. Products make diverse demands on resources because of differences in volume, process steps, batch size, or complexity.
F. Products that a company is well suited to make and sell show small profits, whereas products that a company is less suited to produce and sell show large profits.
Explanation:
ABC (activity based costs) method focuses on individual activities as the main cost objects. After it determines the cost of individual activities, it uses them as the basis for assigning costs to products and services. ABC method allocates overhead costs based on the main cost objects.
