Answer:
Total taxable income = $245,000
Total Tax = $84430
Explanation:
given data
11% of first = $40,000 profits
22% of next = $26,000
39% of next = $29,000
42% of over = $95,000
gross revenues = $380,000
total costs = $120,000
allowable tax deductions = $15,000
to find out
taxable income for the first year and how much should the company expect to pay in taxes
solution
we get here first Total taxable income that is
Total taxable income = Total revenue - (Total cost + Tax deductions ) .......................1
put here value we get
Total taxable income = $380,000 - ($120,000 + $15,000 )
Total taxable income = $380000 - $135000 = $245,000
so total tax will be
Total Tax = [0.11 × 40000 + 0.22 × 26000 + 0.39 × 29000 + 0.42 × (245000 95000) ]
Total Tax = 4400 + 5720 +11310 +63000
Total Tax = $84430
Two ways by which Customer Service and Support can affect sales are:
- Distributing marketing information
- Increased sales through responsiveness and personalization
<h3>What is the benefit of customer service and support to sales?</h3>
Customer service and support is very important to businesses because it helps them to deal with their customers which are very important to them making sales and profit. In order words, the work of customer service and support is very important to the profitability of a company.
One way that customer service and support can influence sales is by distributing marketing information. For instance, if a customer has an issue, the customer service rep can refer them to some marketing information. Customer service can also lead to increased sales when they engage in personalization and responsiveness and this makes the customer feel appreciated and thereby likely to patronize a company again.
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The department’ contribution to overhead is $35510.
<h3>How to calculate the department contribution to overhead?</h3>
Given, sales= $119,000;
cost of goods sold= $74,870;
total direct expenses= $8,620.
Gross profit = Sales - (COGS + Direct expenses)
Gross profit = $119,000 - ($74870 + $8620)
Gross profit = $35,510.
<h3>What are direct expenses?</h3>
Direct costs, commonly referred to as costs of goods sold (COGS), are expenses that are entirely attributable to the creation of a particular commodity or service. These expenses cover the direct costs of the materials required to make the product as well as maybe any labor charges that are utilized only to make the product.
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Answer:
the meaning of assessment is the evaluation or estimation of the nature, quality, or ability of someone or something. like your being tested on you knowledge of something, so you have a test.
Explanation:
Answer:
Explanation:
an entity relationship diagram is a graphical representation of entities and their relationship to each other. it is usually used for business needs.
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