Answer: $46,950
Explanation:
a. All sources of income should be included including illegal ones.
b. Gain = 1,000 (32 - 31)
= $1,000
c. Gain = Amount received - Amount paid apportioned per year
= 25,000 - (210,000/20)
= 25,000 - 10,500
= $14,500
d. Not included as disability benefits are not included.
e. The $300 is deductible but the $200 that went towards car payment is not.
f. Taxation principles require that the person taxed should be the person earning the income so Ken will not be charged on the $1,100
g. The relevant figure here is the tax benefit before the $610 refund.
Ken claimed $6,250 in itemized deduction but the standard deduction is $6,200. Ken gained;
= 6,250 - 6,2000
= $50
h. The $30,000 is included as Ken earned it.
Gross Income = 1,200 + 1,000 + 14,500 + 200 + 50 + 30,000
= $46,950
Answer:
C. A portfolio consisting of about three randomly selected stocks from different sectors
Explanation:
Standard deviation helps measure risks. It determines market volatility or the spread of asset price from their average price. When the volatility of prices are rapid, standard deviation becomes high which in turn means investment is risky and vice versa. Diversification of investment tend to reduce risk. A portfolio containing a diversified randomly selected stock from three sectors would have a lower standard deviation (risk) than the other portfolios stated in the question.
Diversification is a form of risk management.
If this is an opinion question, then my answer would be that the companies should chose where their products are distributed. This can be based off of their product availability, company income, and other factors such as how well they sell their shoes. This can affect how able they are to supply shoes without generating money back from the schools.
Answer:
Total equivalent units= 16,800
Explanation:
Giving the following information:
Beginning inventory= 1,100 units 80% complete
Units produced= 10,500 units
Ending WIP= 10,500 60% complete
<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>
Beginning inventory= 0
Units completed in the period= 100%
Ending inventory WIP= units*completion
<u>In this exercise:</u>
Beginning inventory= 0
Units completed in the period= 10,500
Ending inventory WIP= 10,500*0.6
Total equivalent units= 16,800
Answer:
Predetermined overhead rate is $9 per labor hour
Explanation:
Estimated Direct-labor hours = 10,000
Estimated Manufacturing overheads = Estimated Fixed overheads + Estimated variable overheads
Estimated Manufacturing overheads = $50,000 + $40,000
Estimated Manufacturing overheads = $90,000
Predetermined overhead rate = Estimated Manufacturing overheads / Estimated Direct-labor hours
Predetermined overhead rate = 90,000 / 10,000 = $9 per labor hour
