Answer:
$5,880
Explanation:
The computation of the value of inventory at the lower of cost or market value is shown below
= Number of units purchased × lower per unit
= 280 units $21
= $5,880
Since the lower value per unit is $21 among all given per unit value and the same is to be considered
All other information which is given is irrelevant. Hence, ignored it
Answer:
15.79%
Explanation:
The computation of the return on investment is shown below:
Return on investment = Operating Income ÷ New operating asset base
where,
Operating income is $60,000
And, the new operating asset is
= $500,000 - $120,000
= $380,000
So, the return on investment is
= $60,000 ÷ $380,000
= 15.79%
By dividing the operating income from the new operating asset base we can get the return on investment
Answer:
Focus it's concentration on tin and buy corn from a competent producer.
Explanation:
According to the comparative theory of advantage, since it is well known that the Tinians are very good in the mining of tin but their terrain and climate makes it difficult for them to produce corn it is advisable for the Tinians to focus fully on the production of tin and then buy corn from a capable producer.
Answer: 2,200 units.
Explanation:
The complete exercise is:
A manufacturer shipped units of a certain product to two locations. The equation above shows the total shipping cost T, in dollars, for shipping c units to the closer location and shipping f units to the farther location. If the total shipping cost was $47,000 and 3,000 units were shipped to the farther location, how many units were shipped to the closer location?
Given the following equation:
You know that "T" is the total shipping cost (in dollars), "c" is the number of units shipped to the closer location and "f" is the number of units shipped to the farther location.
Based on the information given in the exercise, you can identify that, in this case:
Then, knowing those values, you need to substitute them into the given equation:
And finally, you must solve for "c" in order to calculate the number of units that were shipped to the closer location.
You get that this is:
Answer:
option (d) $1.40 taxable income rather than $1.00 tax-exempt income
Explanation:
The taxpayer would prefer option (d) $1.40 taxable income rather than $1.00 tax-exempt income
The above statement will be chosen because in this case the after tax income will be greater than the tax exempt according to the condition given in the question
Given:
Marginal Tax bracket = 25%
thus,
Taxable income = $1.40
Tax = $1.40 × 0.25 = $0.35
Therefore,
The net income = Taxable income - Tax = $1.40 - $0.35 = $1.05
and,
$1.05 > $1.00
