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3 years ago

The Earned Income Credit is one alternative to____controls.

Business

1 answer:

nevsk [136]3 years ago

7 0

The Earned Income Credit is one alternative to PRICE controls

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Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations a

Finger [1]

Answer:

Tiger Furnishings

The predetermined overhead rate

= $34.30 per direct labor hour

Explanation:

a) Data and Calculations:

Basic Dominator Total

Units produced 950 500 1,450

Machine-hours 3,200 2,400 5,600

Direct labor-hours 2,700 1,100 3,800

Direct materials costs $9,600 $3,900 $13,500

Direct labor costs 63,700 37,700 101,400

Manufacturing overhead costs 130,340

Total costs $245,240

b) Computation of the Predetermined overhead rate

= Total manufacturing overhead costs divided by total direct labor hours

= $130,340/3,800

= $34.30 per direct labor hour

6 0

3 years ago

The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended De

Sunny_sXe [5.5K]

Answer:

Explanation:

Net Income 490776

Add back depreciation 37752

Add back amortization 4719

Deduct gain on asset disposal (6292)

Increase in receivable (26500)

Decrease in payable (13075)

Increase in inventory (26775)

Increase in salary payable ( 2100)

Cash flow 458,505

The non cash expenses which are depreciation and the amortization cost are added back and non cash income like gain on the disposal of asset deducted to arrive at the net cash flow.

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4 years ago

Perit industries has $210,000 to invest. the company is trying to decide between two alternative uses of the funds. the alternat

kifflom [539]

Opportunity costs. If this is a grade school question.

7 0

3 years ago

Identify the type of cash flow activity for each of the following events (operating, investing, or financing): a. Redeemed bonds

Burka [1]

Answer is given below

Explanation:

type of cash flow activity

a. Redeemed bonds ---------------Fiancing

b Issued preferred stock -----------Fiancing

c. Paid cash dividends --------------Fiancing

d. Net income --------------------------Operating

e. Sold equipment --------------------Investing

f. Purchased treasury stock -------Fiancing

g. Purchased patents ----------------Investing

h. Purchased buildings -------------Investing

i. Sold long-term investments ----Investing

j. Issued bonds ------------------------Fiancing

k. Issued common stock -----------Fiancing

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3 years ago

Type the correct answer in the box. Spell all words correctly.

Vinvika [58]

Answer:

Being debt-free within 15 years is an example of a long-term goal.

Explanation:

One main characteristic of a long-term goal is that it involves a planning horizon that is more than 5 years during which some thoughts are paid to the goal, and the means of achieving it are marshalled out, and rigorously pursued. Long-terms goals are best broken into manageable, short-term, and medium-term goals to enable the decision-maker to accomplish her goal. The future is always uncertain, to achieve a long-term goal you must remain motivated.

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4 years ago