Answer:
private saving = $2700
Explanation:
given data
GDP = $10,000
Consumption = $6,000
Government spending = $1,500
deficit = $200
solution
we know here equation of GDP that is express as
GDP = Consumption + investment + Government spending ...................1
we consider here tax revenue that is = T
T - Government spending = - deficit
T = Government spending - deficit
T = $1500 - $200
T = $1300
so we can say from equation 1
( GDP - Consumption - T ) + ( T - Government spending ) = investment
and investment = private saving + public saving
so private saving will be
private saving = GDP - Consumption - tax revenue ................2
private saving = $10000 - $6000 - $1300
private saving = $2700
Answer:
A. $68,200
Explanation:
Retail Cost
Beginning inventory $60,000
$120,000
Plus: Net purchases. $312,000
$480,000
Goods available for sale $372,000
$600,000
Cost to retail percentage = $372,000 ÷ $600,000 = 62%
Less : Net sales
($490,000)
Estimated ending inventory at retail
$110,000
Estimated ending inventory at cost
62% × $110,000 = $68,200
Answer:
d. $73,500
Explanation:
The computation of the estimated total manufacturing overhead for the customizing department is shown below:
= Total fixed manufacturing overhead cost + Variable manufacturing overhead cost
where,
the variable manufacturing overhead cost = Customized Direct labor-hours × Variable manufacturing overhead per direct labor-hour
= 7,000 units × $5
= $35,000
And, the Total fixed manufacturing overhead cost is $38,500
Now put these values to the above formula
So, the answer would be equal to
= $38,500 + ($7,000 hours × $5 per hour)
= $38,500 + $35,000
= $73,500
Answer:
1. a. Days of Personal Use:
= Days stayed personally + Days rented at a discount + Days rented to family
= 19 + 14 + 11 + 12
= 56 days
b. Days of rental use:
= Days rented to third parties at full rate + Days taken for repairs and maintenance
= 72 + 2
= 74 days
2. Deductible tax amount:
= Real property taxes to state government + Property taxes on land held as investment
= 2,700 + 1,430
= $4,130
<em>The Johnsens may not deduct the amount paid for the assessment for the sidewalks as they are considered local benefits much like streets and these are not tax deductible. </em>
