Answer:
$32,600
Explanation:
Calculation to determine her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard
Using this formula
Itemized deduction =(Financing amount * 6 percent)+(Additional amount borrowed*interest rate of 8 percent)
Let plug in the formula
Itemized deduction=( $350,000 * 6 percent)+($145,000 *8 percent)
Itemized deduction=($21,000+$11,600)
Itemized deduction=$32,600
Therefore her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard wi be $32,600
In accounting, Explicit cost is the cost deducted total revenue to derive the Accounting profit.
In layman word, Profit means the amount gained on a transaction done. In accounting, profit is referred to as financial profit because it is the net income earned after the deduction of all incurring costs from total revenue.
The Incurred cost is what is Explicit Cost. Explicit cost means the direct payment made to facilitate running of the business. This cost includes wage, rent, materials, raw materials etc
Therefore, the correct answer is Explicit cost because after its deduction from total revenue, the accounting profit is what remains.
Learn more about Accounting Profit here
<em>brainly.com/question/15699405</em>
Answer:
Estimated manufacturing overhead rate= $2.75 per machine hour
Explanation:
Giving the following information:
Overhead costs are estimated to total $348,425 for the year, and machine usage is estimated at 126,700 hours.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 348,425/126,700= $2.75 per machine hour
Answer:
Gross profit is $26,734.73
Explanation:
Cost per unit of production =$27,357/10,000
=$2.73
Cost of goods sold= Opening stocks +production - closing stock
Cost of goods sold = 0 +$27,357- ( $2.73 *(10,000-7,811) )
= $ 21,381.03
Gross Profit = ( $6.16*7,811 ) -$ 21,381.03
= $26,734.73
Gross margin = $26,734.73/$48,115.76 *100%= 55.56%
This represents profit portion before removing operational expenses .
Answer: d)
Explanation: Trademark law protects a trademark owner's exclusive right to use a trademark when use of the mark by another would be likely to cause consumer confusion as to the source or origin of goods. Trademark law is a federal issue, and as such, the Lanham Act is the federal statute which governs trademarks. Section 43(a) of the Lanham Act (15 U.S.C 1125(a)) creates a federal cause of action for what has traditionally been called unfair competition: a false designation of origin or other misleading information used in connection with the sale of a good or service, or misleading advertising. The Lanham Act prohibits trademark infringement and false advertising-conduct that is often immediately apparent because it occurs out in the open in the public forum of advertising. With the surging popularity of the internet over the last decade, new Lanham Act issues have arisen including whether website metadata-information that consumers never see-can infringe a trademark and violate the Lanham Act.