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3 years ago

9

Mr. Small, store manager for Jay's Appliance, is having a difficult time placing a selling price on a refrigerator that cost $41

0. Mr. Small knows his boss would like to have a 45 percent markup based on cost. The selling price should be

1 answer:

Dvinal [7]3 years ago

7 0

The answer is $594.50, hope this helped you

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Tax planning Question 6 options: guides investment activities to maximize after-tax returns over the long term for an acceptable

krok68 [10]

Answer:

guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk

Explanation:

Given that the purpose of Tax planning is to ensure that there is tax efficiency for the firm, in an after-tax evaluation, the goal of the firm in terms of returns or profits is toll achieved.

Hence, in this case, the correct answer to the question is that TAX PLANNING "guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk."

8 0

3 years ago

g n a process cost system, 108,000 units of a product are assembled in Department F with total product cost (DM, DL, and FO) $90

ivolga24 [154]

Answer:

Journal Entry

Debit Department G Work in Process $90,000

Credit Department F Work in Process $90,000

To record the transfer of product cost from Department F to Department G.

Explanation:

a) Data and Calculations:

Number of units assembled in Department F = 108,000

Total product cost (DM, DL, and FO) = $90,000

Additional inspection cost in Department H = $26,000

Total product cost = $116,000 ($90,000 + $26,000)

Transfer of product cost from Department F to Department G:

Department G Work in Process $90,000

Department F Work in Process $90,000

4 0

3 years ago

Which of the following statements about lump-sum taxes is correct A. A lump-sum tax means that tax revenues vary directly with G

Deffense [45]

D

Lump-sum taxes are described as regressive taxes, meaning that the more income one has, the less they pay in proportion of their income to tax. As a result, they all pay the same, which coincides with D.

3 0

3 years ago

Annie invested in a set of stocks and made $4,000 in profit. She has learned that she will have to pay taxes on the profit she h

Temka [501]

State tax is 5%, so 0,05
0,05•4000=200$

Federal tax is 25% so 0,25
0,25•4000=1000$

Total of taxes to pay =1000+200=1200$

So the real profit will be
4000-1200=3800$

The real value of Annie's profit is 3800$

8 0

3 years ago

Read 2 more answers

Bricker Enterprises purchased a machine for $100,000 on October 1, 2012. The estimated service life is ten years with a $10,000

Gekata [30.6K]

Answer:

Depreciation expense for 2012, using straight-line, is $2,250.

Explanation:

Depreciation : The depreciation denotes a decreasing value of an asset. The depreciation is charged for one time in a particular year and it continues till its useful life. Due to passage of time, tear and wear, Obsolescence, the asset value diminishing.

There are various methods to compute depreciation of a long term asset. Such as - Straight Line Method, Written Down value method, Double declining method, Units of production method,etc.

Depreciation formula under SLM method

= (Purchase price of machine - Residual value) ÷ Useful life

Since, in the question the machine is purchased on October 1. So, from October 1 to December 31, there are 3 months. So we calculate the depreciation amount for 3 months.

Assume, the books of accounts is closed in December 31.

Thus,

Depreciation amount = ($100,000 - $10,000) ÷ 10 years

= $9,000

Partly year depreciation for 3 months = $9,000 × 3 ÷ 12

= $2,250

Therefore, Depreciation expense for 2012, using straight-line, is $2,250.

3 0

3 years ago