Answer:
D. $2.67
Explanation:
On the high-low method we compare the diference between the highest level and lowest level of activity.
highest 500 dogs 3,600 (fixed + variable cost)
less
lowest 200 dogs 2,800 (fixed + variable cost)
300 dogs 800 variable cost
800/300 = variable cost per dog = 2.6666667 = (2 + 2/3) variable cost of water bill
800 x (2 + 2/3) + fixed cost = 3,600
2133,3333 + fixed cost = 3600
fixed cost = 3,600 - 2,133.33 = 1,466.66667
A person's annual income is $40,000. She subtracts $2,000 for donations to charity. If she is also given a $3,000 tax credit, her total income would be $38,000.
<h3>What is the tax credit?</h3>
Tax credits are financial incentives that let some taxpayers deduct their accumulated credits from the total amount they repose on the state.
It can also be called as a “discount” that is offered by the state in some circumstances, or a credit given in recognition of prior tax payments. It is not considered as a part of person's income.
The person's gross income would be $38,000 ($40,000 – $2000), here, the Gross Income does not include the deduction, this is considered in the Net taxable income.
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Many of today's automobiles come daytime running lights equipped with automatic.
<h3>
What is daytime running lights ?</h3>
- Daytime running lights are used to increase a vehicle's visibility during the day and warn other motorists when/if they are in their blind spot.
- This increases visibility and safety.
- This feature is very helpful for motorcycle safety because daytime running lights make motorcycles more visible.
- After you turn on your automobile, if the DRL warning light is still on, your headlights may have a bad bulb or a bad circuit.
- During the day, most drivers turn their headlights off. A DRL enhances road safety by helping drivers see other vehicles quickly.
When did DRL become mandatory?
- Since 2011, all new vehicles and small vans sold in the EU have been legally required to have DRLs installed in the front.
- Although some manufacturers opt to install them there as well, it is not obligatory.
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Answer:
$9,200
Explanation:
Calculation to determine the budgeted cost of goods sold for October
Using this formula
Budgeted cost of goods sold for October =Cost of ski boots + Inventory at the beginning - Inventory at the end
Let plug in the formula
Budgeted cost of goods sold for October = $2800 + $8200 - $1800
Budgeted cost of goods sold for October= $9200
Therefore the budgeted cost of goods sold for October is $9,200
Answer:
2 years
Explanation:
Payback period is the amount of time it takes to recover the amount invested in a project from its cumulative cash flows
In the first year, -$85,000 + $30,000 = -$55,000 is recovered
In the second year, -$55,000 + $55,000 = 0
The total amount invested is recovered in the second year
