<h3>California Inc Estimated ending inventory is $319,000
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Explanation:
Goods available for sale = Beginning inventory + Net purchases
- California Inc Beginning inventory $310,000
- California Inc Net purchases = $905,000
- California Inc Goods available for sale = $1,215,000
Gross profit = Net sales * profit %
- California Inc Net sales = $1,280,000
- California Inc gross profit = 30%
- California Inc gross profit = $384,000
Estimated cost of goods sold = Net sales - Gross profit
- California Inc Estimated cost of goods sold = $1,280,000 - $384,000
- California Inc Estimated cost of goods sold = $896,000
Estimated ending inventory = Goods available for sale - Cost of goods sold
- California Inc Estimated ending inventory = $1,215,000 - $896,000
- California Inc Estimated ending inventory = $319,000
California Inc Estimated ending inventory is $319,000
Answer:
Reduction in Tax Needed = $ 13.33
Explanation:
Tax Multiplier shows magnitude of change (decrease) in income due to tax change (rise) .
Tax Multiplier = ΔY / ΔT = - MPC / (1- MPC)
Given : Change in Income needed [ΔY] = 40
MPC = 0.75
Putting in formula ;
40 / ΔT = - 0.75 / (1- 0.75)
40 / ΔT = - 0.75 / 0.25
40 / ΔT = - 3
ΔT = - 40/ 3
ΔT = - 13.33
Answer:
The variable cost per mile is $1.50
The fixed cost element is $2,261
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High Total cost - low total cost) ÷ (High miles driven - low miles driven)
= ($15,011 - $13,503) ÷ (8,500 - 7,495)
= $1,508 ÷ 1,005 hours
= $1.50
Now the fixed cost equal to
= High operating cost - (High miles driven × Variable cost per hour)
= $15,011 - (8,500 × $1.50)
= $15,011 - $12,750
= $2,261
Answer:
A student spends three hours and $20 at the movies the night before an exam. The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment).
Explanation:
B. False
Explanation: you do not need a college degree to enter the military
