Answer: $319,200
Explanation:
Tax = ( Net Income + Dividend + capital gains ) * tax rate
Net Income = Sales - COGS - Operating Cost - Depreciation - Interest
= 5,000,000 - 3,000,000 - 175,000 - 125,000 - 200,000
= $1,500,000
Tax = (1,500,000 + 40,000 + ( 40,000 - 60,000) ) * 21%
= $319,200
Answer:
$36,000
Explanation:
The first step is to calculate the fair value of the new truck
(List price-cash paid with trade)-(original cost -accumulated depreciation)
= (36,000-30,000)-(24,000-16,000)
= 6000-8000
= loss of $2000
Therefore the cost of the new truck for financial accounting purposes can be calculated as follows
(Original cost- accumulated depreciation)+cash paid with trade-loss
= (24,000-16,000)+30,000-2000
= 8,000 + 30,000 - 2,000
= 38,000-2,000
= $36,000
Hence the cost of the new truck for financial accounting purposes is $36,000
Answer:
Explained
Explanation:
Change control process has a purpose to ensure that the changes are made within a project in a consisted manner and the appropriate stake holders are informed about the state of the product, changes to it and the cost and the schedule impact of these changes. The change control board in a software company often consists of the development manager, the test lead and the product manager( Subject matter expert).
Answer: Career mystique.
Explanation:
Jane has a believe that hard work and consistency would help her become a very successful career person, this belief type is an example of one with a career mystique mentality. An individual with career mystique mentality depends more on hardwork and consistency than actually gathering the needed skill required to excel in career.
<u>Answer:</u> Reciprocal method
<u>Explanation:</u>
Under reciprocal method the cost incurred is allocated to other departments using some equations. Using this method the costs can be accurately distributed. It is also a complicated method of allocating the costs. The service department costs are allocated to and from other service departments.
The overhead costs are allocated based on the objective method. The service department costs can be allocated to the production departments and other departments. The efficiency of the service departments can also be identified.