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3 years ago

Emily, who lives in Indiana, volunteered to travel to Louisiana in March to work on a home-building project for

Business

1 answer:

solmaris [256]3 years ago

3 0

Answer:

D) $2,200

Explanation:

The IRS does not allow individuals to deduct time spent as a volunteer from their gross income, volunteers can only deduct certain expenses related to the activity.

The only things that Emily can deduct for this charitable activity are transportation costs, lodging costs and meals:

Emily's deduction = $600 + $1,200 + $400 = $2,200

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Consider the market for coffee beans. Suppose that the prices of all other caffeinated beverages go up 30 percent while at the s

wlad13 [49]

Answer:

A. Both the equilibrium price and the quantity will rise.

Explanation:

Coffee beans and caffeinated beverages can be described as substitute goods. The two products offer the same solutions to customers. A rise in the price of one will lead to an increase in demand for the other. Customers will avoid the expensive option, thereby increasing the demand for a cost-friendly product. A 30 percent increase in the price of caffeinated beverages will increase the demand and equilibrium quantity of coffee beans.

An increase in demand results in a rise in prices. The use of fertilizer to boost production will improve production and increase equilibrium quantity. The equilibrium price will remain high due to the increase in the prices of the substitute goods.

7 0

3 years ago

Arktec manufacturing must choose between the following two capacity options:

Svetlanka [38]

Answer:

See below

Explanation:

A. The cost for each for each option;

•If demand level is 25,000 units per year

Option 1 = $500,000 + ($2 × 25,000 unit

= $500,000 + $50,000

= $550,000

Option 2 = $100,000 + ($10 × 25,000 units)

= $100,000 + $250,000

= $350,000

• If the demand level is 75,000 units per year

Option 1 = $500,000 + ($2 × 75,000 units)

= $500,000 + $150,000

= $650,000

Option 2 = $100,000 + ($10 × 75,000 units)

= $100,000 + $750,000

= $850,000

B. As the volume level increases, option 1 will be better since the variable cost is lower. As the volume decreases, option 2 will be better as the fixed cost is lower.

C. The indifference point

= Differential fixed cost/Differential variable cost per unit

= [$500,000 - $100,000]/[$10 -$2]

= $400,000/$8

= 50,000 units

5 0

3 years ago

Newton Inc. uses a calendar year for financial reporting. The company is authorized to issue 9,053,000 shares of $10 par common

DedPeter [7]

Answer:

1. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 2,654,300 shares.

2. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2014 is 4,256,300 shares

3. The weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 8,512,600 shares

4. The weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 is 9,580,600 shares.

Explanation:

1. To calculate the weighted-average number of common shares used in computing earnings per common share for 2013 on the 2014 comparative income statement we would have to ake the following calculation:

Jan1.2013-Sep30.2013(2,413,000*9/12)=1,809,750

retroactive adjustment for stock dividend ×1.10

Jan1.2013-Sep30.2013 adjusted= 1,990,725

Oct.2013-Dec31.2013(2,654,300*3/12)= 663,575

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 2,654,300 shares.

2. To calculate the weighted-average number of common shares used in computing earnings per common share for 2014 on the 2014 comparative income statement we would have to make the following calculation:

Jan1.2014 -Mar31.2014(2654300*3/12) 663575

April1.2014 -Dec31.2014 (4790300*9/12) 3592725

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2014 is 4,256,300 shares

3. To calculate the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 comparative income statement we would have to make the following calculation:

2014 weighted average no of shares 4256300

Retroactive adjustment for stock split ×2 =8512600

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2014 on the 2015 is 8,512,600 shares

4. To calculate the weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 comparative income statement we would have to make the following calculation:

Jan1.2015-Mar31.2015 (4790300*3/12)=1197575

Retroactive adjustment for stock split ×2

Jan1-Mar31.2015 adjusted. 2395150

Mar1.-Dec31.2015 (9580600*9/12)= 7185450

Therefore, the weighted-average number of common shares to be used in computing earnings per common share for 2015 on the 2015 is 9,580,600 shares.

8 0

3 years ago

What factors might have caused the auditor to inappropriately accept the assertions by management that the vendor allowances sho

Korvikt [17]

Auditors may be inclined to accept client representations because of a natural bias to want <span>to trust the client.
Before doing the auditing process, auditor usually receive a small briefing from the management team on the financial system that they use in recording their transactions. </span>If these allowances had been used in the past the auditor<span> may have been inclined to accept them as regular business practices</span>

6 0

3 years ago

Which of the following integrates the functions of operations management, logistics management, procurement, and marketing chann

MA_775_DIABLO [31]

Answer: Supply chain management

Explanation: The supply chain management is a form of organizational management that oversees the production, storing and distribution of the products from a manufacturing company to the end user/retailer. The supply chain manager ensures that the right amount of product is produced to meet the needs of the target market.

The supply chain manager also supervises the various channels of supply of a company's product.

7 0

3 years ago