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3 years ago

13

The decision to accept an additional volume of business should be based on a comparison of the revenue from the additional busin

ess with the sunk costs of producing that revenue.
a) true
b) false

1 answer:

musickatia [10]3 years ago

7 0

Answer:

false

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. it should not be considered when making future decisions

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Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2021. During that time, he earned

laila [671]

The total amount of FICA Taxes (self-employment and employment related) that Kyle owes for 2021 is $17,181.

Data and Calculations:

Kyle = single taxpayer

Self-employment income for three months = $44,000

Employment income for nine months = $178,000

Total income for 2021 = $222,000

FICA taxes:

Social Security tax = $13,764 ($222,000 x 6.2%)

Medicare tax = $3,219 ($222,000 x 1.45%)

Additional Medicare tax = $198 ($22,000 x 0.9%) ($222,000 - $200,000)

Total FICA taxes = $17,181 ($13,764 + $3,219 + $198)

Thus, Kyle's total FICA taxes for 2021 is $17,181.

Learn more about calculating FICA taxes at brainly.com/question/21750517

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3 years ago

What should you be concerned about if you are<br> going to buy television ads for your business?

vladimir1956 [14]

Answer:

Explained below.

Explanation:

The things I will be concerned about if I am going to buy television ads for my business are given as follows:

* I will choose the right time of the day for the advertisement.

* I will be staying within my budgetary limits as well.

* I will check my ads after it has been posted, just a little component of my ad may be dropping the mark.

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3 years ago

On November 1, Arvelo Corporation had $32,000 of raw materials on hand. During the month, the company purchased an additional $7

Maurinko [17]

Answer:

Option (c) is correct.

Explanation:

Given that,

Raw materials on hand = $32,000

Purchased an additional raw materials = $78,000

During November,

Raw materials were requisitioned = $95,000

Totaled indirect materials = $3,000

The journal entry is as follows:

Work in process inventory (95,000 - 3,000) A/c Dr. $92,000

Manufacturing overhead A/c Dr. $3,000

To Raw material A/c $95,000

The work in process is debited by $92,000 and raw material is credit by $95,000.

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3 years ago

A bond investor buys a municipal bond with a face value of $100,000 and a 3% coupon. The bond matures in one year. The investor

Marat540 [252]

Answer:

3.5%

Explanation:

The formula to calculate total return is: Profit/Original Cost. 100,000 x .03 = $3,000 interest. $3,000 interest + 100,000 principal = 103,000 cash flow. $103,000 - 99,500 = $3,500 gain. $3,500 gain/$99,500 cost = .03518. .03518 = 3.5%

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3 years ago

In business writing, it is effective to tell a story because readers can_____.

Elan Coil [88]

Write the story brief so the readers can paraphrase. they can basically rewrite it.<span />

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3 years ago

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