Answer:
$1,634
Explanation:
The computation of the additional tax to be paid is shown below:
Additional tax is
= Tax rate × net investment income
= 0.038 × $43,000
= $1,634
We simply multiplied the tax rate with the net investment income in order to determine the additional tax
Answer:
The correct answer is (A)
Explanation:
JIT stands for just in time; it is a process which is used to handle and coordinate the inventory management. The main goal is to handle the inventory efficiently to improve the flow of the system in a timely manner and to eliminate discrepancies in the inventory management system. Overall, it helps to eliminate the disruption and to make the system flexible and smooth.
Answer:
C
Explanation:
Individuals provide labor for factor markets and buy goods in product markets.
Market Activity is performed as two cycles moving in opposite directions. In one direction, there is a flow of goods and services from individuals to businesses and back again. This concept is simplified in that as laborers, we go to work to make things or provide services that people want.
Answer:
$13,200 per year
Explanation:
Amount incurred to improve the office space = $
Improvement expected to yield benefit = 10 years
Remaining life on it's lease = 8 years
Since the office space is not going to remain with Phoenix after the lease period, it means that the improvement expenses will be expensed over the remaining lease period I.e 8 years.
Therefore, the amount of expense that should be recorded the first year related to improvements can be calculated as;
= Amount incurred to improve the office space ÷ remaining life on its lease
= $105,600 ÷ 8
= $13,200 per year
A mission is abroad declaration of an organization's purpose that identifies the organization's products and customers and distinguishes the organization from its competitors.
Sometimes this is confused with vision. The vision is where the organization wants to be 5 - 10 years from now.
