Answer:
The amounts that Sandoval should recognize as current tax expense in Years 1 and 2 are $29,000 and $34,000, respectively.
Explanation:
year 1:
$80,000*30% + $20,000*25%
= $29,000
year 2:
$120,000*30% - $40,000*(30%-25%)
= $34,000
Therefore, The amounts that Sandoval should recognize as current tax expense in Years 1 and 2 are $29,000 and $34,000, respectively.
Answer:
$71,300
Explanation:
Stuart and Pamela Gibson
Casualty loss $13,600
[$48,600 – (10% × $350,000)]
Home mortgage interest 19,000
State tax 10,000
(18,000 income and 16,300 property
Limited to 10,000)
Charitable Contributions 28,700
Total itemized deductions 71,300
Answer:
Contingent workers
Explanation:
Contingent workers are people hired to do a specific assignment in an organization. They consist of independent workers, freelancers, consultants, out-sourced employees, and other non-permanent workers who are hired on per job basis. Contingent workers are not considered employees of the organization.
Contingent workers are usually highly skilled, unlike most of the temporary workers. They are hired to work on specific tasks in their areas of specialization. Contingent workers exit a company after their task is completed. They may be re-hired by the same company or any other institution. For example, a tax consultant may be contacted to do tax calculations in a company. Once the assignment is over, they get paid and leave the organization.
Answer:
Cindy has more amount than Jimmy.
Explanation:
Amount invested by Cindy P = $3000
Annual rate of interest = 8%
As the amount is compounded semiannually
So rate of interest
%
Time = 20 year
So time period n = 20×2 = 40
So amount own by Cindy 
$
Amount deposit by jimmy P = $3000
Annual rate of interest = 7.75 %
As the amount is compounded monthly
So rate of interest
%
Time period = 20×12 = 240
So amount own by Jimmy 
$
From the calculation we can see that Cindy has more amount than Jimmy.
Answer:
Explanation:
Fixed costs - will remain similar no matter of output amount
Variable costs - vary with the change in output
Average cost=(Fixed cost(FC) + Variable cost(VC))/number of units produced
VC = VC per cup of coffee served *cup of coffee served in a week
Total Cost(TC)= FC+VC
Average cost=TC/Cup of coffee served in a week
1. Let's calculate for 2000 cups of coffee:
FC remain the same! = $1200
VC=0.22*2000= $440
TC=FC+VC= 1200+440= $1640
Average cost of 1 cup of coffee= TC/#of cups=1640/2000=$0.82
2. Calculation for 2100 cups:
FC=1200
VC=0.22*2100=462
TC=1200+462=1662
Av cost=1662/2100=0.79
3. Calculation for 2200 cups:
FC=1200
VC=0.22*2200=484
TC=1200+484=1684
Av cost=1684/2200=0.77
As the number of cups increased from 2000 to 2100, the average cost per cup devreased 0.82 to 0.79. Then when number of cups increased to 2200, average cost decreased to 0.77. The reduction is due to the variable cost