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3 years ago

Your adjusted gross income is your gross income minus specific deductions. true or false?

Business

2 answers:

STALIN [3.7K]3 years ago

8 0

The answer to that is true

REY [17]3 years ago

6 0

The answer is true that the answer

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Overton Company has gathered the following information. Units in beginning work in process 21,400 Units started into production

Sindrei [870]

Answer:

Equivalent Units of Production for Material = 226,700

Euqivalent Units of Production for Conversion = 216,700

Explanation:

The question is to Compute equivalent units of production for máterials and for conversion costs.

First, it should be noted that the Weighted Average Method will be employed as follows

Description Units %Mate. Equiv. Mat. % Conven Equiv. Conv

Completed & Transf. 201,700 100% 201,700 100% 201,700

Ending Work in Prog. 25,000 100% 25,000 60% 15,000

Equivalent. Produc. 226,700 216,700

Note: To determine the Equivalent material of 201,700 above is as follows

Opening Work in Progress + Units Started into Production - Ending Work in Progress

= 21,400+ 205,300 - 25,000 = 201,700 units

4 0

3 years ago

Clark corporation has an average collection period of 7 days, an inventory conversion period of 30 days, and a payables deferr

Mamont248 [21]

Clark's cash conversion cycle is 37 days.

4 0

3 years ago

The United States economy is considered by the Institute for Management Development to be the most competitive economy because:_

ziro4ka [17]

Answer:

a. of widespread entrepreneurship.

Explanation:

According to the Institute for Management Development, a business education school that is situated in Lausanne, Switzerland. In its annual rankings on the performance of 63 economies across the globe. In 2018 rated the United States of America as the topmost economy in competitiveness. Based on various data gathered and surveyed, the education school cited "widespread entrepreneurship" as the major reason behind it.

8 0

3 years ago

Using the following information, what is the amount of net income? Purchases $ 33,114 Selling expenses $ 677 Merchandise invento

NeX [460]

The net income is $32,961

Explanation:

To calculate the net income, we will classify the transaction into income and expenses, and compute the difference between their totals;

Income;

Merchandise inventory Sept. 1 = $ 7,740

Merchandise inventory Sept. 30 = $ 11,372

Sales = $ 50,575

Total = $ 69,687

Expenses;

Purchases = $ 33,114

Selling expenses = $ 677

Administrative expense = $ 665

Rent Revenue = $ 1,118

Interest expense = $ 1,152

Total = $ 36,726

Net income = Total income - Total expenses

= 69,687 - 36,716

= $ 32,961

4 0

3 years ago

Kenny Electric Company's noncallable bonds were issued several years ago and now have 20 years to maturity. These bonds have a 9

murzikaleks [220]

Answer:

d. 5.08%

Explanation:

We have to first calculate the YTM of the bond, and then apply the tax shield.

To get the YTM we have to calculate the rate of return of an annuity of 46.25 for 20 years compounding semiannually at IRR rate and the present value of the face value redeem in 20 years.

$C \times \frac{1-(1+r)^{-time} }{rate} +Face\:Value/(1+rate)^{time}= PV\\$

$46.25 \times \frac{1-(1+IRR/2)^{-20*2} }{rate} + 1000/(1+IRR)^{20}= 1075\\$

IRR = 0.084656891 (it should be done using financial calculator or excel or a similar software program)

then we apply the shield tax to the IRR:

IRR x (1 - tax-rate) = Cost of debt

0.084656891 * ( 1 - 0.4) = 5.0794= 5.08

3 0

3 years ago