Answer: $5020
Explanation:
The family's income tax savings if the son has no other income and takes a $12,400 standard deduction will be calculated as:
Explanation:
Tax savings from deduction = ($14,000 × 37%) = $5180
Less: Tax on child's taxable income = 10% × ($14,000 - $12,400) = 10% × $1600 = $160
Family's income tax savings = $5180 - $160 = $5020
The number of staffs that the process need on average, for the demand will be zero since the twelve staffs are well trained already.
<h3>What is demand?</h3>
Demand simply means the number of goods as services that an individual is willing to purchase at a price and given time.
Here, the number of staffs that the process need on average, for the demand will be zero since the twelve staffs are well trained already.
When a more automated process involving electronic submission of claims could reduce the average processing time to 15 minutes, the effect is that the profitability of the company will increase as there is more output due to reduced time.
When the department coordinators could be persuaded to submit their batched claims earlier, this will minimize the mistakes made by the finance department as there is more time to work effectively.
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Answer:
Total assets turnover = 1.2 times
Explanation:
Total assets turnover tells the efficiency of a firm's assets in generating revenue.
The formula for total assets turnover is net sales over average total assets.
Total assets turnover = Sales / average total assets
Total assets turnover = 3010 / 2510 = 1.199 or 1.2 times
Answer:
Diversification is short means that the activities of the business are diversified or classified.
Explanation:
Diversification is the term which is defined as the process that involve the addition of the new services or the products, which significantly are unrelated and with no commercial as well as no technological similarities. For example, if a computer company, who decides or took a decision relating for producing the notebooks, then the company or the business is pursuing or following the strategy of the diversification.
The benefits or advantage which the business get from diversification is as:
Growth of business - When the company diversify their activities, they get more involved in the making their business to grow more and earn huge profit.
Help in focusing - It will help the management to be more focused on the activities that are more important for the business to grow and develop.
