Answer: $36,000
Explanation:
When paying Income Tax, Reverend Isaiah will be allowed to deduct the money designated as rental allowance to pay utilities but when it comes to Self-employment taxes, he must include the entire salary he receives.
This means that the Reverend will have to include his entire annual salary of $36,000 when working out his Self-employment tax.
Answer:
The incremental profit is $4,200. Mohave should accept this order.
Explanation:
(1) Variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead
Variable cost per unit = $11 + $6 + $7.5 = $24.5
Incremental profit = (Sale price per unit - Variable cost per unit) x Units sold
Incremental profit = ($26 - $24.5) x 2,800 = $4,200
(2) Mohave should accept the special order because it is resulting in a profit for the business. We are also informed that Mohave has the excess capacity necessary to accept the order. Hence, no additional fixed costs are incurred in accepting the order, implying that it is overall a profitable transaction for Mohave which it should accept.
The primary goal of transnational corporations is to offer their
services or products across other culture. These corporations usually provided
loans to the poorest countries and invest in then in return. Foreign investments
create more jobs which help the economy and the people to improve the quality
of their lives.
The scenario given above is an example of cultural manners and customs. Cultural manners and customs has to do with the the ways societies do things in foreign countries. Manners and customs typically affect both the management and marketing operation of a company. International companies must understand the manners and customs of the country where they are located in order to succeed.
Answer:
The answer is: C) $62,000
Explanation:
The partnership had a total ordinary income of $200,000. It made guaranteed payments to its three partners (Molly, Amber and Pat) of $20,000 each ($60,000 in total).
So the partnership adjusted income is reduced to $140,000, out of that amount, 30% belongs to Molly. Molly's share of the partnership adjusted income is $42,000.
Molly's total earnings from the partnership are $62,000 ($20,000 + $42,000)