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inna [77]
3 years ago
6

edna kropp's gross income for a year included salary, $12,400; commission, $27,750; intrerest, $440. Her adjustment to income we

re payment to a retirement plan, $2,000, and a penalty for withdrawing savings early from a time-deposite account, $126. What was her gross income for the year? find her adjusted gross income for the year?
Business
1 answer:
aliina [53]3 years ago
6 0

Gross income is the total amount of income before any deductions.

In this case, you would add Edna's salary, commission, and earned interest.

For adjusted gross income, you would subtract payment to retirement and withdrawal from the GROSS INCOME you calculated previously

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Which of the following variances cannot occur together during the same accounting period? Multiple Choice Unfavorable labor rate
jeka94

Answer: None of the other answers are correct, because all of these variance combinations are possible.

Explanation:

All of the above combinations are possible.

A company can have an Unfavorable labor rate variance and a favorable labor efficiency variance meaning that the actual labor rate was more than the budget rate but the budgeted labor Efficiency rate was more than the actual rate.

A company can also have an Unfavorable labor efficiency variance and a favorable material quantity variance meaning that even though labor Efficiency was not satisfactory, less materials were still used than were budgeted for.

There is also a possibility of a Favorable labor rate variance and unfavorable total labor variance and a Favorable labor efficiency variance and favorable material quantity variance can also happen together when actual direct labour and material quantity variance are both less than the budgeted amount.

4 0
3 years ago
How do the responsibilities of a manager in an investment center compare to the responsibilities of managers in a cost or profit
bixtya [17]

the responsibilities of a manager in an investment center compare to the responsibilities of managers in a cost or profit center-----Investment center managers have more authority and responsibility than managers of a cost or profit center

What is the difference between a profit center and an investment center?

Profit center is a division or a branch of a company that is considered to be a standalone entity that is responsible for making revenue and cost related decisions. Investment center is a profit center that is responsible for making investment decisions in addition to revenue and cost related decisions

What are investment center managers responsible for?

An investment center segment of an organization responsible for costs, revenues, and investments in assets. is an organizational segment that is responsible for costs, revenues, and investments in assets. Investment center managers have control over asset investment decisions.

Learn more about profit center:

brainly.com/question/24018607

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4 0
1 year ago
A(n) ________-based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability
dolphi86 [110]

Answer:

Integrity

Explanation:

In the event of the integrity based morals code, there is a joining of the laws administering the Corporate with that of the administrative duty and responsibility that underlines on following up on moral way along these lines encouraging a strong domain and putting worry upon shared responsibility.

In integrity based morals codes, together all workers expected to consequently share the responsibility to act morally.

6 0
3 years ago
The catapult systems repair crew on an aircraft carrier is responsible for repairing the system that launches the aircraft from
Dima020 [189]

Answer: Organic Structure

Explanation: Organic Structure may be explained as a type of organizational structure which often promotes creativity, being proactive and flexible decision making due to the unstable and dynamic nature of the work environment and problem the organization has to solve. In the scenario above, due to the risky nature of the task at hand, catapult repair crews do not posses the luxury of time to follow rigid orders, rules or follow a centralized model of problem solving. Therefore, a decentralized model is often adopted in other to afford the repair crew to use their tactical nous, experience and creative ability to approach, tackle and provide quick and quality solutions to lingering problems.

7 0
3 years ago
Stone Foods produces the majority of its cheese products in its U.S. based dairy division at a total outlay cost of $6.00 per un
lubasha [3.4K]

Answer:

Stone Foods produces the majority of its cheese products in its U.S. based dairy division at a total outlay cost of $6.00 per unit. A large portion of the finished product is sold to Division B where it is packaged and sold overseas under a different label. The tax rate in Division B's country is higher than the U.S. tax rate. Assume the company desires to minimize the overall tax impact of the transfer (i) what type of relative pre-tax income should each division desire to achieve as a result of the transfer and (ii) what type of transfer price would accomplish your answer to (i).  

Dairy Division Income Division B Income Transfer Price .

Option  "D"  is the correct answer -  High Low High.

Explanation:

Since in Division B, the tax rate is higher than the tax rate in US-based dairy division. Therefore to minimize the impact of the overall tax, transfer price from dairy division should be high to Division B so that the dairy division income would be higher. and the income of Division B would be lower.

Hence option  "D" is the correct answer.

3 0
3 years ago
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