Answer:
The higher the income, the higher the tax rate.
Explanation: The more money they make the more money the state will take form you
Answer:
The expected rate of return on this investment is:
21%
Explanation:
Cost of computer = $200,000
Annual cash flows for 5 years = $48,271
Total cash flows = $241,355 ($48,271 x 5)
Returns = $41,355 ($241,355 - $200,000)
The expected rate of return = Returns/Costs * 100
or the average of returns and the average of investments (they yield the same results)
Using the total returns and investment:
= $41,355/$200,000 * 100
= 21%
Using the average returns and investment:
= $8,271/$40,000 * 100
= 21%
Answer:
1. $4,400 Favorable
2. $14,000 Unfavorable
3. $9,600 Unfavorable
Explanation:
The computation of given question is shown below:-
1. Variable factory overhead Controllable Variance
= $142,600 - 6,000 × 24.5
= $142,600 - $147,000
= -$4,400
= $4,400 Favorable
Where, 24.5 = standard rate - fixed overhead rate
= $28 - $3.5
= $24.5
2. Fixed factory overhead volume variance
= $35,000 - 6,000 × $3.5
= $35,000 - $21,000
= $14,000 Unfavorable
3. Total factory overhead cost variance
= ($142,600 + $35,000) - (6,000 × $28)
= $177,600 - $168,000
= $9,600 Unfavorable
Answer:
False
Explanation:
Buyers and Sellers do not physically see each other