Answer: $465,000
Explanation:
To calculate the Taxable income we would have to adjust the figure for dividends received as well as interest.
Now, 50% of dividends received are taxable so let's adjust for that first,
= 20,000 * 0.5
= $10,000
$10,000 of dividends are taxable.
To calculate the Taxable income we have to use the following formula,
Taxable income = Income after operating Costs - Interest Charges + Taxable dividends
= 495,000 - 40,000 + 10,000
= $465,000
That Taxable income is therefore $465,000
Note: The dividends paid are not included here because they are taxable and already included in the Taxable operating income so including it again would amount to Double Counting.
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Answer:
Clementine's sales volume variance = (BQ - AQS) x Standard profit margin
= (974 - 1,051) x ($95 - $49)
= $3,542(F)
Explanation: Sales volume variance is the difference between budgeted quantity and actual quantity sold multiplied by standard profit margin. Standard profit margin is the excess of budgeted selling price over actual selling price.
Answer:
b. $17600
Explanation:
The computation of the amount of depreciation expense for the year 2022 is shown below:
But before that first we have to find out the per hour rate which is
Units-of-production method:
= (Original cost - residual value) ÷ (estimated production)
= ($216,000 - $40,000) ÷ (55,000 hours)
= ($176,000) ÷ (55,000 hours)
= $3.2 per hour
Now for the 2022 year, it would be
= Machine runs in 2022 year × depreciation per hour
= 5,500 hours × $3.2
= $17,600
Answer:
Answer is given below.
Explanation:
Preferred stock yield = dividend/ stock price
a) dividend =$1.81 , stock price =$30
Preferred stock yield = $1.81/$30= 6.033%
b) dividend =$1.81 , stock price =$25
Preferred stock yield = $1.81/$25=7.24 %
Answer:
FIFO LIFO Weighted average
Cost of goods sold 1,060 1,380 (1,060 + 1,380)/2 = $1,220
Ending inventory 1,380 1,060 (1,060 + 1,380)/2 = $1,220
Explanation:
Attached is the tabulated solutions
