Can someone help me please? I attached the question and table. THANKS!!

The city of Springvale imposes a net income tax on businesses operating within its jurisdiction. The tax equals 1% of income up

sveta [45]

Answer:

$11,230

Explanation:

The city of Springvale imposed a net income tax on all businesses

Each business will make a payment of 1% for any amount up to $100,000 and 1.5% for any amount above $100,000

The net income generated by Springvale Bar and Grill is

= $782,000- $100,000

= $682,000

Therefore, it's city income tax is calculated as follows

(1/100+100,000) + ( 1.5/100+682,000)

( 0.01+100,000) + ( 0.015+682,000)

= 1000 + 10,230

= $11,230

Hence, Springvale Bar and Grill will pay a net income tax of $11,230

4 0

3 years ago

In comparison to salespersons at low performing organizations, salespersons at high performing organizations: Group of answer ch

JulsSmile [24]

Answer:

<em>The correct answer is: </em>spend more time with their best potential customers always work in teams

Explanation:

Salespeople from high-performance organizations differ from salespeople in low-performance organizations in that they focus on their best customers and develop teamwork.

This strategy of focusing on the potential customer consists of establishing relationship marketing.

That is, direct your efforts to build a relationship with the consumer, which is the key to creating value for a brand.

The creation of a relationship with the consumer consists of offering products and services totally aligned to their needs and desires, to offer a more personalized and effective service to increase the perception of the brand and position it in the market.

Teamwork is also essential in a high-performance organization, as it creates a positive organizational culture focused on the development of ideas, creativity and innovation, essential to offer an efficient and effective sales service.

7 0

3 years ago

Morganton Company makes one product and it provided the following information to help prepare the master budget:

yanalaym [24]

Answer:

Budgeted sales for July = $60*29000=$1740000

Expected Cash Collection :30%*1740000=$522000

Explanation:

Budgeted Cash sales for July =$6*29000=$1740000

Expected cash collection for July =70%(60*9800)+30%(1740000)

411,600+522,000=933,600

Account receivable at the end of July =70%*1740000 = $1,218,000.

Units produced in July = 80% * 29000+20%*31000 =29400

5) (10% * 124800 )+90%(4*29400)=12480+105840=118,320

6) 118320*2.5=$295,800

7)(70%*152,160)+(30%*295,800)=106512+88740=$192,252

8) 70%*29580$207,060

9)10%*124800=12,480

10)29400*2*15=$882,000

11)(29400*2*7)+882000=1,293,600/29400=$43.98

12)(20%*31000*2*15)+ (20%*31000*7)= 186000+43,400=229,400

13)Cost of goods sold = 1,293,600

Gross Margin =1,740,000-1,293,000=$447,000

14)68000+(1.8*29000)=$120,200

15) (29000*60)-(1,293,600) - (1.8*29000)-68,000=$326,800

3 0

3 years ago

Undertaking initiatives that help an organization assume an enhanced citizenship role aligns with the human resource management

vesna_86 [32]

Answer:

complying with legal and social obligations

Explanation:

Every organisation runs its business to achieve the objectives of the business.

Further, the organisation seeks to work in an environment which is legally and socially free from any obligations.

The organisation which assumes too have greater citizenship roles automatically aligns the human resource management with the goal of complying with the legal and social obligations.

As with greater citizenship roles there comes greater diversity which helps to ensure the legal and social obligations.

7 0

3 years ago

Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $10,000; home

Ilya [14]

Answer:

(a) Liquidity ratio for individuals

basic liquidity ratio = cash assets / monthly expenses = $10,000 / $6,000 = 1.67

Depending on the maturity of the investment assets, the liquidity ratio could increase, but since the information is limited, we can only consider liquid assets. E.g. if the investment assets include bonds that mature in a very short term they should be included in this formula, but if they include bonds that mature in x number of years, then they aren't included.

(b) Asset-to-debt ratio :

generally the formula is debt to asset ratio = $175,500 / $330,000 = 0.53

but here we are asked to find asset to debt = $330,000 / $175,500 = 1.88

(c) Debt service-to-income ratio

debt service to income ratio = monthly payments / gross income = ($250 + $2,100) / $9,000 = $2,350 / $9,000 = 0.26

(d) Debt payments-to-disposable income ratio

debt payments to disposable income ratio = monthly payments / disposable income = ($250 + $2,100) / $6,800 = $2,350 / $6,800 = 0.35

4 0

3 years ago