Answer:
Total fixed costs= $150
Explanation:
Giving the following information:
Parker's only overhead is a storage unit for the inventory that costs $125 a month and a $25 monthly fee for website hosting.
<u>A cost is categorized as fixed because it does not vary with production (in relevant ranges).</u>
In this case, the only two cost that is fixed is the storage and website hosting.
Total fixed costs= 125 + 25= $150
Answer:
Sry, I can't understand anything at all!
The act that created a “pay-as-you-go” system that requires Congress to raise enough revenue to cover increases in direct spending
B. the 1990 Budget Enforcement Act
Question2 Every hour, the federal government spends about
B. $250 thousand
Explanation:
The act came as a response to the impending recession the western markets in the 1990 fiscal year which was to hit USA particularly hard. This came as a result of and in contrast with many conservative measures taken by the President George W Bush Sr up until that point.
The president had been saying till then that the opposition and the population could read his lips that there will not be new taxes.
It did happen though as this law allowed the government to increase taxation rates to cover governmental spending.
Answer:
The combined wage bracket tables in Exhibits 9-3 and 9-4 is missing hence I will use 2014 tax year
answer :
a) Federal income tax withheld
= 75.6 + ( 1989.60 - 944 )*15% = $232.44
b) social security
6% * 1989.6 = $119.38
c) Medicare
1.45% * 1989.6 = $28.85
Explanation:
For a single individual
Two withholding allowance = $329.20 * 2 = $658.40
Gross Pay = $2648
withholding allowance = $658.40
Subject to withholding = $2648 - $658.40 = $1989.60
a) Federal income tax withheld
= 75.6 + ( 1989.60 - 944 )*15% = $232.44
b) social security
6% * 1989.6 = $119.38
c) Medicare
1.45% * 1989.6 = $28.85
a)Little book LTD earning per share is $1.118 per share.
Explanation:
To calculate earning per share we will use following formula:
Now to find net income we will take help of asset turnover ratio :
Asset turnover ratio = 
1.5 × $860000 = x
x (net sales) = $1290000
Outstanding shares = 75000 shares
So Net Income = $1290000×.065
= $83850
Now Earning per share = 
Earning per share = $1.118
b) Market to Book Ratio will be 1.2 for Little Book LTD.
Explanation:
Market to Book Ratio =
Market Capitalization = $ 75000× $ 12
= $900000
So, Market To Book Ratio =
Market To Book Ratio = 1.2
