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ElenaW [278]
3 years ago
15

Elmo Johnson was late on his property tax payment to the county. He owed $7,500 and paid the tax four months late. The county ch

arges an annual penalty of 10%. Find the amount of the penalty for the four-month period.
Business
1 answer:
GrogVix [38]3 years ago
8 0

Answer: $250

Explanation:

From the question, we are told that Elmo Johnson was late on his property tax payment to the county and that he owed $7,500 and paid the tax four months late.

We are further told that the county charges an annual penalty of 10%. The amount of the penalty for the four-month period goes thus:

Annual penalty = 10% × $7500

= 0.1 × $7500

= $750

Since he is four months late and there are twelve months in a year, this will be:

= $750 × 4/12

= $750 × 1/3

= $750/3

= $250

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Answer:

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Explanation:

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2 years ago
Tons Beauty LLC uses the double-declining balance method for depreciation on its computers. Which item is not needed to compute
erica [24]

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Residual or salvage value isn't needed in the calculation of deprecation expense using the double declining method.

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Deprecation expense using the double declining method = [2 ×(1/useful life)] × cost of the asset

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8 0
3 years ago
Trek Cycles makes two products: X-1 and X-2. It takes 80,900 direct labor hours to manufacture the X-1 and 93,500 direct labor h
Vera_Pavlovna [14]

Answer:

Predetermined manufacturing overhead rate= $2.15 per direct labor hour

Explanation:

Giving the following information:

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Total overhead= 225,000 + 149,960=  $374,960

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 374,960 / (80,900 + 93,500)

Predetermined manufacturing overhead rate= $2.15 per direct labor hour

6 0
3 years ago
he following data are to be used for Questions 4 and 5. The parentheses indicate amounts that should be subtracted in the comput
ivann1987 [24]

Answer:

t= 0.4138

Explanation:

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Net operating income= 1700

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t= ?

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5 0
3 years ago
]To estimate the percentage of defects in a recent manufacturing​ batch, a quality control manager at Daimler minus Chrysler sel
krek1111 [17]

Answer:

Answer is option A, i.e. systematic sampling.

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3 0
3 years ago
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