Ask question

Ask question

All categories

3 years ago

14

A person who earns $50,000 per year donates $2,000 to charity. As a result, the state only taxes $48,000 of that person's income

.This is an example of a _____.

1 answer:

Nuetrik [128]3 years ago

7 0

Itemised deduction, pays less for tax

You might be interested in

Pina Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 19,900 golf discs i

Ivahew [28]

Answer:

a) <em>Net income using incremental analysis is </em> $692

b) PINA should accept the order because it will increase its net income by $692

<em />

Explanation:

The relevant cash flows for decision to accept or reject the special order are

I. the incremental contribution from of producing 5,350 units

2. The incremental fixed cost- 45,374

Note that whether or not the special order is accepted the fixed cost of manufacturing would be incurred either way.

Contribution per unit =Selling price - Variable cost

Variable production cost per unit = total variable cost / units

= (10,945 + 29651 + 21094)/19,900

=$3.1

Variable cost per unit of sale = $3.1 + $0.35 = $3.45

a) Incremental Analysis

<em>Change in Net Income: $</em>

I<em>ncremental contribution :</em>

( 4.77 - 3.45) × 5,350 = 7,062

<em>Increase in Fixed cost</em> :

(45,374 - 39,004) <u>( 6370)</u>

<em>Net income </em><em><u> 692</u></em>

<em><u>b) </u></em> PINA should accept the order because it will increase its net income by $692

<em />

6 0

3 years ago

1. A master budget________. a) is the initial plan of what the company intends to accomplish in the period and evolves from both

Korolek [52]

Answers:

The correct answer is 1. a) is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions. 2. d. budgeted income statement.

Explanation:

To begin with, a budget is an estimate of the expected results of a specific area in a given period, mainly one year. For its part, the master budget is a plan that covers all areas of the company, and can be adjusted depending on the situations or events that influence the achievement of results. This tool allows a projection of the expected returns taking into account a previous base and the current situation of the sector in which it is located, which is why it is important because it allows drawing a road map for the benefit of all collaborators.

6 0

3 years ago

Identify the three ranges of Aggregate Supply curve. Explain the impact of an increase in the AD curve in each segment.

mestny [16]

It should be noted that the three range of the aggregate supply curve will be the Keynesian, intermediate, and the Classical range.

The aggregate supply curve simply means the quantity of real gross domestic product that is supplied by an economy at different price levels.

The three ranges of the aggregate supply curve are the Keynesian, intermediate, and Classical ranges. In the Classical range, the economy is producing at full employment.

Typically, an increase in aggregate demand (AD) will lead to a rise in the price of the goods that are supplied.

Learn more about supply on:

brainly.com/question/237337

8 0

3 years ago

Match the tasks with the professionals who would complete them.

SVEN [57.7K]

Answer: The correct answers are,

A)Civil Engineer 5)designs and oversees a large construction

process

B)Logging Equipment Manager 6categorizes trees based

on their knot size, straightness, and other characteristics

C)Energy Auditor 4)reduces the amount of energy homeowners and companies use

Explanation:

4 0

3 years ago

which of the following items is qualitative?-cost of a new machine-depreciation of existing machine-book value of the existing m

trapecia [35]

Answer: Statement D

Explanation: Qualitative characteristics are those characteristics the values of which cannot be calculated appropriately and the one that cannot be recorded in the books as they do not have any quantitative value.

In the given problem cost of machine at which it is purchased is its value, Depreciation is the value of original cost which has been used and amount at which the machine used can be sold is its value.

Hence among all the options Option D shows qualitative characteristics.

6 0

4 years ago