Suppose the demand for peaches decreases. what will happen to producer surplus in the market for peaches?

Sandoval Company operates in a country in which distributed profits are taxed at 25 percent and undistributed profits are taxed

Neko [114]

Answer:

The amounts that Sandoval should recognize as current tax expense in Years 1 and 2 are $29,000 and $34,000, respectively.

Explanation:

year 1:

$80,000*30% + $20,000*25%

= $29,000

year 2:

$120,000*30% - $40,000*(30%-25%)

= $34,000

Therefore, The amounts that Sandoval should recognize as current tax expense in Years 1 and 2 are $29,000 and $34,000, respectively.

4 0

3 years ago

The difference between a secured loan and an unsecured loan is _____.

PSYCHO15rus [73]

D. a secured loan requires collateral and an unsecured loan does not

5 0

3 years ago

Read 2 more answers

Which of the following journal entries is recorded correctly and in the basic format? a. Salaries and Wages Expense 550, Cash 1,

Yuki888 [10]

Answer:

d. Salaries and Wages Expense 550, Advertising Expense 950, Cash 1,500

Explanation:

Whenever a new entry is posted firstly the accounts which are debited are entered.

Secondly the accounts which are credited are posted.

And, the total of debit and total of credit shall always be same, so that the entry is recorded properly.

As an expense, it reduces income and is always debited.

And as for settling the expenses cash is paid, cash being an asset when reduced will be credited.

Total expenses debited = Salaries and Wages + Advertising Expense = 550 + 950 = 1,500

Therefore, as against it cash paid = $1,500 shall be credited.

Cash = $1,500

Thus, correct option is d.

5 0

3 years ago

Softie, Inc. produces facial tissues. The company's contribution margin ratio is 77%. Fixed expenses are $240,400. To achieve a

sladkih [1.3K]

To achieve a target profit of $930,000, Softies' sales must be $1,520,000.

<h3>What is target profit?</h3>

Target profit is the amount of profit that a company's managers anticipate achieving by the conclusion of a specific accounting period.
Typically, the target profit is established from the budgeting process and is compared to the actual result in the income statement.
If they chose to earn a 20% margin on each sale, they will make a $50 profit on each chair sold.
As a result, if the corporation wishes to make $50 per chair and sell the chair for $200, the chair must be manufactured for $150 or less.

To find the target profit of Softie, Inc.:

Sales = ($240,400 + $930,000) ÷ 0.77
= $1,520,000

Therefore, to achieve a target profit of $930,000, Softies' sales must be $1,520,000.

Know more about target profit here:

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6 0

2 years ago

What amount would a person with actual cash value (ACV) coverage receive for three-year-old furniture destroyed by a fire? The f

Lorico [155]

Answer:

The actual cash value a person would receive for a $4,500 destroyed furniture would be:

$3,000

Explanation:

Actual cash value is a method to calculate the value of an insured good. Its formula goes like this: Original value minus the original value divided by the years covered multiplied by two. In our case this would be 4,500-[4,500 / 6 x 2] giving us as result the following operation 4,500- 1500 = 3,000.

5 0

3 years ago