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Lena [83]
3 years ago
11

A manager checked production records and found that a worker produced 185 units while working 50 hours. In the previous week, th

e same worker produced 116 units while working 40 hours. Compute Current period productivity and Previous period productivity. (Round your answers to 2 decimal places.)
Business
1 answer:
Anettt [7]3 years ago
6 0

Answer:

Current Period Productivity= 3.7units/hour

Previous Period Productivity=  2.9units/hour

Explanation:

Giving the following information:

Worker produced 185 units while working 50 hours.

In the previous week, the same worker produced 116 units while working 40 hours.

We will compute productivity based on units per hour.

Worker productivity= Total units/total hours

Current Period Productivity= 185/50= 3.7units/hour

Previous Period Productivity= 116/40= 2.9units/hour

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Harry has just inherited $300,000. Harry has decided to quit his job and go to school full time for the next five years by livin
never [62]

Answer:

$ 75131

Explanation:

Given:

Amount inherited = $ 300000

Present amount of annuity = $ 300000

Interest rate, i = 8% = 0.08

number of years, n = 5

Now,

the formula for the present amount of annuity is given as:

Present amount of annuity = P[\frac{1-(1+i)^{-n}}{i}]

where,

P is the periodic payment

n is the number of years

now, on substituting the values, we get

$ 300000 = P[\frac{1-(1+0.08)^{-5}}{0.08}]

or

$ 300000 = P × 3.993

or

P = $ 75131.48 ≈ $ 75131

hence, the amount he can withdraw is $ 75131

3 0
3 years ago
"Zurich Company reports pretax financial income of $70,000 for 2014. The following items cause taxable income to be different th
Ivan

Answer:

Explanation:

Income tax expense: The expense account that reveals the amount of pre-determined tax paid on income for a required period of time is known as income tax expense account. The following formula can be used to determine the income tax expense:

Income tax expense = (Income before tax\times Income tax rate

Income statement: This is the financial statement of a company which reports all the revenues that are earned and expenses that are to be expended by the company on the immediate accounting year. Income statement is also known profit and loss statement.

Rules for debit and credit:

  • When asset increases, debit it and when asset decreases, credit it.

  • When liabilities increase, credit it and when liabilities decrease, debit it.

  • When stockholders’ equity increases, credit it and when stockholders’ equity decreases, debit it.

  • When the expenses and losses increase, debit them and when the expenses and losses decrease, credit it.

  • When incomes and gains increase, credit them and when incomes and gains decrease debit them.

Earnings before tax: It is the revenue of a company before adjustment of tax. It consists of all operating expenses. It is the earning retained by the company.

1.) To calculate the taxable income and income tax payable:

    Particulars                              Current year      Deferred asset     Deferred liability

Financial income                            $70,000

Excess tax collected                      $16,000                                           $16,000

Excess rent collected                    $22,000              -$22,000

Fines (permanent)                          $11,000

Taxable income(IRS)                     $87,000              -$22,000            $16,000

Tax rate                                           30%                      30%                     30%

Income tax                                     $26,100               -$6,600              $4,800

Therefore, the taxable income is $87,000, and the income tax is $26,100 for current year.        

The taxable income is calculated by adding the income earned, which are eligible for taxation. The financial income is $70,000, the excess tax depreciation is $16,000 (which should be deducted), and the excess rent collected is $22,000. The fines are $11,000. It is taxable as it is permanent. Thus, the taxable income is $87,000. The tax rate is 30 percent. The taxable income should be multiplied with the tax rate. Thus, the taxable income is $26,100. It is income tax payable.

2.) To Prepare a journal entry to record income tax expense, deferred income taxes, and income tax payable for 2014.

Date      Account titles and ex[planations      Debit           Credit

2014      Income tax expense                          $24,300

             Deferred tax asset                             $6,600

             Deferred tax liability                                                  $4,800

             Income tax payable                                                  $26,100

Therefore, income tax expense is debited with $24,300, deferred tax asset is debited with $6,600, deferred tax liability is credited with $4,800, and the income tax payable is credited with $26,100.

It is given that the income tax expense, deferred income taxes, and income taxes payable should be recorded. The income tax expense is $24,300, deferred tax asset is $6,600, deferred liability is $4,800, and the income tax payable is $26,100. The income tax payable is calculated by adding the income tax expense to the deferred tax asset and deducting the obtained value from the liability. Thus, $24,300 is added to $6,600 and deducted by $4,800 and $26,100. Therefore, the income tax expense is debited with $24,300, deferred tax asset is debited with $6,600, deferred tax liability is credited with $4,800, and the income tax payable is credited with $26,100.

3.) To Prepare the income tax expense section of the income statement for 2014.

                                      Income Statement

Particulars                                             Amount       Amount

Income before taxes                                                 $70,000

Income tax expenses current             $26,100

Income tax expenses deferred          -$1,800         $24,300

Net income(loss)                                                       $45,700

It is given that the income before taxes is $70,000, income tax expense of current year is $26,100, and for the deferred year is $1,800. The net income tax expense is $24,300. The net income is calculated by deducting the income before taxes from the income tax expenses. Thus, $24,300 is deducted from $70,000. Therefore, the net income is $45,700.

6 0
2 years ago
Which of the following elements of a process most directly impacts or affects process capabilities? Multiple Choice Activities I
Charra [1.4K]

Answer:

The correct answer is letter "C": Process Structure.

Explanation:

The process capabilities are directly affected by the Process Structure. The Process Structure includes the infrastructure a company counts on for handling businesses. Facilities, equipment, and locations determine how the business will be handled and at what scale.

8 0
3 years ago
The general ledger of Sandhill Corporation as of December 31, 2021, includes the following accounts: Copyrights $ 58000 Deposits
Dafna1 [17]

Answer:

$687,000

Explanation:

Intangible Assets are identifiable assets of a non-monetary asset  and without physical substance. Intangible assets include trademarks, copyrights and goodwill that is acquired.

Important to note that Internally generated Goodwill  is not defined as an assets. Thus, deposits with advertising agency of $35,000 are not included within tangible assets

<u>Calculation of Total Intangible Assets will be :</u>

Intangible Assets Calculation = (Copyrights) $ 58,000  + (Goodwill Acquired) $560,000 + (Trademarks) $69,000

                                                 = $687,000

Therefore,

Sandhill's balance sheet as of December 31, 2021 should report total intangible assets of $687,000

5 0
2 years ago
Effective managers their dominant decision style to avoid making mistakes. for each example, select the decision style that most
Vaselesa [24]

Simply put, Decision making is defined as the process involved in making a decision. It involves comparing alternatives and finding a solution to a problem.

The four styles of decision making are directive, analytical, conceptual and behavioral. Each style is a different method of weighing alternatives and examining solutions.

Kyle prefers to base decisions on lots of data, both objective data from information systems and qualitative data from people - Analytical decision style

Bill prefers simple, clear-cut solutions to problems. - Directive decision style.

Josie likes to talk to people one on one to find out how the decision will affect them - Behavioural decision style.

4 0
3 years ago
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