Answer:
$44,928,000
Explanation:
The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.
Lost annual income=number of people who got refund*average refund per person*interest rate of return
number of people who got refund=416000
average refund per person=$3,600
the interest rate of return=3%
Lost annual income=416,000*$3,600*3%
Lost annual income=$44,928,000
Answer:
In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.
Explanation:
Answer:
Here:
Explanation:
Purchase price of shares = 24000
total purchase cost = price of shares bought + broker fees total purchase cost = 24000 + 0.01*24000 =24240
selling price of shares = 29100
total selling cost = price of shares sold - broker fees total selling cost = 29100 - 35 = 29065
Net proceeeds = total selling cost - total purchase cost Net proceeds = 29065 - 24240 = 4825
Answer:
D) Increase by $68,000
Explanation:
The computation of change in the operating income is shown below:
Sales ( 8,100 widgets × $39) $315,900
Less: Variable cost (8,100 widgets × $29) ($234,900)
Contribution margin $81,000
Less: Increase in fixed assets -$13,000
Net income increased $68,000
We simply applying the above format so that the change in the operating income could be find out. Since the net income is in positive so it shows an increment
The answer is<u> "Identifying potentially troublesome areas so that corrective action can be taken".</u>
A budget report is an inward report utilized by the board to think about the assessed, planned projections with the real performance number accomplished amid a period.
Budgeting and financial forecasting are devices or tools that organizations use to build up an arrangement of where the executives needs to take the organization and whether it's going the correct way. Albeit budgetary determining and planning are frequently utilized together, there are particular contrasts between the two.
