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4 years ago

What is a demand schedule?

Business

1 answer:

inessss [21]4 years ago

4 0

A demand schedule is a chart that shows the demand for a type of product at various prices.

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The earned income credit: a.Must be calculated on earned income as well as adjusted gross income in some cases. b.Is available o

melomori [17]

Answer:

Option A: Must be calculated on earned income as well as adjusted gross income in some cases

Explanation:

Earned Income Credit also abbreviated to EIC is known to be a refundable tax credit. It is usually for qualified (low-income) taxpayers who have earned income such as wages.

Earned income are simply wages, self-employment income, and eligible disability pay.

The reason/purpose of the Earned Income Credit is to limit or reduce the tax burden on working families with lower earned income.

7 0

3 years ago

Morocco desk co. purchases 6,000 feet of lumber at $6 per foot. The standard price for direct materials is $5. The entry to reco

Natali [406]

Answer:

Option (a) is correct.

Explanation:

Given that,

Lumber purchased = 6,000 feet

Cost per foot (actual price) = $6

Standard price for direct materials = $5

Cost of purchasing material:

= Quantity of lumber purchased × Price per foot

= 6,000 × $6

= $36,000

Direct materials price variance:

= (Standard Price - Actual Price) × Actual Quantity purchased

= ($5 - $6) × 6,000

= $6,000 Unfavorable

Therefore, the journal entry is as follows:

Direct Materials A/c Dr. $30,000

Direct Materials Price Variance A/c Dr. $6,000

To Accounts Payable 36,000

(To record the purchase and unfavorable direct materials price variance)

7 0

3 years ago

"If 10 million passengers pass through the St. Louis Airport with checked baggage each month, a successful Six Sigma program fo

Dominik [7]

Answer:

Explanation:

Given data:

number of passengers = 10 million

For A successful Six sigma the value has to be ≤ 3.4 per million

Hence The Number of passenger with misplaced luggages

= 3.4 * 10

= 34

4 0

3 years ago

Pina Colada Corp bought equipment on January 1, 2017. The equipment cost $490000 and had an expected salvage value of $70000. Th

Olenka [21]

Answer:

$322,000

Explanation:

For computing the book value at the beginning of the third year first we have to determine the depreciation expense using the straight-line method which is shown below:

= (Original cost of equipment - expected salvage value) ÷ (estimated life)

= ($490,000 - $70,000) ÷ (5 years)

= ($20,000) ÷ (5 years)

= $84,000

In this method, the depreciation is same for all the remaining useful life

For two years, the accumulated depreciation is

= $84,000 × 2

= $168,000

So, the book value is

= $490,000 - $168,000

= $322,000

This is the answer but the same is not provided in the given options

7 0

3 years ago

The ratio of earnings to sales for a given time period is a firm's profit margin.

slega [8]

Answer:

The answer is: True

Explanation:

The profit margin of a business can be calculated using the following formula:

gross profit margin = (gross profit / net sales ) x 100
net profit margin = (net income / net sales) x 100

The difference between them is that the gross profit margin only considers the difference between net sales and COGS, while the net profit margin includes other expenses.

7 0

3 years ago