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ArbitrLikvidat [17]
3 years ago
11

Edith Engineer travels from city to city to conduct her business. Every other year she buys a used car for about $12,000. The de

aler allows about $8000 as a trade-in allowance, with the result that the saleswoman spends $4000 every other year for a car. Edith keeps accurate records, which show that all other expenses for her car amount to $0.223 per mile for each mile she drives. Edith's employer has two plans by which salespeople are reimbursed for their car. Method
A. She will receive all of her operating expenses, and in addition will receive $2000 each year for the decline in value of the automobile. Method
B. She will receive $0.32 per mile but no operating expenses and no depreciation allowance. If Edith travels 18,000 miles per year, which method of computation gives her the larger reimbursement
Business
2 answers:
Vlada [557]3 years ago
7 0

Answer:

Answer:

Method A

Explanation:

According to the scenario, computation of the given data are as follow:-

Method A - Actual expenses

Total Reimbursement Amount is

= Car Decline Value + Total Miles of Travel × Per Mile Expenses

= $2,000 + 18,000 miles × $0.223 per mile

= $2,000 + $4,014

= $6,014

Method B - standard Mileage Rate

Total Reimbursement Amount is

= Total Miles of Travel × Per Mile Receive Amount

=18,000 miles × $0.32 per mile

= $5,760

According to the analysis, Plan (A) gives her the larger reimbursement.

Explanation:

cluponka [151]3 years ago
5 0

Answer:

Method A

Explanation:

According to the scenario, computation of the given data are as follow:-

Method A - Actual expenses

Total Reimbursement Amount is

= Car Decline Value + Total Miles of Travel × Per Mile Expenses

= $2,000 + 18,000 miles × $0.223 per mile

= $2,000 + $4,014

= $6,014

Method B - standard Mileage Rate

Total Reimbursement Amount is

= Total Miles of Travel × Per Mile Receive Amount

=18,000 miles × $0.32 per mile

= $5,760

According to the analysis, Plan (A) gives her the larger reimbursement.

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Use the below information to answer the following question.
lianna [129]

Answer:

$2,253.35

Explanation:

external financing needed = EFN = [(total assets/total sales) x ($ Δ sales)] - [(total current liabilities/total sales) x ($ Δ sales)] - [profit margin x forecasted sales in $ x (1 - dividend payout ratio)]

total assets = $48,900

total sales = $42,700

$ Δ sales = $5,978

current liabilities = $3,650

profit margin = net income / sales = 0.129

forecasted sales = $48,678

dividends payout ratio = dividends / net income = 0.35

EFN = [($48,900/$42,700) x ($5,978)] - [($3,650/$42,700) x ($5,978)] - [0.129 x $48,678 x (1 - 0.35)]

EFN = $6,846 - $511 - $4,081.65 = $2,253.35

7 0
3 years ago
One of the advantages of being a limited partner in a real estate investment venture is that you have __________ liability. limi
lara31 [8.8K]
Limited financial liability. It is one of the advantages because the strain of effort and time would be not part of the investment and if the it is successful you're earning even though you're not doing anything. You're only role is able to provide money or resources to the venture.
3 0
3 years ago
In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have
barxatty [35]

Answer:

a) An increasing number of import quotas

b) Better high-speed rail lines

c) Improvements in telecommunications

d) International trade agreements such as the General Agreement on Tariffs and Trade (GATT)

Explanation:

All of the above applies as in order to increase the international trade.

As with the increase in quotas there is a pressure to increase the imports. Further when there is easy chain of supply even in the international market that is railway facility is smooth and that the telecommunications is also easy.

Further, with increased trade agreements there is provision of reduced tariffs and taxes and accordingly the international exchange is not complicated and is rather smooth.

5 0
3 years ago
Seth Silver had the following items of income during the taxable year: Interest income from a checking account $1,000 Interest i
34kurt

Answer:

c. $3,800

Explanation:

Calculation for the amount of taxable income

Using this formula

Taxable income =Interest income from a checking account+Interest income from corporate bonds +Interest income from federal bonds

Let plug in the formula

Taxable income =$1,000+$2,050+$750

Taxable income=$3,800

Therefore on his current year tax return the amount of his taxable income will be $3,800

6 0
3 years ago
Carlos is the VP Sales for a consumer electronics company and has recently been reviewing the performance feedback and employee
Oliga [24]

Answer:

Compensation.

Explanation:

According to the information in the question above, it can be said that Carlos is exercising the function of compensation management. His functions are related to the compensation that employees receive for carrying out their work. Compensation managers are also responsible for maintaining the rules of benefits in compliance with management and legality, in addition to developing strategies that assist in retaining and hiring employees and all types of data and information on compensation in the organization.

3 0
2 years ago
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