Answer: $25000
Explanation:
From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.
Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.
120% × x = $30000
1.2x = $30000
x = $30000/1.2
x = $25000
Therefore, the amount paid for the property is $25000
An organizational characteristics that tend to lead to larger sub-optimization problems is continuous focus on optimizing a unit of a business rather than the results of the entire business
<h3>What is Sub-optimization?</h3>
In a firm. the term "Sub-optimization" occurs when there is reduced level of output as a result of an an inefficient or ineffective process or system.
The problem associated with Sub-optimization is that when there is an optimization of outcome for a subsystem, it may not generally optimize the outcome for the system as a whole.
In conclusion, the organizational characteristics that tend to lead to larger sub-optimization problems is continuous focus on optimizing a unit of a business rather than the results of the entire business
Read more about Sub-optimization
<em>brainly.com/question/17083176</em>
Answer:
Gross pay:
- consultant $4,000
- computer programmer $3,300
- administrator $2,800
Net pay:
- consultant $2,767.98
- computer programmer $2,295.48
- administrator $1,993.98
Explanation:
regular earnings overtime withholding
allowances
Consultant $4,000 per week N/A 2
Computer programmer $60 per hour 1.5 1
Administrator $50 per hour 2 2
computer programmer worked 50 hours = ($60 x 40) + ($60 x 10 x 1.5) = $3,300
administrator worked 48 hours = ($50 x 40) + ($50 x 8 x 2) = $2,800
Social security taxes:
-
Consultant = 6% x $4,000 = $240
- Computer programmer = 6% x $3,300 = $198
- Administrator = 6% x $2,800 = $168
Medicare taxes:
- Consultant = 1.5% x $4,000 = $60
- Computer programmer = 1.5% x $3,300 = $49.50
- Administrator = 1.5% x $2,800 = $42
Federal income taxes:
- Consultant: amount subject to withholding = $4,000 - (2 x $75) = $3,850. Federal income taxes = $356.90 + [28% x ($3,850 - $1,796) = $932.02
- Computer programmer = amount subject to withholding = $3,300 - (1 x $75) = $3,225. Federal income taxes = $356.90 + [28% x ($3,225 - $1,796) = $757.02
- Administrator = amount subject to withholding = $2,800 - (2 x $75) = $2,650. Federal income taxes = $356.90 + [28% x ($2,650 - $1,796) = $596.02
Gross pay:
- consultant $4,000
- computer programmer $3,300
- administrator $2,800
Net pay:
- consultant $4,000 - ($240 + $60 + $932.02) = $2,767.98
- computer programmer $3,300 - ($198 + $49.50 + $757.02) = $2,295.48
- administrator $2,800 - ($168 + $42 + $596.02) = $1,993.98
Answer: a. 2
b. $200
c. Should not
Explanation:
a. The new employee's marginal product of labor is ______.
This will be:
= 5 - 3
= 2 moving jobs
b. The value of that marginal product is ______..
Since the company charges $100 for a moving job, the value of the marginal product will be:
= 2 × $100
= $200
c. The moving service should moving jobs ______- hire another worker
Marginal cost of moving 2 jobs will be:
= $30 × 4 × 2
= $240
Since the marginal cost is more than the marginal product, the company should not hire another worker.
Answer:
A. 22.4%
Explanation:
Income TAXES
Operating profit before interest and tax $ 519.233
Net nonoperating expense before tax -$ 109.491
Subtotal $ 409.742
Provision for income taxes -$ 91.720 -22,4%
Net Income $ 318.022
