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zhannawk [14.2K]

3 years ago

14

Anthony Walker plans to invest $28,400 a year at the end of each year for the next seven years in an investment that will pay hi

m a rate of return of 9.8 percent. How much money will Anthony have at the end of seven years

1 answer:

Phoenix [80]3 years ago

5 0

Answer:

267,785.95

Explanation:

28400 X (1.098)^7 = 267,785.95

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A retail store's Sales Account totals $223,000 which includes both the sales revenue and the sales tax on the sales. If the sale

ella [17]

Answer:

$10,619.05

Explanation:

When sales is made at a tax rate of 5%, the entries to be posted in the proportion of the transaction amount

Dr Cash/ Accounts receivable 105%

Cr Sales revenue 100%

Cr Sales tax 5%

As such, if Sales Account totals $223,000 which includes both the sales revenue and the sales tax on the sales, it means that the accounts contains 105%, as such, the sales tax which is the amount owed the taxing agency

= 5/105 * $223,000

= $10,619.05

3 0

3 years ago

a. As far as the tax code is concerned, HeadBook will increase its expenses by $5,000 in either case. If it pays for the policy,

polet [3.4K]

Answer: $1,750

Explanation:

Incurring a health insurance cost of $5,000 or increasing salaries by $5,000 will have the same effect on the taxes because they will both be removed from the income before the taxes are calculated.

The reduction in tax in either case is:

= Expense * Tax rate

= 5,000 * 35%

= $1,750

8 0

3 years ago

I would reslly appreciate the help?

BartSMP [9]

Answer:

i think I will try maybe the answer is b

3 0

3 years ago

Read 2 more answers

Clear Colors Corporation uses a predetermined overhead rate based on direct labor costs to apply manufacturing overhead to jobs.

belka [17]

Answer:

b. $ 2,000 overapplied

Explanation:

Firstly, we need to determine the predetermined overhead rate based on direct labor costs.

Estimated total manufacturing Overhead $ 350,000

Estimated direct labour costs $ 200,000

Predetermined overhead rate $ 350,000 / $ 200,000 $ 1.75 per $ of direct labour costs.

The total manufacturing overhead <u>applied</u> on direct labor costs of $ 208,000, is:

$ 208,000 * $ 1.75 <u> </u>$ 364,000

Actual overhead costs incurred <u>$ 362,000</u>

Manufacturing overhead over applied <u> $ 2,000</u>

7 0

3 years ago

Roger Greenberg was fired after being accused of misappropriation of company funds, a charge which he vehemently denied. When he

Leto [7]

Answer: Compelled self-disclosure defamation

Explanation:

From the question, Roger Greenberg was fired after he was accused of misappropriation of company funds, and he denied the charge. Due to this, he applied for another job, but he has been turned down on several occasions. Roger can file an action against his former employer for compelled self disclosure defamation.

Compelled self disclosure defamation claims commonly takes place in the event of a wrongful termination context. In this case, Roger can fill against them because their action of wrongfully accusing him is making his job search unfruitful.

7 0

3 years ago