Select all the words that are associated with Demand

Yolanda is a cash basis taxpayer with the following transactions during the year: Cash received from sale of products $66,000 Ca

riadik2000 [5.3K]

Answer:

$23,500

Explanation:

Net income is arrived at by deducting relevant expenses for the year from the gross income for the year. In this question, sales income is used to represent gross income. The net income can therefore be calculated as follows:

Net Income = Sales income - Expenses other than rent and interest - Rent - Interest

Net Income = $66,000 - $40,000 - [$45,000 × (1/18)] - 0

= $66,000 - $40,000 - $2,500 - 0

= $23,500

Therefore, net income is Yolanda's net income $23,500.

Note that [$45,000 × (1/18)] is used to calculate rent for only one which is December of the calendar year since the rent was paid for 18 months.

8 0

3 years ago

An expense that would be included in the itemized deductions of a taxpayer is: A. travel to work. B. life insurance premiums. C.

ella [17]

The answer is C. Real Estate Property Taxes

6 0

3 years ago

Periodic outlays for inventory control software at Baron Chemicals are expected to be $150,000 immediately, $200,000 in 1 year,

Nady [450]

Answer:

Total present value=$617,523.24

Explanation:

The formula for calculating continuous compounding is given as follows

F=P(e^it)

F=future value

P=present value

i=interest rate

t=time involved i.e 1 year or 2 year

e=Mathematical constant=2.7183

By applying above mentioned formula, the present value of inventory control software by Baron Chemicals shall be calculated as follows:

Present value of year 2 Cash flow= $286,555.76

($350,000/e^10%*2)

Present value of year 1 Cash flow= $180,967.48

($200,000/e^10%*1)

Present value of year 0 Cash flow= $150,000

Total present value=$617,523.24

7 0

3 years ago

Owens Corporation uses a process costing system. For March, the beginning work in process inventory consisted of 60,000 units th

Black_prince [1.1K]

Answer:

C) $4.02

Explanation:

The computation of cost per equivalent unit for processing cost for March is shown below:-

As we know that

Beginning work in process inventory units + Units started into production = Ending work in process inventory units + Units completed and transferred out

60,000 + 190,000 = Units in ending work in process inventory + 200,000

Units in ending work in process inventory is

= 60,000 + 190,000 - 200,000

= 50,000

To complete the beginning work in process inventory:-

Processing: 24,000

60,000 units ×(100% - 60%) a

Units started and completed 140,000

(200,000 − 60,000) b

Ending work in process inventory Processing:

50,000 units × 20% c 10,000

Equivalent units of production 174,000

Cost added throughout the period e 7,00,000

Equivalent units of production f 174,000

Cost per equivalent unit e ÷ f $4.02

5 0

3 years ago

RESPETAR LA CAPACIDAD DE CARGA DE UN DESTINO TURISTICO, LE ALARGA LA VIDA UTIL.

Papessa [141]

Answer:

La afirmación es correcta.

Explanation:

La capacidad de carga es el número de individuos de una especie determinada que puede ser sostenido por un medio ambiente. En general, la capacidad de carga se logra en algún momento porque las especies tienden inherentemente a reproducirse. Por ejemplo, si hay comida para 100 peces en un estanque, la capacidad de carga del estanque es para 100 peces. En la actualidad, no se sabe con certeza cuántas personas podrá sostener la Tierra, pero se ha argumentado que la población humana en la Tierra ya ha superado el límite de la capacidad de carga del planeta.

Cuando una población (individuos de una especie en un área) excede su capacidad de carga a medida que crece, a menudo colapsa, ya que una población sobredimensionada destruye sus propias condiciones de vida.

6 0

3 years ago