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MaRussiya [10]
2 years ago
12

Blossom Company incurs these expenditures in purchasing a truck: cash price $26,470, accident insurance (during use) $2,080, sal

es taxes $1,660, motor vehicle license $570, and painting and lettering $2,190. What is the cost of the truck
Business
1 answer:
asambeis [7]2 years ago
7 0

Answer:

$30,320

Explanation:

With regards to the above, the cost of the truck would be

= Cash price $26,470 + Sales tax $1,660 + Painting and lettering $2,190

= $30,320

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Explain why most trade occurs because of comparative advantage. Be sure to provide examples from the data tables or from the les
Murljashka [212]

Most trade is due to the comparative advantage of an organization's ability to produce a good or service with lower marginal cost and opportunity cost.

As an example, we can cite trade between Africa and the United States, where Africa markets agricultural products such as corn and citrus to the US, and the US markets technological products such as computers to Africa.

Therefore, companies will use comparative advantage to acquire goods and services at lower prices than other competitors.

Learn more here:

brainly.com/question/7780461

4 0
2 years ago
True or False: Food Corp., a business with its headquarters and major operations in the United States of America, also has an of
mote1985 [20]

Answer: False

Explanation:

The Minimum Wages Law is simply referred to as a labour law which entails that employees should be paid a certain amount of minimum wage and shouldn't be paid below that.

We should note that the wages law are different for countries. Thereby the minimum wage law set in USA may be different from that of France.

Therefore, even if Food Corp.’s is subject to U.S. Federal minimum wage laws in its office in the U.S.A, it can't be subjected to U.S. Federal minimum wage laws in overseas in France.

Therefore, the answer is false.

7 0
2 years ago
The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respecti
NikAS [45]

Answer:

37.5%

Explanation:

In this question, we are asked to calculate the Value of the cash return on asset

We use a mathematical representation to do this. Let’s get the formula.

Mathematically:

Cash return on assets = operating cash flows/average total assets

According to the question, the operating cash flow has a value of $150,000. The average total assists have a value of (350,000+450,000)/2 = 800,000/2 = $400,000

We input these values into the formula:

Cash return on assets = 150,000/400,000 = 37.5%

5 0
3 years ago
_____ provide funds to small businesses with high growth potential in exchange for a share of ownership in the company.
posledela
Venture capitalists provide funds to small businesses, especially young ones, with a good amount of growth potential. They tend to get a decent share of ownership in the company in exchange of the investment that they made, and can serve as a very important support for the small business.
4 0
2 years ago
Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries,
Firdavs [7]

<u>The total amount of deductions Marc and Michelle are going to get is $24750.  </u>

<u>The taxable income of Marc and Michelle is $47750. </u>

Further Explanation:  

Income Tax: It is the additional charge on an individual’s income which he/she needs to pay to the government. The taxable income is calculated by adding all the incomes and deducting all the deductions which an individual can claim on his/her income.  

Compute the total amount of deductions available for Marc and Michelle:  

Total Deduction Available

= Higher of Standard Deduction for MJF and Itemized Deduction + Personal and Dependency  Exemptions  

= Higher of $12600 and $6000 + $12150 ($4050×3)  

= $12600 + $12150  

=$24750.  

<u>Therefore, the total deductions available to Marc and Michelle are $24750. </u>

<u />

Gross Income of Marc and Michelle

= Salary of Marc + Salary of Michelle + Interest Earned on Corporate Bonds  

= $64000 + $12000 + 500  

= $76500.  

Total Taxable Income of Marc and Michelle

= Gross Income – Qualified Moving Expenses – Alimony Paid – Total Deductions  

= $76500 - $2500 - $1500 - $$24750  

= $47750.  

<u>Therefore, the total taxable income of Marc and Michelle is $47750. </u>

<u />

Learn More:  

1.      Learn more about the tax on the profit from selling the fixed assets  

brainly.com/question/2617534  

2.      Learn more about the personal tax  

brainly.com/question/1762937  

3.      Learn more about the role of money  

brainly.com/question/12984919  

Answer details:  

Grade: Senior School  

Subject: Taxation  

Chapter: Income Tax  

Keywords: Taxable income, Marc and Michelle, Deductions, salary income, earned, corporate bond interest, interest on municipal bond, standard deductions, US tax brackets.

4 0
2 years ago
Read 2 more answers
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