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3 years ago

Presented below is selected information for three regional divisions of Medina Company.

Business

1 answer:

ololo11 [35]3 years ago

5 0

Answer:

a. Return on investment = Controllable margin / Average operating assets

North Division:

= 139,500 / 930,000

= 15%

West Division:

= 360,000 / 2,000,000

= 18%

South:

= 211,500 / 1,410,000

= 15%

b. Residual income = Controllable margin - (Average operating assets * Minimum rate of return)

North division:

= 139,500 - (930,000 * 12%)

= $27,900

West division:

= 360,000 - (2,000,000 * 14%)

= $80,000

South division:

= 211,500 - (1,410,000 * 9%)

= $84,600

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Find out the municipal taxes you are subjected to. Calculate your average annual tax payments to your municipality.

DENIUS [597]

Answer:

I conducted an online research on the state of Virginia. The state of Virginia has 95 counties, 39 independent cities, and 190 incorporated towns. Only elected governing bodies can impose local taxes in this state of Virginia. A bulk of the local tax money comes from property taxes.

The following is the list of municipal taxes a consumer in all counties and cities of the state of Virginia is subjected to:

Items Tax Percentage Districts

Retail sales tax 0.7%

Occupancy tax 2.1% only for the Northern Virginia Planning District

Fee on grantors of real estate $0.15 to $100 of the value of property sold only for the Northern Virginia Planning District

Wholesale distributors of motor fuel 2.1% Hampton Roads Planning District

Restaurant meal 1%

Communication taxes 1.05%

Motor vehicle rental tax 4%

Explanation:

The following is the list of municipal taxes a consumer in all counties and cities of the state of Virginia is subjected to:

Items Tax Percentage Districts

Retail sales tax 0.7%

Occupancy tax 2.1% only for the Northern Virginia Planning District

Fee on grantors of real estate $0.15 to $100 of the value of property sold only for the Northern Virginia Planning District

Wholesale distributors of motor fuel 2.1% Hampton Roads Planning District

Restaurant meal 1%

Communication taxes 1.05%

Motor vehicle rental tax 4%

7 0

3 years ago

If revenue is less than operating expenses, the business would have a _____ cash flow. break-even negative

Aneli [31]

The correct answer is negative cash flow.

When a company has a situation where their revenue is less than their operating expenses they have a negative cash flow. This is normally indicative that a company is not doing well and may need to make changes in order to become profitable.

3 0

3 years ago

Read 2 more answers

This information relates to Cheyenne Real Estate Agency.

gregori [183]

Answer and Explanation:

The Journal entry is shown below:-

1. Cash Dr, $31,770

To Common stock $31,770

(Being issuance of shares for cash is recorded)

2. No Journal Entry is required

3. Office furniture Dr, $3,740

To Accounts payable $3,740

(Being purchase of office furniture on credit is recorded)

4. Accounts receivable $10,430

To service revenue $10,430

(Being customer billed for service is recorded)

5. Cash $185

To credit revenue $185

(Being cash received for service is recorded)

6. Accounts payable $800

To cash $800

(Being cash paid for office furniture purchased is recorded)

7. Salaries expense Dr, $3560

To cash $3560

(Being salary paid is recorded)

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3 years ago

Which of the following is true when an economy produces at full employment, but consumers, government, businesses, and the forei

Art [367]

Answer:

When an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

Explanation:

According to the Keynesian perspective, firms produce output only if they expect it to sell.

While the availability of the factors of production determines a nation’s potential gross domestic product (GDP), the amount of goods and services actually being sold, known as real GDP depends on how much demand exists across the economy.

Keynes termed a fall in the aggregate demand as a recessionary gap.

A recessionary gap refers to an economy operating at a level below its full-employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is lower than the level of full employment, which puts downward pressure on prices in the long run.

Thus, when an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.

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3 years ago

A(n) _____ is a service offered by mutual funds that helps an investor earn compound interest on their investments

nordsb [41]

An automatic reinvestment plan is a service offered by mutual funds that helps an investor earn compound interest on their investments

Mutual fund pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets. they give access to individual or small investors to professionally manage portfolios of bonds, equities, and other securities.

They provide a service called an automatic reinvestment plan, in which they reinvest the investment gains back into an investor's portfolio rather than paying them out as distributions. the benefit of an Automatic reinvestment plan is of getting compound interest, It different from another service they provide which is an automatic investment plan, which just allows the investors to contribute money to an investment account on a regular interval and to invest in a pre-set portfolio.

To know more about automatic reinvestment plan refer to the link brainly.com/question/15850134?referrer=searchResults.

To know more about Automatic Investment Plan refer to the link brainly.com/question/3463363?referrer=searchResults.

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1 year ago