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Schach [20]
3 years ago
7

A small business sold an equipment for $30,000 after depreciating the equipment using the MACRS depreciation method. The applica

ble federal tax rate for the company is 39%. The federal tax liability on this depreciation recapture is $10,200 if the company also had other taxable income of $200,000 in that year.
a. True
b. False
Business
1 answer:
egoroff_w [7]3 years ago
6 0
Answer::::: is false
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What you give up to obtain an item is called your
lara [203]
A) Opportunity cost

because an opportunity cost is for example you have to pick from a xbox one or a ps4. You saw that the ps4 was more scarce for you but you had to give up the xbox one to obtain the ps4. Nothing is free in life!!! You sacrificed the xbox one for the ps4
7 0
3 years ago
Both Justin and Craig are business majors and live in the same dorm, but Justin's room looks like a Cabela's showroom, with fish
Sladkaya [172]

Answer:

The correct answer is D

Explanation:

Lifestyle is stated or expressed in both leisure and work behavior patterns and in the values, activities, opinions, attitudes, interest and allocation of income. It also states the self image of the person.

In other words, it is the way of life created through individual, society, group or culture. It comprise of patterns of interest, work, consumption and interaction that define how the person spends their time.

So, in this case, the different in the lifestyle among Craig and Justin.

5 0
3 years ago
Wildhorse Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total
tangare [24]

Answer:

Variable cost per unit= $1.4 per unit

Explanation:

Giving the following information:

Miles Driven Total Cost Miles Driven Total Cost

January: 8,000 $14,120

March: 8,550 $14,979

February: 7,490 $13,495

April: 8,195 $14,490

To calculate the variable cost under the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (14,979 - 13,495) / (8,550 - 7,490)

Variable cost per unit= $1.4 per unit

7 0
3 years ago
Lizzie Corporation has provided the following information about one of its laptop computers: Date Transaction Number of Units Co
hoa [83]

Answer:

the ending inventory using the FIFO cost flow assumption is $282,900

Explanation:

The computation of the ending inventory using the FIFO cost flow assumption is shown below;

But before that first we have to determine the ending inventory units i.e.

= 280 + 380 + 480 + 290 - 1,200

= 230 units

So, the ending inventory is

= 230 units × $1,230

= $282,900

Hence, the ending inventory using the FIFO cost flow assumption is $282,900

8 0
3 years ago
Jefferson's recently paid an annual dividend of $1.31 per share. The dividend is expected to decrease by 4% each year. How much
Vlad [161]

Answer:

$6.29

Explanation:

Dividend is $1.31 per share

Decreased by 4%

Required return is 16%

Therefore:

Price = [$1.31 × (1 - .04)]/[.16 - (-.04)] = $6.29

8 0
3 years ago
Read 2 more answers
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