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Andreas93 [3]
2 years ago
13

Based on the marginal principle, would it make sense to for a business to expand their hours of operation if they project $1,500

of additional revenue per week, however they also project increase expenses of $1,000 for salaries, $150 for utilities and $50 for misc. expenses. No, because they will lose $300 per week Yes, because they will net $300 per week Yes, because they will gain $1,500 of revenue per week No, because they will incur $1,200 of expenses per week.
Business
1 answer:
krek1111 [17]2 years ago
6 0

Answer:

Yes, because they will net $300 per week

Explanation:

According to the marginal principle, production can be increased if marginal revenue would exceed marginal cost. It means that the venture would be profitable

Marginal cost is the increase in cost as a result of increasing output by one unit.

total marginal cost = 1000 + 50 + 150 = 1200

Marginal revenue is the increase in revenue as a result of increasing output by one unit.

Marginal revenue exceeds marginal cost by (1500 - 1200) 300. Thus, hours of operation can be increased

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In 2018, Wilma Way’s sole proprietorship, WW Bookstore, generated $120,000 net profit. In addition, Wilma recognized a $17,000 g
kiruha [24]

Answer:

A. $120,000 is subject to self-employment tax

B. Wilma’s 2018 self-employment tax is $16,955

C. Wilma's allowable Section 199A deduction is $21,500

D. The taxable income from her bookstore activity is $107,982

Explanation:

A. The income from normal business activities are eligible for self employment tax, therefore $120,000 is subject to self-employment tax.

B. To calculate Wilma’s 2018 self-employment tax we have to make the following calculation:

Wilma’s 2018 self-employment tax=($120,000×92.35%)×15.30%

Wilma’s 2018 self-employment tax=$16,955

C. Assuming $43,000 of W-2 wages and $90,000 unadjusted basis of tangible depreciable property, the computation of Wilma's allowable Section 199A deduction would be as follows:

In this case would be 50% of W2 wage, therefore:

Wilma's allowable Section 199A deduction=$43,000×50%=$21,500

D. The taxable income from her bookstore activity=Gross Income-50%self-employment tax-Wilma's allowable Section 199A deduction

Gross Income=$120,000+$17,000+$960=$137,960

50%self-employment tax=$16,955×50%=$8,478

Wilma's allowable Section 199A deduction=$21,500

Therefore, The taxable income from her bookstore activity= $137,960-$8,478-$21,500=$107,982

7 0
3 years ago
If you put $7000 in a saving account that earns 2% interest for 10 years, how much will you have in
blondinia [14]

Answer:

1) 56,000

2) 9,950

3) 8,479

4) 25,500

Explanation:

1)20% of 70.000=56.000

2)5% of 10.000=9.950

3)21% of 10.500=8.479

4)15% of 30.000=25.500

4 0
3 years ago
Ashley Inc.’s total value is $950 million. Its balance sheet shows $100 million of accounts payable, $100 million of notes payab
PIT_PIT [208]

Answer: $7.50

Explanation:

Given that,

Total value = $950 million

Accounts payable = $100 million

Notes payable = $100 million

Long-term debt = $200 million

common equity = $200 million

shares of common stock = 100 million

Value of equity = Value of firm - Value of preferred stock - Value of long term debt.

                         = $950 million - 0 - $200 million

                         = $750 million

Value\ of\ stock = \frac{Value\ of\ equity}{Number\ of\ shares}

Value\ of\ stock = \frac{750}{100}

                                 = $7.50

                     

5 0
3 years ago
The total assets on the balance sheet was $128,800 before journalizing and posting the adjusting entries for $800 of expired ins
Tanya [424]

<u>Given:</u>

Total assets before journalizing and posting the adjusting = $128,800

Expired insurance = $800

Expired rent = $2,400

Depreciation = $900

<u>To find:</u>

Total assets after journalizing and posting the adjusting

<u>Solution:</u>

To determine the value of the total assets after journalizing and posting the adjustment, we have to subtract all the given values i.e, the expired rent, expired insurance and the depreciation values from the total assets before journalizing and posting the adjusting.

The calculation is as follows,

Total assets after journalizing and posting the adjusting

\Rightarrow\$128,800 - \$800 - \$2,400 - \$900 = \$124,700

Therefore, the required value of the total assets after journalizing and posting the adjusting is $124,700.

8 0
3 years ago
Wrong Meds, Again! “It was horrible,” said the distraught client. “No matter how many times I provided the information, no one l
NemiM [27]

Answer:

Explanation:

no it will not happen agian because she learned from her mistake!

6 0
3 years ago
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