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kenny6666 [7]
3 years ago
6

416,000 people each receive an average refund of $3,600, based on an interest rate of 3 percent, what would be the lost annual i

ncome from savings on those refunds
Business
1 answer:
victus00 [196]3 years ago
6 0

Answer:

$44,928,000

Explanation:

The fact that 416,000 received a refund of $3,600 each means that the tax authority would lose the interest income that could have been generated on the total refund amount based on a 3% interest rate of return.

Lost annual income=number of people who got refund*average refund per person*interest rate of return

number of people who got refund=416000

average refund per person=$3,600

the interest rate of return=3%

Lost annual income=416,000*$3,600*3%

Lost annual income=$44,928,000  

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January 1, 2016, Karev Corporation granted options to purchase 5,300 of its common shares at $6 each. The market price of common
sergey [27]

Answer:

$1.64 per share

Explanation:

The computation of Number of Shares for computing Diluted Earning per share is shown below:-

Proceeds expected = 5,300 × $6

= $31,800

No. of Shares re-purchased = $31,800 ÷ $11

= $2,891 (rounded)

Net Effect of Stock Option = 5,300 - $2,891

= 2,409 shares

Number of Shares for computing Diluted Earning per share = Outstanding shares + Net Effect of Stock Option

= 71,105 + 2,409

= 73,514

Diluted earnings per share for the quarter = Net income for the quarter ÷ Number of Shares for computing Diluted Earning per share

= $120,805 ÷ 73,514

= $1.64 per share

So, for computing the Number of Shares for computing Diluted Earning per share we simply applied the above formula.

8 0
3 years ago
Compute the standard cost for one hat, based on the following standards for each hat: Standard Material Quantity: 3/4 yard of fa
Paha777 [63]

Answer:

The standard cost for one hat is $ 11.65

Explanation:

The standard cost of a hat is determined after consider all the manufacturing costs components in it. Based on the data available, it is calculated as under:

Standard Material  3/4 yards @ $ 4 per yard                               $ 3.00

Standard Labor      1 hour at $ 5.75 per hour                               $ 5.75

Factory overhead   $ 2.90 per direct labor hour                         <u>$ 2.90</u>

Standard cost for one hat                                                           <u>$ 11.65</u>

The factory overhead has been considered at one hour, which is the direct labor hour in the standard calculation.

6 0
3 years ago
How do general partnerships and limited partnerships differ?
Dovator [93]
While limited partnerships<span> have at least one </span>general partner<span> who controls the company's day-to-day operations and is personally liable for business debts, they also have passive </span>partners<span> called </span>limited partners<span>.</span>
6 0
3 years ago
Abigail does not feel that the company is paying her enough money to live on, despite the fact that she works hard. The quality
Yanka [14]

The correct answer is hygiene factors. Hygiene factors is being describe as the job dissatisfaction that an individual feels for the job that he or she is in. The individuals are adequately addressed by this, they are likely not to be dissatisfied or will be satisfied.

5 0
3 years ago
According to Debra, the vice president of sales and marketing, Theo Chocolate's competitive advantage within the chocolate indus
tensa zangetsu [6.8K]

ANSWER: The most correct option is, option D. " Is the only company that manufactures organic fair trade chocolate".

EXPLANATION: The Theo chocolate which has been in existence since 2006 and they are the first and only chocolate company that uses organic fair trade in it's chocolate production in America. They has used an organic fair trade strategy, to bring in concerns from chocolate lovers, which shows how genuine and compassionate the company has been to cocoa farmers by announcing a fair price for buying cocoa from all farmers. This will also make chocolate lovers, to believe the company uses organic products in it's production of chocolate. This marketing strategy has made the Theo chocolate to be operational till date.

7 0
3 years ago
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