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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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Newman Co. purchased CNC router cutting and engraving machinery at a cost of $320,000 in January 2019. The company’s estimated u
Amiraneli [1.4K]

Answer:

Depreciation Expense = $54400

Explanation:

The straight line depreciation charges a cosntant depreciation expense throughout the useful life of an asset.

The formula to calculate the straighline depreciation on an asset is,

Depreciation expense per year = (Cost - Salvage Value) / useful life

Thus,

The depreciation expense per year on Newman Co. CNC router cutting and engraving machinery is,

Depreciation Expense per year = (320000 - 48000) / 5

Depreciation  expense = $54400

7 0
3 years ago
An economy is productive efficient if it produces:__________
il63 [147K]

Answer:

A. maximum output with given resources and technology

Explanation:

Productive efficiency is a situation in which a firm/company cannot produce more of a good without reducing the production of another goods.

It can simply be said to be the reduction in the production of one goods for another.

From the above question, productive efficiency involves the maximum production or goods with the given resources and technology. This means that for a product to have maximum production, it must have another product's production reduced thus giving it the maximum output status.

Cheers.

6 0
3 years ago
Read 2 more answers
Economic efficiency is A. a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its
pickupchik [31]

Answer: Option B

Explanation: Economic efficiency refers to a situation when all the resources that exist in an economy are allocated in such a way that all the individuals and entities in the economy is getting the maximum utility out of them.

In an efficient economy the surplus of both consumer and supplier are maximum and any increase or decrease in resource allocation will only result in harm of the economy.

Hence from the above we can conclude that the correct option is B.  

5 0
3 years ago
Assume that wally world uses a perpetual weighted average inventory system. During the period, it had two sales. Calculate the a
SVEN [57.7K]

Based on the number of sales that Wally World had, the average cost per unit on hand on June 30 is $15.38.

<h3>What is the average cost per unit on hand?</h3>

After the first sale, the balance was:

= (10 x 12) + (10 x 15) - (6 x 13.50)

= $189

Then 10 more units were purchased which took the average units to:

= (189 + (10 x 18) ) / 24 units remaining after first sale

= 369 / 24

= $15.38 per unit

The rest of this question is:

6/1- BI 10 at 12

6/5: purchase 10 at 15

6/8 sale 6 units

6/28 purchase 10 at 18

Jne 30 sale 8 units

Find out more on the weighted average inventory system at brainly.com/question/16901422.

#SPJ1

6 0
2 years ago
The fact that Mercedes-Benz is known by three Chinese names in Asia—peng zee in Cantonese for Hong Kong, peng chi in Mandarin fo
MakcuM [25]

Answer: communication strategies

                                     

Explanation: In simple words, communication strategies refers to the strategies that are developed by the organisation so that their brand awareness could be spread effectively.  These strategies are developed to overcome the hurdles placed by the different languages.

In the given case, the potential customers of Mercedes know its brand from thee different names in three different countries.

Hence we can conclude that the given case depicts the importance of communication strategies.

5 0
3 years ago
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