32. Peter must decide if he should add one more dog to his dog-walking business. What is this decision an

g Hagger Sounds has accumulated the following cost and market data on March 31: Cost Data Market Data iPods $24,000 $20,400 Cell

pentagon [3]

Answer:

The value of the ending inventory is $64000

6 0

3 years ago

Read 2 more answers

A basket of goods costs $200 in the base year and $210 just twelve months later. The price index in the second year is _________

Stells [14]

Answer:

105%.

Explanation:

Price index = (price of Market Basket of the year of interest / price of the Market Basket of the base year) × 100

Given,

Cost of basket of goods in base year = $200

Cost of basket of goods in year of interest = $210

Price index in year of interest (second year) = (210/200) × 100

= 105%

The price index in the second year is 105%.

5 0

3 years ago

Looking for cost savings in administrative areas, the vice-president for human resources at McMahon Corporation asked his assist

givi [52]

Answer:

McMahon Corporation

Partial productivity measures for labor for the four locations:

Mobile Pecos Spokane Lansing

Labor productivity 3.26 3.93 3.29 2.48

(meals per labor

hour)

Explanation:

a) Data and Calculations:

Mobile Pecos Spokane Lansing Total

Meals served 114,000 216,000 74,000 13,500 417,500

Labor-hours 35,000 55,000 22,500 5,250 117,750

Labor productivity 3.26 3.93 3.29 2.48 3.55

b) Labor productivity is computed as total output divided by labor-hours (labor input). It is the manpower or workforce productivity. It is one of the productivity measures with capital as the other measure.

3 0

3 years ago

Lance's taxable income last year was $65,350. According to the tax table

Yakvenalex [24]

The amount of tax that Lance is going to have to pay under the single status is going to be $12,531

<h3>What is the single status tax system?</h3>

This is the status that is used by the people that are not married. In this system of filing taxes, the way that it is done is that the single filers would have to use the single status for the internal revenue service.

We have to multiply the income that is taxable from last year by 19.17%

= $65,350 * 19.17%

= $12531

Hence the amount that has to be taxed is going to be 12531

Read more on taxes here: brainly.com/question/25783927

#SPJ1

4 0

2 years ago

On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the month: Ja

Marina86 [1]

Answer:

Required 1.

Jan 1

Cash $30,000 (debit)

Capital $30,000 (credit)

Jan 2

Rent Expense $2,450 (debit)

Cash $2,450 (credit)

Jan 3

Supplies $2,200 (debit)

Accounts Payable $2,200 (credit)

Jan 4

Accounts Payable $850 (debit)

Cash $850 (credit)

Jan 5

Cash $14,940 (debit)

Fees Earned $14,940 (credit)

Jan 6

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Cash $2,050 (credit)

Jan 7

Salaries Expenses $2,000 (debit)

Cash $2,000 (debit)

Jan 8

Supplies Expense $1,100 (debit)

Supplies $1,100 (credit)

Jan 9

Capital $3,200 (debit)

Cash $3,200 (credit)

Required 2

Cash = $ 34,390 (debit)

Capital = $ 26,800 (credit)

Rent Expense $2,450 (debit)

Supplies = $ 1,100 (debit)

Accounts Payable = $ 1,350 (credit)

Fees Earned $14,940 (credit)

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Salaries Expenses $2,000

Supplies Expense $1,100

Required 3.

Debit Credit

Cash $ 34,390

Capital $ 26,800

Rent Expense $2,450

Supplies $ 1,100

Accounts Payable $ 1,350

Fees Earned $14,940

Automobile Expenses $1,580

Miscellaneous expenses $470

Salaries Expenses $2,000

Supplies Expense $1,100

Totals $43,100 $43,100

Required 4.

a. Amount of total revenue recorded in the ledger = $14,940

b. Amount of total expenses recorded in the ledger = $7,600

c. Amount of net income for January = $7,340

Required 5.

Increased by $4,140

Explanation:

<u>Calculation of T - Account Balances </u>

Cash $30,000 - $2,450 - $850 + $14,940 - $2,050 - $2,000 - $3,200 = $ 34,390 (debit)

Capital $30,000 - $3,200 = $ 26,800 (credit)

Rent Expense $2,450 (debit)

Supplies $2,200 - $1,100 = $ 1,100 (debit)

Accounts Payable $2,200 - $850 = $ 1,350 (credit)

Fees Earned $14,940 (credit)

Automobile Expenses $1,580 (debit)

Miscellaneous expenses $470 (debit)

Salaries Expenses $2,000

Supplies Expense $1,100

<u>Calculation of total expenses recorded in the ledger. </u>

Rent Expense $2,450

Automobile Expenses $1,580

Miscellaneous expenses $470

Salaries Expenses $2,000

Supplies Expense $1,100

Total $7,600

<u>Calculation of net income for January.</u>

Sales Revenue $14,940

Less Expenses ( $7,600)

Net Income / (Loss) $7,340

<u>Calculation of increase or decrease in owner’s equity for January.</u>

Net Income / (Loss) $7,340

Less Drawings ($3,200)

Change $4,140

Therefore, Owners Equity Increased by $4,140

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8 0

3 years ago