Answer:
correct answer is d . $6,778
Explanation:
we get here total federal income tax that will be
as we know that
federal income tax withholding barbara = $2784
federal income tax withholding mark =$2253
form SSA 1099 = $1721
and form 1099 interest income = $20
we get total federal income tax that is sum of all four
total federal income tax = $2784 + $2253 + $1721 + $20
total federal income tax = $6,778
so correct answer is d . $6,778
Answer:
Budgeted purchases in units for August are 6600 units
Explanation:
The budgeted purchases in units for August under the policy followed by the company will be as follows.
The units required to meet August sales are 6000 units.
The opening inventory in August will be 40% of August sales that is 0.4 * 6000 = 2400 units
Thus, the units need to be purchased in August to meet August sales = 6000 - 2400 = 3600 units
In August, we also need to purchase enough units to cover 40% of September sales. Units needed in August for September sales = 0.4 * 7500 = 3000 Units
Purchases in August = Purchases required to meet August sales - Purchases required to meet the desired ending inventory
Purchases in August = 3600 + 3000 = 6600 units
Answer:
$65,000
Explanation:
Computation of the given data are as follows:
Direct material cost = Beginning balance + Purchase - Ending balance
Where, Beginning balance = $37,000
Purchase = $57,000
Ending balance = $29,000
So, by putting the value in the formula, we get
Direct material cost = $37,000 + $57,000 - $29,000
= $65,000
Answer:
Option (D) is correct.
Explanation:
Asymmetric information occurs in a situation in which one of the two parties involved in a particular transaction have more information than the other party. This problem mostly occurs in a health insurance market where the a person to be insured have more information about his health than the insurance company.
Asymmetric information will result in two problems are as follows:
(i) Adverse selection
(ii) Moral hazard