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svetlana [45]
3 years ago
11

Would anyone like to ............ watch anime

Business
1 answer:
Phoenix [80]3 years ago
8 0

Answer:

aot

Explanation:

last episode soon

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Benjamin Addai determined the following tax information: gross salary, $87,000; interest earned, $80; deductible IRA contributio
Lelechka [254]
<span>Benjamin Addai determined the following tax information: gross salary, $41,000; interest earned, $80; deductible IRA contribution, $1,075; personal exemption, $3,950; and itemized deductions, $6,200. Calculate Benjamin’s taxable income and tax liability filing single.</span>
6 0
3 years ago
Bill Bonecrusher graduates from college w/ choice of playing professional football at $2 mil. a year/coaching for $50,000 a year
tangare [24]

Answer:

His opportunity cost a graduation was$50,000  and eight years later is  $2 million

Explanation:

His opportunity cost at the time of graduation is $50,000 as he has 2 choices at that time, either playing soccer or coaching. And as he has been playing football for eight years which implying that he gave up the coaching option. The opportunity cost was therefore $50,000, which is a yearly amount of coaching.

in the same way his opportunity cost is $2 million  after 8 years because he has two alternatives to play soccer and create films. And as  he gave up the possibility to play football. Therefore, the opportunity cost for playing soccer was $2 million, which is the sum he gets.

8 0
3 years ago
During August, 10,000 units were produced. The standard quantity of material allowed per unit was 10 pounds at a standard cost o
Snowcat [4.5K]

Answer:

actual quantity= 93,750 pounds

Explanation:

<u>To calculate the actual quantity of direct materials, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

18,750= (10,000*10 - actual quantity)*3

18,750= 100,000*3 - 3actual quantity

3actual quantity= 281,250

actual quantity= 281,250/3

actual quantity= 93,750 pounds

7 0
3 years ago
Interest versus dividend expense Michaels Corporation expects earnings before interest and taxes to be $ 50 comma 000 for the cu
Brilliant_brown [7]

Answer:

Here we have two cases and in one of these we are paying interest on a normal loan which is tax deductible and in the other case we are paying interest on a preference share which is not Tax allowable expense. So in the nutshell, the only difference will be tax amount computed in both cases for calculating Earnings available for ordinary shareholders.

Case 1. Interest paid on normal loan

Earning After tax = (Earnings before Interest & Tax - Interest) - Tax

Earning After tax = ($50,000 - 12000) - 21%

Earning After tax = $38000 - 21%*$38000

Earning After tax =  $30020

The amount available for the ordinary shareholders is $300,20

Case 2. Interest on preference shares

As the interest paid on preference share is not tax deductible so the tax will be calculated as 21% of the amount $50,000. So

Earning After tax = Earnings before Interest & Tax - Interest - Tax

Earning After tax = $50,000 - 12000 - (21%*$50,000)

Earnings After Tax = $38,000 - $10,500 = $27,500

So the amount available for the ordinary shareholders is $27,500.

8 0
3 years ago
Arctic Cat sold Seneca Motor Sports a shipment of snowmobiles. The snowmobiles were delivered on January 1, 2021, and Arctic rec
WITCHER [35]

Answer:

Assume the note indicates that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2021. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 39,700

    Cr Sales revenue 36,759.26

   Cr Discount on notes receivable 2,940.74

Discount on notes receivable is a contra asset account that decreases the net amount of notes receivable.

Assume the same facts as in requirement 1, and prepare the journal entry for Arctic to record collection of the payment on December 31, 2021.

Dr Cash 39,700

    Cr Notes receivable 36,759.26

    Cr Interest revenue 2,940.74

Assume instead that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2022. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 39,700

   Cr Sales revenue 34,036.35

   Cr Discount on notes receivable 5,663.65

Discount on notes receivable is a contra asset account that decreases the net amount of notes receivable.

Assume instead that Arctic does not view the time value of money component of this arrangement to be significant, and that the note indicates that Seneca is to pay Arctic the $39,700 due on the note on December 31, 2021. Prepare the journal entry for Arctic to record the sale on January 1, 2021.

Dr Notes receivable 33,900

    Cr Sales revenue 33,900

Explanation:

Non interest bearing notes must be recorded at present value, so we need to determine the present value of the payment:

Payment due December 21, 2021, PV = $39,700 / (1 + 8%) = $36,759.26

Payment due December 21, 2022, PV = $39,700 / (1 + 8%)² = $34,036.35

We use the discount on notes receivable account (contra asset account) to decrease the net value of notes receivable.

8 0
3 years ago
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