Answer: $4,650 Tax Credit
Explanation: Green Corporation is entitled to file for a work opportunity credit as it has given work opportunities to workers with significant barriers to employment.
Green Corporation is entitled to get 40% on wages paid per year on workers who worked for at least 400 hrs and 25% for at least 120 hrs
Green Corporation had 2 sets of workers in this category and they are:
Set 1 worked 400 hrs and are paid $8,500
Set 2 worked 300 hrs and are paid $5,000
to get the work opportunity credit for 2019:
$8,500 * 40%+ $5,000 *25% = $3,400+$1,250= $4,650
Answer:
$22,175.40
Explanation:
For this question, we use the Future value formula that is shown on the attachment below:
Provided that,
Present value = $0
Rate of interest = 7%
NPER = 10 years
PMT = $1,500
The formula is shown below:
= -FV(Rate;NPER;PMT;PV;type)
So, after solving this, the future value is $22,175.40
Therefore, the amount at the end of the year is $22,175.40
Answer:
there are 59 nickels, 12 quarters, and 213 dimes
Explanation:
- let n = nickels
- let q = quarters
- let d = dimes
first step:
d = 3 (n + q) = 3n + 3q
d + n + q = 284
0.10d + 0.05n + 0.25q = 27.25
second step:
3n + 3q + n + q = 284
0.10 (3n + 3q) + 0.5n + 0.25q = 27.25
third step:
4n + 4q = 284
0.3n + 0.3q + 0.05n + 0.25q = 27.25
fourth step:
n + q = 71
0.35n + 0.55q = 27.25
fifth step:
replace q = 71 - n
0.35n + 0.55(71 - n) = 27.25
sixth step:
0.35n + 39.05 - 0.55n = 27.25
seventh step:
11.8 = 0.2n
eighth step:
n = 59
q = 71 - 59 = 12
d = 284 - n - q = 284 - 59 - 12 = 213
Answer:
$15,266
Explanation:
Sales $46,382
Less: Cost of goods sold <u>$16,659</u>
Gross profit $29,723
Less: Selling & administrative expense $11,766
Less: Depreciation <u>$6,415</u>
Earnings before interest and tax (EBIT) $11,542
Less: Interest expenses <u>$3,854</u>
Earnings before tax (EBT) $7,688
Less: Tax expenses (7688*35%) <u>$2,691</u>
Earnings after tax <u>$4,997</u>
Operating cash flow = EBIT + Depreciation expenses - Tax expenses
Operating cash flow = $11,542 + $6,415 - $2,691
Operating cash flow = $15,266
Answer:
remains unchanged as price increases when demand is unit elastic.
Explanation:
Total revenue = price × quantity
Demand is elastic when a small change in price has a greater effect on the quantity demanded.
If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.
Demand is inelastic if a small change in price has little or no effect on quantity demanded.
If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.
Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.
If price is increased and demand is unit elastic, there would be no change in total revenue.
I hope my answer helps you
