Which investment is best for someone who is likely to need cash soon? mutual fund CD 401(k) savings account

Gell Corporation manufactures computers. Assume that Gell:

kkurt [141]

Answer:

$83,000

Explanation:

The computation of the actual manufacturing overhead cost is shown below:

= Indirect labor + depreciation on plant + machinery repair + plant supplies + plant utilities

= $11,000 + $48,000 + $11,000 + $6,000 + $7,000

= $83,000

Only these five items would be considered as a actual manufacturing cost. The rest of the items would be ignored

5 0

3 years ago

Lemony Company made sales of $38,000 million during 2018. Cost of goods sold for the year totaled $16,340 million. At the end of

Evgesh-ka [11]

Answer:

Gross profit = 57%

Inventory turnover = 8.60 Times

Explanation:

The gross profit percentage can be calculated by dividing the gross profit by sales. Inventory turnover can be calculated by dividing the cost of goods sold by the average inventory, in this case average inventory is not given in the question. Average inventory can be calculated by dividing the sum of opening and closing inventory with 2.

Gross profit = (Sales - Cost of goods sold) / Sales x 100

Gross profit = (38,000 - 16,340) /38000 x 100%

Gross profit = 21,660/38,000 x 100

Gross profit = 57%

Inventory turnover = Cost of goods sold / Average inventory

Inventory turnover = 16340/1900

Inventory turnover = 8.60 Times

Average inventory = (1800 + 2000) /2

Average inventory = 1900 Million

8 0

3 years ago

Ace, Inc. just bought a new delivery truck. Which of these costs should be capitalized?1. The $500 for insurance on the truck fo

Mamont248 [21]

Answer:

2. The $25,000 cost of the truck and 3. The $2,000 paid to install shelves inside the truck4.

Explanation:

The cost to be capitalized are those necessary to being the assets to a state and place where it becomes available for use.

This cost includes the $25,000 cost of the truck and $2,000 paid to install shelves inside the truck.

Other costs such as $50 a week for gas to run the truck and $500 for insurance on the truck for the next 12 months are to be expensed.

5 0

3 years ago

Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the filing status of marr

sp2606 [1]

Answer:

1. Taxable income of $62,449 that includes a qualified dividend of $560.

tax liability = $1,975 + [12% x ($62,449 - $19,750)] = $7,098.88

2. Taxable income of $12,932 that includes a qualified dividend of $322.

tax liability = $12,932 x 10% = $1,293.20

3. Taxable income of $144,290 that includes a qualified dividend of $4,384.

tax liability = $9,235 + [22% x ($144,290 - $80,250)] + ($4,384 x 15%) = $23,981.40 ≈ $23,981

4. Taxable income of $43,297 that includes a qualified dividend of $971.

tax liability = $1,975 + [12% x ($43,297 - $19,750)] = $4,800.64 ≈ $4,801

5. Taxable income of $262,403 that includes a qualified dividend of $12,396.

tax liability = $29,211 + [24% x ($262,403 - $171,050)] + ($12,396 x 15%) = $52,995.12 ≈ $52,995

Explanation:

I used the 2020 tax bracket. Everyone earning over $78,750 but less than $488,850 must pay a 15% tax rate for their qualified dividends.

5 0

3 years ago

"Markets are not always perfectly competitive and some firms consistently outperform industry averages. This suggests that firm

Mekhanik [1.2K]

Answer:

Effectiveness, Efficiency in management to achieve organisation goals/ objectives - survival, profit & growth : can make some firms consistently outperform industry averages

Explanation:

Effective & Efficient Management , keen to make organisation achieve its short term & long term goals : can make firm(s) outperform industry average.

Management is the art of getting things done with the aim of achieving organisation goals/ objectives . Organisational objective include : Survival , Profit (market standing) & Growth (innovation) . Effectiveness (getting things done on time) & efficiency (getting best output out of least input) are core aspects of organisation goals achievement.

Good management is very crucial to an organisation's successful performance. It can make organisation achieve right targets at the right time in the right manner. This correct coordination of activities, time & manner can make an organisation realise its potential to the fullest & outshine in its industry.

3 0

3 years ago