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jek_recluse [69]
3 years ago
14

Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 15% of any income, before deducting bonus and income ta

xes, above $100,000. Income before bonus and income taxes is $250,000. The effective income tax rate is 30%. Required: 1. Compute the amount of Raymond Moss's bonus. Bonus
Business
1 answer:
zaharov [31]3 years ago
5 0

Answer:

$22,500

Explanation:

Raymond Moss's bonus is computed as the excess of $100,000 of income before bonus and income taxes.

In other words, the income before bonus and income taxes of $250,000 minus $100,000 is the amount upon which the bonus is computed.

Bonus=excess of income before bonus and income taxes*rate of bonus

income before bonus and income taxes.=$250,000-$100,000

income before bonus and income taxes.=$150,000

bonus rate=15%

Bonus=$150,000*15%

Bonus=$22,500

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Roland and Quan are both on the staff of a car dealership. Roland is always asking colleagues to cover his shifts, but he never
WITCHER [35]

Answer:

Quan is a giver and Roland is a taker

Explanation:

A giver is someone who considers the needs of others before his needs. They support others without expecting anything in return. They are at the receiving end of interaction. In a workplace, they are not concerned about their success but give preference to uplifting and helping co-workers. Quan displays traits of a giver.

Takers, on the other hand, put their needs ahead of others. They try to gain maximum with minimum efforts. Roland displays traits of a taker.

7 0
3 years ago
What is word of mouth promotion?<br> ​
Colt1911 [192]

Answer:

Word of mouth promotion is a marketing tacnique

Explanation:

Word of mouth promotion is considered as an important advertising technique that helps to increase customers and attract more on the way. When customers are happy, they will steer dozens of other people, and this is how word of mouth works. According to a study, 28% of people consider word of mouth as an important marketing strategy.

4 0
3 years ago
Beginning inventory, purchases and sales data for tennis rackets are as follows:
IRISSAK [1]

Answer:

Cost of goods sold = $836

Ending inventory = $315

Explanation:

a) Data and Calculations:

Date     Description    Units  Unit Price  Balance

Apr. 1    Inventory         12         $45       $540

Apr. 11  Purchase          13         $47       $1,151 ($540 + 13 * $47)

Apr. 14 Sale                 (18)      $100        $315 ($7 * $45)

Sales revenue = $1,800 ($100 * 18)

Cost of goods sold = $836 ($47 * 13 + $45 * 5)

Ending inventory = $315  ($7 * $45)

b) Under the LIFO (Last in, First out) inventory valuation method, it is assumed that goods that were purchased closest to the selling date were the ones to be sold while those purchased earlier remain in inventory.

4 0
2 years ago
An additional worker is hired for an hour at a wage w = $12. the worker produces 4 hamburgers per hour with a price of $3 per ha
Lelechka [254]

The real wage paid to the worker is 4 hamburgers per hour.

<h3>What is Wage?</h3>
  • A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame.
  • The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.
  • It is broken down into two parts: a direct cost made up mostly of gross pay plus various benefits; and an indirect cost made up primarily of traditional and legal employer contributions and other fees.
  • Regular and supplemental pay can be divided into two groups.
  • The number of hours worked multiplied by the employee's hourly wage can be used to determine gross wages for hourly workers.

Learn more about wage here:

brainly.com/question/10062041

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3 0
1 year ago
In this blank graph of the business cycle, what does the red circled area on the grap
serg [7]

Answer:It is contraction

Explanation:It is at the smallest point

6 0
3 years ago
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