PLZ HELP

1) Suppose you have a team of two workers: one is a baker and one is a chef. Explain why the kitchen can produce more meals in a

leva [86]

I bekekeksns jsndnd 3

8 0

3 years ago

On December 31, 2016, Hamilton Inc. sold a used industrial crane for $1,060,000 cash. The original cost of the crane was $5.30 m

WITCHER [35]

Answer: a) $110,000 gain

Explanation:

Book value as on date of sale=Cost - Accumulated Depreciation

=$5,300,000 - $4,350,000

=$950,000

Gain on sales =1,060,000-950,000

=$110,000.

A gain because sales proceeds was greater than the Book value;

On December 31, 2016, Hamilton Inc recorded a gain of $110,000 gain

8 0

3 years ago

Net income reported under absorption costing will exceed net income reported under direct costing for a given period if: Group o

bazaltina [42]

Answer:

b. Production exceeds sales for that period.

Explanation:

This is said to be calculated or gotten from Earnings Before Interest And Taxes(EBIT). This is generally referred to as EBIT. They are returns from investments made in real estate or other forms of investments in a company that is gathered after all taxes and also other interests.

In arithmetic calculations it is done by calculating gross revenue from sales and services and also labour that was been involved. Remove the cost of goods sold, then add expenses from utilities, rent etc.

7 0

3 years ago

Why did many business owners want very little interference from the government?

hammer [34]

Government interference in business can cause many problems. Government taxation policies Affect business cost. Four instance, A rise and corporate tax rate Have the same affect as a rising cost. And while companies will pass many of these cost onto their consumers, it will Still affect their bottom line. Also when government raises things such as the minimum wage, it affects how many people a business going higher and can lead to them having to lay off employees.

5 0

4 years ago

What process have Texas cities used to limit the sale of beer and wine, to decide whether to freeze property taxes for seniors a

Zielflug [23.3K]

Answer:

The process which the Texas cities have used is

E. Initiative

Explanation:

Licenses and permits

Alcoholic beverages

A county may charge its own fee for a state-issued permit to sell

alcoholic beverages in the county in an amount no greater than half

of what the state charges

Real property taxes

Texas requires appraisal of property every three years at its fair

market value unless another system of valuation is specified. All

property is assessed at 100% of its appraised value for taxation. Each

year, a county may propose two property tax rates on the assessed

value under its jurisdiction that must be approved separately, one of

which is for debt service and the other of which is for funding normal

operations. Together they form a single county rate that may not

exceed the lower of the effective tax rate or the rollback tax rate,

unless the county first holds public hearings. The effective tax rate

is the rate needed to produce the amount of levy from the prior year.

The rollback tax rate is specifically designed to prevent property tax

rate limitations from precluding a county from servicing its debts.

Franchise taxes and fees

Counties do not have the authority to levy franchise taxes or fees.

Excise taxes

Alcohol

Each county receives about a tenth of the revenues collected

outside the incorporated limits of a municipality from a 14% state tax

on mixed beverages.

Motor fuel

Each county receives a portion of the revenues from a state tax

on gasoline. The revenues are channeled to counties through the

County and Road District Highway Fund in proportion to their area,

rural population, and total mileage of lateral roads. A county may

use its portion for the construction and maintenance of lateral roads

or the acquisition of rights-of-way for lateral roads, farm-to-market.

5 0

3 years ago