Which of the following is NOT part of a Kaizen event?

Carol sold her investment property for $450,000 and had $21,000 in closing costs. The property had a beginning basis of $312,000

MAVERICK [17]

Answer:

$163,000

Explanation:

New adjusted basis for Carol's property will be

the Beginning basis plus capital gain minus depreciation

=$312,000 + 34,000 - $ 80,000

=$346,000 -$80,000

=$266,000

The net amount realized from the sale is

Selling cost minus closing costs

= $450,000 -$21,000

=$429,000

The capital gain will be the amount received - new adjusted basis

=$429,000 - 266,000

=$163,000

3 0

3 years ago

Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and Department

m_a_m_a [10]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The rate used is 100 percent of direct labor costs.

Baseball Bats - Tennis Rackets:

Sales revenue= $ 1,580,000 $ 1,125,000

Direct labor= 320,000 160,000

Direct materials= 564,000 293,000

First, we need to allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Baseball= 320,000*1= 320,000

Tennis= 160,000*1= 160,000

Baseball:

Sales= 1,580,000

COGS= (320,000 + 564,000 + 320,000)= (1,204,000)

Gross profit= $376,000

Tennis:

Sales= 1,125,000

COGS= (160,000 + 293,000 + 160,000)= (613,000)

Gross profit= $512,000

6 0

3 years ago

When a firm uses a mathematical model to identify the price at which the firm will make the most money possible, it is implement

worty [1.4K]

Answer:

The maximizing profit strategy

Explanation:

When companies decides to use mathematical process in determining pricing, they are opting for profit maximizing strategy. Profit maximization is the situation in sales whereby profit are highest. Calculus is usually used in calculating the profit maximizing number of units produced. The level of output chosen for profit maximization is when the marginal cost equals the marginal revenue. This is the level at which the price is determined. Profit maximization analysis is a mathematical approach that helps organizations determine the price and output level that returns the greatest amount of profit.

6 0

3 years ago

Item8 4 points Time Remaining 44 minutes 36 seconds00:44:36 Item 8 Time Remaining 44 minutes 36 seconds00:44:36 Information for

arsen [322]

Answer: $38,250

Explanation:

Current portion of tax is the amount of tax payable on the current taxable income:

= Taxable income * tax rate

= 153,000 * 25%

= $38,250

8 0

2 years ago

Why does a campground at a national park not necessarily count as a public good?

In-s [12.5K]

It does not necessarily count as public good because a camp ground is not a good method of showing importance of the national park as the park is open to the public and should be respected in any means possible as they are open to the public and having it as a campground is not a way of showing its importance.

5 0

3 years ago

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