Answer:
The correct answer is D.
Explanation:
Giving the following information:
Maker Co. discovered that in the prior year it incorrectly calculated depreciation expense and reported $75,000 in depreciation expense instead of the correct depreciation expense of $50,000. The tax rate for the current year was 35%.
We need to calculate two different impacts:
Accumulated depreciation= actual depreciation - original depreciation
Accumulated depreciation= 50,000 - 75,000= 25,000 overstated
Now, the effect on income:
Savings in tax= 25,000*0.35= $8,750
Answer:
GDP= $22
Explanation:
The groos domestic product (GDP) formula is:
GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ Net exports (exports-imports)
The problem gives the following information:
G= $12
I=$10
X-M= $0
We do not have information about consumption, then we assume is zero.
GDP= $0+$10+$12+$0
GDP=$22
Answer:
larger long-term credit or loan costs
less preparation for emergencies
increased long-term challenges
Explanation:
Personal finance involves planning and managing individual or family financial activities such as income generation, saving, spending, insurance, and investments. The process of managing personal finance is through budgeting and the development of a financial plan.
Personal finance can be done by oneself or with the help of a personal financial manager. The objective is to help one meet both their short term and long term financial goals. Personal finance planning assists one meet expected future expenditures such as retirement while preparing them for unforeseen emergencies.
Answer:
A) a 23.5% decrease in materials
B) a 64% decrease in labor costs
C) a 29.1% decrease in overhead
Explanation:
White Tiger's multifactor productivity = $300 / $148 = 2.027
if we want to increase the multifactor productivity by 12%, it will = 2.27
since we will not change the sales price, we must determine the new total cost:
$300 / cost = 2.27
cost = $300 / 2.27 = $132.16 ≈ $132, which represents a $16 decrease
A) materials ⇒ $16/$68 = 23.5%
B) labor costs ⇒ $16/$25 = 64%
C) overhead ⇒ $16/$55 = 29.1%
