3.

Will Jones, Pharoah is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a

Reika [66]

Answer:

Total cost for 316 returns $3,962

Total cost for 408 returns $4,974

Total cost for 524 returns $6,250

Explanation:

The total cost incurred by Pharoah with the Mega Tax software is given by the fixed cost of $486, referring to the annual fees, added to the cost per tax return of $11 multiplied by the volume of returns filed (n):

$C= \$486+(\$11*n)$

i. if 316 returns are filed? (n = 316)

$C= \$486+(\$11*316)\\C=\$3,962$

ii. If 408 returns are filed? (n = 408)

$C= \$486+(\$11*408)\\C=\$4,974$

iii. If 524 returns are filed? (n = 524)

$C= \$486+(\$11*524)\\C=\$6,250$

Total cost for 316 returns $3,962

Total cost for 408 returns $4,974

Total cost for 524 returns $6,250

6 0

4 years ago

You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the

SpyIntel [72]

The question is incomplete. The complete question is :

You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.

Regular withdrawal $ 2200

Interest rate 2%

Frequency Monthly

Time 20 years

Solution :

Given :

Monthly withdrawal = $ 2200

Interest rate = 2%

Frequency = monthly

Time = 20 years

= 20 x 12 = 240 months

Formula used :

$w=\frac{[PZ^{r-1}(Z-1)]}{[Z^Y-1]}$ with Z = 1 + r

where, w = monthly withdrawal

P = principal amount

r = monthly interest rate

Y = Number of months

So, w = 2200

r = 2% = 0.02

Z = 1 + r

= 1 + 0.02 = 1.02

Y = 240

Therefore,

$2200=\frac{P(1.02)^{240-1}(1.02-1)}{(1.02)^{240-1}(1.02-1)}$

$P=\frac{2200(115.888-1)}{113.6164(0.02)}$

= 111,231829

≈ 111,232 (rounding off)

Thus, the account balance = $ 111,232

3 0

3 years ago

________ is a time of establishing personal and economic independence, career development, and, for many, selecting a mate, lear

Mkey [24]

Answer:

A.early adulthood is the correct answer

Explanation:

Early adulthood is the stage that is characterized by personal independence, reproductive ability, the grown-up become self-sufficient, independent and they explore various life opportunities.

The goal of this time period is to establish careers, homes, families, expand the social network, fulfill the sexual needs.

There are different challenges of early adulthood such as parenting, stress, intimacy, different lifestyles, divorce, trauma, depression, and effect of relation on the health

4 0

3 years ago

Taunton's is an all-equity firm that has 155,500 shares of stock outstanding. The CFO is considering borrowing $287,000 at 7 per

Stels [109]

Answer:

a. 1,821,571

Explanation:

Repurchase of shares = 24,500 shares

Share price per share = $287,000/24,500 = $11.7143

Value of the firm = 155,500*11.7143 = $1,821,571

4 0

3 years ago

Bay Beach Industries wants to maintain their capital structure of 40% debt and 60% equity. The firm's tax rate is 34%. The firm

Rina8888 [55]

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b

c. 11.30

7 0

4 years ago