Determine what is wrong with the Language in each message, and rewrite using more appropriate language

Raphael lives in San Diego and runs a business that sells guitars. In an average year, he receives $722,000 from selling guitars

Rzqust [24]

Answer:

Statement 1: Explicit cost

Statement 2: Implicit cost

Statement 3: Implicit cost

Statement 4: Explicit cost

Accounting profit = Sales revenue - Explicit cost

= 722,000 - (422,000 + 268,000)

= $32,000

Economic profit = Sales revenue - (Explicit cost + Implicit cost)

= 722,000 - (422,000 + 268,000 + 2,000 + 21,000)

= $9,000

4 0

4 years ago

Chance is a traveling marketing representative for a publishing company. He is an independent contractor and was hired without n

Yuki888 [10]

Answer:

hold Chance but not the company liable

Explanation:

In this scenario Chance is an independent contractor so his actions are not representative of the companie's.

When an independent contractor causes damages while working the company will not be held liable for his negligence.

So in this scenario where Chance negligently runs a stop sign and causes an accident and Judy is injured. Only Chance is liable

5 0

4 years ago

3. Why is it important to fill out a W4 form correctly?

olchik [2.2K]

Answer:

"so that your employer does not hold out too much or too little in taxes

Explanation:

The W-4 form tells the employer the correct amount of tax to withhold from an employee's paycheck.

7 0

3 years ago

Read 2 more answers

Hagman Company has 110 units in Finished Goods Inventory at the beginning of the accounting period. During the accounting perio

vivado [14]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Beginning Finished Goods Inventory 110 units

During the accounting period:

Produced 190 units

Sold 300 units for $ 250 each.

All units incurred $ 75 in variable manufacturing costs

$ 22 in fixed manufacturing costs.

Hagman also incurred $ 7400 in Fixed Selling and Administrative Costs.

Absorption:

Cost of goods sold= (variable manufacturing costs + fixed manufacturing costs)*units sold= (75+22)*300= 29,100

Operating income= sales - cogs - fixed selling and administrative costs= 75000 - 29100 - 7400= $38,500

Variable:

Variable costs= 75*300= 22500

Operating income= sales - variable costs - fixed manufacturing costs (of production) - fixed selling and administrative costs=

Operating income= 75000 - 225000 - (22*190) - 7400= $40,920

8 0

4 years ago

A consulting firm has two departments, Corporate and Government. Computer support is common to both departments. The cost of com

coldgirl [10]

Answer:

Total cost for Corporate = $5,729,015

Total cost for Government = $6,720,985

Explanation:

The computation of Fixed and Variable of corporate and government is given below:-

Fixed cost allocated for Corporate = Fixed computer costs × Number of consultant of Corporate ÷ Total number of consultant

= $9,950,000 × 125 ÷ (125 + 175)

= $9,950,000 × 125 ÷ 300

= $4,145,833

Fixed cost allocated for Government = Fixed computer costs × Number of consultant of Government ÷ Total number of consultant

= $9,950,000 × 175 ÷ (125 + 175)

= $9,950,000 × 175 ÷ 300

= $5,804,167

Variable cost = Total cost - Fixed cost

= $12,450,000 - $9,950,000

= $2,500,000

Variable cost allocated for Corporate = Variable cost × Gigabytes of Storage for Corporate ÷ Total Number of Gigabytes of Storage

= $2,500,000 × 104,300 ÷ (104,300 + 60,400)

= $2,500,000 × 104,300 ÷ 164,700

= $1,583,182

Variable cost allocated for Government = Variable cost × Gigabytes of Storage for Government ÷ Total Number of Gigabytes of Storage

= $2,500,000 × 60,400 ÷ (104,300 + 60,400)

= $2,500,000 × 60,400 ÷ 164,700

= $916,818

Total cost for Corporate = $4,145,833 + $1,583,182

= $5,729,015

Total cost for Government = $5,804,167 + $916,818

= $6,720,985

8 0

3 years ago