Answer:
total taxable income = $73,000
tax liability = $7,505
Explanation:
Clarice's ordinary income $30,000
Clarice's capital gains:
- selling of stock = $34,000 - $16,000 = $18,000
- selling of coin collection = $55,000 - $30,000 = $25,000
- total long term capital gains = $43,000
Clarice's taxable income = $73,000
Clarice's ordinary income tax rate 2011:
ordinary income = $30,000 - standard deduction $5,800 = $24,200
- 10% on taxable income from $0 to $8,500 = $850
- 15% on taxable income over $8,500 to $34,500 = $2,355
ordinary income taxes = $3,205
Clarice's capital gains tax rate 2011 = 10%
capital gains taxes = $43,000 x 10% = $4,300
total tax liability = $7,505
Answer:
c) by setting MR(q)=MC(q) at a q for which p(q) is at least AVC(q)
Explanation:
Profit is maximised at MR= MC and price is greater than MC for monopoly.
Answer:
$0
Explanation:
Scott Company must record the warranty expense and liability regarding the products sold during the years that they occur. For example, the following journal entry must be made to record the warranty expense for year 1:
Dr Warranty expense 25,000
Cr Warranty liability 25,000
During year 2, they will record the warranty expense for that year:
Dr Warranty expense 20,000
Cr Warranty liability 20,000
That means that during year 3, the only warranty expense recorded will be the one related to the goods sold during that year.
Answer:
the amount that should be charged for the other department is $60,000
Explanation:
The computation of the amount that should be charged for the other department is shown below:
= Variable cost per meal × number of meals
= $4 × 15,000 meals
= $60,000
hence, the amount that should be charged for the other department is $60,000
So the same would be relevant
