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3 years ago

Economics-- please help!

1 answer:

3 0

Contractionary fiscal policy. This occurs when government is spending less than the total tax revenue it receives. The policy is a result of raising taxes and/or reducing spending.

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Lily is planning to sell her home, which she bought seven years ago for a total of $168,000.the property value has increased by

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The answer is D. $251,700

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3 years ago

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Which of the following is an example of an annuity? A lump-sum payment made to a life insurance company that promises to make a

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Answer:

A lump-sum payment made to a life insurance company that promises to make a series of equal payments later for some period of time.

Explanation:

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Explain the accrual basis of accounting and reasons for adusting entries

Finger [1]

The accrual basis of accounting states that “expenses are matched with related revenues and are reported when the expense is incurred, not when cash changes hand”. Therefore, adjusting entries are required because of the matching principle in accounting.

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2 years ago

Bain Corporation makes and sells state-of-the-art electronics products. One of its segments produces The Math Machine, an inexpe

pochemuha

<u>Solution and Explanation:</u>

Revenue 5000 multiply 6.6 33000

Unit Level Variable Cost:

Material Cost 5000 multiply 2.7 -13500

Labor Cost 5000 multiply 1.2 -6000

Manufacturing Cost 5000 multiply 1.2 -6000

Shipping and Handling 5000 multiply 0.3 -1500

Sales Commission 0

Contribution Margin 6000

Should be accepted as it will increase profitability by $6000

Part b1&b2: Cost to Make Cost to Buy

Material Cost 40000*2.7 108000

Labor Cost 40000*1.2 48000

Manufacturing Cost 40000*1.2 48000

Prod Supervisor Salary 72000

Purchase Cost 40000*6.72 0 268800

Total Cost 276000 268800

Should purchase from outside as cost is lower than making it

Part b3:

Cost to Make Cost to Buy

Material Cost 60000 multiply 2.7 162000

Labor Cost 60000 multiply1.2 72000

Manufacturing Cost 60000*1.2 72000

Prod Supervisor Salary 72000 72000

Purchase Cost 60000*6.72 0 403200

Total Cost 378000 475200

Should make in house as cost is lower

Part c: It should not be eliminated.

Elimination will decrease profitability by $72000 which is being allocated company wide facility exp. Before Allocation, actual profit is (168000-24000-72000)=$72000

Loss is because of allocation of facility expenese, which will be allocated on other segment.

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4 years ago

Vernon is a cash basis taxpayer with a calendar tax year. On October 1, 2019, Vernon entered into a lease to rent a building for

ddd [48]

Answer:

$9,000

Explanation:

Calculation of the amount Vernon deduct for rent expense on his 2019 tax return will be :

Rent(lease)×Numbers of months used

Where:

Rent (lease)= 3,000

Numbers of months=3

Hence:

3,000×3=$9,000

Therefore the amount Vernon deduct for rent expense on his 2019 tax return is $9,000 which is 3000×3 month.

The 3 months is from 1st October to 31st December.

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3 years ago