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VikaD [51]
3 years ago
15

In the base year the average family spent 25% of its income on Good X, 25% on Good Y, and 50% on Good Z. Over the second year th

e prices of Goods X and Y were unchanged but the price of Good Z increased by 30%. Which of the following statements is correct?
A) The price index at the end of the second year was 100 + (0+0+30)/3 = 110.
B) The effect on the price index is unknown if we don't know how the average family's consumpion of the three goods changed in the second year.
C) The price index would be less than 100 if the average household responded to the relative price changes by spending all it's income on Goods X and Y and nothing on Good X.
D) Answers (B) and (C )are correct, but answer A is incorrect.
E) None of the above is correct.
Business
1 answer:
sveta [45]3 years ago
4 0

Answer:

none of the above broskie

Explanation:

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Selected income statement data follow for Harley Davidson, Inc., for the year ended December 31, 2016 (in thousands): Income bef
Alina [70]

Answer:

D. 35.5

Explanation:

Times Interest Earned

\frac{EBIT}{Interest \:Expense}

Where EBIT = Earning before interest and taxes

In your assingment we have the Income before the income taxes, whgich means it is including the interest expense, we need to remove it:

EBT + Interest expense = EBIT

1,023,911 + 29,670 =1,053,581

Now we calculate the TIE

1,053,581 /  29,670 = 35.50997641 = 35.51 = 35.5

The company earns their interest 35.5 times.

6 0
3 years ago
Brown and Lowery, Inc. reported $470 million in income before income taxes for 2018, its first year of operations. Tax depreciat
damaskus [11]

Answer:

$20 Million

Explanation:

  • Reported Income before taxes for 2018= $470 Million
  • Tax Depreciation excess over Financially Reported Depreciation= $ 50 Million
  • Income Tax rate for 2018= 35%
  • Enacted Rate for Years after 2018= 40%

Calculation

  • The Deferred Tax Liability= Excess of Tax Depreciation over Financially Reported Depreciation × Enacted Tax Rate
  • = $50,000,000 × 40%
  • =$20,000,000

Deferred Tax Liability

This represents the tax due for a particular period but yet to be paid. A deferred tax liability is the indication that an organisation will have to pay mor tax in the future as a result of a current transaction.

In the situation of Brown and Lowery, the Deferred tax is an applied tax rate to the excess of tax depreciation over financial reporting depreciation.

Based on International Accounting Standard (IAS) 12, Deferred tax liability should be calculated using the Enacted rate for years after the current period.

Also, $50,000,000 is the excess of tax depreciationi over depreciation used for financial reporting, however, since the firm has a $20, 000,000 which is a non-tax deductible expense then it will not affect our Deferred Tax Liability Calculation.

8 0
3 years ago
Santorino Company produces two models of a component, Model K-3 and Model P-4. The unit contribution margin for Model K-3 is $6;
tresset_1 [31]

Answer:

Contribution per unit of scare resource (in hour) = $24 per hour

Explanation:

The question falls under the limiting factor analysis

<em>When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate it for production purpose in such a way that </em><em>it maximizes the contribution per unit of the scare resource.</em>

Therefore Santario Company should allocate the machine hours to maximize the contribution per unit of machine hour.

Contribution per unit of scare resource is determine as follows:

Contribution per unit of scare resource for Model K-3

Contribution per unit of Model K-3 = $6

Machine time per unit =  15 minutes

<em>Contribution per unit of scare resource in minutes</em>

=Contribution per unit/Machine time per unit

= 46/15 minutes

= $0.4 per minute

Contribution per unit of scare resource (in hour)

$0.4 per minutes× 60

= $24 per hour

7 0
3 years ago
Why is it good for businesses to join their local chamber of commerce?
Anit [1.1K]

Because it helps them finish whatever project they are working and helps them and thats it and plz give me thanks and brainliest if u can

7 0
3 years ago
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Which companies entry into the Chinese market resulted in their brand being translated as 'bite the wax tadpole
dlinn [17]
Coca Cola? I might be wrong but I'm pretty sure
3 0
3 years ago
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