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4 years ago

A company purchased a new delivery van that cost

Business

2 answers:

Whitepunk [10]4 years ago

7 0

Explanation:

what was the cost of the van?

Elanso [62]4 years ago

3 0

Answer: Do we make up the cost of the truck if we do then I am making up the cost of the van and it is $10,000

Explanation:

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Alan (27) and Kara (26) are married and filing a joint return. Both Alan and Kara were full-time students all year at State Coll

Tresset [83]

Answer:

AOLC_{Allan}=$2750

AOLC_{Kara}=$2475

AOLC_{Allan}=$1000

AOLC_{Kara}=$780

Explanation:

American Opportunity Learning credit.

First, assuming Allan and Kara are eligible, we must know how the two forms of credit work. For the American Opportunity Learning credit (AOLC), it is possible to receive 100% of the tax deduction for the first 2000 and then 25% of the deduction up to a maximum of 2500. So, the amount of the opportunity credit for Allan and Kara is given by:

$AOLC_{Allan}=2000+(5000-2000)*0.25=2750$

$AOLC_{Kara}=2000+(3900-2000)*0.25=2475$

Now, for the American Lifetime Learning credit (ALLC), we have to allow 20% deduction of taxes up to $2000 if the person meets the requirement of not earning more than 68000, then:

$AOLC_{Allan}=5000*0.2=1000$

$AOLC_{Kara}=3900*0.2=780$

8 0

3 years ago

The formula for the cross-price elasticity of demand is percentage change in rev: Multiple Choice quantity demanded of B/percent

seropon [69]

Answer:

Quantity demanded of B/percentage change in price of A.

Explanation:

Cross price elasticity of demand is calculated as follows:

= Percentage change in quantity demanded for Good B ÷ Percentage change in price of good A

Cross price elasticity of demand is positive for the substitute goods and negative for the complimentary goods.

For Substitute goods:

It states that there is a positive relationship between the price of a good and the quantity demanded for its substitute goods.

For complimentary goods:

It states that there is an inverse or negative relationship between the price of a good and the quantity demanded for its complimentary goods.

3 0

4 years ago

Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the compl

lord [1]

Answer:

WATERWAYS CORPORATION

1. Overhead Rates and Actual Cost

Activity Cost Activity-based Actual Cost

Pools Overhead Rates Assigned

Irrigation Installation $148 ($1,928,440/13,030) $1,925,480 ($148 * 13,010)

Machining $0.05 $1,668,800

(all machine use) ($1,668,750/33,375,000) ($0.05 * 33,376,000)

Customer Orders $11 ($28,600/2,600) $28,182 ($11 * 2,562)

Design $109 ($763/7) $654 ($109 * 6)

Selling $15 ($306,000/20,400) $309,150 ($15 * 20,610)

2. Classification of activities by level, unit level, batch level, product level, or facility level:

Testing of products (if all items are tested) Unit level

Testing of products (if all items are not tested) Batch level

Designing new products Product level

Packaging Unit level

Molding Product level

Assembling Batch level

Depreciation Facility level

Machine maintenance Facility level

Advertising Product level

Equipment setups Batch level

Electricity required to run equipment Unit level

Requisitioning materials Unit level

Explanation:

a) Data and Calculations:

ABC system for Waterways.

WATERWAYS CORPORATION

Activity Cost Estimated Expected Use

Pools Cost Drivers Overhead of Cost Drivers Actual Use

per Activity of Drivers

Irrigation Installation Labor cost $1,928,440 13,030 13,010

Machining

(all machine use) Machine hours 1,668,750 33,375,000 33,376,000

Customer orders Number of orders 28,600 2,600 2,562

Shipping none (direct) N/A N/A traced directly

Design Cost per design 763 7 6

Selling Number of sales calls 306,000 20,400 20,610

4 0

3 years ago

In addition to other factors, knowing how customers arrive at their _______ is critical to developing successful pricing strateg

slega [8]

Answer:

perceptions of value

Explanation:

In sales jargon, perceived value or value of perception is refers to the appraisal of the quality of a products or services by the consumers and their ability to satisfy their demands and expectations, particularly when compared with their competitors. Marketing experts attempt to influence the potential value of a company to customers by defining the qualities which render it advantageous to the rivalry.

Perceived value ultimately boils down to just the quality of a commodity that the customer is prepared to pay. Even a quick decision taken in the supermarket of a shop requires an appraisal of the potential of a company to satisfy a need and deliver value relative to other goods with different aliases.

3 0

3 years ago

A company's Inventory balance at the end of the year was $188,000 and $200,000 at the beginning of the year. Its Accounts Payabl

Aloiza [94]

Answer:

$704,000

Explanation:

As we know that

Costs of goods sold = Beginning inventory + purchase made - ending inventory

$720,000 = $200,000 + purchase made - $188,000

So, the purchase would be

= $708,000

Now the cash payment would be

= Beginning balance of accounts payable + purchase - ending balance of accounts payable

= $80,000 + $708,000 - $84,000

= $704,000

7 0

4 years ago