Answer:
529
Explanation:
A 529 plan is a plan to encourage savings for future education expenses. The money saved in a 529 plan is not subject to taxation as long as it will be used for education purposes.
Parents, grandparents, or guardians can open 529 savings account for a child, who will be named as the beneficiary. The contributor of funds to the account may be eligible for a state tax deduction for contributing to a 529 plan. The gains on the accounts are exempt from tax if they are to be used on education expenses.
Answer:
$114,000
Explanation:
The computation of the residual income is shown below:
As we know that
Residual Income = Net operating Income - Average Operating assets × Required rate of return
where,
Net Operating Income is
= Sales Revenue - Variable Costs - Fixed Costs
= $500,000 - $300,000 - $50,000
= $150,000
And,
Average operating Assets is
= Net Operating Income ÷ Return on Investment
= $150,000 ÷ 0.25
= $600,000
So, the residual income is
= $150,000 - $600,000 × 6%
= $150,000 - $36,000
= $114,000
Answer:
$52,285
Explanation:
The computation of the total manufacturing cost assigned to Job P is shown below:-
Total manufacturing cost = Direct material + Direct labor + Manufacturing overhead applied
= $13,000 + $21,000 + (2,300 × $7.95)
= $13,000 + $21,000 + $18,285
= $52,285
Therefore for computing the total manufacturing cost assigned to Job P we simply applied the above formula.
The amount that the company is worth at that exact time
Answer:10;5.
Explanation:John Firman was an adjunct professor in the American University, he teaches Seminar in policing in the Graduate schools of the institution. He has also worked with the Governor of Illinois, where he worked as an Associate Director of the Illinois Criminal Justice Authority between the year 1985-1994 Mr. John Firman is the Director of the Research Division of the International Association of Chiefs of Police (IACP.) According to professor Firman,the most common restriction on hiring applicants for police service with a history of drug use within the recent past is ten years for hard drugs and five years for marijuana.
