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JulsSmile [24]
2 years ago
12

assuming you had dinner at Tuscan grille in newburyport your bill is 100 how much tax is added to the bill and what portion of t

he tax collected goes where​
Business
1 answer:
arsen [322]2 years ago
4 0

Answer:

Tax Value = 107.5 - 100 = 7.5

i'm not sure about the last portion

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An asset was purchased for $126,000 on January 1, Year 1, and originally estimated to have a useful life of 8 years with a resid
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Answer:

The correct answer is $23,663

Explanation:

Spreadsheet is attached with the calculus.  

Depreciation expense is the difference between the cost of the asset and the residual value, divided by the useful life of the asset.

Depreciation expense=(original cost-residual cost) /useful life

In this case,  conditions change at third year.  First, we must calculate the depreciation expense with the first situation. The first 2 years , we are going to decrease the asset value  with this depreciation expense.

Situation 1  Depreciation expense 14375

At third year ,  we must recalculate the depreciation expense.  The final value of second years is the  new "original value".

Situation 2

Original Value  97250

Residual Value  2600

Useful life  4

Depreciation expense= (97250 - 2600 )/4

Depreciation expense= 23,663

Download xlsx
4 0
3 years ago
During the recession of 2007−2009, the U.S. federal government’s tax collections fell from about $2.6 trillion down to about
Varvara68 [4.7K]

Answer: A. Yes

Explanation: The US tax system has built-in stabilizers which help when the economy is down.

Built-in stabilizers are economy policies of government which are triggered automatically to stabilize the economy when it experiencing a downward movement or an unexpected growth in an excessive way without the explicit intervention of the government. An example of this is unemployment insurance.

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3 years ago
Sefu is writing a speech on why his school board is going to cut funding for the arts, and what members of the community can do
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Answer:

The correct answer is letter "C": problem-solution.

Explanation:

Problem-solution speeches address an issue of interest and propose one of a more than one solution for the inconvenience. This speech starts by describing objectively the facts that led to the problem to later, with a more biased tone, propose a detailed set of steps that could be taken to improve the situation. The solution part of this type of speech tends to be persuasive.

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3 years ago
Sheffield Corp. produces three versions of baseball bats: wood, aluminum, and hard rubber. A condensed segmented income statemen
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Answer:

The correct answer is D.

Explanation:

Giving the following information:

Sales=$775000

Variable expenses= 523000

Contribution margin= 252000

Fixed expenses= 132000

Net income= $120000

Hard Rubber:

Sales=$65000

Variable expenses=58000

Contribution margin= 7000

Fixed expenses= 22000

Net income= -15000

New net income= 120,000 + 15,000 - 22,000= 113,000

6 0
3 years ago
Each of the following items must be considered in preparing a statement of cash flows. Indicate where each item is to be reporte
otez555 [7]

Answer:

Answer 1 - increment in money due will go under working exercises and $4000 will be appeared in negative there since it will decrease the money balance  

Answer 2 - issuance of preferred stock will go under financing exercises and since they are giving offers so income will increment by $115 × 10000 = $1150000  

Answer - 3 For devaluation Because we start setting up the announcement of incomes utilizing the overall gain figure taken from the salary explanation, we have to alter the net gain figure with the goal that it isn't diminished by Depreciation Expense. To do this, we include back the measure of the Depreciation Expense. So we have to add $14000 to net gain of $90000  

For bond premium amortization, its recorded in the working exercises area of the announcement of incomes. Under the roundabout strategy, the amortization of security premium is deducted from net gain since it decreases premium cost and, along these lines, expands net gain without a real money inflow.  

Answer - 4 Acquisition of property will go under contributing activities so in the event that we purchase more place where there is $20000, at that point it will lessen the money by $20000

6 0
3 years ago
Read 2 more answers
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