5)True or False: Offering sales discounts on credit sales can benefit a seller by decreasing the delay in

ale4655 [162]

Answer:

The answer is c. remains constant in total with changes in the level of activity.

Explanation:

In a cost structure of a firm, for decision-making purpose, it is usually divided into fixed cost and variable cost.

Variable cost is the type of costs which will increase following an additional production of an extra unit of product/service, that is, level of activity has been risen up given the production is taken place. A good example of these cost are material cost, labeling cost.

Fixed cost, as it name may tell, is costs that are unchanged regardless of a firm's activities level. That is, regardless of how many product/service is produced, these costs remain the same. A good example of these cost are depreciation cost, rental cost.

4 0

3 years ago

Douglas Industries produced 5,500 units of product that required 2.5 standard hours per unit. The standard variable overhead cos

jeka94

Answer:

The variable factory overhead controllable variance is $2,250 favorable.

Explanation:

variable factory overhead controllable variance

= standard variable cost - actual variable cost

= $5500-2.5*3 - $39000

= $2,250 favorable

Therefore, The variable factory overhead controllable variance is $2,250 favorable.

8 0

3 years ago

Which of the following characteristics would lead the auditor to assess control risk at a higher level?a. It is difficult for th

Yuri [45]

Answer:

E. All of the above.

3 0

3 years ago

g Oregon Corp. prepares its financial statements annually and has a calendar year end. The adjusted trial balance ( NO MORE ADJU

Semmy [17]

Answer:

$1,700,000

Explanation:

The computation of the NET accounts receivable (the cash realizable value) at December 31, 2019 is shown below:

= Account receivable - allowance for doubtful debts

= $2,000,000 - $300,000

= $1,700,000

By deducting the allowance for doubtful debts from the account receivable we can get the net account receivable or the cash realizable value

Therefore we ignored the bad debt expense

5 0

3 years ago

Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries,

Firdavs [7]

The total amount of deductions Marc and Michelle are going to get is $24750.

The taxable income of Marc and Michelle is $47750.

Further Explanation:

Income Tax: It is the additional charge on an individual’s income which he/she needs to pay to the government. The taxable income is calculated by adding all the incomes and deducting all the deductions which an individual can claim on his/her income.

Compute the total amount of deductions available for Marc and Michelle:

Total Deduction Available

= Higher of Standard Deduction for MJF and Itemized Deduction + Personal and Dependency Exemptions

= Higher of $12600 and $6000 + $12150 ($4050×3)

= $12600 + $12150

=$24750.

Therefore, the total deductions available to Marc and Michelle are $24750.

Gross Income of Marc and Michelle

= Salary of Marc + Salary of Michelle + Interest Earned on Corporate Bonds

= $64000 + $12000 + 500

= $76500.

Total Taxable Income of Marc and Michelle

= Gross Income – Qualified Moving Expenses – Alimony Paid – Total Deductions

= $76500 - $2500 - $1500 - $$24750

= $47750.

Therefore, the total taxable income of Marc and Michelle is $47750.

Learn More:

1. Learn more about the tax on the profit from selling the fixed assets

brainly.com/question/2617534

2. Learn more about the personal tax

brainly.com/question/1762937

3. Learn more about the role of money

brainly.com/question/12984919

Answer details:

Grade: Senior School

Subject: Taxation

Chapter: Income Tax

Keywords: Taxable income, Marc and Michelle, Deductions, salary income, earned, corporate bond interest, interest on municipal bond, standard deductions, US tax brackets.

4 0

3 years ago

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