Answer:
$3,180
Explanation:
Monthly salary would be the base salary = $2500
Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;
Commission = 2% *34000 = $680
His total pay would be calculated by adding the base salary to the commission amount;
Total pay = base salary + commission
Total pay = $2500 + $680
Total pay = $3,180
Answer: See explanation
Explanation:
a. The amount of depreciation for 2017 using financial accounting straight-line depreciation will be:
= $39000 × 8months/5 years
= $39000 × 8months / 60months
= $39000 × 8/60
= $5200
b. The amount of depreciation for 2017 using the straight-line depreciation election will be:
= $39000 × 10%
= $39000 × 0.1
= $3900
c. The amount of depreciation for 2017, including bonus depreciation but no election to expense, that Mike could deduct using the MACRS tables will be:
= ($39000/2) + $3900
= $19500 + $3900
= $23400
d. If there is no income limit on the expense election, the amount of depreciation for 2017 including bonus depreciation and the election to expense that Mike can deduct will be:
= $25000 + $7000 + $1400
= $33400
Answer:
$10
Explanation:
Price Q Demanded Q Supplied Domestically Q Supplied by Importers $6 13,000 2,000 8,000
$7 12,000 4,000 8,000
$8 11,000 6,000 8,000
$9 10,000 8,000 8,000
<u>$10 9,000 = 9,000 </u><u> </u> 8,000
$11 8,000 10,000 8,000
If there is no international trade allowed, then we should look for the price at which the quantity demanded is equal to the quantity supplied by domestic producers. At $10 per widget, the total quantity demanded is 9,000 units and the total quantity supplied by domestic producers is 9,000 units.
<span>BASIC FORMULAE IS ASSETS -(LIABILITIES +COMMON STOCK)=RETAINED EARNINGS SO, BY SUBSTITUTION 40000-(11000+COMMON STOCK)=25000 THUS COMMON STOCK 4000</span>
