Answer:
a. Operating Income = Sales - Production Cost - Depreciation Expense
Operating Income = $100,000 - $82,600 - $6,000
Operating Income = $11,400
b. Average Investment = (Initial Equipment Cost + Residual Value) / 2
Average Investment = ($60,000 + $0) / 2
Average Investment = $60,000 / 2
Average Investment = $30,000
c. Accounting Rate of Return = (Operating Income / Average Investment) * 100
Accounting Rate of Return = ($11,400 / $30,000) * 100
Accounting Rate of Return = 0.38 * 100
Accounting Rate of Return = 38%
The answers are the following:
1.<span>A </span>tax audit<span> is when the </span>IRS<span> decides to examine your </span>tax<span> return a little more closely and verify that your income and deductions are accurate.
2. </span><span>Compliance audit.
Construction audit.
Financial audit.
Information systems audit.
Investigative audit.
Operational audit.
<span>Tax audit.
3.</span></span>Estate taxes are taxes levied on a person's estate when that person dies. To do this, the government takes the market value of the person's property, investments, and other parts of the estate and imposes a tax on the overall estate value. The government also imposes an inheritance tax on property or assets that are passed on after someone has died and <span>bequeathed the assets to another
4.</span>If you have experience dealing with taxes, tax forms are available online and at the library or post office for you to complete yourself. (This is time consuming) If you aren’t too sure on how to do taxes, you can buy the software or go online. Lastly you could hire someone to do your taxes for <span>you.
5. </span>At the core, taxes are the mechanism by which a government is funded. Taxes pay for public education, public transportation, law enforcement, <span>and to build public roads
6. </span>If you make too much money than your income tax could be very high or if you don’t make enough and the tax is the same for everyone you could find yourself in a hole.7. -Income Taxes: Levied on the amount of money that each person earns during a calendar year. There may also be federal, state/province, and local income taxes depending on where they live.
-Excise Taxes: A federal and/or state tax on specific goods such as gasoline, tires, airfare, and cigarettes.
-Estate Taxes: Taxes levied on a person's estate when that person dies. Inheritance Taxes: A tax on property or assets that are passed on after someone has died and bequeathed the assets to another8. If you’re going to do your own taxes make sure you know what you’re doing.
Answer:
IRR is greater than required return by 17.38 - 16.8 % = 0.58 %
so project will accept
Explanation:
given data
initial cost = $38,000
cash inflows year 1 = $12,300
cash inflows year 2= $24,200
cash inflows year 3 = $16,100
rate of return = 16.8 %
solution
we consider here IRR is = x so
present value of inflows is equal to present value of outflows .............1
we can say that it as
initial cost = present value
3800 = 
solve it we get
x = 17.38%
here IRR is greater than required return by 17.38 - 16.8 % = 0.58 %
so project will accept
Answer:
$2.41
Explanation:
1 January-September 30 84,180*9/12=63,135
1 October-31 December (84,180+30,000)*3/12=28,545
Weighted average of common stocks outstanding =91,680
Earning per share (EPS)=Net Income/Weighted average common stocks
EPS=$221,062/91,680
EPS=2.41
Answer:
household buying goods and services in the product market
Explanation:
The product market is where final goods and services are sold to households and firms.
The factor market is where factors of production are exchanged.
Mary is buying food for her cat. There are no indications that Mary is a business and that the food is a factor of production. Therefore, Mary is an household and she's purchasing from the product market.
I hope my answer helps you
