All of the following would be defined as exempt transactions EXCEPT :_______

Radar Company sells bikes for $490 each. The company currently sells 4,300 bikes per year and could make as many as 4,620 bikes

Karo-lina-s [1.5K]

Answer:

Radar's additional income for accepting the order is calculated as follows:

Sales - 320 x $460 = $147,200

less Cost of Sales = 320 x $180 + $48,000 = $105,600

Additional Income = $41,600

Explanation:

The additional income of $41,600 is $147,200 - $105,600, which is the result of deducting cost of sales from Sales.

The cost of sales includes the variable cost per bike, including the incremental fixed costs ($48,000) to make this order.

To make a decision whether to accept an order or not, the company needs to consider all variable costs, including the incremental fixed costs. The resulting additional income is what is available to offset the fixed costs.

8 0

2 years ago

A(n) _________ is a computer designed to be used by one person at a time, and it does all of its input, output, processing and s

horrorfan [7]

A personal computer i.e. a laptop

6 0

2 years ago

Trout Lumber Yard has a current accounts receivable balance of $447,516. Credit sales for the year just ended were $8,105,305. a

musickatia [10]

Answer:

Trout Lumber Yard

a. The receivables turnover = Net Credit Sales/Average Receivables

= $8,105,305/$447,516

= 18 times per year

b. The Days' Sales in Receivables = Average Receivables/Credit Sales * 365

= $447,516/$8,105,305 * 365

= 20.15 days

c. On the average, it took 20.15 days (365/18.11) for credit customers to pay off their accounts during the past year.

Explanation:

a) Data and Calculations:

Accounts receivable balance = $447,516

Credit sales for the year just ended = $8,105,305

The receivables turnover = Net Credit Sales/Average Receivables

= $8,105,305/$447,516

= 18.11 times

The Days' Sales in Receivables = Average Receivables/Credit Sales * 365

= $447,516/$8,105,305 * 365

= 20.15 days

8 0

2 years ago

The Consumer Price Index is a way that the U.S. government measures ____.

Ludmilka [50]

Answer:

prices of all goods and services bought by US households

Explanation:

3 0

3 years ago

Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The activity produces the followi

Nataliya [291]

Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The amount of income that Alex must report and the amount of the expenses he is permitted to deduct are:

Income $18,000

Expenses $3,000

An activity or business is classified as hobby :

The owner of the business is not making profit from the business
When their is no proof as to whether the business owner is making profit
When the owner does not intend to make profit from the business etc

Based on the given information the revenues or income amount of $18,000 will be the amount that will be reported by Alex as part of the gross income.

While the expenses or property taxed amount of $3,000 is deductible because the deductions are itemized deductions.

Inconclusion Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The amount of income that Alex must report and the amount of the expenses he is permitted to deduct are:

Income $18,000

Expenses $3,000

Learn more here:

brainly.com/question/16633416

3 0

1 year ago

All of the following would be defined as exempt transactions EXCEPT :________