In a __________ bond, the arrestee hires a bail agent who posts the amount required and charges a fee for services rendered.

Block Island TV currently sells large televisions for $ 380. It has costs of $ 310. A competitor is bringing a new large televis

Fofino [41]

Answer:

$281.67

Explanation:

Data provided in the question:

Current selling price of large TV = $380

Cost of Large TV = $310

Selling price of new TV = $340

Increase in sales = 20% = 0.20

Current sales = $150,000

Now,

Expected sales after reducing the price = Current sales + Increase in sales

= 150,000 + ( 0.20 × 150,000 )

= 150,000 + 30,000

= 180,000

Target Operating income = ( $380 - $310 ) × current sales

= $70 × 150,000

= $10,500,000

New operating cost per unit

= Target Operating income ÷ Expected sales after reducing the price

= $10,500,000 ÷ 180,000

or

New operating cost per unit = $58.33

Target Cost

= Price after reduction - New operating cost per unit

= $340 - $58.33

= $281.67

3 0

4 years ago

The reasons why a company opts to expand outside its home market include all of the following EXCEPT:

hram777 [196]

Answer:

E. identifying resources and capabilities in the company's home market.

Explanation:

Expanding into international markets gives a company access to new markets, thereby increases the number of its customers. The company will have to increase its production to cater to a large number of customers. Bulk production results in the company enjoying economies of scale.

For a company to enjoy to consider international markets, it must have already identified its capabilities in the domestic market. The reason for seeking foreign markets if to fully exploits its existing capabilities and resources. Expanding to international markets involves building on the already identified resources and abilities.

8 0

3 years ago

A company wants to set up their headquarters in Spain where the corporate tax rates are as follows: 11% of first $40,000 profits

cupoosta [38]

Answer:

The correct answer is $240,000 and $76,030.

Explanation:

According to the scenario, the computation for the given data are as follows:

Total Revenue = $350,000

Total cost = $100,000

So, Profit = $350,000 - $100,000 = $250,000

Allowable tax deduction = $10,000

So,Taxable income = $250,000 - $10,000 = $240,000

Tax to pay:

11% on first $40,000 = ( 11% × $40,000) =$4,400

22% on next $26,000 = ( 22% × $26,000) = $5720

39% on next $29,000 = ( 39% × $29,000) = $11,310

42% on ($240,000 - $110,000) = ( 42% × $130,000) = $54,600

So, Total tax payable = $4,400 + $5,720 + $11,310 + $54600

= $76,030

3 0

4 years ago

The _____ adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP).

Alex_Xolod [135]

The expenditure approach adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP). The expenditure method is the most widely used method when trying to estimate GDP. GDP stands for Gross Domestic Product which refers to the total value of goods and services that are provided in a country over the period of one year.

7 0

3 years ago

Read 2 more answers

Schager Company purchased a computer system at a cost of $40,000. The estimated useful life is 10 years, and the estimated resid

Elodia [21]

Answer:

The correct answer is B: $5,600

Explanation:

Giving the following information:

Schager Company purchased a computer system for $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000.

Double-declining balance method= Netbook value* (2/useful life in years)

Year 1:

Double-declining balance method= (40000-5000)*(2/10)= $7000

Year 2:

Double-declining balance method= (35000-7000)*0.20= $5,600

7 0

3 years ago