How much does supplemental medicare insurance cost?.

On december 1, milton company borrowed $480,000, at 8% annual interest, from the tennessee national bank. interest is paid when

Vlad [161]

Debit Interest Expense [$480,000 x 8% x 360/360] = $38,400.00
Credit Interest Payable = $38,400.00

5 0

3 years ago

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The Sisyphean Company is considering a new project that will have an annual depreciation expense of $3.6 million. If Sisyphean's

castortr0y [4]

Answer:

$1,260,000

Explanation:

Given that,

Annual depreciation expense = $3.6 million

Marginal corporate tax rate = 35%

Average corporate tax rate = 30%

The reason to use marginal tax shield is that the firm would save additional amount it would have paid in taxes.

Value of the depreciation tax shield:

= Marginal corporate tax rate × Annual depreciation expense

= 35% × $3,600,000

= $1,260,000

Therefore, the value of the depreciation tax shield on the company's new project is $1,260,000.

3 0

3 years ago

An unfavorable materials quantity variance indicates that: Garrison 16e Rechecks 2017-08-17 Multiple Choice

Whitepunk [10]

Answer:

Actual usage of material exceeds the standard material allowed for output.

Explanation:

Material quantity variance occurs when the actual quantity used to achieved a given level of output is greater or less than the standard material allowed.

It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price

An unfavorable materials quantity occurs when the actual quantity used to achieved a given level of output is greater than the standard material allowed.

It is might be an indication of wastage in the usage of materials or inefficiencies.

6 0

3 years ago

A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this?

sashaice [31]

This kind of credit is also known as consumer credit. It is actually the kind of credit that is given to a consumer on purchasing of any goods or getting any kind of service. Some kind of loans, credit card loans can be considered as a kind of consumer credit. This kind of credit is prevalent around the globe.

5 0

2 years ago

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Uestion 5

konstantin123 [22]

Answer:

BROOKLYN LTD

The selling price should be set at Shs. 15,000. At this price, there are more sales in unit and value than at the selling price of Shs. 24,000.

Explanation:

a) Data and Calculations:

Shs. 15,000 Probability Expected Sales

Forecasted Sales Volume 20,000 10% 2,000

Forecasted Sales Volume 30,000 60% 18,000

Forecasted Sales Volume 40,000 30% 12,000

Total Expected sales 32,000

Total Sales Value = Shs. 480,000,000 (Shs. 15,000 x 32,000)

Shs. 24,000 Probability Expected Sales

Forecasted Sales Volume 8,000 10% 800

Forecasted Sales Volume 16,000 30% 4,800

Forecasted Sales Volume 20,000 30% 6,000

Forecasted Sales Volume 24,000 30% 7,200

Total Expected sales 18,800

Total Sales Value = Shs. 451,200,000 (Shs. 24,000 x 18,800)

3 0

2 years ago