Sonic Corporation purchased and installed electronic payment equipment at its drive-in restaurants in San Marcos, TX, at a cost of $27,000. The equipment has an estimated residual value of $1,500. The equipment is expected to process 255.000 payments over its three year useful ite. Per year expected payment transactions are 61,200, year, 140,250, year 2, and 53,550, year 3.
Required:
Complete a depreciation schedule for each of the alternative methous
1. Straight-line.
2 Units-of-production
3. Double declining balance.
Answers
Depreciation Schedule: Straight-line Method:
The straight-line method allocates the cost evenly over the useful life of the equipment.
Cost of equipment: $27,000
Residual value: $1,500
Useful life: 3 years
Annual Depreciation Expense:
Depreciation expense = (Cost - Residual value) / Useful life
Depreciation expense = ($27,000 - $1,500) / 3
Depreciation expense = $8,500 per year
Depreciation Schedule - Straight-line Method:
Year 1: $8,500
Year 2: $8,500
Year 3: $8,500
Units-of-Production Method:
The units-of-production method allocates the cost based on the number of units produced or expected usage.
Total expected units over the useful life: 255,000 payments
Annual Depreciation Expense:
Year 1:
Depreciation expense = (Cost - Residual value) * (Units in the year / Total expected units)
Depreciation expense = ($27,000 - $1,500) * (61,200 / 255,000)
Depreciation expense = $6,264
Year 2:
Depreciation expense = (Cost - Residual value) * (Units in the year / Total expected units)
Depreciation expense = ($27,000 - $1,500) * (140,250 / 255,000)
Depreciation expense = $13,716
Year 3:
Depreciation expense = (Cost - Residual value) * (Units in the year / Total expected units)
Depreciation expense = ($27,000 - $1,500) * (53,550 / 255,000)
Depreciation expense = $5,020
Depreciation Schedule - Units-of-Production Method:
Year 1: $6,264
Year 2: $13,716
Year 3: $5,020
Double Declining Balance Method:
The double declining balance method allocates a higher depreciation expense in the earlier years and reduces it over time.
Cost of equipment: $27,000
Residual value: $1,500
Useful life: 3 years
Annual Depreciation Expense:
Year 1:
Depreciation expense = (Book value at the beginning of the year) * (2 / Useful life)
Depreciation expense = ($27,000 - $1,500) * (2 / 3)
Depreciation expense = $17,000
Year 2:
Depreciation expense = (Book value at the beginning of the year) * (2 / Useful life)
Depreciation expense = ($27,000 - $17,000) * (2 / 3)
Depreciation expense = $6,000
Year 3:
Depreciation expense = (Book value at the beginning of the year) * (2 / Useful life)
Depreciation expense = ($27,000 - $17,000 - $6,000) * (2 / 3)
Depreciation expense = $2,000
Depreciation Schedule - Double Declining Balance Method:
Year 1: $17,000
Year 2: $6,000
Year 3: $2,000
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Related Questions
What section of the economy is the largest employer
Answers
Answer: public schools in the us
Explanation: 6,646,292...
When the right of rescission applies, a borrower can rescind a hard money loan until midnight of the __________ business day after the promissory note is signed.
A. 3rd
B. 5th
C. 7th
D. 10th
Answers
When the right of rescission applies, a borrower can rescind a hard money loan until midnight of the 3rd business day after the promissory note is signed. Therefore option A would be the correct answer.
The Truth in Lending Act (TILA), a federal law in the United States, grants borrowers the right to revoke a home equity loan or home equity line of credit (HELOC) with a new lender within three days of closing, as well as the right to rescission a refinance transaction with a lender other than the current mortgagee. The lender must give up its claim to the property and reimburse all fees within 20 days of exercising the right of revocation, which is provided without any conditions.
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office administration.Prepare for filling in order.
Answers
This (office administration) simply means to arrange the above in alphabetical order like this;
An Apple SpotA1 TaxiDriveByFine Foods LtdFirst Caribbean BankMalcolm Stephens & SonsNorth Eastern Funeral AssociationPortsmouth Police StationSt. John's Primary School21 Century Printers.What is office administration?Within a company, office administration is a collection of day-to-day operations connected to the upkeep of an office building, financial planning, record keeping and billing, personal development, physical distribution, and logistics.
Finally, administrative abilities are connected to corporate operations and enhancing office productivity. Communication and organizational abilities, as well as project management, bookkeeping, and time management skills, are among them.
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Sam's Pizza is considering a new store location. For accounting purposes, fixed operating costs for a store are $245,000 a year, and variable costs are 42 percent of sales. The average pizza sells for $12.50. Compute the annual break-even sales level in number of pizzas for this store location.
Answers
Answer:
33,793 pizzas
Explanation:
The annual break-even sales level for the number of pizzas sold in the location is computed using the break-even sales units formula below:
break-even sales=fixed costs/contribution margin per pizza
fixed costs=$245,000
contribution margin per pizza=selling price-variable cost
selling price=$12.50
variable cost=selling price*42%
variable cost=$12.50*42%
variable cost=$5.25
contribution margin per pizza=$12.50-$5.25 =$7.25
break-even sales=$245,000/$7.25 = 33,793 pizzas
Required: 1. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2018 2. Prepare the journal entries by Tanner-UNF to record interest on December 31, 2018 , at the effective ( market ) rate 3. Prepare any additional journal entry necessary for Tanner -UNF to report its investment in the December 31, 2018, balance sheet. 4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for S190 million. Prepare the journal entry to record the sale.
Answers
Answer:
the first part of the question is missing, so I looked for a similar one:
Tanner-UNF Corporation acquired as a long-term investment $200 million of 7% bonds, dated July 1, on July 1, 2018. The market interest rate (yield) was 9% for bonds of similar risk and maturity. Tanner-UNF paid $160 million for the bonds. The company will receive interest semiannually on June 30 and December 31. Company management is holding the bonds in its trading portfolio. As a result of changing market conditions, the fair value of the bonds at December 31, 2018, was $170 million.
1. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2018 and interest on December 31, 2018, at the effective (market) rate.
July 1, investment in UNF bonds
Dr Investment in bonds HTM 200,000,000
Cr Cash 160,000,000
Cr Discount on bonds 40,000,000
December 31, interest revenue from investment in bonds
Dr Cash 7,000,000
Dr Discount on bonds 200,000
Cr Interest revenue 7,200,000
Discount on bonds = ($160,000,000 x 4.5%) - ($200,000,000 x 3.5%) = $7,200,000 - $7,000,000 = $200,000
2. Prepare any additional journal entry necessary for Tanner-UNF to report its investment in the December 31, 2018, balance sheet.
Investment in bonds HTM = $200,000,000 (face value) - $39,800,000 (discount on bonds) = $160,200,000
Changes in the market value of bonds held to maturity are not considered by the company.
4. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2019, for $310.0 million. Prepare the journal entry to record the sale.
Dr Cash 150,000,000
Dr Dr Discount on bonds 39,800,000
Dr Loss on investment in bonds HTM 10,200,000
Cr Investment in bonds HTM 200,000,000
________ is increasing the pace of both cultural diffusion and cultural change.
Answers
Globalization is increasing the pace, which is of both cultural diffusion and cultural change.
Cultural change tends to occurs when people tend to integrate into their culture the gestures, traditions, material objects, or concepts of another culture which is done mainly through the cultural diffusion. Thus, globalization and technology are increasing by which the pace of cultural is changing around the world.
However, the cultural diffusion tends to describe the spread of one culture's beliefs, practices, and/or items, like food, music, or tools. Thus, it has been witnessed that globalization has its own impact on the cultures around the world.
Hence, globalization changes the way businesses, nations, and the people tend to interact.
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The advertising industry was worth how much money in 1920
Answers
Answer:
nearly 3 billon
Explanation:
Kent works in the public relations department of his company. He sends a news release about a new product offering to several newspapers and television stations. Kent knows from past experience that even when the media use his news releases, they often release the information at inopportune times. They will also sometimes cut out what Kevin believes are the most important points to make the news fit. However, Kent accepts these disadvantages because free publicity offers the advantage of
Answers
Answer:
The answer is "credibility".
Explanation:
In this scenario, free advertising offers a reputation benefit. When this journal advertises openly, it's also considered reliable by the targeted customers like, it is in news form while charging something. Therefore, Kent finds that improper transmission of time information to be a drawback since it recognizes that its product and company would still be credible.
People are known to have different qualities. Kent accepts these disadvantages because free publicity offers the advantage of Credibility.
Credibility is known to be a characteristic of an individual who is said to be noted by others to be a trusted advisor, believable, and confident as they tend to show a high level of expertise in a specific field.A lot of traits are said to be of influential behaviors are known to be linked with with high credibility. Kent acceptance shows that free publicity gives some measure of Credibility.
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Approximately one third of the global fish stock is considered overfished. Which of the following explanations of overfishing is FALSE?
We are fishing up the foodwebs, removing the species at lower trophic levels first.
Given that no nation can lay legal claim to resources in the open ocean, these resources are more susceptible to overuse and degradation
The growing human population requires protein, leading to a greater demand on fisheries
Answers
The statement that is FALSE is "Given that no nation can lay legal claim to resources in the open ocean, these resources are more susceptible to overuse and degradation."
The false explanation is that open ocean resources are more susceptible to overuse and degradation due to the lack of legal claims by nations. In reality, the absence of legal claims does not necessarily make open ocean resources more vulnerable to overfishing. Overfishing can occur in both territorial waters and open ocean areas. The factors contributing to overfishing are not solely dependent on legal ownership but also include factors such as fishing practices, regulations, enforcement, and resource management. Overfishing can occur in territorial waters where nations have legal claims as well as in international waters. Effective fisheries management and sustainable fishing practices are crucial in preventing overfishing regardless of jurisdiction.
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Anil buys a bond in the amount of $2,000 with a promised interest rate of 17 percent. If 15) the market interest rate increases to 27 percent, Anil can sell his bond for up to A) S540.00. B) $11,764.71 C) $7,407.00. D) $1,259.26
Answers
Anil cannot sell his bond for more than its current value of $1,259.26 if the market interest rate increases to 27 percent. Thus, option d is correct.
Total amount = $2,000
Interest rate = 17 percent = 0.17
Increased Interest rate = 27 percent = 0.27
Assuming that bond maturity (n) = 15 years
Annual interest payment = Total amount * Interest rate
Annual interest payment = $2,000 x 0.17 = $340
We need to find the present value of the bond at the interest rate of 17%
PV = (Annual interest payment / Current interest rate) x (1 - 1 / (1 + Current interest rate)^n) + Face value / (1 + Current interest rate)^n
PV = \(($340 / 0.17) x (1 - 1 / (1 + 0.17)^15) + $2,000 / (1 + 0.17)^15\)
PV = ($1600) x (0) + $220
PV = $1,820.53
Anil's bond is currently worth $1,820.53 at a 17% interest rate.
We need to find the present value of the bond at the interest rate of 27%
PV =\(($340 / 0.27) x (1 - 1 / (1 + 0.27)^15) + $2,000 / (1 + 0.27)^15\)
PV = $1,320.05
Anil will get up to $1,320.05 on his new bond.
To calculate the difference in amount,
change in price = (New price - Current price) / Current price
Percentage change in price = \(($1,320.05 - $1,820.53) / $1,820.53 x 100%\)
Percentage change in price = -27.5%
The percentage change in price is negative, Anil cannot sell his bond for more than its current value of $1,259.26.
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Lily runs a painting business. She has two experienced interior painters. One painter can paint a 300-square-foot room in 200 minutes. The other worker can paint a 300-square-foot room in 300 minutes.
If the painters work together, they can paint a 300-square-foot room in
minutes
Answers
If the two painters work together, they can paint a 300-square-foot room in 120 minutes (or 2 hours).
To solve this problem, we can use the formula: Time = Work ÷ Rate
where "Work" is the amount of painting needed to be done (in this case, 300 square feet), and "Rate" is the rate at which each painter can complete the job (in terms of square feet per minute).
Let's find the individual rates of each painter first:
Painter 1: Rate = Work / Time = 300 sq ft / 200 min = 1.5 sq ft/min
Painter 2: Rate = Work / Time = 300 sq ft / 300 min = 1 sq ft/min
To find the combined rate of both painters working together, we can add their individual rates:
Combined rate = 1.5 sq ft/min + 1 sq ft/min = 2.5 sq ft/min
Finally, we can use the formula again to find the time it takes for both painters to complete the job:
Time = Work ÷ Rate = 300 sq ft ÷ 2.5 sq ft/min = 120 minutes
Therefore, if the two painters work together, they can paint a 300-square-foot room in 120 minutes (or 2 hours).
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Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Answers
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Answers
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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Explain how an investor makes money by investing in bonds
Answers
Answer:
Financial investors earn money through the purchase of bonds, be these public (of countries or states) or private (that is, of companies) through speculation regarding the rise or fall of their value with respect to the purchase value, as well as with the interest that these bonds accrue periodically.
Thus, if the bond rises in value due to a good economic performance by the issuer, investors can sell it and make a profit, or even buy bonds at times of low values, expecting increases.
A restaurant worker earns a set amount per hour from their employer. They also receive tips from customers. Their earnings most closely resemble those of which of the following? a. An employee working on straight commission b. An employee working on commission plus salary c. An employee working on a piece-rate basis d. An employee working on a fixed salary.
Answers
In this case, the restaurant worker's earnings closely resemble that of an employee working on commission plus salary.
Basically, a commission earnings means an additional payment that is accrued during the course of work and are paid in addition to a base salary.
Hence, the restaurant worker's earnings closely resemble that of an employee working on commission plus salary.
Therefore, the Option B is correct
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Fill in the blank: a business firm should blank ____ its markets so it can respond more effectively to the needs of its potential buyers, which should result in increased sales and profits.
Answers
A business firm should segment its markets so it can respond more effectively to the needs of its potential buyers, which should result in increased sales and profits.
Market segmentation is the process of dividing a large and heterogeneous market into smaller and more homogeneous groups of customers who have similar needs, characteristics, or behaviors. This allows companies to create targeted marketing strategies and tailor their products or services to meet the specific needs and preferences of each segment. Market segmentation can be based on a variety of factors, such as demographics, psychographics, geographic location, behavior, or product usage.Learn more about market segmentation: https://brainly.com/question/15357678
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Objectives of Promotion
Answers
Answer:
Promotion refers to any type of marketing communication used to inform or persuade target audiences of the relative merits of a product, service, brand or issue. The aim of promotion is to increase awareness, create interest, generate sales or create brand loyalty.
Hope this helped you!
Explanation:
Which "class" of fires consists of flammable liquids including stove alcohol, gasoline and diesel?.
Answers
The class of fires that includes those caused by flammable liquids such as alcohol and diesel is Class B fires.
What are class B fires?These are those fires that are caused by combustible liquids that are capable to spreading fire quickly.
The liquids include alcohol, gasoline, and diesel. Such fires and recommended to be best put out by smothering the flames.
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Pong Incorporated's segmented income statement for the most recent month is given below.
Total Store A Store B
Sales $166,300 $69,000 $97,300
Variable expenses $61,779 $29,670 $32,109
Contribution margin $104,521 $39,330 $65,191
Traceable fixed expenses $69,300 $15,800 $53,500
Segment margin $35,221 $23,530 $11,691
Common fixed expenses $17,900
Net operating income $17,321
If Store B sales increase by $44,100 with no change in fixed expenses, the overall company net operating income should:
A. increase by $4,410
B. increase by $29,547
C. increase by $8,820
D. increase by $29,547
Answers
B. increase by $29,547.
The $44,100 increase in Store B sales will directly contribute to the segment margin, and since there are no changes in fixed expenses, the entire increase will flow through to the overall company net operating income.
To determine the overall company net operating income after an increase in Store B sales, we need to analyze the impact on the segment margin and the common fixed expenses.
Given that Store B has a segment margin of $11,691 and there is no change in fixed expenses, the entire increase in sales will contribute to the segment margin. Therefore, the segment margin for Store B will increase by the full amount of the sales increase, which is $44,100.
To find the impact on the overall company net operating income, we need to consider the common fixed expenses. The common fixed expenses of $17,900 are not directly traceable to any specific segment but are incurred by the overall company.
Since the entire increase in Store B sales will contribute to the segment margin, the overall company net operating income will increase by the same amount.
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How much of the market did Vanderbilt control?
Answers
Since Vanderbilt started to issue shares to take over the company, a Us stock market has already been experiencing a trading frenzy.
How can you predict the future value of a stock?From of the current market prices, we are interested in knowing whether a stock will increase or decrease. Stock's fair price is the most accurate predictor of this. Stocks have a good chance of increasing in value in the future when their fair price is lower than their current price.
Why are stocks declining in value?The worldwide markets have recently fared nicely, but our markets have lagged behind our global peers since they have not experienced this trend. The selling by FIIs, who liquidated stocks in both the cash and index futures segments, has been the primary cause of the underperformance.
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Question 2
If Langston chooses to attend the small college in his town, what should be considered part of the
opportunity cost of this decision? Select all that apply.
the bachelor's degree in logistics he would earn after four years
the $4,000 housing fee for each year he attends the large university
the extensive national network of successful alumni from the large university
the valuable independent living skills he would learn by living away from home
the time and expense of traveling to and from his hometown during holiday
breaks
C
A
B
C
D
E
T
Answers
If Langston chooses to attend the small college in his town, the opportunity cost would be:
the extensive national network of successful alumni from the large universitythe valuable independent living skills he would learn by living away from homeWhat is meant by opportunity cost?The phrase "opportunity cost" in economics refers to the advantages lost while selecting one alternative over another.
The word "opportunity cost" describes what you have to forgo in terms of other products or services in order to get what you desire. Typically, opportunity cost is what economists mean when they use the word "cost." In conversation or the news, the word "cost" is frequently employed.
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Francois deposits $350.00 in a savings account. The account pays an annual interest rate of 4.3%. He makes no other deposits or withdrawals. After 3 months, the interest is calculated. How much simple interest did his money earn?
Answers
Answer:
$3.7625
Explanation:
Simple interest is calculated as
Interest = P x r x t
Where
p = principal amount.. $350
r= interest rate: 4.3% or 0.043
t= time in years: 3 months or 3/12 =0.25 years
Interest = $350 x 0.043 x 0.25
=$3.7625
How do you calculate the profit margin for a business?
Answers
Answer:
by dividing your net income by your revenue (net sales)
then multiply your answer by 100
(ni/r)×100
The formula for calculating profit margin is:
( Total Revenue - Total Expenses ) / Total Revenue.
AP 8-15 (Comprehensive Case Covering Chapters 1 to 8) Mr. Arnold Bosch is 41 years old and earns most of his income through carrying on a business as a sole proprietor, Bosch's Better Boats (BBB). For the taxation year ending December 31, 2021, Mr. Bosch's accountant has determined that BBB had accounting income before taxes, determined in accordance with Accounting Standards for Private Enterprises (ASPE), of $196,000. In reconciling his business income for income tax purposes, the following information is relevant: 1. The accounting income figure included a deduction for amortization of $29,000. 2. On January 1, 2020, BBB had the following UCC balances: Class 1 (building acquired in 2006) $275,000 Class 8 83,000 Class 10 28,000 On March 1, 2021, a class 8 property with a capital cost of $46,000 was sold for $28,500. On March 15, 2021, the property that had been sold was replaced with another class 8 property with a capital cost of $63,250. 3. During 2021, BBB spent $30,000 landscaping the grounds around its building. This amount was treated as an asset for accounting purposes and is being amortized over 10 years on a straight-line basis. The amortization is included in the $29,000 amortization figure in Part 1 of this problem. 4. BBB's 2021 accounting income included a deduction for meals and entertainment of $27,600. 5. BBB's 2021 accounting income included a deduction for charitable donations of $5,500, as well as a deduction for donations to federal political parties of $700. 6. For accounting purposes, BBB treats estimated warranty costs as an expense with an offset- ting credit to a liability account. On January 1, 2021, the liability balance for warranties was $22,000. On December 31, 2021, the liability balance was $17,500. Based on the level of income earned by BBB, Mr. Bosch is required to make CPP contributions of $5,796 [(2)($2,898)]. He does not choose to make El contributions. Mr. Bosch has a common-law partner, Mr. Fritz Mann. Three years ago, Mr. Bosch and his partner adopted two orphans. Chris, age 9, has a severe and prolonged disability that qualifies him for the disability tax credit. Martin, age 12, is in good health. Neither Chris nor Martin have any income. Because Mr. Mann provides full-time care for the children, he has no income. The family's 2021 medical expenses, all paid for by Mr. Bosch, are as follows: Mr. Bosch Mr. Mann Chris (no attendant care) Martin Total medical expenses $ 2,050 1,080 16,470 1,645 $21,245 During 2021, Mr. Bosch sold a piece of vacant land for $85,000. He received a payment of $35,000 during 2021, with the $50,000 balance due in five equal instalments of $10,000 in the years 2022 through 2026. The ACB of this land was $33,000. Mr. Bosch owns a rural cottage that he purchased at a property auction in 2013 at a cost of $25,000, with $5,000 for the appraised value for the land and $20,000 for the cottage. On June 30, 2021, the property was appraised at $375,000, with $100,000 for the land and $275,000 for the cottage. Although Mr. Bosch and Mr. Mann used to spend a great deal of time in the summer at the cottage, since the adoptions the family has made little use of this property. As a result, Mr. Bosch decides to begin renting it out as of July 1, 2021. During the period July 1, 2021, through December 31, 2021, rents collected on the cottage totalled $12,000. Expenses other than CCA during this period totalled $3,200. For 2021, Mr. Bosch intends to claim maximum CCA on the property. Mr. Bosch purchased his city home in 2016. Prior to that, he and Mr. Mann lived in a rented apartment. As the city home has experienced a greater increase in value than the cottage during the last six years, Mr. Bosch will designate the city home as his principal residence for the years 2016 through 2021. Over the years, Mr. Bosch has made several purchases of the common shares of Low Tech Ltd., a widely held public company. In 2019 he bought 150 shares at $55 per share. In 2020, he bought an additional 125 shares at $75 per share. In February 2021 he bought an additional 300 shares at $95 per share. On November 11, 2021, after the company announced that most of its product claims had been falsified, Mr. Bosch sold 275 shares at $5 per share. No dividends were paid on the shares in 2021. Required: Calculate Mr. Bosch's minimum net income and taxable income for 2021, and his minimum 2021 federal income tax owing, including any CPP contributions payable. Ignore provincial income taxes, any instalment payments he may have made during the year, and GST/ HST & PST considerations.
Answers
CPP contributions are not included in the federal income tax payable calculation as they are a separate payroll deduction.
Calculation of Mr. Bosch's Minimum Federal Income Tax Payable for 2021:
1. Calculate Federal Tax on First Bracket (15% on first $49,020) = $7,353
2. Calculate Federal Tax on Second Bracket (20.5% on next $49,020) = $10,058
3. Calculate Federal Tax on Third Bracket (26% on next $53,939) = $14,025
4. Calculate Federal Tax on Fourth Bracket (29% on any amount over $152,979) = $2,187
5. Total Minimum Federal Income Tax Payable = $33,623 ($7,353 + $10,058 + $14,025 + $2,187)
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What are some reasons for studying economics? choose three answers. economics has an impact on everyday life. economics helps people learn to manage resources. economics describes the reasons products are scarce. economics explains the roles of producers and consumers. economics shows how people work together to make money.
Answers
Some of the reasons why the study of economics is important is because:
It has an impact on everyday life. It makes people learn to manage resources. It explains the roles of producers and consumers.What is economics?This is the study into the transfer of wealth and the scarce resources that are used in the every day production of goods and services.
It teaches how to manage the scarce resources effectively for maximized profit.
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Answer:
A, B, D
Explanation:
An increase in the interest rate by the Federal Reserve will affect only real interest rates because: inflation is sticky in the short run. O of the quantity theory of money. O prices are flexible in the short and long runs. o we are in the long run. O contracts apply only in the very short run.
Answers
An increase in the interest rate by the Federal Reserve will affect both nominal and real interest rates. However, the impact on real interest rates may be more significant in the short run because inflation is typically sticky in the short run.
This means that it takes time for changes in interest rates to affect the overall price level, and in the short run, prices may not adjust as quickly as interest rates do. In the long run, however, prices tend to be more flexible and responsive to changes in interest rates. Overall, the Federal Reserve's decision to increase interest rates can have far-reaching effects on the economy, including influencing borrowing and lending behavior, investment decisions, and overall economic growth.
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consider the following four-step assembly operation with quality problems: the first resource has a processing time of 5 minutes per unit and one employee doing the operation. the second resource has a processing time of 4 minutes per unit. it also has one employee doing the operation. however, this is a very delicate task and 80% of all products have to be scrapped after this step. two workers are staffed for the third resource. no quality problems occur at this resource and the processing time is 20 minutes per unit. at the fourth and final resource, one operator handles the product. no quality problems exist at this step and the processing time is 12 minutes per unit. for every unit of demand, how many units have to flow through the second step in the process?
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In this four-step assembly operation, the second step has a high scrap rate of 80%. To calculate the number of units that need to flow through the second step for every unit of demand, we need to take into account the scrapping rate.
For every unit of demand, 1.25 units have to flow through the second step in the process. This is because 80% of all products have to be scrapped after the second step, which means only 20% of the original units processed at that step will continue on to the third step.
Therefore, for every 1 unit that enters the second step, only 0.2 units will exit and continue to the third step (1 x 0.2 = 0.2 units). To have 1 unit exit the third step, we need 5 units to enter (1 unit x 0.2 x 5 = 1 unit). So for every 5 units that enter the first step,
we will have 1 unit exit the fourth step and therefore we need 1.25 units to flow through the second step
(5 units x 0.2 x 1 unit = 1 unit; 5 units + 1 unit = 6 units; 6 units ÷ 4 steps = 1.5 units per step; 1.5 units x 0.8 = 1.2 units
that will be scrapped at the second step; 1.5 units - 1.2 units = 0.3 units that will continue on to the third step; 0.3 units ÷ 0.2 = 1.5 units that need to enter the second step).
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The last stage in sales is
Conviction
Action
Desire
Interest
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Answer:
action
Explanation:
which of the follwoing would not be considered an example of foreign direct investment? A) cross-border purchase of a textile plantB) cross-border purchase of stocksC) purchase of capital assets of a foreign companyD) purchase of foreign land for business operations
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B) Cross-border purchase of stocks would not be considered an example of foreign direct investment. Foreign direct investment (FDI) refers to a company or individual investing in and managing operations in a foreign country.
The purchase of stocks does not involve managing operations, as it is simply an investment in the ownership of a company. While a cross-border purchase of stocks is still an investment in a foreign country, it does not meet the definition of FDI.On the other hand, A) cross-border purchase of a textile plant, C) purchase of capital assets of a foreign company, and D) purchase of foreign land for business operations are all examples of foreign direct investment. These involve investing in and managing operations in a foreign country, which is the essence of FDI. Such investments can have significant economic impacts on both the host country and the investing country, including job creation, increased production, and improved technology transfer.
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a country has output of $900 billion, consumption of $600 billion, government expenditures of $150 billion and investment of $120 billion. what is its supply of loanable funds?
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It has $150 billion in loanable cash available. The government's Expenditure Budget emphasizes the distribution of monies to several ministries for release,
What types of expenses are there?
Spending - This refers to the overall cost of a good or service. For instance, a business might invest $10 million in a piece of machinery with a 5-year estimated lifespan. This would count as a $10 million capital investment.
What do accounting expenditures mean?
A payment or the creation of a liability in return for goods or services is referred to as an expenditure. A sales receipt or an invoice is proof of the paperwork that was prompted by an expense. To prevent losses, businesses typically maintain strict controls over their spending.
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