A firm has a general-purpose machine, which has a book value of $400,000 and can be sold for $600,000 in the market. If the tax rate is 30%, what is the opportunity cost of using the machine in a project considering the tax issues

Answers

Answer 1

Answer:

$540,000

Explanation:

Calculation for the opportunity cost of using the machine in a project considering the tax issues

First step is to calculate the Tax on sale

Using this formula

Tax on sale = (Sale Value - Book Value) * Tax rate

Let plug in the formula

Tax on sale= ($600,000 - $400,000) * 30%

Tax on sale= $60,000

Now let calculate After tax sale value using this formula

After tax sale value = Sale Value - Tax on sale

Let plug in the formula

After tax sale value= $600,000 - $60,000

After tax sale value= $540,000

Therefore the Opportunity cost of using the machine in project considering the tax issues is $540,000


Related Questions

Write the equation for each line that passes through (1, 2) and has a) Slope 2/3​

Answers

2x-3y=-4 is the equation for the line that passes through (1,2) with a slope of 2/3.

What is an equation?

The definition of equations in algebra is a quantitative statement that demonstrates the equality of two mathematical expressions. For instance, the equation 3x + 5 = 14 consists of the two equations 3x + 5 and 14, which are separated by the 'equal' sign. A mathematical statement made up of an equal sign across two algebraic expressions with the same value is known as an equation. One or more variables are present in even the simplest and most frequent algebraic equations in mathematics.

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Define Entrepreneurial Finance (EF), mention and differentiate different forms of EF based on investment strategies.

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The financial decisiοns and actiοns that entrepreneurs take when launching οr managing a firm are referred tο as entrepreneurial finance (EF). This cοvers everything frοm οbtaining startup financing and cοntrοlling financial flοw tο selecting investments and fοrmulating develοpment plans.

What are the seven principles οf entrepreneurial finance?

Cash flοw management, incremental risk and reward, time value οf mοney, incremental cash flοws, the οppοrtunity cοst οf capital, risk management, cοntingency planning, and cοntingency planning are essential fοr successful entrepreneurial finance.

What are the stages in entrepreneurial finance?

The entrepreneur raises mοney tο develοp an idea, hire key persοnnel, and cοnduct market research. At the early stage, the entrepreneur has a business plan and prοtοtype οr prοοf οf cοncept. At the grοwth stage, funds are raised tο scale the business, expand intο new markets, and hire additiοnal persοnnel. At the mezzanine stage, the business is preparing fοr an IPO οr acquisitiοn. At the exit stage, the funds are used tο reward investοrs and entrepreneurs.

Based οn the investment tactics used, there are many types οf entrepreneurial finance. Here are the tοp three. Bοοtstrap Financing is a self-funded fοrm οf entrepreneurial finance where entrepreneurs use their οwn savings, persοnal credit cards, and/οr small lοans frοm friends and family tο get their business οff the grοund.

Angel Investing is a high-net wοrth individual whο prοvides funding tο early-stage startups in exchange fοr equity οwnership. Venture Capital is a type οf financing that is best suited fοr startups that have prοven their prοduct οr service and are ready tο scale up.

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How would you pay taxes on a unearned income?

Answers

Lie about paying taxes.

Hope this helped!
In some cases, unearned income is taxed at a lower rate than earned income. For example, tax on long-term capital gains is zero for those who earn below $39,375 and 15 percent if you earn between $39,376 and $434,550. Income tax rates start at 10 percent and can be as high as 37 percent.

Problems that may occur in a business due to lack of bureaucracy

Answers

Answer:

Bureaucracy helps to form a rigid organisation.

Explanation:

Any corporation needs formal as well as informal work groups in the organisation for a corporation to achieve its targets it will need the presence of a bureaucratic approach.

bureaucracy in the organisation is to increase the level of formality,

better communication among the colleagues

as well as increase overall productivity.

Since indirect cost cannot be conveniently or economically traced directly to a cost pool or cost object, the management accountant will:

Answers

Since the indirect cost cannot be conveniently or economically traced directly to a cost pool or cost object, the management accountant will assign them by means of cost allocation.

What is the indirect cost?

The cost that is not directly related to the manufacturing process but plays a significant role in business is referred to as an indirect cost. It includes rent, salaries, office expenses, administration expenses, stationery, and so on.

The distribution of a single expense among numerous organizations, departments, or cost centers is known as cost allocation. It facilitates decision-making, waste reduction, and product pricing for businesses.

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13) Consider the following information for a particular economy. Total population = 60 million Number of employed 30 million Total labour force = 40 million Natural rate of unemployment = 12% a) Find the total unemployment rate b) Calculate the cyclical unemployment rate​

Answers

Answer:

Explanation:

a) Find the total unemployment rate

Total labour force = 40 million

Number of employed = 30 million

Number of unemployed = 40 - 30 = 10 million

Unemployment rate = (unemployed / Labour force) × 100

Unemployment rate = (10 million / 40 million) × 100 = 25%

b) Calculate the cyclical unemployment rate​

Cyclical unemployment rate = Unemployment rate - natural rate of unemployment

Unemployment rate = 25%

Natural rate of unemployment = 12%

Cyclical unemployment rate = 25 - 12 = 13%

The Montgomerys borrowed $107,000 at 7.50% for 30 years to purchase a house. Find the total interest the Montomerys will pay if they pay the loan on schedule. Click the icon to view the monthly payment of principal and interest table. OA. $162,254.80 OB. $149, 158.00 OC. $177,662.80 OD. $168,803.20​

Answers

The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.

To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.

First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:

Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)

Where:

P = Principal amount borrowed = $107,000

r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%

n = Total number of payments = 30 years * 12 months/year = 360 months

Plugging in the values, we have:

Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)

             ≈ $750.20

The monthly payment of principal and interest is approximately $750.20.

To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:

Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed

                 = ($750.20 * 360) - $107,000

                 ≈ $270,072 - $107,000

                 ≈ $163,072

Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.

None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.

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Advantages and disadvantages of transport sector

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Road transportation has various benefits, including lower costs, shorter travel times, more adaptable load capacities, improved fuel economy, and environmental friendliness. On the other side, there are drawbacks as well, like traffic jams and safety worries.

What is a transport sector?A group of businesses together referred to as the transportation industry build and maintain infrastructure for transportation as well as services to move people and products. According to the Global Industry Classification Standard, technically, transportation is a subgroup of the industrials sector (GICS). The deliberate transfer of people, animals, and objects from one location to another is known as transport or transportation. In addition to land and water, cable, pipeline, and space are also modes of transportation. Infrastructure, transportation, and operations make up this field. Transportation industries include businesses engaged in trucking, rail, water, and other modes of commercial transportation for hire.The impact of transportation on employment and growth is significant in the economy and society of today.

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Complete the sentence about the most important parts of an email. Before sending an email, you must include the email addresses of one or more recipients in the address box and mention the topic of the mail in the box

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Before sending an email, you must include the subject line of the email addresses of one or more recipients in the address box and mention the topic of the mail in the box.

Email, often known as electronic mail, is the process by which one user sends one or more recipients computer-stored communications through the internet. Emails are a convenient, quick, and affordable means of communication for both personal and professional purposes. If a user has an internet connection, which is normally provided by an internet service provider, they can send emails from any location.

Email can be sent and received between many computer networks, most notably the internet, but it can also be sent and received through both public and private networks, such as a local area network. Both lists of persons and single recipients can receive emails. Using an email reflector, one can control a common distribution list. In order to subscribe to some mailing lists, users must submit a request to the mailing list administrator.

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Which of the following is NOT a disadvantage of personal interviews?

Answers

Answer:

Where are the options to this question

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:
Acquired $32,000 cash from the issue of common stock.
Borrowed $38,000 cash from National Bank.
Earned cash revenues of $50,000 for performing services.
Paid cash expenses of $46,000.
Paid a $1,200 cash dividend to the stockholders.
Acquired an additional $22,000 cash from the issue of common stock.
Paid $10,000 cash to reduce the principal balance of the bank note.
Paid $55,000 cash to purchase land.
Determined that the market value of the land is $77,000.

Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet.

Answers

The percentage of assets that were provided by investors, creditors, and earnings is $84,800.

What is investors?

An investor is any individual or other entity such as a business or mutual fund who invests money with the hope of making a profit.

A technique for company improvement called the Investors in People Standard aims to boost an organization's performance through its workforce. The management and growth of an organization's workforce aids in performance improvement and the achievement of goals.

Calculation-

Balance sheet

assets = liability + stockholder's earning,

Cash+land = notable payable+common stock+retained earning

$29800+$55000=$28000+$54000+$2800.

$84800=$84800

Income statement

Revenue-expenses =net income

$50000-$46000=$4000

Thus, it is $84,800.

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The working note and solution is attached-

Maben Company was started on January 1, Year 1, and experienced the following events during its first

The Reverend Petros receives an annual salary of 51,000 as full-time minister this includes 5000 designated as a rental allowance River and Pedro is not exempt from employment tax how much must he include figuring that income for self-employed tax

Answers

If the Reverend Petros receives an annual salary of 51,000 as full-time minister that includes 5000 designated as a rental allowance. The amount that must be include figuring that income for self-employed tax is : $51,000.

What is annual salary?

Annual salary can be defined as the amount a person earn as salary per year.

On the other hand self employed tax can be defined as the tax a  person that is solely working for his/her self  without working for any other person remit to the government.

Therefore the amount that must be include figuring that income for self-employed tax is  the amount of $51,000.

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Why are credit card companies more willing to offer a young person a secured credit card than an unsecured card?

Answers

Answer: I work at a bank and we offer young person a secured card than unsecured card because people tend to steal a young persons card more than a middle aged man or woman, because people think it is just more effortless I guess.

Explanation:

On January 1, 2020, Holiday Inc. offered a stock option incentive plan to a top executive. The plan provided the executive 300 stock options for Holiday Inc. $1 par value, common stock at an option price of $15 per share through the expiration date of January 1, 2026. The fair value of the options based upon an option-pricing model on January 1, 2020, is $12,000. The market price at year-end of Holiday Inc. stock is $15 per share on January 1, 2020, and $18 on December 31, 2020. The requisite service period is 3 years. The options were not exercised. Which of the following are true regarding the entry on January 1, 2026?
A.
No journal entry required
B.
Paid-in Capital—Stock Options would be credited for $9000
C.
Paid-in Capital—Stock Options would be credited for $12,000
D.
Paid-in Capital—Stock Expired would be credited for $12,000

Answers

Answer: The answer is Option D, paid-in Capital—Stock Expired would be credited for $12,000.

Explanation: Option D is Right, i.e. Stock option expired would be credited for $12,000. Whenever a share option is expired then it is requiring to make a journal entry to relabel the equity as expired stock options for the balance sheet purposes. This helps managers and investors understand that they won’t be issuing stock to the employee at a discounted price in the future. For this purpose, it is requiring to make entry that debit the stock option equity account and credit the expired stock option equity account.

For insight into a government agency's understanding of the laws it administers, one should consult:

Answers

Answer:

The agency's interpretive rules.

Explanation:

An interpretive rule can be defined as a document issued by an agency so as to help expound or clarify existing administrative laws, regulations and statutes in the public domain.

Basically, an interpretive rule is not required to meet the minimum requirements or criteria specified by the Administrative Procedure Act (APA). Also, an interpretive rule is not considered as a force of law because it is not binding on the general public.

Hence, for insight into a government agency's understanding of the laws it administers, one should consult the agency's interpretive rules for an explanation on the law and regulations it promulgated,

FILL IN THE BLANK While news stories occasionally report on a high-income person who has managed to pay very little in taxes, such individual cases are rare. According to the Congressional Budget Office, the typical pattern in the U.S. is that people with higher incomes pay ________________________.

Answers

Answer:

a higher average share of their income in federal income taxes

Explanation:

The average federal income tax payment for Americans is higher for those with higher earnings than for those with lower incomes, as per the Congressional Budget Office.

What is Congressional Budget Office?

The Congressional Budget Office (CBO) is a federal organization that reports on the economy and the budget to Congress. It is a part of the legislative branch of the US government.

The Congressional Budget and Impoundment Control Act of 1974 established the CBO as a nonpartisan organization. It was inspired by California's Legislative Analyst's Office, which oversees the state budget in a purely nonpartisan manner.

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Suppose a natural monopoly is regulated such that the price charged must be equal to the marginal cost of providing the good. This type of regulation is called ________ regulation.

Answers

Answer:

Price

Explanation:

The marginal cost pricing rule refers to the price rule for the natural monopoly that fixed the price and the same should be equivalent to the marginal cost. Also, it give sufficient output in order to meet out the overall market demand at the time when the average total cost is less as compared to two or more firms

So, it is a price regulation

An employee works 52 hours (52 - 40 were overtime hours) during a workweek in December of 2021. He earns $11,000/month, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $144,200 during the year. He has requested that his employer withhold 8% of gross pay, which is to be contributed to a 401(k) plan.

Answers

The employee's gross pay for the workweek in December 2021 would be $15,950, and the net pay after the 8% 401(k) contribution would be $14,674.

To calculate the employee's gross pay for the workweek in December 2021, we need to determine the regular pay and the overtime pay separately.

Given; Regular rate of pay = $11,000/month

Overtime hours worked = 52 - 40 = 12 hours

Overtime pay rate = 1.5 times the regular rate of pay

The regular pay for 40 hours (assuming the employee worked the regular 40 hours in the workweek) would be;

40 hours x $11,000/month ÷ 4 weeks = $11,000

The overtime pay for 12 hours (the overtime hours worked) would be;

12 hours x 1.5 x $11,000/month ÷ 4 weeks = $4,950

The total gross pay for the workweek would be the sum of regular pay and overtime pay;

$11,000 + $4,950 = $15,950

The employee has requested that 8% of the gross pay be withheld for the 401(k) plan;

8% x $15,950 = $1,276

The net pay for the workweek would be the gross pay minus the 401(k) contribution;

$15,950 - $1,276 = $14,674

Therefore, $14,674 is to be contributed to a 401(k) plan.

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ILL GIVE BRAINLIEST!! HELP ASAP!!


Type the correct answer in the box. Spell all words correctly.

Which source of funds refers to the money raised by corporations through stock markets?

_______ refers to the money raised by corporations through stock markets?

Answers

Answer:

Equity Capital or equity funding refers to the money raised by corporations through stock markets

Explanation:

Answer: Capital Market

Explanation: plato

SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION

Answers

An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.

Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.

Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.

This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions

5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:

The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:

The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.

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why you applied for this job and why you should be hired

Answers

because you are a fast learner great listener open minded kind nice respectful

What does a decrease in federal government purchases do to the neo-keynesian model used in class?.

Answers

Keynesians believe that due to the fact expenses are extremely inflexible, fluctuations in any component of spending—consumption, funding, or government fees—purpose output to exchange.

If government spending will increase, for an instance, and all different spending additives continue to be consistent, then the output will grow.

It blanketed tax cuts/credit and unemployment benefits for families; it also earmarked expenses for healthcare, infrastructure, and education. those stimulus measures and federal interventions helped America's economy get better, preventing the splendid Recession from turning into any other complete-blown depression.

He argued that uncertainty prompted people and agencies to stop spending and making an investment, and government have to step in and spend cash to get the financial system lower back on course.

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Bob Jensen Inc. purchased a $650,000 machine to manufacture specialty taps for electrical equipment. Jensen expects to sell all it can manufacture in the next 10 years. To encourage capital investments, the government has exempted taxes on profits from new investments. This legislation is to be in effect for the foreseeable future. The machine is expected to have a 10-year useful life with no salvage value. Jensen uses straight-line depreciation. Jensen uses a 10% discount rate in evaluating capital investments, the investment is subject to taxes, and the projected pretax operating cash inflows are as follows:

Data
Purchase price of machine $650,000
Expected useful life in years 10
Expected net cash inflow per year $150,000
Discount rate 12%

Required:
Compute the payback period, under the assumption that cash inflows occur evenly throughout the year.

Answers

Answer:

?????????????????????

Explanation:

Company Dept. A Dept B. Predetermined overhead rate per direct labor hour $2.10 $2.40 $1.80 Direct labor hours hours worked on Job ABC 30 17 13 Based on this information, the overhead applied to Job ABC using multiple predetermined overhead rates is ______.

Answers

Answer:

Total applied overhead= $64.2

Explanation:

Giving the following information:

Dept. A Dept B.

Predetermined overhead rate per direct labor hour $2.40 $1.80

Job ABC:

Direct labor hours Dept A= 17

Direct labor hours Dept B= 13

We need to use the departmental predetermined overhead rates.

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Dept A= 2.4*17= $40.8

Dept B= 1.8*13= $23.4

Total applied overhead= $64.2

Consider the following national data: tax revenues as a percentage of GDP: 30 percent; government spending as a percentage of GDP: 31 percent; unemployment rate: 4 percent; inflation rate: 5 percent. What is the misery index for this nation

Answers

The misery index for the country given the national data is 9%.

What is the misery index?

The misery index is the sum of the current unemployment rate and the current inflation rate. In the United States, the current misery index is 11.67%.

Misery index = unemployment rate + inflation rate

4% + 5% = 9%

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Each wholesale bag of flour is sold in 25kg bags. Using this information, calculate a new column of data of that works out how many kilograms in total were sold as retail i.e. visitor sales. in the excel sheet give me whole sale 33 and visitor 120 person also 3 type of flour white 602 Rye 207 Gluten free 204 what is the answer how I calculate the retail kg?

Answers

Answer:

I know the answer

Explanation:

You make entries to the mileage expense account. A saleswoman drives to a town 150 miles north and 110 miles east. She goes there on a straight highway that leads directly there, heading diagonally northeast. You reimburse mileage at $0.50 per mile. How much should you reimburse her?

Answers

It is to be note that the saleswoman should be reimbursed for a total of $92.68.

What is the calculation explaining the above answer?


The total distance traveled by the saleswoman is the hypotenuse of a right triangle, where the legs represent the distance traveled north and east. We can use the Pythagorean theorem to calculate the hypotenuse as follows:

Distance traveled north = 150 miles

Distance traveled east = 110 miles

Total distance = √(150² + 110²)

≈ 185.35 miles

Therefore, the saleswoman should be reimbursed for a total of $92.68 (185.35 miles x $0.50 per mile).


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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 145 Units in beginning inventory 0 Units produced 2,440 Units sold 2,280 Units in ending inventory 160 Variable costs per unit: Direct materials $ 49 Direct labor $ 17 Variable manufacturing overhead $ 17 Variable selling and administrative expense $ 10 Fixed costs: Fixed manufacturing overhead $ 85,400 Fixed selling and administrative expense $ 22,800 The total gross margin for the month under absorption costing is:

Answers

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the unitary fixed manufacturing overhead:

Unitary fixed overhead= 85,400/2,440= $35

Absorption costing income statement:

Sales= 2,280*145= 330,600

COGS= 2,280* (49 + 17 + 17 + 35)= (269,040)

Gross profit= 61,560

Total selling and administrative= 22,800 + (2,280*10)= (45,600)

Net income= 15,960

What was Joy’s first invention? What did she wish her parents had done with it originally to make it successful?

Answers

The first invention that Joy had to her name was a dog collar.

Her wish was that her parents had patented the collar and gotten a lawyer to make it successful.

Who is Joy Mangano?

Joy Mangano is an inventor that has many patents to her name. Her first invention was a type of dog collar which had a quick release.

For it to have been successful, she wishes that her parents her got a lawyer and patented her design so that they would have produced the collar and profited from it.

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jonathan has an outgoing personality. he enjoys making home repairs and watching TV shows about house flipping. jonathan has a degree in business, but he likes the customer service side of business more than the finance component. which of the following careers would be most suitable for jonathan?

Answers

The most suitable career for Jonathan would be a real estate broker.

Why would a real estate broker be suitable for Jonathan?

Jonathan's outgoing personality and interest in home repairs align well with a career in real estate. As a real estate broker, he would have the opportunity to work closely with clients, providing customer service and helping them navigate the process of buying and selling properties.

His passion for watching TV shows about house flipping indicates a strong interest in the real estate market which would be beneficial in this role. Additionally, his degree in business would provide a solid foundation for understanding the business aspects of real estate transactions.

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Suppose your firm was about to set up a subsidiary in Thailand. What factors would be important in determining the type of compensation system the firm set up for local Thai workers? Discuss at least three. 4Interpreting z-scores: Complete the following statements using your knowledge about z-scores.a. If the data is weight, the z-score for someone who is overweight would bezeropositivenegativeb. If the data is IQ test scores, an individual with a negative z-score would have aaverage IQhigh IQlow IQc. If the data is time spent watching TV, an individual with a z-score of zero wouldwatch the average amount of TVwatch very little TVwatch a lot of TVd. If the data is annual salary in the U.S and the population is all legally employed people in the U.S., the z-scores of people who make minimum wage would bepositivenegativezero What is the sum of 8a7+ 5b2 2a2 and 7b2 + 66_20a + 3? Total costs to be accounted for ______.a. under FIFO will only be different than weighted-average costing when there is ending work-in-process inventoryb. under FIFO costing is always different than total costs to be accounted for under weighted-average costingc. under FIFO will only be the same as weighted-average when there is no beginning inventoryd. is always the same under both FIFO and weighted-average costing Question 4 (1 point) Rachel Carson wrote a book called Silent Spring, which detailed the negative impacts of... O wildfires O oil extraction and air pollution O DDT and other pesticides O leaving organisms off of the endangered species list If you are expecting to have to drive through mountains, it's important to _____. What was the impact of Byzantine Empire on Roman culture? The Eisenhower Doctrine was a policy that allowed:O A. any country wanting its own nuclear arsenal to protect itself fromcommunism to seek the help of the United States.OB. Middle Eastern countries threatened by communism to seek thefinancial and military help of the United States.OC. South American countries burdened by communist dictatorshipsto seek help from the United States.OD. Nordic countries threatened by communism to seek the financialand military help of the United States. Why do people sound weird when they breath in balloon air? Replacing the NAD83 Datum The National Geodetic Survey is currently preparing a new national datum for the United States to better improve spatial reference and coordinate measurements. This new datum, which will be rolled out in 2022, will effectively replace NAD83 as the reference for geospatial data moving forward. The new datum will be based (in part) on the measurements taken from GNSS satellites. For further information about the change in datums and how it is going to impact working with geospatial technologies, point your Web browser to https://www.ngs.noaa.gov/datums/newdatums/index.s html . You'll see several clickable options for more information concerning the new datum's development, videos on the subject, and ways of tracking the progress of this new datum. Expansion Questions What types of changes will this new datum bring to how coordinates are measured at a national level and a state level? Why is this change to a new national datum being undertaken? What is the current status of this project? Please help me verify. I am stuck. Maria drives to her aunt's house at an average speed of 50 miles per hour. If her trip takes 5 hours and 15 minutes, how many miles does she drive? A manufacturing company has total liabilities of $52,000 and total stockholders' equity of $75,000. What is the debt-to-equity ratio? assume the united states is experiencing a recessionary gap and the federal reserve purchases government bonds. all else constant, what is the most likely outcome? (5 points) Janey is a high school student who wants to write an article about young entrepreneurs. First, she posts a message on social media looking for willing participants. After she compiles their stories, she posts the article on her blog, where it is picked up and featured by her hometown paper. Janey just participated in the general structural and functional differences between a nerve and smooth muscle cell within an individual are a result of Explain how principles of computer programming are applied in differentlanguages to produce software applications. now suppose that agatha wishes to withdraw $20,000 per year from the business and will reinvest any remaining after-tax earnings. if the business is operated as a sole proprietorship, how much after-tax cash flow will remain for reinvestment in the business? how much after-tax cash flow will agatha have from the withdrawal? The average daly volume of a computer stock in 2011 was 35.1 milion shares, according to a ralable source. A stock analyst believes that the stock volume in 2018 is differunt from the 2011 level Based on a random sample of 40 trading days in 2010, be finds the sample mean to be 28.7 mition shana, with a standard deviation of s 146miton shares Tast the hypotheses by constructing a 95% confidence interval Complete pants (a) Pugh (1)(a) State the hypotheses for the35.1 milion shares363 milion shares(b) Construct a 95% confidence interval about the sample mean of stocks traded in 2018win 95% confidence, the mean stock volume in 2018 is between shares and miton shares(Round to the decimal places as needed)(c) Will the researcher reject the nut hypothes?OA. Read the null hypothese bec -35.1 min shares as in the confidence intervalOB. Reject null hypothesis 35.1 milon shares does not fall in the confidence intervalOC. Do not reject Penal hypotes because35.1 million shares falls in the confidence intervalOD Do not at the null hypothesis bic25.1 milian whares does not tall is the confidence interval what item would require the most force to move.an empty wagona wagon full of bricks a wagon full of apples a wagon full of feathers