Answers
Answer:
$50
Explanation:
The computation of the selling price of each purse is shown below:
As we know that
Selling price = Total value ÷ number of purses sold
where,
Total value is
= Cost of the purse × number of purses sold + producer surplus
= $35 × 12 purses + $180
= $600
And, the number of purses sold is 12
So, the selling price of each purse is
= $600 ÷ 12 purses
= $50
Related Questions
At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, and that amount is reflected in the beginning balance sheet is recognized as revenue for 2012.
Answers
It is TRUE to state that at the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, and that amount is reflected in the beginning balance sheet is recognized as revenue for 2012.
Why is tax deferred in property taxes recognized as revenue?Tax deferred in property taxes is recognized as revenue because it represents an obligation to the entity and will be collected in the future.
Investment earnings, such as interest, dividends, or capital gains, that grow tax-free until the investor takes constructive receipt of the profits, are referred to as tax-deferred status.
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Full Question:
At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, and that amount is reflected in the beginning balance sheet is recognized as revenue for 2012.
True or false?
Using the service blueprint, make a list of all the potential key service failure points and the associated customer expectations. For example a service failure point with expectations is: check-in should be fast and hassle free. You should find 10 to 15 service failure points.
Answers
Using a service blueprint, a list of potential key service failure points and their associated customer expectations would depend on the industry and the customer preference.
What are some potential key service failure points ?Some general key service failure points would include:
Check-in should be fast and hassle-free.Staff should be knowledgeable and able to provide accurate information.Service should be delivered within the promised timeframe.Billing and payment processes should be transparent and error-free.Facilities should be clean, well-maintained, and comfortable.Communication should be clear and timely, keeping customers informed about any delays or changes.Staff should be friendly, courteous, and attentive to customer needs.Resolving complaints and addressing issues should be handled promptly and effectively.Product or service quality should meet or exceed customer expectations.Personal data and privacy should be protected and kept secure.Service should be personalized and tailored to individual customer preferences when possible.Any service disruptions or interruptions should be minimized and resolved quickly.Accessibility should be ensured for customers with special needs or disabilities.Service recovery actions should be proactive and designed to restore customer satisfaction after a service failure.Any additional fees or charges should be clearly communicated upfront to avoid surprises.Find out more on service points at https://brainly.com/question/15580877
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Which part of the citation below refers to the publisher?
“Projections Overview.” Occupational Outlook Handbook. Bureau of Labor Statistics, 29 March 2012. Web. 1 May 2013.
a)Bureau of Labor Statistics
b)Occupational Outlook Handbook
c)Projections Overview
d)Web
Answers
Answer:
A
Explanation:
the bureau of labor statistics is the company publishing the book, the occupational outlook handbook is what they published, projection overview is the specific chapter or part of the handbook. and web is just stating what form the citation is in
Bureau of Labor Statistics of the citation below refers to the publisher. “Projections Overview.” Occupational Outlook Handbook. Bureau of Labor Statistics, 29 March 2012. Web. 1 May 2013. The correct option is a.
What is the Bureau of Labor Statistics?The U.S. Bureau of Labor Statistics gathers, examines, and disseminates trustworthy data on a variety of aspects of our economy and society. We track changes in employment, pay, worker security, output, and prices.
The Bureau of Labor Statistics (BLS) is a United States government agency that collects, analyzes, and disseminates statistical data on the American labor market and economy. The BLS is responsible for producing a wide range of economic and employment data, including the monthly Employment Situation Report, which provides the latest information on employment, unemployment, and wages in the United States.
Other key data produced by the BLS include the Consumer Price Index (CPI), which tracks changes in the prices of goods and services over time, and the Producer Price Index (PPI), which measures changes in the prices of goods and services purchased by businesses.
Thus, the ideal selection is option a.
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Federal Trade Commission (FTC) regulations require that: Multiple Choice all used cars be sold with a warranty. used car buyers be informed of whether or not the vehicle comes with a warranty. used cars with over 100,000 miles be sold only by the individual owner, not by a dealer. major repairs must be made on all used cars prior to being offered for sale. the seller of a defective used car pay half the cost of the required repairs.
Answers
Federal Trade Commission (FTC) regulations require that used car buyers be informed of whether or not the vehicle comes with a warranty.
What is the Federal Trade Commission
The Federal trade commission is a body that is saddled with the responsibility of enforceing federal consumer protection laws which are aimed at preventing fraud, deception and unfair business practices.
The Commission also prevents federal antitrust laws that guides against anticompetitive mergers and other business practices that could result in higher prices, fewer choices, or less innovation.
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HITECH provides a ____ day window during which any violation not due to willful neglect may be corrected without penalty.
Answers
HITECH provides a 30-day window during which any violation done but not due to willful neglect (purposely) can be corrected without being penalized.
Preventing the application of fines for any infringement that is remedied within 30 days, provided that the infraction was not the result of deliberate negligence.
According to section 13410(d) of the HITECH Act, this interim final rule brings the HIPAA enforcement rules into compliance with these legislative modifications. Regarding the enforcement elements of the HITECH Act that are not yet in place under the relevant legislative provisions, this interim final rule does not make any changes.
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Question 10 of 10
How do values play a role in planning a career?
Answers
Career values are crucial since they can help define the parameters for your personal fulfillment and professional success. You may be intentional in your employment search and utilize your values to build your future by recognizing your own values and what matters most to you.
What are values in career planning?Work values, also known as career values, are the personal ideas, drives, and beliefs that guide you in determining what matters most to you in your professional life. Your drive to work and your overall success at work are both influenced by them.
Our actions, relationships, and lives as a whole are influenced by our own values. In addition to helping us make important decisions, our beliefs can affect how we develop personally. Knowing your values will help you make decisions about your profession, relationships with others, and interests that are most important to you.
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You've graduated from college and are now working in an investment firm where you advise clients on investment decisions. Here is the information on the proposed project.
Up-front cost: $100,000
Next year's revenue: $15,000
Real interest rate: 7%
Depreciation rate: 3%
What is the present value of the stream of payments from this project?
A. $500,000
B. $85,000
C. $115,000
D. $150,000
Answers
Answer:
B. $85,000
Explanation:
The client should not invest in the project as the income stream is low and the NPV of the project will be negative. The client should not invest in a project whose net present value is negative which means its total cost is greater than the total revenue that will be generated from the project.
A crab fisherman goes out to sea for weeks at a time catches as many crabs as possible and sells the crabs to larger distributors what field of business activity does this fall under
Answers
A crab fisherman goes out to sea for weeks at a time catches as many crabs as possible and sells the crabs to larger distributors .commercial industry field of business activity falls under this category.
Geographically, oceans are smaller than oceans and are usually found where land and ocean meet. Part of the ocean is usually surrounded by land. The sea is located at the edge of the sea and is partially surrounded by land.
The terms "sea" and "ocean" are often confused when talking about the sea. The ocean is usually considered a smaller body of water, partially covered by land. This often marks where the sea and land meet. Oceans generally refer to vast bodies of salty water that cover most of the earth.
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Choose either True or False to each question. 1. Persons returning to the United States from most foreign countries must pass through customs. 2. One reason for placing a tariff on imports is to increase in imports. 3. According to the “infant industry” argument, nations, should levy a tariff to protect their newly developed industries 4. One purpose of a quota is to limit imports.
5. Suppose that the tariff on an item is $1 a pound. U.S. firms make
this item for sale at $10 a pound. British manufacturers can
deliver the item to the United States for sale at $7 a pound. Because of the $1 tariff, Americans would probably not buy the British-made item.
6. Suppose that the tariff on the item described in question 5 is increased to $4 a pound. Americans are now likely to buy the item
made by U.S. firms.
7. If the United States eliminated all tariffs, the price of imported
goods would soon be likely to drop.
8. If the United States restricted the amount of Swedish money that
importers could obtain, this would have no effect on our imports
from Sweden.
9. Companies that export a substantial amount of their products are
more likely to be in favor of restrictions on foreign trade than those
firms that sell most of their products domestically (at home).
Answers
A sentence or notion having true or false response implies that such could be a fact or fables that is, not real. Read below to determine the truth or falsity of the following assertions.
Which is true and which is false?The following are either true or false:
Persons returning to the United States from most foreign countries must pass through customs. TrueOne reason for placing a tariff on imports is to increase in imports. FalseAccording to the “infant industry” argument, nations, should levy a tariff to protect their newly developed industries FalseOne purpose of a quota is to limit imports. TrueSuppose that the tariff on an item is $1 a pound. U.S. firms make this item for sale at $10 a pound. British manufacturers can deliver the item to the United States for sale at $7 a pound. Because of the $1 tariff, Americans would probably not buy the British-made item. FalseSuppose that the tariff on the item described in question 5 is increased to $4 a pound. Americans are now likely to buy the item made by U.S. firms. TrueIf the United States eliminated all tariffs, the price of imported goods would soon be likely to drop. TrueIf the United States restricted the amount of Swedish money that importers could obtain, this would have no effect on our imports from Sweden. FalseCompanies that export a substantial amount of their products are more likely to be in favor of restrictions on foreign trade than those firms that sell most of their products domestically (at home). TrueTherefore, the correct responses or answers to the above assertions are given above.
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Which of the following explains why people became more malnourished after society started relying on agriculture
rather than hunting and gathering?
Commodities were exchanged using money, which was not equally available.
Commodities were often difficult to grow in areas where conditions suited societies
Commodities were controlled by the social elite and the food was not divided evenly
Commodities were found to be too much work for too little money so few people grew crops
Answers
Answer:
the answer would be the second one :)
What does this picture reminds you of a nightmare of give 2-4 sentences
Answers
This picture reminds you of a nightmare as it looks scary and threatening and seems like blood coming from eyes indicated through red color.
What is a nightmare?Nightmares are a condition that is closely linked to tension, stress, and trauma. Physiological well-being is regarded as a problem in this condition, and it is frequently a symptom of the fundamental and curable disorder.
As well as emerging in combination with horrific memories and other psychiatric conditions like depression, cognitive deficits, and bipolar disorder, nightmares are more common during stressful times.
In the given case, the picture is shown as a nightmare as it is scary developing fear in an individual with its effects like red color liquid coming from the eyes which can be denoted as blood.
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Xavier finished planting his last bonsai tree for his Japanese garden, complete with a koi pond and gazebo.
Unfortunately, the garden wasn't yet fenced in and he already noticed neighborhood children sneaking in to
look at the fish. Eight-year-old Josh wants to take a picture of a fish, but trips and falls on a rock bordering
the pond. Xavier could be held liable for negligence.
Answers
Answer:
TRUE
Explanation:
Special education is defined as specialized_______
Answers
Special education is defined as specialized "instruction and support designed to meet the unique needs of students with disabilities."
It encompasses a range of educational services, strategies, and interventions tailored to address the diverse learning requirements of individuals with disabilities.
The goal of special education is to ensure that students with disabilities have equal access to educational opportunities and are provided with the necessary tools and accommodations to achieve academic success and personal development.
Special education encompasses various components, such as individualized education plans (IEPs), which outline specific goals and accommodations for each student. It involves the provision of specially trained teachers and support staff who are knowledgeable about the specific needs and challenges of students with disabilities.
It also involves the use of specialized instructional techniques, assistive technologies, and adaptive materials to enhance learning and promote inclusion.
In addition to academic instruction, special education may also address social-emotional development, behavioral management, and independent living skills, depending on the unique needs of the student.
Collaboration among educators, parents, and related service providers is essential to ensure the provision of a comprehensive and individualized special education program that empowers students with disabilities to reach their full potential.
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What are examples of career changes? Check all that apply.
Sonja is a Bus Driver who takes a new job as a Cook in a restaurant.
Alfredo is an Actor for a television show who takes a job acting in a movie.
Marybeth is a Farmworker who grows vegetables and decides to start growing fruit, too.
Joshua is a Security Guard who takes a job as a High School Math Teacher.
Answers
Answer:
It's A and D.
Explanation:
Answer:
A D
Explanation:
why does location matter?
Answers
answer: you need to know where your at
Question 2
(10 Marks)
A company uses 15,000 units of stock item 6786 each year. The item has a purchase cost of R4 per
unit. The cost of placing an order for re-supply is R220. The annual holding cost of one unit of the item
is 10% of its purchase cost.
Data relating to stores item 6787 are as follows.
Daily use:
Lead time for re-supply:
Reorder quantity:
Required:
i.
ii.
300 Units
5-20 Days
10,000 Units
EOR
What is the economic order quantity for item 6786, to the nearest unit?
What would be the effect of an increase in the annual holding cost per unit on (1) the EOQ and (2)
total annual ordering costs?
What should be the reorder level for this stock item (6787), to avoid the possibility of inventory-outs"
Answers
1. The economic order quantity for item 6786 is approximately 2,568 units. If the annual holding cost per unit increases, the EOQ will decrease. The total annual ordering costs will also decrease if the annual holding cost per unit increases.
2. The reorder level for stock item 6787 should be set at 6,000 units to avoid the possibility of inventory-outs.
How did we arrive at these assertions?To calculate the economic order quantity (EOQ) for item 6786, we can use the following formula:
EOQ = √((2 × Annual Demand × Cost per Order) / Holding Cost per Unit)
Given the following data:
Annual Demand = 15,000 units
Cost per Order = R220
Holding Cost per Unit = 10% of R4 = R0.4
Substituting these values into the formula:
EOQ = √((2 × 15,000 × 220) / 0.4)
EOQ = √(6,600,000)
EOQ ≈ 2,568 units (to the nearest unit)
Therefore, the economic order quantity for item 6786 is approximately 2,568 units.
Effect of an increase in the annual holding cost per unit:
1) The EOQ: If the annual holding cost per unit increases, the EOQ will decrease. This is because a higher holding cost per unit means it becomes more expensive to hold inventory, and therefore, it is more cost-effective to order smaller quantities more frequently.
2) Total annual ordering costs: The total annual ordering costs will also decrease if the annual holding cost per unit increases. This is because the decrease in the EOQ will result in more frequent orders, leading to more ordering costs but less holding costs. The decrease in holding costs will outweigh the increase in ordering costs, resulting in a lower total.
Reorder level for stock item 6787 to avoid inventory-outs:
To calculate the reorder level, we need to consider the daily use and lead time for re-supply. The reorder level should be set to ensure that there is enough stock to cover the daily demand during the lead time.
Reorder Level = Daily Use × Lead Time for Re-supply
Given the following data:
Daily Use = 300 units
Lead Time for Re-supply = 5-20 days (let's take the maximum value, which is 20 days)
Reorder Level = 300 × 20
Reorder Level = 6,000 units
Therefore, the reorder level for stock item 6787 should be set at 6,000 units to avoid the possibility of inventory-outs.
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whats the meaning of economics
Answers
Answer:
Economics is the study of how society uses its limited resources. Economics is a social science that deals with the production, distribution, and consumption of goods and services. It focuses heavily on the four factors of production, which are land, labor, capital, and enterprise.
Explanation:
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources. ... The building blocks of economics are the studies of labor and trade.
Economics is defined as a science that deals with the making, distributing, selling and purchasing of goods and services. An example of economics is the study of the stock market.
all of the following are alternative methods for a u.s. investor entering into a joint venture in a foreign country except: group of answer choices a u.s. corporation with a foreign branch. a foreign partnership. a foreign corporation. a foreign expropriation
Answers
Except for group of answer options, all of the above are substitute procedures for an American investor starting a joint venture abroad. a U.S. company having an overseas branch. a foreign expropriation
What exactly is a foreign expropriation?The term "foreign expropriation loss" is used in this section to refer to any losses incurred as a result of a expropriation, interference, seizure, or other comparable taking of property by a foreign government, a political subdivision of that government, and any agency or apparatus of a foregoing.
An illustration of expropriationGovernmental expropriation of property without "fair recompense" is forbidden by the Fifth Amendment to the United States Constitution. Eminent domain in the US and South Africa's land reform laws are two prominent examples of expropriation.
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Task 1: Careers and Educational Requirements Perform online research and choose a career in the financial services industry. Determine the education you will need to prepare for this career.
Task 2: Certification Requirements
For your chosen career, identify the certification or licensing required. Develop a strategy to prepare for certification.
Task 3: Information Technology and Interpersonal Skills
For your chosen career, describe the skills you will need to learn and develop.
Answers
For Task 1, I have chosen the career of a financial analyst in the financial services industry. To prepare for this career, a Bachelor's degree in Finance, Accounting, Economics, or a related field is required.
For Task 2, becoming a Certified Financial Analyst (CFA) is highly valued in this career. The CFA program consists of three levels of exams that cover topics such as economics, financial reporting and analysis, ethics, and investment tools.
For Task 3, both information technology and interpersonal skills are important in this career. Financial analysts must have strong analytical skills and be proficient in using financial modeling software and spreadsheet applications.
Task 1- Many employers also prefer candidates with a Master's degree in one of these fields. Additionally, courses in statistics, mathematics, and computer science can be beneficial in this career. Task 2- To prepare for this certification, one should enroll in a CFA program review course, study the material thoroughly, and take practice exams to prepare for the rigorous testing process.
Task 3- They also need to have excellent communication and interpersonal skills to be able to work effectively with clients and team members. Additionally, they must be able to present complex financial information in a clear and understandable manner. Developing and honing these skills can be achieved through a combination of on-the-job experience, training, and continuing education courses.
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1. What is productivity? What is the difference between production and productivity?
(1 point)
Answers
Answer:
production is when you create things. productivity is how well the product works, or how well it performs.
plz give brainliest
Answer:
Production is defined as the process of producing goods from raw materials. On the other hand, productivity is defined as the process of producing goods and services efficiently.
Nupur Nagpal, after compleftng her M.B.A. stud es, began to help her father, Shri Bhushan Nagpal, in his business. The business with a limited capital investment, was running successfully. All the workers were happy. Nupur wanted to use the modern business techniques in every area of business, namely, purchase, sale, production, finance, etc. In fact, she wanted to implement the methods, which she had studied in her M.B.A., in her business. As soon as she started interfering in the business with her latest techniques, the workers began to protest against her. Looking at the increasing protest against herself, she became disappointed. Ultimately, she gave up her business and started working in another company. In the business such circumstances were created that even her father could not take any balanced decision. Good Workers began to leave the business. The goodwill of the business in the market went on declining. In no time, the liabilities of business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties. Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. (a)To which form of business organization is concerned the above paragraph .
Answers
The above paragraph is related to the sole proprietorship form of business organization. A sole proprietorship is a form of business organization owned and run by a single person who is the owner or the proprietor. The owner manages the business on his own and is solely responsible for the business's profits and losses.
A sole proprietorship is usually preferred by small businesses and individuals due to its ease of formation and low startup costs.
As in the given scenario, Mr. Bhushan Nagpal started the business with a limited capital investment. In a sole proprietorship, the owner has the right to make all the decisions relating to the business without any interference from other individuals.In the given paragraph, Nupur Nagpal, after completing her MBA studies, began to help her father in his business.
She wanted to use modern business techniques in every area of business to make the business grow and prosper.
However, the workers protested against her intervention, and the business started to decline.
The goodwill of the business in the market started to decline, and the liabilities of the business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties.
Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. Thus, it can be concluded that the given scenario is related to the sole proprietorship form of business organization.
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er taxes, of R227 000 and preference share dividends of R10 000. If the company had a number of ordinary shares outstanding of 76 262, what was its earnings per share (EPS)?
Answers
The company's earnings per share (EPS) was calculated to be R3.03
Earnings per share (EPS) is calculated by dividing the company's net income by its number of outstanding shares. In order to calculate EPS, we must first calculate the company's net income. The net income of the company is given as R227,000 from regular taxes and R10,000 from preference share dividends. Therefore, the company's total net income is R237,000.Next, we must calculate the company's earnings per share (EPS). We are given that the company had a number of ordinary shares outstanding of 76,262. Therefore, the company's EPS is calculated as follows:Earnings per share (EPS) = (Net income - Preferred dividends) / Number of outstanding sharesEarnings per share (EPS) = (R237,000 - R10,000) / 76,262Earnings per share (EPS) = R3.03Therefore, the company's earnings per share (EPS) was R3.03.Summary: Earnings per share (EPS) is calculated by dividing the company's net income by its number of outstanding shares. In this problem, we are given that the company had a net income of R237,000 from regular taxes and preference share dividends, and a number of ordinary shares outstanding of 76,262. Therefore, the company's earnings per share (EPS) was calculated to be R3.03.For more questions on Earnings per share (EPS)
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4. During a slow business period, an associate sees a new hire having trouble answering a customer's questions. The customer is ready to leave. What should the
associate do?
O A. Step in and say, "Here, let me help," then ring the sale
OB. Approach them and ask, "Can I help answer any questions?
OC. Alert the manager that the new hire needs help
D. Watch without interrupting and advise the new hire after the customer leaves
Answers
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?"
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?" By approaching the new hire and offering assistance, the associate demonstrates teamwork and a willingness to support colleagues. This approach allows the new hire to handle the customer interaction directly, gain experience, and build confidence. However, the associate's presence and offer to help signal that they are available to step in if needed. Interrupting the interaction completely, as in option A, may undermine the new hire's ability to learn and handle customer inquiries independently. It is essential to strike a balance between providing support and allowing the new hire to develop their skills. Option C, alerting the manager, should be reserved for situations where the new hire is struggling consistently or if the customer's concerns are not being addressed. It is generally more effective to offer immediate assistance before involving higher-level management. Option D, watching without interrupting and advising the new hire afterward, misses the opportunity to salvage the customer's experience in real-time. Addressing the customer's concerns promptly and preventing them from leaving is crucial for maintaining customer satisfaction and loyalty. In summary, approaching the new hire and offering assistance while the customer is still present (option B) strikes a balance between supporting the new hire and ensuring a positive customer experience.
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Andrew purchased a stock for $250 and sold it for $175 one year later. If he earned a dividend income of $180, the stock's yield is:
Answers
Answer:
the answer is 605$ that Math
Outline the process the raw ingredients for a single flavor of ice cream might undergo to get to a local grocery’s freezer case.
Answers
Answer: fermenting , shredding , pasteurizing
metlock inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Answers
The material, labour and total price variance is computed in the tables as below for metlock inc.
Both the direct materials and the direct labour variances in cost accounting have a price/rate and a quantity/efficiency component. These variances are favourable if the actual cost is lower than the standard allowed, and unfavourable if it is higher.
Actual quantity x actual price/rate Actual quantity x standard price/rate Standard quantity x standard price/rate
Direct materials $7,600 $7,410 (1,900 x $3.90) $8,073 ((230 units x 9 pounds) x $3.90)
Direct labor $7,630 $7,700 (700 x $11) $7,590 ((230 units x 3 hours) x $11)
Material variances:
Formula Variance
Total material variance (AQ x AP) - (SQ x SP) $7,600 - $8,073 = $473 F (because actual is better than budget)
Material price variance (AQ x AP) - (AQ x SP) $7,600 - $7,410 = $190 U
Material quantity variance (AQ x SP) - (SQ x SP) $7,410 - $8,073 = $663 F
Labour variances:
Formula Variance
Total labour variance (AH x AR) - (SH x SR) $7,630 - $7,590 = $40 U (because actual is worse than budget)
Labor Rate variance (AH x AR) - (AH x SR) $7,630 - $7,700 = $70 F
Labor efficiency variance (AH x SR) - (SH x SR) $7,700 - $7,590 = 110 U
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A company has fixed costs of $96,800. Its contribution margin ratio is 44% and the product sells for $61 per unit.
What is the company's break-even point in dollar sales?
Answers
$220,000
Explanation:
Calculation for the company's break-even point in dollar sales
Using this formula
Break-Even point in dollars sales= Fixed Costs ÷ Contribution Margin
Let plug in the formula
Break-Even point in dollars sales=$96,800/44%
Break-Even point in dollars sales=$220,000
Therefore the company's break-even point in dollar sales will be $220,000.
Calculate the amount, if any, that should be added to or subtracted from net income (loss) per books during the reconciliation from book to taxable income using the information below. Enter the appropriate amounts in the designated cells below. Indicate numbers that should be subtracted by using a leading minus (-) sign. If no entry is necessary, enter a zero (0).
Item Amount added/(subtracted)
1. Qualified meals expenses of $9,000 (for meals provided by a restaurant).
2. $60,000 of life insurance proceeds received upon the death of key personnel. The amount received was less than the premiums paid on the insurance policy.
3. $110,000 of straight-line depreciation was recorded on a corporation's books. Depreciation reported on their tax return was $105,000.
4. Charitable contributions (not for relief efforts) equal to $57,700. Taxable income without regard to the contributions was $218,000.
5. Interest income of $11,000 from state bonds and $16,500 from Treasury bonds.
6. A corporation had $91,000 of capital losses and $76,000 of capital gains.
Answers
The amount that should be subtracted from the net income (loss) per book during the reconciliation from book to taxable income is $11,700.
What is the corporation's taxable income?The taxable income of a corporation is computed as the gross revenue minus the cost of goods sold (COGS), general and administrative (G&A) expenses, selling and marketing, depreciation, and other operating costs.
Because of the different depreciation methods internally and by the IRS, including other differences, the amount computed may differ.
Thus, reconciliation is always necessary to adjust the records to arrive at the taxable income.
Data and Calculations:1. Qualified meals expense -$9,000
2. Insurance proceeds $0
3. Depreciation of $5,000
4. Charitable contributions $3,200 ($57,700 - $218,000 x 25%)
5. Interest income of $11,000 Treasury Interest $16,500
6. Capital losses -$91,000. Capital gains $76,000 or a net of -$15,000
Total amount to be subtracted from taxable income = $11,700
Thus, the amount that should be subtracted from the net income (loss) per book during the reconciliation from book to taxable income is $11,700.
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The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical components. Management wants to determine how many units of each product to produce so as to maximize profit. For each unit of product 1, 1 unit of frame parts and 2 units of electrical components are required. For each unit of product 2, 3 units of frame parts and 2 units of electrical components are required. The company has 200 units of frame parts and 300 units of electrical components. Each unit of product 1 gives a profit of $1, and each unit of product 2, up to 60 units, gives a profit of $2. Any excess over 60 units of product 2 brings no profit, so such an excess has been ruled out.
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Explanation:
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One example of a(n) __________ effect of foreign direct investment is when jobs are created because of increased local spending by employees of an MNE.
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An example of direct effect of foreign direct investment is when jobs are created because of increased local spending by employees of an MNE.
What is foreign direct investment ?A foreign direct investment can be regarded as purchase of an interest in a company and this is done outside border of a country.
It is a business decision to get substantial stake as regards a foreign business .
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