Answer:
1. below;
2. the last dollars taxed but not to all income
Explanation:
Given that the average tax rate for individuals is the percentage of income that individuals pay in taxes. While the marginal tax rate applies to a certain part of taxable income, which is usually the last dollar of the income
Hence, Typically, the average tax rate for a person is BELOW his or her marginal tax rate, because the marginal tax rate applies to THE LAST DOLLARS TAXED BUT NOT TO ALL INCOME.
If people bought the same market basket of goods as the average consumer again and again the:______.
a) consumer price index (CPI) would be extremely accurate.b) consumer price index (CPI) would be less accurate.c) gross domestic product (GDP) deflator would be more accurate.d) gross domestic product (GDP) deflator would be less accurate.e) consumer price index (CPI) would be biased upward relative to the GDP deflator.
Answer:
If people bought the same market basket of goods as the average consumer again and again the: a) consumer price index (CPI) would be extremely accurate.
If a credit card balance is paid in full within the grace period then the customer will receive __________. A. lower interest rates B. unlimited credit C. no finance charges D. higher interest rates
Answer:
The answer is A.
Explanation:
Answer: A
Explanation:
Carolina Mills purchased $270,000 in supplies this year. The supplies account had an opening balance of $56,000 and an ending balance of $66,000. What was supplies expense for Carolina Mills during the year
Answer:
the supplies expense is $260,000
Explanation:
The computation of the supplies expense is shown below
Supply expense is
= Opening balance + Purchase - Closing balance
= $56,000 + $270,000 - $66,000
= $260,000
hence, the supplies expense is $260,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
how macroeconomists tackle macroeconomic problems?
Answer:
Economics is not an exact science, that means that there is no secret formula that will solve economic issues. Economics is a social science since it deals with individual's actions and these actions cannot be controlled. Economists can assume households and businesses will act a certain way, but they cannot force them to do so or even be sure that the desired effects will happen.
Economists are divided into two main streams or schools:
Neo-neo-classicists that believe that the market will eventually self regulate in the long run. Economic problems must be dealt by managing the money supply. Keynesians that believe that in the short run, the government can actually affect the economy and can change some economic factors. They deal with problems mainly through fiscal policies, i.e. increasing or decreasing government spending.Personally, I believe that classic economic theories are wrong because theories can rarely apply in real world situations. That is why this theory has continuously been losing strength in the past 90 years. Human are not rational and they will not follow instructions, they will do what they believe is the best thing, not what other people tell them to.
If the sellers bid against each other for the right to sell the good to a consumer, then the producer surplus will be $0 or slightly more. $50 or slightly less. $150 or slightly less. $200 or slightly more.
Answer:
$50 or slightly less
Explanation:
If we assume that there is four persons namely E, S, A and K
The producer surplus is the surplus that shows the difference between the seller value and the seller cost
In the case when the seller bid against each other so here the producer surplus would be $100 or slightly less
Here only one person could able to send the good i.e. person E As the cost to the person would be lowered by the goods value
Therefore the option B is correct
what did you learn from the moduleon work habits and conduct?
Answer:
how to communicate and the speaking with the co-workers is the answer
Explanation:
From the work habits and conduct of the moduleon it would be learned how to communicate and the speaking with the co-workers
Therefore as per the given situation, the above represent the answer and the same is considered and relevant
So how to communicate and the speaking with the co-workers is the answer
Each month’s ending inventory of finished units should be 60% of the next month’s sales. The April 30 finished goods inventory is 138 units. Compute Champ’s budgeted production (in units) for May.
Answer:
230
Explanation:
Calculation for Champ’s budgeted production (in units) for May
CHAMP INC.
Production Budget For month ended May 31
Sales during the month 230
Less: Opening Stock (138)
(60%*230)
Sales units required to produce in May 92
(230-128)
Sales during June 230
Add: Closing stock of May 138
(230*60%)
Budgeted production (in units) for May: 230 (138+92)
Therefore Champ’s budgeted production (in units) for May will be 230
Easy Car Corp. is a grocery store located in the Southwest. It expects to pay an annual dividend of $6.30 next year to its shareholders and plans to increase the dividend annually at the rate of 5.0 % forever. It currently has 600,000 common shares outstanding. The shares currently sell for $60 each. Easy Car Corp. also has 20,000 semiannual bonds outstanding with a coupon rate of 8.9141 %, a maturity of 26 years, and a par value of $1,000. The bonds currently have a yield to maturity (YTM) of 10%. The corporate tax rate is 20 %?
Answer:
Missing question "1. What is the cost of debt for Easy Corp? 2. How many interest payments are left for the bond of Easy Corp? 3. What is the interest payment per period for the bond? 4. What is the discount rate per period to use in pricing the bonds? 5. What is the market value of equity for Easy? 6. What is the cost of equity for Easy?"
1. Cost of debt is equal to YTM, which is equal to 10%
Cost of debt = YTM = 10%
2. Number of interest payment to be made is equal to 26 * 2 = 52
This is because payment is made semi annually
3. Interest payment per period = 8.9141% / 2 * $1,000
Interest payment per period = 4.45705% * $1,000
Interest payment per period = $44.57
4. As the period is semiannual, discount rate per period is equal to 10% / 2 = 5%
5. Market value of equity = 600,000*60 = $36,000,000
6. Cost of equity = Dividend price + Growth rate
Cost of equity = 6.3/60 + 0.05
Cost of equity = 0.105 + 0.05
Cost of equity = 0.155
Cost of equity = 15.5%
At December 31, Gill Co. reported accounts receivable of $243,000 and an allowance for uncollectible accounts of $1,100 (debit) before any adjustments. An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 4% of accounts receivable. The amount of the adjustment for uncollectible accounts would be: _________
a. $8,620.
b. $9,720.
c. $10,820.
d. $1,100.
Answer:
c. $10,820.
Explanation:
The computation of the amount of the adjustment for uncollectible accounts is shown below
= Account receivable reported × given percentage + debit balance of allowance for uncollectible accounts
= $243,000 × 4% + $1,100
= $9,720 + $1,100
= $10,820
hence, the amount of the adjustment for uncollectible accounts is $10,820
Therefore the correct option is c
HELP!
Henry's taxable income is $44,200. Find his state income tax if he pays $2,800 plus 7% of his taxable
income over $40,000
Answer:
$5,894
Explanation:
If Henry's taxable income is above $40,000, he pays 7% of the taxable income plus $2800
Henry's income =$44,200
taxable income will be 7% of $44,200 + $2800
=(7/100 x $44,200) + $2800
=0.07 x $44,200 + $2800
=$3,094 + $2800
=$5,894
Suppose a firm that produces for this market employs a private security force that makes town residents, many of whom have no business with the company, feel safer. This scenario is characterized bymarket power , which is an example of
Answer:
Externality, market failure
Explanation:
Note: The full question is attach as picture below
This scenario is characterized by externality which is an example of market failure.
At the intersection of demand and supply curves, value to consumers is equal to cost to sellers. When people who are not involved in the business, feel safer, there exists positive externality which results in market failure and the need for government intervention arises.
The Tax Cuts and Jobs Act suspends all miscellaneous itemized deductions that are subject to the 2% floor under present law. For which of the following itemized deductions does California tax law conform to the new Federal tax provisions for tax year 2019?A. Tax preparation expensesB. Unreimbursed business expensesC. Investment expensesD. Medical expenses
Answer:
D. Medical expenses
Explanation:
The California tax law follows the new federal tax provision for the year 2018 for medical expenses. Only part of the medical expenses can be deducted which is allowed as per federal tax law, that is, 7.5% of the adjusted gross income.
Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics. (Round answer to 2 decimal places, e.g. 12.75.)
Answer:
Overhead allocated to Job XZ3275 $330.39
Explanation:
The computation of the overhead allocation is as follows;
But before that overhead rates is as follows
Activity rate = Estimated overhead cost ÷ Expected cost driver
Activity Cost pool Activity based overhead rate
Loading and unloading $1.02 per piece
($91,000 ÷ 89,500)
Travel $0.79 per mile
($457,000÷ 579,000 miles)
Logistics $26.69 per hour
($75,000 ÷ 2810 hours)
Now the overhead allocation is
Loading and unloading (150 pieces × $1.02 per piece) $152.51
Travel (200 miles × $0.79 per mile) $157.86
Logistics (0.75 hours × $26.69 per hour) $20.02
Overhead allocated to Job XZ3275 $330.39
Technical analysis of the stock market focuses on which of the following?
A. The revenue of a corporation
B. Calculating opportunity costs
O C. Overall trends in the market
D. The ratio of costs to benefits
You should FOLLOW UP on items that: ______________, _________________, ________________.
Sunland Inc. issues $250,000, 10-year, 9% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1, 2020.
Answer:
Dr Cash 242,500
Dr Discount on Bond 7500
Cr Bonds Payable 250,000
Explanation:
Preparation of the journal entry to record the sale of these bonds on March 1, 2020.
Based on the information given we were told that the company issues the amount of $250,000 that include 10-year, 9% bonds at 97 which means that the journal entry to record the sale of these bonds on March 1, 2020 will be
March 1
Dr Cash 242,500
(250,000*.97)
Dr Discount on Bond 7,500
(250,000-542,500)
Cr Bonds Payable 250,000
Parvis makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $70,000, $60,000, and $50,000, respectively, what was the budgeted receivables balance on December 31
Answer:
Balance as on 31st December = $46,000
Explanation:
Sales October November December Balance
October $70,000 $14,000 $49,000 $7,000 $0
November $60,000 $12,000 $42,000 $6,000
December $50,000 $10,000 $40,000
Balance as on 31st December $46,000
Workings
October: 20% of 70,000 = 14,000, 70% of 70,000 = $49,000, 10% of 70,000 = $7,000
November = 20% of 60,000 = 12,000, 70% of 60,000 = $42,000, Balance = 60,000 - (12,000+42,000) = $6,000
December = 20% of 50,000 = $10,000, Balance = 50,000 - 10,000 = $40,000
Which factor is least important when choosing a financial service provider?
Α. fee structure
B. licenses
C. experience
D. website
customer retention numbers
Answer:
d
Explanation:
got it right on edmentum
After-tax net income divided by the average amount invested in a project, is the: ___________
a. Net present value rate.
b. Payback rate.
c. Accounting rate of return.
d. Earnings from investment.
e. Profit rate.
Answer:
c. Accounting rate of return.
Explanation:
The Accounting rate of return is calculated by dividing the after tax net income by average investment (i.e. Accounting rate of return = After tax net income / Average investment )
Bramble Corp. incurs the following costs to produce 9900 units of a subcomponent: Direct materials$8316 Direct labor11187 Variable overhead12474 Fixed overhead16200 An outside supplier has offered to sell Bramble the subcomponent for $2.85 a unit. If Bramble accepts the offer, it could use the production capacity to produce another product that would generate additional income of $3600. The increase (decrease) in net income from accepting the offer would be
Answer:
$3,762
Explanation:
The computation is as seen below
Total cost when the production is 9,900 units
Direct materials $8,316
Direct labor $11,187
Variable overhead $12,474
Total $31,977
But,
Their new cost on supplier offer is
= $2.85 × 9,900 units
= $28,215
In the case when the order is accepted, the net income would increase by
= $31,977 - $28,215
= $3,762
Last year, Bailey bought a bond for $1,000 that promises to pay $110 a year. This year, a person who buys a bond for $1,000 receives $125 a year. If Bailey were to sell his (old) bond, its price would be approximately:__________.a. $880.b. $1,125.c. $1,136.d. $1,110.
Answer:
a. $880.
Explanation:
Bailey bought a bond for $1,000 that promises to pay $110 a year.
The interest rate was 110/1000 * 100 = 11%
This year, $1,000 receives $125 a year= 125/1000 * 100 = 12.5%. So, this year the interest rate now rises to 12.5%.
If Bailey were to sell his (old) bond, the price should be 110/12.5% = 110/0.125 = $880.
What is the price of a three-year coupon bond with a coupon rate of 1%, face value equal to $100, and a current interest rate of 0.75%? Do not include any symbols in your answer.
Answer: 100.74
Explanation:
Face value= $100
Coupon payment = $100 × 1% = $100 × 1/100 = $100 × 0.1 = $1
Interest rate = 0.75% = 0.75/100 = 0.0075
The price of the bond will be:
= 1/(1 + 0.0075) + 1/(1 + 0.0075)^2 + 1/(1 + 0.0075)^3
= 100.74
You have discovered that for a certain group of stocks, large positive price changes are always followed by large negative price changes. This finding is a violation of the ________ form of the efficient market hypothesis.
Answer:
Strong form
Explanation:
Efficient market hypothesis states that all information about a set of investment in a market is readily available, so it is impossible to beat the market and make unusual profit.
There are different forms that looks at the availability of public and non public information in the market system and their effect on stock prices.
The strong form of the efficient market hypothesis states that both public and non public information is accounted for in the price of a stock, therefore there is no way an investor can make unusual profit.
If a certain group of stocks have large positive price changes followed by large negative price changes, it is a violation of strong form of the efficient market hypothesis.
Blossom Company developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNRV) basis in valuing inventories: Product Cost Market A $135000 $142000 B 94000 90000 C 189000 191000 After Blossom Company applies the LCNRV rule, the value of the inventory reported on the balance sheet would be
Answer: 414,000
Explanation:
After Blossom Company applies the LCNRV rule, the value of the inventory reported on the balance sheet would be calculated as the addition of the lower between the market and.cost for each product. This will be:
Product A: Lower of 135000 or 142000 = 135,000
Product B: Lower of 94000 or 90000 = 90,000
Product C: Lower of 189000 or 191000 = 189,000
Value of inventory will then be:
= 135,000 + 90,000 + 189,000
= 414,000
=
After Sandra finishes making her list, she does a bit of research to learn about the different technologies available. She
is
Answer:
finding options
Explanation:
Kirk decides to use the simplified option for his home office deduction on his 2019 income tax return. He figures he uses 200 square feet of his home for business. What is his allowable home office deduction?
a. $0
b. $600
c. $1,000
d. $2,000
Answer:
c. $1,000
Explanation:
For 2019 allowable home office, deduction is prescribed at a rate of $5 per square feet for a maximum of 300 square feet.
Deduction allowed = 200 * $5 per square feet
Deduction allowed = $1,000
So, his allowable home office deduction is $1,000
expalin how foreign employment contributes to spurring nation economy
1) Country can get lots of foreign currency as the remittance which can be used to establish industries in the country. Such industries provide job opportunities in the country. 2) People who go overseas to work can learn different skills and technologies which can be beneficial for the development of our own country.
Social responsibility is know as ______.
A. profit and planet
B. people and community
C. none of the options are correct
D.people and profit
Answer:
B. people and community
Explanation:
Social responsibility is known as people and community. In other words it refers to any and all responsibilities that you may have when being part of a community or society to make that community better. This involves a wide range of responsibilities or obligations such as volunteering, cooperating with others, ethical and moral choices, etc. Anything that benefits the larger structure that you are part of would be considered a social responsibility.
The term that can be used to describe Social responsibility isB:people and community
Social responsibility can be regarded as ethical framework as well as suggests, which explains that there are different obligation for individual so they can work and cooperate with other.It involves different individuals and the community as a whole and all organizations.Therefore, option B is correct.
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A client comes to see you for retirement planning. They plan to retire in 4 months on their 66th birthday. They are planning on living until age 91 (they added a few years to their estimate of reality to stay conservative). They are investing in such a way that should generate average annual returns of 6.5%. If they have $575,000 in retirement assets, then how much annual income could they expect
Answer:
The annual income that the client could withdraw is:
$44,262.30.
Explanation:
PV of retirement assets = $575,000
Interest rate on the assets = 6.5%
Number of retirement years = 25 (91 - 66)
Using an online finance calculator,
They can expect to retrieve $44,262.30 at the beginning of each period to reach the future value of $0.00.
FV (Future Value) $0.00
PV (Present Value) $575,000.00
N (Number of Periods) 25.000
I/Y (Interest Rate) 6.500%
PMT (Periodic Payment) $-44,262.30
Starting Investment $575,000.00
Total Principal $-531,557.55
Total Interest $531,557.55
Anton, Inc., just paid a dividend of $2.90 per share on its stock. The dividends are expected to grow at a constant rate of 4.75 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock.Requirement 1:What is the current price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)Requirement 2:What will the price be in six years and in thirteen years? (Do not round intermediate calculations.Round your answers to 2 decimal places (e.g., 32.16).)
Answer:
1. Using the Gordon Growth model;
Price = Next dividend / (required return - growth rate)
= (Current dividend * (1 + Growth rate)) / (required return - growth rate)
= (2.90 * (1 + 4.75%)) / (9% - 4.75%)
= 3.03775/ 4.25%
= $71.48
2. Six years;
The stock will grow at a rate of 4.75% every year.
= 71.48 * (1 + growth rate)⁶
= 71.48 * 1.0475⁶
= $94.43
13 years;
= 71.48 * 1.0475¹³
= $130.67