Answer:
1. Total cost (TC) in WIP of Job A-1 is $456.00 2. Completed number of units is 2,675. 3. Equivalent unit (EU) of production for conversion is 34,560 units.
The total cost that should have been recorded in the Work in Process for Job A-1 on March 21 is $499.
What is The Total Cost?
Whole cost refers to the total cost of achieving a certain level of output; average or unit cost is calculated by dividing total cost by amount produced.
The total cost includes the Direct material, direct labor, direct Expenses and the indirect costs.
Computation of Total Cost for Job A-1 on May 21:
According to the given information,
Direct Material = $290,
Direct Labor:
[tex]\text{Direct Labor} = \text{Direct LaborHour} \times \text{Direct Labor Hour Rate}\\\\\text{Direct Labor} = 5.5 \times \$15\\\\\text{Direct Labor} = \$82.5[/tex]
Then find the Overhead Cost:
[tex]\text{Overhead Cost} = \text{Direct Labor Hour} \times \text{Overhead Rate Per Hour}\\\\\text{Overhead Cost} =5.5 \times \$23\\\\\text{Overhead Cost} =\$126.5[/tex]
Then the Total Cost is:
[tex]\text{Total Cost}= \text{Direct Material + Direct Labor + Overheads}\\\\\text{Total Cost}= \$290+\$82.2+\$126.5\\\\\text{Total Cost}= \$499[/tex]
Therefore, the Total cost is $499.
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Marcus (20) attends State University and is a qualifying student for the purpose of the American Opportunity Tax Credit (AOTC). His parents will claim him as a dependent on their jointly-filed 2020 return. Their adjusted gross income is $125,000, and they paid $14,000 for Marcus' tuition during the year. What is the maximum AOTC Marcus' parents may be eligible to receive
The maximum AOTC that can be claimed by Andre’s parents is $2,500.
American Opportunity Tax Credit means a tax credit on education expenses which are incurred within first four years of a student’s higher education.
The full tax credit is allowed when modified adjusted gross income is $160,000 or less.100% of first $2000 spent on education expenses and 25% of next $2000 of qualifying education expenses.Maximum AOTC = $ 2000 + (0.25 × $2000)
Maximum AOTC = $2000 + $ 500
Maximum AOTC = $2500
Therefore, the maximum AOTC that can be claimed by Andre’s parents is $2,500.
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Fabian (16), will be claimed as a dependent on his parents' tax return. His only income during the year consisted of $10,000, which was his net profit from a lawn mowing business. What is Fabian's self-employment tax
Fabian's self-employment tax equals $1,413.
Net Income from Self employment = $10,000
Income liable for Self employment Tax = $10,000 * 92.35%
Income liable for Self employment Tax = $9,235
Fabian's Self employment Tax = $9,235 * 15.3%
Fabian's Self employment Tax = $1,413
Hence, Fabian's self-employment tax equals $1,413
Therefore, the Option B is correct.
Missing options "$383 $1,413 $1.530 $10.000"
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Joseph (43) and Azalea (44) are married with no dependents. They will file separate returns for 2020. Joseph files his return first and claims total itemized deductions of $22,500. If Azalea chooses to claim the standard deduction on her return, what is the maximum amount she may claim
Since Azalea chooses to claim the standard deduction on her return,then, the maximum amount she may claim is $0.
In filing, a married couples who are filling separate returns should claim the same deduction.
If one of them claimed an Itemized deduction, then, the other should claim the same for the expenses paid separately. If one of them claimed a itemized deduction then, the other would get a standard Deduction of Zero.In conclusion, Since Azalea chooses to claim the standard deduction on her return,then, the maximum amount she may claim is $0.
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Question 56 of 75. Louise is a 29-year-old taxpayer who will use the head of household filing status. Her 2020 modified adjusted gross income is $48,000. During the year, she made a $1,500 contribution to her employer's 401(k) plan. She has never taken a distribution from any retirement plan. The maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is:
Considering the situation described above, the maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is "$150."
This is because according to the Internal Revenue Service regulations, for individuals filing under the head of household filing status, with an adjusted gross income of $31,876 - $48,750, such person would only be able to receive 10% of his retirement savings contributions credit (Saver's Credit).
Therefore, Louise has only contributed $1,500 to her employer's 401(k) plan. Consequently, she can only receive 10%, which is "$150."
Hence, in this case, it is concluded that the correct answer is "$150."
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How to write email asking for further details and paying procedure
Answer:
considering that an address is not mentioned, following is a letter in regards to payment procedure,
xxx
xxx(address),
To whoever it may concern,
Dear Sir/Madam,
I am writing this letter to you, seeking a few answers in regards to your leaflet.I recently came accross your advertisement for products.
I wanted to inquire in regard to the sauna Belt that ur offering.it was mentioned that a scale is going on till the 31st of January. could you kindly mention the suitable payment procedure for this order.
Thank you,
your sincerely,
shivangi sharma
hope it's helps you....plz mark me as brainlistA firm purchased $120,000 worth of light general-purpose trucks. The operations of the trucks lead to annual income of $60,000 for years 1~4. These trucks were then sold for $20,000 at the end of year 4. Assume a 30% combined tax rate. With a 40% bonus depreciation plus MACRS depreciation, do the following.
(a) (10 pts) Calculate the before-tax IRR.
(b) (10 pts) Calculate the after-tax IRR.
The before-tax IRR is 37.93%
The after-tax IRR is 19.32%
The internal rate of return (IRR) is defined as the return rate on a project investment project over a periodic lifespan.
It is also referred to as the net present value of an investment project which is zero. It can be expressed by using the formula:
[tex]\mathbf{0= NPV \sum \limits ^{T}_{t=1} \dfrac{C_t}{(1+1RR)^t}- C_o}[/tex]
where;
[tex]\mathbf{C_t}[/tex] = net cash inflow for a time period (t)[tex]\mathbf{C_o=}[/tex] Total initial investment cost(a)For the before-tax IRR:
The cash outflow = $120000
Cash Inflow for the first three years = $60000
Cash inflow for the fourth year = $60000 + $20000 = $80000
∴
Using the above formula, we have:
[tex]\mathbf{0 = \dfrac{60000}{(1+r)^1}+ \dfrac{60000}{(1+r)^2}+ \dfrac{60000}{(1+r)^3}+ \dfrac{80000}{(1+r)^4}}[/tex]
By solving the above equation:
r = 37.93%
(b)For the after-tax IRR:
The cash outflow = $120000
Recall that:
Cash Inflow = Cash inflow × Tax rate∴
For the first three years; the cash inflow is:
[tex]\mathbf{=60000 -(60000\times 0.3) } \\ \\ \mathbf{ = 60000 -18000} \\ \\ \mathbf{ = 42000}[/tex]
For the fourth year, the cash inflow is
[tex]\mathbf{=80000 -(60000\times 0.3) } \\ \\ \mathbf{ = 80000 -18000} \\ \\ \mathbf{ = 62000}[/tex]
Using the above IRR formula:
[tex]\mathbf{0 = \dfrac{42000}{(1+r)^1}+ \dfrac{42000}{(1+r)^2}+ \dfrac{42000}{(1+r)^3}+ \dfrac{62000}{(1+r)^4}}[/tex]
By solving the above equation:
r = 19.32%
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Which of the following is not a characteristic of rent controls?
Lower expenditures on maintenance
Greater availability of apartments
Fewer newly built apartment buildings
Excess demand for apartments
The greater availability of apartments is not one of the tools that can characterize rent control.
The term rent control refers to the rules and regulations that are given by the policymakers. The rent control can reduce the quality and the rental housing units.Hence the option B is correct.
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Which of the following are the fastest growing forms of marketing?
Direct and digital
Undifferentiated and differentiated
Internal and external
Mass and targeted
Standardized and customized
Answer: the answer is a
Explanation:
Answer:
I think it's A
Explanation:
nowadays a lot of people use digital ..almost everyone is online now
people love direct talking and dealing like me I get offended when they beat around the Bush so I conclude it to ans A
hope this will help
What might cause a demand curve to shift to the right?
A. A decrease in the product's own price
B. An increase in the price of a complement
C. A decrease in the price of a substitute
D. An increase in the price of a substitute
Answer:
D. An increase in the price of a substitute
Explanation:
Law of DemandThe law of demand states that as the price of a product of good rises, the quantity demanded for that good or product falls; conversely, if the price of a product or good falls, then the quantity demanded for that good rises.
Given the inverse relationship between the price of a good and the quantity demanded for that good, then its graph will show a downward-sloping demand curve.
A change in demand represents the leftward- or rightward-shift of the entire demand curve. This may be caused by the following factors:
Changes in the income of buyersChanges in consumers' preferences, A change in the price of related goods (substitutes and complements), Number of buyers within a market, and The buyers' expectation on the future prices of goods. Types of Related Goods:Substitutes: two similar goods that fulfill about the same needs or wants of the buyers.
Examples of substitute goods: Coca-Cola and Pepsi, butter and margarine.
Complements: these are two goods that are consumed together. When the price of one good goes up, the demand for the complement good declines.
Examples of complements: Tennis racket and tennis ball, ink cartridge and printers.
Answer:Substitute goods:
If the price of one good rises, then the buyers will demand more of the substitute good with a lower price. This causes a rightward-shift on the demand curve of that substitute good.
This description matches Option D: an increase in the price of a substitute.
makes sure an agenda is sent out before the meeting
Answer:
Facilitator
Explanation:
Facilitators manage the meeting process.
Hope that helps!
Stop sending links. I hate it. Stop it. If you dont know the answer dont say nothing. Nothing!!!! If anyone see this that I wrote right now LINKS HAS TO BE STOPPED BY TODAY!!! I MEAN IT NO MORE LINKS!!!! STOP IT RIGHT NOW AND I MEAN IT TODAY!!! STOP THE LINKS TODAY!!!! NO MORE LINKS AT ALL AND THE FUTURE!!! STOP IT TODAY!!! TODAY!!!! LINKS ARE BANNED SO END IT!!!!!
Answer:
Yessir, Those links GOTTA GO!
Explanation:
Like, explain to me this. You want to find the answer to the question, but when you find the question you need, there’s a link to the answer. People are like: EXCUSE ME?! I Don’t need a link, I NEED an actual ANSWER.
Tell me if it isn’t true.
Early economies could be described as
Answer:
sad and poorly constructed
Explanation:
early economies tended to have people in specific jobs because of their gender, age, and race. so it didn't really matter what the people were good at or wanted to do because they had to do a specific job.
In this activity, you’ll research incidents in which employers disciplined employees for not using social media responsibly. You’ll study why employers disciplined these employees and how company social media policies influenced the action taken against them. You’ll also create a list of five social media usage rules that you think all workers must follow. Finally, you’ll write about how you’ll avoid risky behaviors when using social media. Part A Conduct an Internet search and research at least three instances in which employers disciplined (or fired) employees (who were not at work during the time of posting) for an inappropriate social media posting. Briefly discuss the three instances and explain why the employer fired or punished the employee and how the social media post was inappropriate.
Answer:
in sum, an employer can terminate an employee for posting about individual gripes, but there can be a fine line between an individual complaint and attempt at concerted activity. Employers should consult with counsel before terminating or disciplining an employee for posting about work-related activity.
The goal of a subsidy is to __________. a.) discourage consumption of a good b.) raise revenue for the government c.) encourage production of a good d.) avoid deadweight loss
The goal of a subsidy is to encourage production of a good.
A subsidy can be described as when the government reduces the cost of production or the cost of a good or service to consumers. It is a form of transfer of wealth from the government to consumers or producers.
The purpose of subsidies is to reduce the price of goods and services. This encourages production or consumption. Subsidies reduces the revenue of the government.
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Suppose you deposit $1,000 in a bank and the reserve requirement is 0.25. If the banking system has zero excess reserves, then the total amount of money that can be created is
According to the Money Multiplier theory, the central bank can change the supply of money to the economy by changing the reserve requirements.
What do you mean by Money Multiplier?The total amount of money in a commercial bank is created, in general, the number of stocks multiplied by a set amount of central bank money (multiplier).
If banks do not have excess deposits, the total withdrawal amount is the same as the repayment deadlines. Theoretically, banks will never have a surplus.
[tex]\rm\,money \; multiplier = 1/ r \\\\ \rm\,money \; multiplier = 1/0.25\\\\ \rm\,money \; multiplier = 4\\\\(r = reserve \;requirement)[/tex]
So, if I know that the multiplier rate is 4, then if the central bank creates the reserve requirement at 0.25 then the amount that will be kept as reserve will be 0.25 multiplied by 1000 which is $250.
Thus, the total amount of money that can be created will be a multiplier multiplied by 1,000 which is 4*1,000 = $4,000.
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what sources could be used to evaluate performance of people working in the following jobs:
Sales representative
TV repairer
Nursing Director at Hospital
HR Manager
Air Traffic Controller
Sources could be used to evaluate the performance of people working in the following jobs?
The correct answer is Option A. Sales representative
What are the duties of a sales representative?Sales reps are responsible for selling products and meeting customer needs while receiving orders from existing or potential retailers. They ensure that customers are satisfied and properly cared for at the time of purchase. This allows you to set up a new account for your employer.
This job requires impeccable soft sales skills such as strong communication skills, organizational skills, and problem-solving skills, as well as deep technical knowledge of products, businesses, and industries.
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Your food truck at City Park is open year-round, but your sales are highest in the summer. Which action should you take in deciding whether or not to buy a newer food truck
The action that should be taken in making the decision will be D. Model the scenarios based on the likelihood of receiving increased cash flow.
From the complete question, it should be noted that taking into account the city license and utility costs when making a decision isn't the appropriate thing to do in this case.
It's important to model the scenarios based on the likelihood of receiving increased cash flow. This will help in deciding whether or not to buy a newer food truck.
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Pie City Pizza and Pizza Palace are rival restaurants in a small town. Pie City Pizza sets its prices below average variable cost for two years. After the second year, Pizza Palace goes bankrupt and exits the market. In the third year, Pie City Pizza raises prices significantly. Pie City Pizza is practicing ________ pricing. g
Pie City Pizza is practicing Penetration pricing.
Penetration pricing is a pricing strategy where competitors lower the prices of their goods and services to gain ground in the market. After they have captured, the market base, they increase their prices to make their gain.
This can be applied when the company wants to promote its products. In the case of Pie City Pizza, they adopted the penetration pricing system that captured the customers of their competitors.
When the competitors left the market, they increased their prices.
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Healthy Eating Corp. produces yogurt combined with added ingredients, such as nuts, granola, and chocolate chips. The company encourages its customers to share their ideas for new yogurt flavors and items to mix into the product on its website. Then, it allows users to vote on which flavor combination they like best in order to determine the combinations Healthy Eating Corp. will produce. Which digital marketing characteristic does this scenario best describe
The digital marketing characteristic that this scenario best describe is interactivity.
Interactivity can be defined as the process where by producer or manufacturer interact with their customers by seeking their customers opinion or feedback about their products
Companies sometimes makes use of Interactive digital marketing so as to encourage their customers to share their product preference or ideas about what they think about their product.
Interactive digital marketing is important as it help manufactures to know their customers demand so as to meet their customers need thereby increasing sales and it as well help them to build rapport with their customers.
Inconclusion the digital marketing characteristic that this scenario best describe is interactivity.
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which is true in a perfect economy ?
business owners should focus on telling customers how the features of their products are different from other available products.
determining the best price for the product is more important than the marketing. business owners should focus on pricing their products correctly so customers choose it over competitors products. advertising will have little effect on the success of the products and it not needed
Answer:
business owners should focus on pricing their products correctly so customers choose it over competitors products.
Explanation:
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If the nominal exchange rate between the American dollar and the New Zealand dollar is 1.36 New Zealand dollars per American dollar, how many American dollars are required to buy a product that costs 3.50 New Zealand dollars
2.57 American dollars are required to buy a product that costs 3.50 New Zealand dollars.
Given that the nominal exchange rate between the American dollar and the New Zealand dollar is 1.36 New Zealand dollars per American dollar, to determine how many American dollars are required to buy a product that costs 3.50 New Zealand dollars, the following calculation must be performed:
1.36 = 1 3.50 = X 3.50 x 1 / 1.36 = X 3.50 / 1.36 = X 2.57 = X
Therefore, 2.57 American dollars are required to buy a product that costs 3.50 New Zealand dollars.
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________ is the amount of data that can be transmitted across a transmission medium measured in bits per second.
Answer- Bandwidth
Explanation:
i looked up ur question so im not sure if its correct
Spontaneous financing refers
Answer: In business, "spontaneous finance" refers to financing that arises out of regular, day-to-day operations. Unlike with other common sources of financing, such as loans or bonds, obtaining additional spontaneous financing doesn't require any special action by the company; it just "happens," hence the name spontaneous.
Select the correct answer from each drop-down menu. If the firm is at point D and decides to increase the production of bike tires by 300 units, the opportunity cost will be truck tires. If the firm is at point B and decides to increase the production of truck tires by 400 units, the opportunity cost will be bike tires.
Pamelia (21) is a full-time undergraduate student pursuing an accounting degree at her state university. During the year, she received a $6,500, unrestricted scholarship, reported to her on Form 1098-T rather than Form W-2. She spent $5,500 of the scholarship funds on her current-year tuition, and she applied the rest to room and board. Pamelia also had income from a part-time job, and she is required to file a 2020 tax return. How does she report the scholarship on her Form 1040
Based on the information given, in order to report the scholarship, the best option is B. She should enter "SCH" and "1000" on the dotted line next to line 1 of form 1040.
It should be noted that form 1040 is the form that uses by individual taxpayers to file their taxes with the IRS. In this case, it should be noted that scholarship money can either be tax fee or partially free.
From the complete information, Pamelia received a $6,500, unrestricted scholarship, reported to her on Form 1098-T rather than Form W-2. Therefore, since she didn't get a W-2 listing the amount that's taxable, she should write SCH" and "1000" on the dotted line next to line 1 of form 1040.
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HELP
A supply curve is opposite of a demand curve. From which point -of -view does a supply curve make the most sense?
Answer:
A, From the business perspective
Explanation:
Supply will always be determined by businesses as the supply will be based on their everlasting drive to increase profits. By being able to decrease supply (shift the graph to the left) or increase (shift to the right) they will be able to maximize their profits based on their needs (ATC, Opportunity cost, marginal/revenue costs)
The recording, summarizing, and reporting of the economic activities and events of an organization is known as _____.
PLEASE HELP
Assuming all other factors are the same, which statement about the cost of
loans is correct?
A. A loan with simple interest will cost more than a loan with
compound interest.
B. A loan with simple interest and a loan with compound interest will
cost the same.
C. Interest compounded daily will cost more than interest
compounded monthly.
D. Interest compounded annually will cost more than interest
compounded quarterly.
SUBMIT
Answer:
=> C. Interest compounded daily will cost more than interest compounded monthly.The proper answer is Daily interest compounding is more expensive than monthly interest compounding. So, the best choice is (C).
What is interest?In the fields of finance and economics, interest is the payment made at a set rate by a borrower or deposit-taking financial institution to a lender or depositor in excess of the principal amount (the amount borrowed).
It is not the same as a fee that the borrower might pay to the lender or another entity. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a share of the reward received by risk-taking businesspeople when revenue is earned that exceeds all costs.
Hence, option (C) is accurate.
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Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis
The amount allocated to ending inventory is $3664.
LIFO is an inventory method that means last in, first out. It means that it is assumed that the latest inventory that is sold, is the first to be sold. Ending inventory is made up of inventory that is purchased eelier.
Total inventory sold = 40 + 26 = 68 units Sum of total inventory bought and beginning inventory = 10 + 60 + 30 = 100 Ending inventory = 100 - 68 = 32Value of ending inventory = (22 x $112) + (10 x $120)$2464 + $1200 = $3664
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Which of the following is a type of intellectual property?
Answer:
house
Explanation: