Answers
Answer: D. Income would increase by about 51%
Explanation:
Income before sales increase:
= Sales - Variable costs - Fixed costs
= (8 * 14,000 units) - ( (1.20 + 0.40) * 14,000 units) - (40,000 + 32,000)
= 112,000 - 22,400 - 72,000
= $17,600
Income after sales increase:
New sales = 14,000 * (1 + 10%) = 15,400 units
= (8 * 15,400) - ( (1.20 + 0.40) * 15,400) - (40,000 + 32,000)
= $26,560
Percentage increase:
= (26,560 - 17,600) / 17,600
= 50.9%
= 51%
Related Questions
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
Answers
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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Gloria works as a freelance software developer with Ticki-Tacker Limited, a social media firm based in the city of London. She has two options for the purpose of personal income tax assessment. She may be added to the payroll of Ticki-Tacker Limited under the PAYE system or allowed to be treated as a self-employed individual. OPTION 1: Gloria under the PAYE system She will be placed on an annual salary of £50,000, and she would be required travel to work from Mondays to Fridays throughout the year via train, except for four weeks in a year when she will be on annual leave. The annual train ticket costs £2,400. OPTION 2: Gloria as a self-employed Gloria is allowed to invoice Ticki-Tacker Limited, an annual fee of £50,000. This work involves travelling to clients’ offices for a total of 5,200 miles annually in her own car. This is estimated to cost 39p/mile. Assume that Gloria’s annual accounts cover April 2020 to March 2021. REQUIRED: a. Calculate the relevant income tax and National Insurance Contribution liability under each of the two options identified. b. Calculate the disposable income (after all deductions) under the two options identified. c. Apart from (a) and (b) above, analyse any other factors that you think Gloria may take into consideration (from a taxation perspective) in arriving at the best option.
Answers
a. The relevant income tax and National Insurance Contribution liability are as follows:
PAYE System Self-Employed
Income tax (20%) (£8,378) £8,731
National Insurance Contribution (5,712) (4,317)
Total income tax and NIC liability £14,090 £13,048
b. The disposable income after all known deductions under the two options are:
PAYE System Self-Employed
Disposable income £33,510 £34,924
c. The other allowable deductions will need to be taken into consideration so that Gloria can arrive at the best option.
Data and Calculations:
PAYE System Self-Employed
Earnings per year £50,000 £50,000
Allowable expenses:
Travel expenses (2,400) (2,028) (£0.39 x 5,200)
Net Earnings £47,600 £47,972
National Insurance Contribution (5,712) (4,317)
(£47,600 x 12%) (£47,972 x 9%)
Taxable income £41,888 £43,655
Income tax (20%) (£8,378) £8,731
Disposable income £33,510 £34,924
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Using your credit card more means your debt will
A. stay the same
B. decrease
C. disappear
D. increase
Answers
Using a credit card will increase your personal debt.
Answer: D. Increase
Businesses use a number of methods to gather information and create a good
picture of their customer base Businesses use a number of methods to gather information and create a good picture of their customer base. This _________________ can help companies to validate their target market.. This
can help companies
to validate their target market.
Select one:
a. Market research
b. Segmentation
C. Retargeting
d. Strategic planning
Answers
Based on marketing analysis and considering the situation described above, this segmentation can help companies validate their target market.
What is Segmentation in Business?Segmentation is a process in which companies categorize the market into segments based on related features.
The segmentation process allows firms to create accurately targeted marketing and personalized content.
Types of Market SegmentationSignificant types of market segmentation include the following:
Demographic Psychographic GeographicBehavioralHence, in this case, it is concluded that the correct answer is option B. Segmentation.
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Both you and your older brother would like to have $28,500 in 14 years. Because of your success in this class, you feel that you are a more savvy investor than your brother and will be able to earn an annual return of 10.5 percent compared to your brother's 8.7 percent. How much less than your brother will you have to deposit today
Answers
How much less than your brother will you have to deposit today is $1,820.78.
First step
Future value = Present value × (1 + interest rate)^number of years
$28,500 = Present value × (1 + 0.105)^14
Present value= $28,500 ÷ 1.105^14
Present value= $28,500 ÷ 4.04642869977
Present value=$7,043.25
Second step
Future value = Present value × (1 + interest rate)^number of years
$28,500 = Present value × (1 + 0.087)^14
Present value= $28,500 ÷ 1.087^14
Present value= $28,500 ÷3.21524163645
Present value=$8,864.03
Third step
Deposit today=-$8,864.03-$7,043.25
Deposit today= $1,820.78
Inconclusion how much less than your brother will you have to deposit today is $1,820.78.
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Question 4
4-1) Consider any organization you are aware of from work, study, or the
media. How do they manage people? Do people in those organizations
feel important?
Answers
Answer:
save the children they aware a lots of people to save thir child future
Following year five, you estimate that CCM's free cash flows will grow at 5% per year and that CCM's weighted average cost of capital is 13%. If CCM has $200 million of debt and 8 million shares of stock outstanding, then the share price for CCM is closest to:
Answers
The Share Price is $24.45 per share.
FCF = [FCF1 / (1 + r)] + [FCF2 / (1 + r)^2] + [FCF3 / (1 + r)^3] + [FCF4 / (1 + r)^4] + [FCF5 / (1 + r)^5] + [{FCF5 * (1 + g)} / {(r - g)*(1 + r)^5}]
FCF = [25 / (1 + 0.13)] + [28 / (1 + 0.13)^2] + [32 / (1 + 0.13)^3] + [37 / (1 + 0.13)^4] + [40 / (1 + 0.13)^5] + [{40 * (1 + 0.05)} / {(0.13 - 0.05) * (1 + 0.13)^5}]
FCF = 22.13 + 21.93 + 22.18 + 22.69 + 21.71 + 284.95
FCF = $395.58 million
Value of Equity = Value of Firm - Value of Debt
Value of Equity = $395.58 million - $200 million
Value of Equity = $195.58 million
Share Price = Value of Equity / No. of shares outstanding
Share Price = $195.58 million / 8 million
Share Price = $24.45 per share
Thus, the Share Price is $24.45 per share.
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Rent payments that are processed through a third-party network after March 11, 2021, should be reported to the taxpayer on:
Answers
After March 11, 2021, such rent payments as described above should be reported on Form 1099-MISC, Miscellaneous Information.
The subject of rent payments made through third party networks is covered under the American Rescue Plan Act which:
Was signed by President Biden on March 11, 2021.Clarifies the scope of Form 1011-K.The Act shows that when rent payments are made through third-party networks, they should be treated as miscellaneous information and reported on Form 1099-MISC.
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makes sure an agenda is sent out before the meeting
Answers
Answer:
Facilitator
Explanation:
Facilitators manage the meeting process.
Hope that helps!
5 year plan example for high school seniors
Answers
[tex] \huge{ \underline{ \underline{ \mathtt{ \purple{A} \pink{N} \green{S} \blue{W} \red{E} \orange{R}}}}}[/tex]♡
A five year plan is a list of priorities you would like to accomplish over the next several years. As well as actions you can take when you make mistakes, so that you can still meet those goals.
Hope it helps ♡♡
Arguments against industrial policy include all of the following except Select one: a. foreign industrial policy success has been variable. b. The need to rescue "sunset" industries. c. the need to promote "sunrise" industries. d. reduces market efficiency
Answers
Which amendment to a law made it illegal to discriminate based on pregnancy? Which law was amended?
The (Blank) amendment to the (Blank) law made discrimination based on pregnancy illegal.
First one has a list of these three options.
ADA
PDA
ADEA
Second one has a list of these three options.
Title VII
Title I
Title IV
Answers
Answer:
I believe it's "The PDA amendment to the Title VII law made discrimination based on pregnancy illegal"
Explanation:
a) Staples Corporation shows a credit balance of $21,500 in Allowance for Doubtful Accounts at December 31, 2017, before the current year's provision for uncollectible accounts. The accounts receivable aging schedule revealed the following:
Not yet due
1–30 days past due 31–60 days past due 61–90 days past due Over 90 days past due
Estimated Percentage Uncollectible
$250,000 3% 660,000 6% 125,000 12%
85,000 28% 25,000 42%
Compute the total uncollectible and journalize the entry on December 31, 2019, to record bad debts expense.
Answers
The total uncollectible for Staples Corporation is $74,900 and the journal entry is:
Date Account Title Debit Credit
Dec. 31 Uncollectible Account Expense $74,900
Allowance for doubtful accounts $74,900
Total estimated uncollectible is:
= (250,000 x 3%) + (660,000 x 6%) + (125,000 x 12%) x (85,000 x 28% + (25,000 x 42%)
= $96,400
The uncollectible account balance is:
= Estimated uncollectible - Allowance for doubtful debt credit balance
= 96,400 - 21,500
= $74,900
In conclusion, the total uncollectible balance is $74,900
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Select the correct answer. Read this excerpt from a policy document that informs employees about payroll procedures: A) Each employee will submit a completed time sheet that shows the number of hours worked, sick time, and any vacation time taken. B) Managers must review each time sheet for accuracy and then sign it. The project director will then approve and sign each time sheet. C) If the company can’t directly deposit pay into employees’ bank accounts, the company will distribute payroll checks by 5 p.m. on the first Monday after the two-week pay period has ended. (D) The company will deduct taxes and benefits from pay. In which scenario would the company need to refer to the policy document?
Answers
The scenario where a policy document will be referred to will be D. The company will deduct taxes and benefits from pay.
A policy document simply means a formal document that is a legally binding document. It contains the instructions that determine how things are done in a organization.
Since the policy document informs employees about payroll procedures, it'll be applicable when the company will deduct taxes and benefits from pay.
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Employees have leadership prototypes, which they use to Multiple Choice decide whether a leader is effective based on their perception of how the leader should look and act. help them interact more effectively with leaders across cultures. attribute the actions of leaders to external causes rather than to internal attributes. personally engage in shared leadership. decide whether they should become a leader rather than a follower.
Answers
Based on implicit leadership theory, Employees have leadership prototypes, which they use to "decide whether a leader is effective based on their perception of how the leader should look and act."
What is Leadership Prototype?Leadership Prototype generally occurs when people evaluate or assess a leader's effectiveness.
Leadership prototypes are implicit leadership whereby individuals use the cognitive indication of an actual or abstract leader believed to possess all leaders' attributes.
Hence, in this case, it is concluded that the correct answer is to "decide whether a leader is effective based on their perception of how the leader should look and act."
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Miguel won $600 at Lucky Casino and $1,450 at Riverboat Casino. His losses for the year at Lucky Casino were $800, and his losses at Riverboat Casino were $1,000. He also spent $200 for lottery tickets without winning anything. How much can he deduct for gambling losses on Schedule A, Itemized Deductions
Answers
Based on Miguel's activities in the casinos, the amount that can be deducted is $2,000.
Gambling tax laws are such that one can set off their gambling losses against their wins. This means that one can deduct the lower amount between their winnings and their losses for the year.
Miguel's winnings:
= 600 + 1,450
= $2,050
Miguel's losses:
= 800 + 1,000 + 200
= $2,000
The amount he can deduct is therefore $2,000.
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If a stock's closing price for the day is 32.47, the stock's price in U.S. dollars would be
Multiple Choice
$32.47.
$3,247.
$32 plus a $.47 commission.
in between a low of $32 and a high of $47.
Answers
Answer:
$32.47
Explanation:
the closing price is the final price a stock is traded at before market close
When buyers in a competitive market take the selling price as given, they are said to be a. monopolists. b. free riders. c. price takers. d. market entrants.
Answers
Johan is a 25-year-old, single taxpayer with modified adjusted gross income of $18,500. During Tax Year 2020, he made a $2,000 contribution to his employer's 401(k) plan. He has never taken a distribution from any retirement plan. The maximum amount Johan may receive for the retirement savings contributions credit (Saver's Credit) is:
Answers
Johan is entitled to receive a maximum of $1,000 for the retirement savings contributions credit.
The amount of Saver's Credit claimed depends on the adjusted gross income and the tax filing status. In a single year, the claim made can be either 50%, 20%, or 10% for the first contribution of $2,000 made during the year for a retirement account. In other words, the maximum claim can either be $1,000, $400, or $200.
Moreover, the Saver's Credit could be claimed for contributions made to the:
401k403(b)457 planSimple IRASEP IRAKeeping in view the above information, Johan is a single taxpayer and his income is below $19,750 and therefore, he could claim contribution for retirement savings at 50%. This means his contribution is $1,000 ($2,000 x 50%).
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I believe that morgage option 1 is the best option. There are three elements of the mortgage, and three reasons why I believe this. The first is the interest rate. The second is the if it is fixed or adjusted. The last reason, is the length of the mortgage. I believe that the mortgage option one is the best choice. This is for two coinciding reasons. The first reason is that Mortgage opotion one has one of the lowest interest rates. While it looks like mortgage option two has the lowest mortgage rate, it most likely will not in the future. This is because mortgage option two is an annually adjusted mortgage, which means that the interest rate will most likely increase in the future according to the mortgage consultant. So, mortgage option one and three are the best options. The second and final reason that makes mortgage option one the best choice is the mortgage length. Mortgage option one's length is 30 years. While mortgage option three's is 8 years. While 8 year ssounds like a better length of time, it really is not. At the end of those 8 years whatever has not been paid off on the mortgage has to be paid off immediately. which makes mortgage option one
Answers
Answer:
new sasagotan na holahola hahhaha thanks bye love you bebe
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
Answers
Answer:
business owners should focus on pricing their products correctly so customers choose it over competitors products.
Explanation:
Mark me brainlest!
Alpha Co. is paying a $.72 per share dividend today. There are 138,000 shares outstanding with a par value of $1 per share. As a result of this dividend, the:
Answers
The dividend paid reduces retained earnings by $99,360
Dividend is the money paid out of profit after tax by a company to its shareholders.
We can compute the dividend paid by :
= Per share dividend * Shares outstanding
= $.72 * 138,000
= $99,360
Hence, dividend paid is $99,500 which reduces retained earnings by same amount.
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responsible for the overall performance of an organization or one of its
major self-contained subunits or divisions.*
General Manager
Functional Manager
Front-line Manager
СЕО
Answers
For what kind of discrimination does the EEOC handle complaints?
race and sex only
race, sex, color, religion, or nationality
religion and nationality only
Answers
Answer:
2.)- race, sex, color, religion, or nationality.
Explanation:
:)
Fad City sells novel clothes that are subject to a great deal of price volatility. A recent item that cost $20 was marked up $12, marked down for a sale by $6 and then had a markdown cancellation of $3. The latest selling price is
Answers
Answer:
20+12-6+3 = 29
Explanation:
A recent item that cost $20 was marked up $12, marked down for a sale by $6 and then had a markdown cancellation of $3. The latest selling price is 29.
What is the price?
The term pricing refers to the product value are the owner are the sale of the product. The price of the product are the amount to the borrower are the paid. Pricing is the important factor in determining how well-liked a product is in the market. The cost are the those price to the manufacturing the product. The price are the retailer sale, the cost, and the price are the different.
According to the given the amount are:
item that cost $20marked up $12a sale by $6cancellation of $3Latest selling price is the 20+12-6+3
Latest selling price is the = 29
As a result, the latest selling price is 29.
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Suppose the price of movie tickets decreases by 4%, causing the quantity demanded of popcorn to increase by 10%. What would the cross-price elasticity for movie tickets and popcorn be in this example
Answers
The cross-price elasticity of movie tickets and popcorn will be -2.5 in this example. The cross elasticity of demand in economics describes how responsive a market is to changes in the price of one good relative to another.
An economic concept known as the cross elasticity of demand quantifies how responsively consumers purchase more of one commodity when the price of another good increase. This statistic, which is also known as cross-price elasticity of demand, is determined by dividing the percentage change in the quantity demanded of one commodity by the percentage change in its price.
In other words, it establishes the relationship between the quantity of one thing that is required in response to changes in the price of another good or product. Simply put, it tracks how demand for one good varies in response to changes in the price of another.
Therefore, the cross-price elasticity will be -2.5.
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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
Answers
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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One of the benefits to lenders from the secondary mortgage markets is that they tend to raise the interest rate charged to borrowers. Group of answer choices True False
Answers
Answer:
true
Explanation:
the mortgage is riskier for the lender as the first mortgage takes priority and getting paid off in a foreclosure
What were results of the federal government deregulating the airline industry in 1978, known as the Airline Deregulation Act?
(Select all that apply.)
A- Many small airlines went out of business.
B-Consumers gained better (lower) prices for airfare.
C- Large airlines were able to improve productivity.
D-Many small airlines were able to penetrate the market.
Answers
Answer:
A, B, C
Explanation:
Consumers gained better (lower) prices for airfare.Large airlines were able to improve productivity.Many small airlines went out of business.The results of the federal government deregulating the airline industry in 1978, known as the Airline Deregulation Act, were Many small airlines went out of business. Consumers gained better (lower) prices for airfare. and Large airlines were able to improve productivity. Option a b c are correct answer.
One of the main impacts of airline deregulation was that it led to increased competition in the industry. This increased competition put financial strain on smaller airlines that were not able to compete effectively with larger, more established carriers. As a result, many small airlines went out of business. Option a b c are correct answer.
Airline deregulation opened up the market to more competition, which ultimately resulted in lower airfare prices for consumers. With increased competition, airlines had to offer more competitive pricing in order to attract customers. This gave consumers more options and the ability to find lower-priced flights. Deregulation allowed large airlines to have more flexibility in terms of their routes, pricing, and operations. This led to improved productivity for these larger carriers, as they were able to optimize their operations, streamline processes, and make decisions that were more responsive to market demands.
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Crane Company estimates that unit sales will be 8,000 in quarter 1, 11,200 in quarter 2, 12,000 in quarter 3, and 14,400 in quarter 4. Using a unit selling price of $68 per unit. Prepare the sales budget by quarters for the year ending December 31, 2022.
Answers
The total sales of the quarter is $2.918,400.
Sales Budget (Quarter)
1 2 3 4
Expected unit sales 8,000 11,200 12,000 14,400
Unit selling price $68 $68 $68 $68
Total sales $512,000 $716,800 $768,000 $921,600
Hence, the total sales of the quarter is $2.918,400
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