Sheffield Corp. has old inventory on hand that cost $21000. Its scrap value is $30000. The inventory could be sold for $70000 if manufactured further at an additional cost of $21000. What should Sheffield do?

Answers

Answer 1

Answer:

Sell the inventory for $30000 scrap value

Explanation:

In the first place, if the old inventory is disposed of at $30,000 and cash inflow of $30,000 would be received

However, if manufactured by further  by incurring an additional cost of $21,000,the incremental income is computed thus:

incremental income=sales value-scrap value-additional cost

Remember scrap value is a lost benefit if the inventory is processed further and not sold in its current state.

incremental income=$70,000-$30,000-$21000

incremental income=$19,000(less than cash flow when disposed of at scrap value, hence, the inventory should be sold at $30,000)


Related Questions

Sarbanes-Oxley Act requires which of the following:

a. An effective internal control
b. Light penalties for violators
c. Auditors must evaluate internal controls
d. Auditor's work overseen by Public Accounting Board

Answers

Answer:

The correct answer is the option A: An effective internal control.

Explanation:

To begin with, the name of "Sarbanes-Oxley Act" refers to the well known United States federal law whose main purpose is to set new requirements, or at least expand them, regarding the boards and management areas of public companies of the US. It was enacted in 2002 due to the various scandals regarding the accounts of companies like Enron back then. Therefore that the bill contains itself eleven sections where most of them are refered specifically to the public's responsabilities that the board of directors of the public companies have. As well as the criminal penalties that they can face in the case of breaking the law.

Answer:

a. An effective internal control
c. Auditors must evaluate internal controls

Explanation:

SOX requires managers and auditors whose stock is publicly traded to have an effective internal control system, auditors must evaluate internal controls, violators may receive harsh penalties (not light penalties), and auditors’ work is overseen by Public Company Accounting Oversight Board (PCAOB) (not by the Public Accounting Board).

Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 45 million cases of cola were sold every month at a price of $6 per case. After the tax, 39 million cases of cola are sold every month; consumers pay $7 per case (including the tax), and producers receive $3 per case.
The amount of the tax on a case of cola is $ per case. Of this amount, the burden that falls on consumers is $ per case, and the burden that falls on producers is $ per case. True or False: The effect of the tax on the quantity sold would have been the same as if the tax had been levied on producers.
A. True
B. False

Answers

Answer:

Tax on a case of cola is $4 per case.

The burden that falls on consumers is $1 per case.

The burden that falls on producers is $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

Explanation:

Tax on a case of cola = Amount that consumers pay after the tax has been charged - Amount producers receive = $7 - $3 = $4 per case

Burden on consumers = Amount consumers pay after the tax has been levied - Amount consumers pay before tax was levied = $7 - $5 = $1 per case

Burden on producers = Tax on a case of cola - Burden on consumers = $4 - $1 = $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

Grapefruit, Inc. provides the following information for 20X8: Net income $39,000 Market price per share of common stock $20/share Dividends paid $0.75/share Common stock outstanding at Jan. 1, 2018 110,000 shares Common stock outstanding at Dec. 31, 2018 155,000 shares The company has no preferred stock outstanding. Calculate the dividend yield for common stock.

Answers

Answer: 3.75%

Explanation:

Dividend yield = Annual dividend / Common stock market price

Annual dividend = 0.75 per share

Common stock market price = $20 per share

Dividend yield = 0.75 / 20

= 3.75%

which of the following attributes is not necessary for the information to qualify as a trade secret?

Answers

Answer:

short and long to type

Explanation:

i hope this question is helpful

please like comment

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Cary Inc. reported net credit sales of $300,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts is $500. The company has experienced bad debt losses of 1% of credit sales in prior periods. Using the percentage of credit sales method, what amount should the company record as an estimate of Bad Debt Expense?
a) $2,500
b) $3,000
c) $2,980
d) $3,200

Answers

Answer: b. $3,000

Explanation:

The company's bad debt for the current year is said to be 1% of the credit sales because this is the usual rate for the past periods.

The bad debt expense for this year is therefore:

= Bad debt percentage * Credit sales

= 1% * 300,000

= $3,000

This will then be posted to the Allowance for Doubtful Accounts.

Scott Lockhart owns and operates AAA Delivery Services. On January 1, 20Y7, Common Stock had a balance of $40,000 and Retained Earnings of $815,500. During the year, no additional common stock was issued, and $10,000 of dividends were paid. For the year ended December 31, 20Y7, AAA Delivery reported a net income of $67,250. Prepare a statement of stockholders' equity for the year ended December 31, 20Y7.

Answers

Answer and Explanation:

The preparation of the statement of stockholder equity should be presented below:

Statement of stockholders' equity

For the year ended December 31, 20Y7

Particulars                   Common Stock          Retained Earnings          Total

Beginning balance,

January 1                       40000                           815500                        855500

Add: Net income            0                                    67250                           67250

Less: Dividends paid     0                                    -10000                        -10000

Ending balance,

December 31                  40000                              872750                   912750

The stockholders' equity balance for the year ended December 31, 20Y7 is $912,750    

What is stockholders' equity?

Shareholders' equity is what shows the investment status of a business over a period of time.

Statement of stockholders' equity for the year ended December 31, 20Y7

Particulars                   Common Stock          Retained Earnings          Total

Beginning balance,

January 1                       40,000                           815,500                      855,500

Add: Net income            0                                    67,250                           67,250

Less: Dividends paid     0                                    -10,000                        -10,000

Ending balance

December 31                  40,000                           872,750                   912,750    

Learn more about stockholders' equity here :   https://brainly.com/question/16289143  

Identify the situation below that will result in a favorable variance.
a. Actual costs are higher than budgeted costs.
b. Actual income is lower than expected income.
c. Actual expenses are higher than budgeted expenses.
d. Actual revenue is higher than budgeted revenue.
e. Actual revenue is lower than budgeted revenue.

Answers

Answer:

d. Actual revenue is higher than budgeted revenue.

Explanation:

When the Actual income/revenue/benefit is higher than the budgeted/estimated income/revenue/benefit, the variance will be favorable.  

When the Actual income/revenue/benefit is lower than the budgeted/estimated income/revenue/benefit, the variance will be unfavorable.  

When the Actual expense/cost/loss is higher than the budgeted/estimated expense/cost/loss, the variance will be unfavorable.

When the Actual expense/cost/loss is lower than the budgeted/estimated expense/cost/loss, the variance will be favorable.

a.

As the actual cost incurred is higher than the cost estimated, then the variance in both costs is unfavorable.

b.

As the actual Income earned is lower than the income estimated, then the variance in both incomes is unfavorable.

c.

As the actual expense incurred is higher than the expense estimated, then the variance in both expenses is unfavorable.

d.

As the actual revenue incurred is higher than the revenue estimated, then the variance in both revenues is favorable.

e.

As the actual revenue earned is lower than the revenue estimated, then the variance in both revenues is unfavorable.

Rev. Elvin Snider is the ordained minister at Crossroads United Methodist Church. His salary on his Form W-2 is $20,000. He also receives a $12,000 housing allowance. His housing costs for the year are $14,000. What is Rev. Snider's self-employment income?

Answers

Answer: $32000

Explanation:

It should be noted that ministers or clergymen can exclude the home rental value or housing cost from the calculation of the gross income

Rev. Snider's self-employment income

Therefore, in this case, Rev. Snider's self-employment income will be:

Salary = $20,000

Add: Housing allowance = $12000

Total = $32000

A differentiation strategy allows a company to charge a(n) __________ price for its product, if it chooses to do so. a. premium b. exorbitant c. low d. average e. escalating

Answers

Answer:

A

Explanation:

A differentiation strategy entails making ones product different from that of other firms in the industry. This would enable the firm that has a differentiated product sell at a premium. The aim of this strategy is to have a competitive advantage

Advantages of a differentiation strategy

products are unique. This reduces the competition the product faces with other products in the industry it increases brand loyalty

San Antonio Chair Inc. has direct labor cost standard of $14 per direct labor hour and an efficiency standard of 6 hours per chair. The actual results for the period when 30 chairs were built were 130 direct labor hours at an actual cost of $1,560. What is the direct labor cost variance

Answers

Answer:

Total direct labor variance= $960 favorable

Explanation:

Giving the following information:

We will separate the direct labor cost variance in rate and quantity variance. To calculate the direct labor rate and quantity variance, we need to use the following formulas:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (30*6 - 130)*14

Direct labor time (efficiency) variance= $700 favorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (14 - 12)*130

Direct labor rate variance= $260 favorable

Actual rate= 1,560/130= $12

Total direct labor variance= 700 + 260

Total direct labor variance= $960 favorable

A company's managers should almost always give serious consideration to making significant adjustments in its camera/drone strategies and competitive approaches when:

a. all or most of its competitors are using mostly different competitive approaches and therefore the marketplace is not big enough to accommodate all of the competitors.
b. all or most of its competitors are using mostly copycat competitive approaches that make it difficult for any of these companies to capture sales volumes and revenues big enough to earn profits large enough to meet investor-expected EPS, ROE, and stock price appreciation targets.
c. the number of camera and drone workstations the company has installed is NOT well above the industry-averages (as reported on pages 6 and 7 of the most recent Camera & Drone Journal).
d. the company's market share for action cameras has not been the largest for two straight years and when its EPS and ROE have also not been the highest in the industry for two straight years.
e. the company's operating profits per action camera sold are not substantially above the industry-average benchmarks in at least three geographic regions (as reported on p. 6 of the most recent Camera & Drone Journal),

Answers

Answer:

Hence the correct option is option b - All are most of its competitors are using mostly copycat competitive approaches that make it difficult for any of these companies to capture sales volumes and revenues big enough to earn profits large enough to meet investor expected EPS, ROE, and stock price appreciation targets.

Explanation:      

A company's management should nearly always give serious consideration to creating significant adjustments in its camera or drawn strategies and competitive approaches when all or most of its competitors are using mostly copycat competitive approaches that make it difficult for any of those companies to capture sales volumes and revenues large enough to earn profits large enough to satisfy investor expected EPS ROE and stock price appreciation targets.

The correct option for the given question is "all or most of its competitors are using mostly copycat competitive approaches that make it difficult for any of these companies to capture sales volumes and revenues big enough to earn profits large enough to meet investor-expected EPS, ROE, and stock price appreciation targets."

What is camera/drone strategies?

The camera/drone strategy involves the strategic approach of a company in which the company overlooks its competitors, their market, and strategies and modify its strategies accordingly.

If the competitors are using copycat competitive approaches and hence are making it difficult for the company to achieve sales volume and revenue and the expectations of the companies' investors regarding the EPS, ROE and stock price appreciation are difficult to meet, the company  should consider its camera/drone strategies and competitive approaches.

Therefore the correct option is b.

Learn more about camera/drone strategies here:

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reparation of Stockholders’ Equity Section Wildcat Drilling has the following accounts on its trial balance. Debit Credit Retained Earnings 600,000 Cash 825,000 Additional Paid-In Capital—Common 3,100,000 Additional Paid-In Capital—Preferred 400,000 Accounts Payable 345,000 Accounts Receivable 410,000 Common Stock, $1 par 600,000 Preferred Stock, $10 par 340,000 Inventory 1,300,000 Treasury Stock—Common (30,000 shares) 382,000 Accumulated Other Comprehensive Income 70,000 Required: Prepare the stockholders’ equity portion of Wildcat’s balance sheet.

Answers

Answer:

Wildcat Drilling

Stockholders' Equity Section:

Common Stock, $1 par                                         600,000

Preferred Stock, $10 par                                      340,000

Additional Paid-In Capital—Common                3,100,000

Additional Paid-In Capital—Preferred                 400,000

Treasury Stock—

Common (30,000 shares)                                  (382,000)

Retained Earnings                                               600,000

Accumulated Other Comprehensive Income      70,000

Explanation:

a) Data and Calculations:

Wildcat Drilling Trial Balance Accounts:

                                                           Debit              Credit

Cash                                               825,000

Accounts Receivable                     410,000

Inventory                                    1,300,000

Accounts Payable                                                  345,000

Common Stock, $1 par                                         600,000

Preferred Stock, $10 par                                      340,000

Additional Paid-In Capital—Common                3,100,000

Additional Paid-In Capital—Preferred                 400,000

Treasury Stock—

Common (30,000 shares)           382,000

Retained Earnings                                               600,000

Accumulated Other Comprehensive Income      70,000

Newton Corporation was organized on January 1, 20X7. On that date, it issued 200,000 shares of its $10 par value common stock at $15 per share (400,000 shares were authorized). During the period January 1, 20X7, through December 31, 20X9, Newton reported net income of $750,000 and paid cash dividends of $380,000. On January 5, 20X9, Newton purchased 12,000 shares of its common stock at $12 per share. On December 31, 20X9, 8,000 treasury shares were sold at $8 per share. Newton used the cost method of accounting for treasury shares. What is the total stockholders' equity of Newton as of December 31, 20X9

Answers

Answer:

$3,290,000

Explanation:

Calculation to determine total stockholders' equity of Newton as of December 31, 20X9

200,000 shares issued for $15$3,000,000

(200,000 shares* $15)

Add Net income $750,000

Less Dividends ($380,000)

Less Purchased 12,000 treasury shares at $12 ($144,000)

(12,000 treasury shares*$12)

Add Decrease in treasury stock account $96,000

(8,000 shares *$12)

Less Decrease in additional paid-in capital ($32,000)

[(8,000 shares *$12)-(8,000 shares *$8])

Total Stockholders’ equity $3,290,000

Therefore total stockholders' equity of Newton as of December 31, 20X9 is $3,290,000

Why does the government sometimes use an expansionary fiscal policy?

Answers

Expansionary fiscal policy is used to kick-start the economy during a recession. It boosts aggregate demand, which in turn increases output and employment in the economy.

Suppose real GDP is forecasted to grow by 1.881.88 %, the velocity of money has been stable, and the Fed announces an inflation target of 2.502.50 %. What is the largest money growth rate the Fed could implement and still achieve its inflation target

Answers

Answer: 4.38%

Explanation:

Use the Quantity Theory of Money to find the growth rat:

MV = PY

ΔMoney supply + ΔVelocity = ΔPrice level + ΔEconomic output or GDP

Velocity is stable so is 0.

ΔMoney supply + 0 = 2.50% + 1.88%

ΔMoney supply = 4.38%

Craigmont Company's direct materials costs are $3,400,000, its direct labor costs total $7,360,000, and its factory overhead costs total $5,360,000. Its conversion costs total:__________
a) $10,760,000.
b) $8,760,000.
c) $12,720,000.
d) $5,400,000.
e) $16,120,000.

Answers

Answer:

c) $12,720,000.

Explanation:

Conversion Costs = Direct Labor Costs + Factory Overheads

                               = $7,360,000 + $5,360,000

                               = $12,720,000

Thus,

Craigmont Company's conversion costs total is $12,720,000.

Gross Private Domestic Investment $1,593
Personal Taxes 1,113
Transfer Payments 1,683
Taxes on Production and Imports 695
Corporate Income Taxes 218
Personal Consumption Expenditures 7,304
Consumption of Fixed Capital 1,393
US Exports 1,059
Dividends 434
Government Purchases 1,973
Net Foreign Factor Income 10
Undistributed Corporate Profits 141
Social Security Contributions 748
US Imports 1,483
Statistical Discrepancy 50


Refer to the accompanying national income data (in billions of dollars). Corporate profits are equal to
Multiple Choice
$793.
$702.
$575.
$444.

Answers

Answer: $793 billion

Explanation:

Following the information provided in the question, the corporate profit will be calculated as:

Undistributed corporate profits = 141

Add: Dividend = 434

Add: Corporate income taxes = 218

Corporate profit = $793

Therefore, the corporate profit is $793 billion

Assume a firm generates $2,500 in sales, has a $800 increase in accounts receivable and has a $500 increase in accounts payable during an accounting period. Based solely on this information, cash flow from operations will increase by:

Answers

Answer:

Cash flow from operations will increase by $2,200.

Explanation:

The amount of increase in cash flow from operations can be calculated as follows:

Increase in cash flow from operations = Sales - Increase in accounts receivable + Increase in accounts payable …………… (1)

Sales = $2,500

Increase in accounts receivable = $800

Increase in accounts payable = $500

Substituting the values into equation (1), we have:

Increase in cash flow from operations = $2,500 - $800 + $500 = $2,200

Therefore, cash flow from operations will increase by $2,200.

Assume you just deposited $1,000 into a bank CD account with one year until maturity. The interest rate on your deposit is 8% and inflation is expected to be 4% over the next year. a. How much money will you have in your bank account at the end of one year

Answers

Answer:

amount after 1 year = $1080

Explanation:

given data

deposited = $1,000

interest rate = 8% = 0.08

inflation rate =  4%

solution

we get here amount after one year with 8% of interest rate will become

amount after 1 year = deposited  × [tex]( 1 + rate )^{time}[/tex]  ................1

put here value

amount after 1 year = $1000 × ( 1 + 0.08)

amount after 1 year = $1080

When the value of a currency A reduces as a result of an increase in the value of another currency B, then currency A would be said to have Select one O a, Arranged b. Depreciated OC Devalued O d. Denominated​

Answers

the answer is not here the answer is deficit but I will pick depreciated

The following information is available for a company's utility cost the estimated variable cost per machine hour is:_____.
Month Machine hours Utility cost
January 950 $5,500
February 1,850 $7,000
March 2,500 $8,100
April 650 $3,420

Answers

Answer:

Variable cost per unit= $2.53

Explanation:

Giving the following information:

Month Machine hours Utility cost

January 950 $5,500

February 1,850 $7,000

March 2,500 $8,100

April 650 $3,420

To calculate the unitary cost per machine hour, we need to use the high-low method:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (8,100 - 3,420) / (2,500 - 650)

Variable cost per unit= $2.53

The following data relate to direct labor costs for August: actual costs for 5,500 hours at $24.00 per hour and standard costs for 5,000 hours at $23.70 per hour. The direct labor rate variance is a.$1,500 unfavorable b.$1,500 favorable c.$1,650 unfavorable d.$1,650 favorable

Answers

Answer: c. $1,650 unfavorable

Explanation:

The direct labor rate variance shows the difference between the cost of direct labor that the company thought it would incur vs what it actually incurs for the period.

Formula is:

Direct labor rate variance = Actual cost of direct labor - Standard cost of actual hours of direct labor

= Actual hours * (Actual cost - Standard cost)

= 5,500 * (24 - 23.70)

= $1,650 unfavorable

Unfavorable because the actual cost incurred was more than the cost anticipated.

For the remaining questions, please consider the following transactions that happened upon the incorporation of Berry Company by its owner, John Berry, during the first week of January:

· It received €50,000 in cash from John Berry as capital.

· It borrowed €30,000 from a local bank.

· It purchased €15,000 of equipment for cash.

· It purchased €20,000 of inventory on account.

· It pre-paid €3,000 for the office rent and €2,000 for the insurance.

What is the total current assets at the end of the week?

Answers

Answer: €100,000

Explanation:

Cash received is an assetThe money borrowed is also cash so assets increaseEquipment was exchanged for cash. Both of them are assets so there is NO EFFECT on assets here. Inventory purchased on account will increase assets because assets were acquired with liabilities in this instance. Prepayments are assets but because this was paid with cash, there is NO EFFECT on assets as they cancel each other out.

Total assets at the end of the week are:

= Cash + Cash borrowed + Inventory purchased on account

= 50,000 + 30,000 + 20,000

= €100,000

If the importer... the bill

Answers

Answer:

sorry

Explanation:

An important sustainability issue that has received much more scrutiny in recent years is the: focus on adequate inventory levels. reduction in packaging waste by using alternate materials. effort to move warehouse storage closer to consumers. emphasis on materials handling and warehouse design. none of the above

Answers

Answer:

reduction in packaging waste by using alternate materials.

Explanation:

An important sustainability issue that has received much more scrutiny in recent years is the reduction in packaging waste through the use of alternative materials. You can see this happening through new laws that prohibit the use of plastic bags in supermarkets and plastic drinking straws, for example.

There are several companies that seek the use of biodegradable packaging, even if these are not provided for by law. Companies seek to adopt sustainable actions in their processes to demonstrate to their stakeholders that they follow ideal standards of environmental preservation and social awareness. This is a positive type of marketing for companies, as the population is more aware and wants to consume more from environmentally responsible companies.These companies then become more valued by their consumers and consequently more competitive and well positioned in the market

On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be other than temporary. On that date, the carrying value of the bonds is $38,500 and the fair value is $22,980.

Required:
Prepare the journal entry to record the impairment.

Answers

Answer:

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

Explanation:

Preparation of the journal entry to record the impairment.

Journal entry

Sep. 30

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

($38,500-$22,980=$15,520)

(To record the impairment)

Slotnick Chemical received $280,000 from customers as deposits on returnable containers during 2021. Fifteen percent of the containers were not returned. The deposits are based on the container cost marked up 20%. How much profit did Slotnick realize on the forfeited deposits

Answers

Answer:

$7,000

Explanation:

The computation of the profit that should realize on the forfeited deposits is given below:

Deposited forfeited is

= $280,000 ×15%

= $42,000

Now the cost of the discount forfeited is

= $42,000 ÷ (100 + 20%$)

= $35,000

So, the profit realized is

= $42,000 - $35,000

= $7,000

the financial statements for banana company include the following items: 20x9 20x8 cash $51,500 $50,000 short-term investments 25,000 15,000 net accounts receivable 53,000 50,000 merchandise inventory 163,000 50,000 total assets 532,000 554,000 accounts payable 131,500 124,000 salaries payable 25,000 13,000 long-term note payable 59,000 53,000 compute the current ratio for 20x8. group of answer choices

Answers

Answer:

1000,$5000maaf kalo salah

Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost January 10,000 $17,000 February 8,000 13,500 March 9,000 14,400 April 7,000 12,500 Compute the variable and fixed cost elements using the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25.)
Variable cost $ ______ per mile
Fixed cost $ ______

Answers

Answer:

Variable cost per unit= $1.5

Fixed costs= $2,000

Explanation:

Giving the following information:

Miles Driven Total Cost

January 10,000 $17,000

February 8,000 13,500

March 9,000 14,400

April 7,000 12,500

To calculate the variable and fixed costs under the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)

Variable cost per unit= $1.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 17,000 - (1.5*10,000)

Fixed costs= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 12,500 - (1.5*7,000)

Fixed costs= $2,000

A student got a $5000 grant per quarter and the opportunity to work on campus at a rate of $12 per hour, but no more than 15 hours per week. The quarter last 10 weeks. The student aid office charges 5% of handling fees and the state has an 8% income tax. If E is 'earnings at the end of the quarter,' H is 'hours of work per week,' the model that calculates the income of the student at the end of the quarter is :____________

Answers

Hi, you've asked an incomplete question. The options read;

a) E= 5000 (1-0.05) + 10 * 12 * H * (1 - 0.08).

b) E= 5000 (1-0.05) + 10 * 12 * H * (1 - 0.08) H≤15 (this reads: H less or equal to 15.

c) E= 5000 * (1 - 0.95) + 12 * H * (1 - 0.08) H≤15 [this reads: H less or equal to 15].

d) E= 5000 (1-0.05) + 12 * H * (1-0.08).

Answer:

b) E= 5000 (1-0.05) + 10 * 12 * H * (1 - 0.08) H≤15 (this reads: H less or equal to 15.

Explanation:

Using this model we note the following,

H is represented by  15 (hours)5% handling fee represented by 0.058% income tax is represented by 0.08rate is represented by 12 ($)

Substituting this data into the model we have:

⇒ 5000 (1-0.05) + 10 * 12 * 15 * (1 - 0.08)

⇒ 4750 + 1800 (1-0.08)

⇒ 4750+1656 = $6406.

Other Questions
whats the perimeter and area of this shape? Mack purchased a variable annuity with $50,000 premium deposits, which he splits equally between 2 subaccounts, at the time of purchase, the value of units in subaccount 1 was $25 and the value of units in subaccount 2 was $10.00, 6 months later the value of units in subaccount 1 increased to $30 and the value of units in subaccount 2 decreased to $8, What was the value of Mack's contract at that point? An increase in consumer income increases the demand for automobiles. As a result of the adjustment to a new equilibrium, there is a(n):A. rightward shift of the supply curveB. upward movement along the supply curveC. no change in the graphD. leftward shift of the supply curveE. downward movement along the supply curve What does it mean when sociologists say that age is "sociallyconstructed"?A)Age is based on sociobiological concepts. B)Age is related to heredity and genes. C)Age is perceived in a similar manner all over the world. D)Age is based on cultural attitudes that are rooted in a society. Find the 97th term of the arithmetic sequence 17, 26,35,... need help solving this equation right now please 14. The area of 10 square plots is 160 ares. Find the length in metres of the side of each plot (3mks) explain about the geographical environment of gandaki provience. Do you agree with Blanda that the only way to bridge the political division we see today is to reach out to those who think differently? Instruction: Find the average rate of change for the scenario below.A rocket is 1 mile above the earth in 30 seconds and 5 milesabove the earth in 150 seconds. What is the rockets rate ofchange in miles per second?Rate of Changemiles/second What does the underlined word mean in the following sentences?We use la to talk about o______nounO singularO pluralO masculineO feminine If the kinetic energy of a particle has increased to 25 times its initial value, then the percentage of the change in the wavelength which is associated with the particle's motion is...A) 80%B) 60%C) 40%D) 20% Ayuda plis..5 (2x+3) - 4x= - 4 +3 (x-4) What is Nuremburg trails ATP is considered as nature dehydrating agent.what does it means?show with the help of examples RHC Pharmaceuticals Inc., Lawrence Pharma Inc., and Quincy Pharma Inc. are three rival firms who have set up an alliance to conduct research and find a cure for cancer. They have made almost equal contributions to the research, and they also share their expertise with one another. However, the three firms will continue to behave as competitors in markets for other drugs and vaccines. What is this arrangement best referred to as 7. Which expression is equivalent to the expression (5.5 X 107)(3.2 x 10') 2 X 105 A. 8.8 x 1011 B. 8.8 x 1021 C. 1.74 x 105 D. 1.74 x 1017 Angel Corporation began offering a two-year warranty on its products. The warranty program was expected to cost Angel 3% of net sales. Net sales made under warranty in 2021 were $218 million. Fifteen percent of the units sold were returned in 2021 and repaired or replaced at a cost of $4.40 million. The amount of warranty expense on Angel's 2021 income statement is:______. Direct Labor Variances The following data relate to labor cost for production of 20,000 cellular telephones: Actual: 8,450 hrs. at $22.50 Standard: 8,400 hrs. at $23.00 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ Time variance $ Total direct labor cost variance $ b. The employees may have been less-experienced or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard. The place where photosynthesis occurs is the:A. mitochondrial membranes.B. thylakoid membrane.C. plasma membrane.D. ribosone. it's not chloroplast.