Sally purchased a log-splitter five years ago. This year, she purchases some new parts, gasoline, oil, and spends 2 hours repairing the log-splitter. Which of the following is included in this year's GDP?
a. the amount she paid to buy the new parts
b. the amount she paid to buy new parts and gasoline
c. the amount she paid to buy new parts, gasoline, and oil.
d. the amount she paid to buy new parts, gasoline, oil, and the market value of the 2 hours spent to repair the log-splitter.

Answer:

The amount of loss should Jacob Inc. record on December 31, 2019 is $38,000

Explanation:

Truck Value =  $48,000

Annual depreciation =   ( $48,000 -   $8,000) / 8 = $40,000 / 8= $5,000

First year (2018) = $40,000 - $5,000 =  $35,000

Second year (2019) = $35,000 - $5,000 =  $30,000

Loss  = Truck Value (actual) + estimated residual value=  $30,000 + $8,000 = $38,000

Final answer:

The overhead application rate for the manufacturing company can be calculated as approximately $3.20 per dollar of direct labor cost.

Explanation:

The overhead application rate is calculated by dividing the total estimated overhead costs by the total estimated direct labor cost. In this case, the Work in Process Inventory account has a debit balance of $12,960. The cost sheet for the job still in progress shows direct material cost of $4,000 and direct labor cost of $2,800.

To calculate the overhead application rate:

Overhead Application Rate = Total Estimated Overhead Costs / Total Estimated Direct Labor Cost

Since the Work in Process Inventory account has a debit balance, we can assume it includes both direct material and direct labor costs. Therefore, we can calculate the total estimated direct labor cost for the job still in process:

Total Estimated Direct Labor Cost = Debit Balance of Work in Process Inventory Account - Direct Material Cost

Substituting the values into the formula, we have:

Overhead Application Rate = $12,960 - $4,000 / $2,800

Simplifying, we get:

Overhead Application Rate = $8,960 / $2,800

Therefore, the company's overhead application rate is approximately $3.20 per dollar of direct labor cost.

The total manufacturing costs of Singing Dolls, Inc. for the year is $49,300, calculated by adding the Direct materials used ($14,100), the Total factory overhead ($7,100) and the Direct labor used ($28,100). The Work in Process amounts are not included in this calculation.

The total manufacturing costs incurred by Singing Dolls, Inc. during the year can be calculated by summing up the Direct materials used, the Total factory overhead, and the Direct labor used. This gives us:

Direct materials used: $14,100

Total Factory overhead: $7,100

Direct labor used: $28,100

Adding these together, we obtain the total manufacturing cost: $14,100 + $7,100 + $28,100 = $49,300

It's important to note the Work in Process amounts (January 1: $53,200 and December 31: $38,600) are not included in this calculation as these represent unfinished goods and are not part of the total manufacturing costs incurred during the year.

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The total manufacturing costs incurred by Singing Dolls, Inc. during the year are calculated by adding together the direct materials used, direct labor used, and factory overhead. This results in a total of $49,300.

The total manufacturing costs incurred during a year by Singing Dolls, Inc. can be calculated by adding together the direct materials used, total factory overhead, and direct labor used.

So, the formula is as follows:

Therefore, by adding these three amounts

Total manufacturing costs = Direct materials used + Direct labor used + Total factory overhead

Total manufacturing costs = $14,100 + $28,100 + $7,100

The Total manufacturing costs incurred by Singing Dolls, Inc. during the year is $49,300.

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Answer:

Ans. The total amount that Van owes the bank at the end of the loan’s term is A) 24,017.91

Explanation:

Hi, first, let´s do what the hint of the problem says. Let´s find the number of days.

[tex]NumberDays=\frac{4}{12} *365=121.6667 Days[/tex]

Then, we have to turn that compounded daily rate to an effective daily rate, that is by dividing the rate by 365.

[tex]EffectiveDaily=\frac{0.13}{365} =0.000356164[/tex]

This means that 13% compounded daily is equal to 0.0356164%

Now, we can use the following equation to find the future value (in 4 months) of this obligation.

[tex]FutureValue=PresentValue(1+r)^{n}[/tex]

Where:

r= Effective rate of the loan (in our case, effective daily)

n= days to pay the loan (121.6667 days)

The math to this as follows.

[tex]FutureValue=23,000(1+0.000356164)^{121.6667}[/tex]

[tex]FutureValue=24,018.39[/tex]

Since I used the whole decimals to find the exact value, my result is close to answer A), therefore, total amount that Van owes the bank at the end of the loan’s term is $24,017.91.

Best of luck

Final answer:

Option d, where the auditor traces transactions from purchase order to financial statements, best represents a walkthrough, as it involves a comprehensive review of a process to ensure accuracy and effectiveness.

Explanation:

Among the given options, the one that best represents a walkthrough is d. The auditor traces three purchasing transactions from the purchase order to the financial statement for observation and understanding. A walkthrough is a step-by-step review of a process within an organization to assess the effectiveness of internal controls, ensure compliance with policies, and identify any areas of improvement. In this context, the auditor is performing the walkthrough by tracing transactions to understand the purchasing process and verify that it reflects correctly in the financial statements.

Answer:

Ending Inventory for July: $551

Explanation:

Units on hand at the end of the period: 36

Purchases of remaining units:

Amount allocated to ending inventory for July: $551  

The first in, first out (FIFO) method of inventory valuation is a cost flow assumption that the first goods purchased are also the first goods sold.

Answer:

Explanation:

The adjusting entry for supplies is shown below:

Supplies expense A/c Dr    $115

    To supplies A/c                              $115

(Being adjusted entry recorded)

The trial balance show a supplies balance of $148 and the supplies on hand were $33, so the adjusted supply balance would be equal to

=  Supplies balance - supplies on hand

= $148 - $33

= $115

Answer: With reference to the team effectiveness model, "B) climate of trust" is one of the key components of an effective team included under the category of contextual factors.

Explanation: Within the category "Context": effective leadership, performance control and reward system, a TRUST CLIMATE, and having adequate resources available are the factors that are related to the operation of the team.

Final answer:

Climate of trust is a key component of an effective team under the category of contextual factors in the team effectiveness model. It contributes to collective efficacy, which is crucial for team cooperation and performance, especially in tasks that require high interdependence among members.

Explanation:

With reference to the team effectiveness model, climate of trust is one of the key components of an effective team that falls under the category of contextual factors. Climate of trust facilitates cooperation, reduces the need to monitor each other's behavior, and allows team members to focus more on their assigned tasks and collaboration rather than protection against what they might perceive as opportunistic behavior from others. Contextual factors, like a climate of trust, contribute significantly to the collective efficacy of a team, which is the shared belief among group members about their ability to execute tasks effectively to achieve the desired goals.

Collective efficacy is influenced by a variety of factors, including seeing others succeed, verbal encouragement, and the overall positive atmosphere within the group. It is especially crucial in situations that require high task interdependence, where each person's role is closely connected to others'. Teams with high collective efficacy tend to outperform those with low collective efficacy, demonstrating greater commitment to the group's purpose and achieving superior results. This dynamic ties back to the importance of having a climate of trust, which serves as a cornerstone for effective teamwork and achieving common purposes.

Answer:

Using the double-declining balance method, the book value at December 31, 2016 would be $ 46.944

Explanation:

Depreciation rate = 1/useful life *100 = (1/10) * 100  

            2015 2016

Cost       73350 58.680

Rate          20%         20%

Dep                   14.670 11.736

Book value 58.680 46.944

The highest APR you can afford for a 72-month loan with a borrowed amount of $86,000 and a monthly payment limit of $1,500 can be calculated with an algebraic formula. The formula allows you to numerically solve for the highest monthly rate you can afford which is then multiplied by 12 to find the annual rate.

To solve this problem, you can use the formula for the monthly payment of a loan, which is: P = [rPV] / [1 - (1 + r)^-n], where P is the monthly payment, r is the monthly interest rate (annual interest rate / 12), PV is the present value of the loan, and n is the number of payments (month).

The algebraic solution returned by this formula allows you to solve for r indicating the highest monthly interest rate you can afford. Substituting the provided values from the problem, $1,500 = [r*86,000] / [1 - (1 + r)^-72], you can solve this equation for r numerically, for instance, by using a tool or calculator that performs iterative calculations.

Remember, the rate returned will be a monthly rate. You can multiply this by 12 to get an annual rate. This rate is the maximum APR you can afford for a loan using these conditions.

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Answer: Option B

Explanation: In simple words, the market in which the price of the securities reflect all the information that is relevant to the the investor is called an efficient market. No investor can beat such markets as no security is undervalued or overvalued.

This accuracy in pricing could only be maintained when all the participants are fully aware of new information which is possible only if the information is quickly spread in the market.

Hence the correct option is B.

Answer:

The accounts receivable balance at the beginning of the third quarter is $3,550

Explanation:

For computing the account receivable balance, first, we have to compute the credit sale per day, and then multiply with the number of days

In mathematically,  

Credit sale per day = (Estimated second Quarter Sales) ÷ (accounts receivable period up to second quarter)

= $7,100 ÷ 90 days

= 78.89

Now the account receivable balance equals to

= Credit sales per day × accounts receivable period

= 78.89 days × 45 days

= $3550

Since the question is asking about the beginning of the third quarter so we considered second quarter sales

Answer:

maximum profit is $8000 if sales from machine 1

Explanation:

given data

monthly fixed costs machine 1 = $18000

monthly fixed costs machine 2 = $15000

variable costs by machine 1 = $10

variable costs by machine 2 = $20

products sell = $50 each

to find out

What is the maximum profit if the projected sales are 650 units

solution

we consider here no of machine sold = x

and we know total Cost = Fixed Cost + Variable Cost

so for machine 1 cost = 18000 + 10x

for machine 2 cost = 15000 + 20x

here x we have given 650 machine sold so

for machine 1 cost = 18000 + 10(650) = $24500

for machine 2 cost = 15000 + 20(650) = $28000

we know products sell for $50 each

so earn for 650 = $32500

so profit from machine 1 = $32500 - $24500 = $8000

so profit from machine 2 = $32500 - $28000 = $4500

so maximum profit is $8000 if sales from machine 1

Final answer:

By calculating the profits using Machine I and Machine II, the maximum profit is achieved with Machine I, totaling $8,000.

Explanation:

To determine the maximum profit with projected sales of 650 units, we need to calculate the total cost and total revenue for producing 650 units with both Machine I and Machine II, then find the profit (Revenue - Cost) for each scenario to identify the higher profit.

Machine I

Machine II

The maximum profit of $8,000 is achieved with Machine I.

Explanation:

Iowa's opportunity cost of producing 1 bushel of wheat is

= 3 bushels of corn

Nebraska's opportunity cost of producing 1 bushel of wheat is

= [tex]\frac{1}{3}[/tex]

= 0.33 bushels of corn

Iowa's opportunity cost of producing 1 bushel of corn is

= [tex]\frac{1}{3}[/tex]

= 0.33 bushels of wheat

Nebraska the opportunity cost of producing 1 bushel of corn is

= 3 bushels of wheat

Nebraska has a comparative advantage in producing wheat and Iowa has a comparative advantage in producing corn.

If both countries start to produce the commodity they have a comparative advantage in producing, both will gain from trade.

Iowa can give up producing 20 million bushels of wheat and instead produce additional

= 20 × 3 = 60 million bushels of corn

Similarly, Nebraska can give up producing 20 million bushels of corn and instead produce additional

= 20 × 3 = 60 million bushels of wheat

So now Iowa can produce 180 million bushels of corn no wheat and Nebraska can produce 180 million bushels of wheat and no corn.

If they trade, Nebraska can trade 120 million bushels of wheat for 60 bushels of corn. With this trade, Nebraska will end up with 120 million bushels of corn and 60 million bushels of wheat and Iowa will end up with 60 million bushels of corn and 120 million bushels of wheat.

With trade, Nebraska can end up with 40 million bushels of wheat and 120 million bushels of corn while Iowa can end up with 40 million bushels of corn and 120 million bushels of wheat by specializing in the goods that have lower opportunity costs for each state and then trading with each other.

Opportunity cost is the value of the next best alternative that is forgone when making a decision. In the scenario given, Iowa and Nebraska have different opportunity costs for producing corn and wheat. The opportunity cost of producing 1 bushel of wheat for Iowa is 3 bushels of corn, while for Nebraska, the opportunity cost of producing 1 bushel of corn is 3 bushels of wheat.

Given this information, with trade, both states can specialize in producing the good that has a lower opportunity cost for them and then trade with each other. Iowa should specialize in producing corn because its opportunity cost of corn is lower than that of Nebraska, and Nebraska should specialize in producing wheat because its opportunity cost of wheat is lower than that of Iowa.

Through trade, Iowa can swap some of its corn for Nebraska's wheat, and Nebraska can swap some of its wheat for Iowa's corn. This way, both states can end up with a larger quantity of the good they specialize in. So, Nebraska can end up with 40 million bushels of wheat and 120 million bushels of corn, and Iowa can end up with 40 million bushels of corn and 120 million bushels of wheat.

Answer:

Ans. the rate of return of this invesment is 3.5278% annual.

Explanation:

Hi, what we need to do here is to find the future value of all six payments, beginning when the child turns 12, which will end when he turns 17. One year later (when the child turns 18) he will receive $25,000 per year, for the next 4 years. This is the equation that we need to use (and solve for "r").

[tex]\frac{A_{1}((1+r)^{6}-1)  }{r} =\frac{A_{2}((1+r)^{4}-1)  }{r(1+r)^{4} }[/tex]

Where:

A1=$14,000

A2=$25,000

So, everything should look like this

[tex]\frac{14,000((1+r)^{6}-1)  }{r} =\frac{25,000((1+r)^{4}-1)  }{r(1+r)^{4} }[/tex]

As you can see, this would take forever to solve, so what we have to do is to use MS Excel, we have to use the "Goal Seek" function. Please check the MS Excel spread sheet attached to this answer.

Please use this function with the following parameters.

Set Cell: G7

To Value: 0

By changing cell: G2

Ans. 3.5278%

Best of luck.

The investment offers a return of approximately 19.05%.

Step 1: Understanding the Payments into the Savings Plan
You make annual payments of $14,000 each for 6 years. The first payment is on your child's 12th birthday, and you continue making payments until your child turns 17.
1. First Payment: $14,000
2. Second Payment: $14,000
3. Third Payment: $14,000
4. Fourth Payment: $14,000
5. Fifth Payment: $14,000
6. Sixth Payment: $14,000
To find the total amount you have paid into the savings plan, you multiply the annual payment by the number of payments:
[tex]\[ \text{Total Paid} = 14,000 \times 6 = 84,000 \][/tex]
Step 2: Understanding the Payments from the Savings Plan
Starting on your child's 18th birthday, the plan provides $25,000 per year for 4 years.
1. First Payment: $25,000
2. Second Payment: $25,000
3. Third Payment: $25,000
4. Fourth Payment: $25,000
To find the total amount received from the savings plan, you multiply the annual payment by the number of years:
[tex]\[ \text{Total Received} = 25,000 \times 4 = 100,000 \][/tex]
Step 3: Calculate the Return on Investment (ROI)
The return on investment (ROI) is calculated by comparing the total amount received to the total amount paid into the plan. The formula for ROI is:
[tex]\[ \text{ROI} = \frac{\text{Total Received} - \text{Total Paid}}{\text{Total Paid}} \][/tex]
Substituting the values we calculated:
[tex]\[ \text{Total Paid} = 84,000 \]\[ \text{Total Received} = 100,000 \][/tex]
[tex]\[ \text{ROI} = \frac{100,000 - 84,000}{84,000} = \frac{16,000}{84,000} \approx 0.190476 \][/tex]
Step 4: Converting to a Percentage (optional)
If desired, you can convert the ROI to a percentage by multiplying by 100:
[tex]\[ \text{ROI} \times 100 \approx 19.05\% \][/tex]
Summary
To summarize:
- Total amount paid into the savings plan: $84,000
- Total amount received from the savings plan: $100,000
-Return on Investment (ROI): approximately 0.190476, or 19.05%

The investment offers a return of approximately 19.05%.

Answer:

Statement C

The U.S. federal government pays $3 billion in salaries to soldiers in the military.

Explanation:

The purchase component is a part of business investment while calculating the effect on GDP.

Under this all the cost incurred by the companies to produce the goods are included in such costs.

In the given instance, only salary is paid at the time of production, and thus, this will form part of purchase component of GDP.

Amount paid as salary to soldiers in the military is the correct option, as it will increase the purchase component.

Answer:

The addition to retainer earnings is $ 169400.

Explanation:

note: $ 699000 - $385000 - $47000 - $ 25000  = $ 242000

addtion to the retainer earnings = $ 699000 - $385000 - $47000 - $ 25000 - 30%*242000

                                                      = $ 169400

Therefore, the addition to retainer earnings is $ 169400.

The addition to retained earnings is $89,400.

The addition to retained earnings can be calculated by subtracting the total expenses from the net income before taxes.

Net income before taxes = Sales - Costs - Depreciation - Interest expense.

Using the given figures:

Therefore, the addition to retained earnings is $89,400.

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Answer:

Antiglobal

Explanation:

In market segmentation we can diferenciate 4 segments.

Antiglobals are skeptical abouth whether the goods of global brands have a high quality. Are against global brand

Global Agnostics are against global brands and are most likely to lead globalization movements.

Global Citizens favours buying global brands that signal prestige.

Global dreamers favours buying global brands but can't afford them, and still admire them.

Answer:

Interest= $1750000

Explanation:

We know that:

EBIT

interest (-)

=earnings before taxes

tax (-)

=Net profit

EBIT= 6750000

Interest= ?

t= 0,40

Net profit= 3000000

interest= [netprofit/(1-t)]- EBIT

interest= (3000000/0,60)-6750000

interest= 1750000

Tax=(EBIT-interest)*0,35= 2000000

Answer: $14371.6

Explanation:

Given that,

According to FIFO method,

Marvin sold = 1,900 units of inventory during the month

Cost of Beginning inventory = 990 × $7.25

                                               = $7177.5

on Mar. 10

Cost of Purchase = 570 × $7.73

                             = $4,406.1

Remaining purchases = Total units sold - Beginning inventory - number of units purchase on mar 10

                                    = 1,900 - 990 - 570

                                    = 340 units

Cost of remaining purchases = 340 units × $8.2

                                                 = $2,788

Total cost of goods sold = Cost of Beginning inventory + Cost of Purchase +  Cost of remaining purchases

                                         = $7177.5 + $4,406.1 + $2,788

                                         = $14371.6

The cost of goods sold (COGS) using the FIFO method for the Marvin Company, given the inventory records and sale of 1900 units, would be $14371.60.

The subject of this question pertains to inventory management, specifically the calculation of Cost of Goods Sold (COGS) using the First-In, First-Out (FIFO) method. In the FIFO method, it is assumed that the oldest items in inventory are sold first. The calculation would go as follows:

Adding up all these costs, the total Cost of Goods Sold (COGS) using the FIFO method is $7177.50 + $4406.10 + $2788 = $14371.60.

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Answer:

B. Paul Lining has been named Director of Public Works.

Explanation:

If we need to advertize the most important information to the public, the nthe director of publc works are unnecessary information for the public.

They need to know that it is a metter of highly importance to boil water before consumption and why.

Answer:

The correct answer is letter "B": Paul Lining has been named Director of Public Works.

Explanation:

For a 15-second Public Service Announcement on drinking water safety, the conditions of how water should be drunk must be pointed out. Consequences of not doing that and factual data supporting those ideas could be ideal to draw peoples' attention and to generate an immediate change in their habits. Informing who is the new chief of that service seems irrelevant for that purpose.

Answer:

The number of shares that Brick should use to calculate 2015 diluted earnings per share are 202,000 shares

Explanation:

The computation of the number of shares are shown below:

= January 1 shares + may 1 shares + convertible cumulative preferred stock

= 170,000 shares × 4 months ÷ 12 months + 200,000 shares × 8 months ÷ 12 months + 12,000 shares

= $56666.67 + $133,333.33 + $12,000

= $202,000 shares

The 4 months are calculated from January 1 to May 1, 2015

And, the 8 months are calculated from May 1 to December 31

Answer:

Explanation: Employers have generally always found methods to monitor their employees. As software and tech advancements continue at break-neck speeds, employee monitoring is changing.

Software and tech platforms are being used to gather information on employees. Artificial Intelligence and Machine Learning (AI/ML) technologies used in these platforms are able to measure and analyze workforce performance. The use of data related to employees is referred to as Human Resource Analytics (HRA), or people analytics. There are many reasons to monitor employee behavior at work. For smaller businesses, the main reason for employee monitoring is to make sure that there is no unethical or illegal activity in the workplace while ensuring that technology provided is being used for the purpose it was intended. Practicing ethical employee monitoring reduces many unethical and illegal behaviors that cause small businesses to lose money. Monitoring encourages employees that would otherwise act immorally to act in an expected manner.Sometimes, there is more than enough stress at work. Employees may have to meet tight deadlines, deal with coworkers, and change work habit or style due to leadership changes. The constant monitoring of employee activities creates even more stress. If surveillance is felt to be a form of spying by employees, they will develop a feeling of mistrust from their employer. This feeling of being constantly watched will more than likely create an uncomfortable work environment and likely to decline performance .

Final answer:

Increasing the frequency of monitoring clerical staff is unlikely to improve productivity if it has declined by 30 percent. The office manager should investigate other factors impacting productivity, such as work environment, staff morale, and the manager’s supervisory style. Measurement of productivity can extend beyond output per hour to include metrics like customer satisfaction and error rates.

Explanation:

If an office manager is experiencing a 30 percent decline in productivity despite regularly monitoring clerical staff, it might not be beneficial to invest more time in the same method of monitoring. The declining productivity could be related to various factors, such as the manager's work style or the staff morale, not solely the amount of supervision. Studies have shown that human interaction factors, like the supervisorial style, can have a significant impact on productivity.

Instead of more frequent checks, the manager should consider assessing the root causes of the productivity issues. These might include a need for better training, more efficient work processes, improvements in work environment, or adjustments in staff levels if the problem is akin to diminishing marginal productivity due to fixed capital, as explained earlier.

Furthermore, productivity can be measured in other ways than output per hour, such as customer satisfaction, error rates, and the achievement of company-specific goals. It’s also crucial for a manager to be transparent with the team and understand their needs and feedback. This holistic approach can bring about better long-term improvements than simply increasing monitoring frequency.

Answer: $2,175,000

Explanation:

Given that,

short-term debt it expects = $3,080,000

sale of common stock = 87000 shares

stock sold = $25 per share

Short-term debt could be excluded from current liabilities = 87,000 shares × $25 per share

= $2,175,000

Therefore, the amount $2,175,000 of short term debt have to be excluded from current liabilities.

Answer:

The demand and supply curve will both shift to the right.

The change in price is ambiguous.

The quantity will increase.

Explanation:

As the government provides subsidies to zero-emission vehicles. The cost of production for such vehicles producing firms will decline. This will cause an increase in supply as the firms will be able to produce more at the same cost. This will cause an increase in supply shown by a rightward shift in the supply curve.  

As there is a higher priority among households to reduce their environmental impact. They will demand more of these vehicles. This will cause an increase in demand indicated by a rightward shift in the demand curve.  

The rightward shifts in both demand and supply curve will cause an increase in the equilibrium quantity of the commodity.  

The change in price level depends upon the extent of the increase in demand and supply.

The demand and the supply for zero-emissions electric vehicles will both shift right due to federal funding for low-cost battery development and households' environmental priorities. This results in an ambiguous effect on equilibrium price but generally leads to an increase in equilibrium quantity.

Considering the market for zero-emissions electric vehicles with an upward-sloping supply curve and a downward-sloping demand curve, the influx of federal funding targeted at developing low-cost batteries for electric cars would likely increase the supply of these vehicles, shifting the supply curve to the right. Concurrently, as American households prioritize minimizing their environmental impact, the demand for zero-emissions electric vehicles will increase, hence the demand will shift to the right.

As both the demand and the supply curves shift to the right, the effect on equilibrium price is ambiguous without further information about the magnitude of the shifts. However, the increase in both supply and demand generally leads to a higher equilibrium quantity, provided the shifts are of similar scales.

Answer:

Explanation:

The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.  

And, the balance sheet comprises of the assets and liabilities. With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The preparation of the statement of stockholders’ equity and the balance sheet is presented in the spreadsheet. Kindly find the attachment below:

Answer:

predetermined manufacturing overhead rate  $1.23

Explanation:

[tex]\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate[/tex]

We will distribute the expected overhead cost along a cost driver.

In this case we are asked to use direct labor cost:

estimated overhead 270,300

estimated labor         219,800

overhead rate = 270,300 / 219,800 = 1,229754 = 1.23

Answer:

D. $137,600 $38,400

Explanation:

As for the provided information, we have,

Total capital = $230,000

1/5th of this capital = $230,000/5 = $46,000

therefore, goodwill not recorded = $50,000 - $46,000 = $4,000

For this capital of Jacob and Katy will be debited.

Jacob = $4,000 [tex]\times[/tex] 3/5 = $2,400

Kathy =  $4,000 [tex]\times[/tex] 2/5 = $1,600

Therefore, capital balances of Jacob and Kathy shall be:

Jacob = $140,000 - $2,400 = $137,600

Kathy = $40,000 - $1,600 = $38,400

Answer:

2018: 8 months

Depreciation= $916,67

2019: full year

Depreciation= $1375

Explanation:

Giving the following information:

Taco Hut purchased equipment on May 1, 2018.

Price:  $15,000.

Residual value: $4,000

Useful life: 8 year

We need to calculate the depreciation for 2018 and 2019 using straight-line method:

Depreciation= (purchase price- residual value)/useful life

Depreciation= (15000-4000)/8= $1375

2018: 8 months

Depreciation=(1375/12)*8= 916,67

2019: full year

Depreciation= $1375

Answer:

a. 7,900

b. 10,100

Explanation:

As for the provided information,

We know at break even point taxes shall be = 0 as there are no profits and no losses.

a. At break even: = [tex]\frac{Fixed\ Cost}{Contribution}[/tex]

Fixed Cost = $308,100

Contribution per unit = Selling price - Variable cost = $79 - $40 = $39

Therefore, break even units = [tex]\frac{308,100}{39} = 7,900 smokers[/tex]

b. In case the company wants a profit of $51,480 after tax @ 40% then,

Earnings before taxes = [tex]\frac{51,480}{1 - 0.4}[/tex] = $85,800

Therefore, number of units = [tex]\frac{Fixed\ Cost + Profit\ before\ tax}{Contribution\ per\ unit}[/tex]

= [tex]\frac{308,100 + 85,800}{39}[/tex] = 10,100