Molly is a 30% partner in the MAP Partnership. During the current tax year, the partnership reported ordinary income of $200,000 before any permitted deduction for guaranteed payments and distributions to partners. The partnership made an ordinary cash distribution of $20,000 to Molly and made guaranteed payments to partners Molly, Amber, and Pat of $20,000 each ($60,000 total guaranteed payments). How much will Molly's adjusted gross income increase as a result of these items

Answers

Answer 1

Answer:

$62,000

Explanation:

The partnership had a total ordinary income of $200,000. Then guaranteed payments were made to its three partners Molly, Amber and Pat of $20,000 each $20,000 x 3 = $60,000.

$200,000 - 60000

= $140,000

So the partnership adjusted income is reduced to $140,000, out of that amount, 30% belongs to Molly.

30/100 × 140,000

= $42,000

Molly's share of the partnership adjusted income is $42,000.

Molly's total earnings from the partnership are $62,000

= $20,000 + $42,000

= $62,000


Related Questions

Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $53,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost her to buy such an annuity today

Answers

Answer:

Present Value= $641,494.12

Explanation:

Giving the following information:

Cash flow= $53,000 per year

Number of years= 30 years

Interest rate= 7.25%

First, we need to calculate the final value of the annuity:

FV= {A*[(1+i)^n-1]}/i

A= annual flow

FV= {53,000*[(1.0725^30)-1]} / 0.0725

FV= $5,237,351.32

Now, we can determine the present value:

PV= FV/(1+i)^n

PV= 5,237,351.32/ (1.0725^30)

PV= $641,494.12

Suppose that output (Y ) in an economy is given by the following aggregate production function: Yt = Kt + Nt where Kt is capital and Nt is the population. Furthermore, assume that capital depreciates at rate δ and that savings is a constant proportion s of income. You may assume that δ > s. 1. Suppose that the population remains constant. Solve for the steady-state level of capital per worker. 2. Now suppose that the population grows at rate n. Solve for the steady-state level of capital per worker. 3. Based on your answer to part 2) above, solve for the steady-state growth rates (in terms of n) of the following: (a) capital per worker (b) output per worker (c) capital (d) output

Answers

Answer:

Check the explanation

Explanation:

Yt = Kt + Nt

Taking output per worker, we divide by Nt

Yt/Nt = Kt/Nt + 1

yt = kt + 1

where yt is output per worker and kt is capital per worker.

a) With population being constant, savings rate s and depreciation rate δ.

ΔKt = It - δKt

dividing by Nt, we get

ΔKt/Nt = It/Nt - δKt/Nt ..... [1]

for kt = Kt/Nt, taking derivative

d(kt)/dt = d(Kt/Nt)/dt ... since Nt is a constant, we have

d(kt)/dt = d(Kt/Nt)/dt = (dKt/dt)/Nt = ΔKt/Nt = It/Nt - δKt/Nt = it - δkt

thus, Capital accumulation Δkt = i – δkt

In steady state, Δkt = 0

That is I – δkt = 0

S = I means that I = s.yt

Thus, s.yt – δkt = 0

Then kt* = s/δ(yt) = s(kt+1)/(δ )

kt*= skt/(δ) + s/(δ)

kt* - skt*/(δ) = s/(δ)

kt*(1- s/(δ) = s/(δ)

kt*((δ - s)/(δ) = s/(δ)

kt*(δ-s)) = s

kt* = s/(δ -s)

capital per worker is given by kt*

b) with population growth rate of n,

d(kt)/dt = d(Kt/Nt)/dt =

= [tex]\frac{\frac{dKt}{dt}Nt - \frac{dNt}{dt}Kt}{N^{2}t}[/tex]

= [tex]\frac{dKt/dt}{Nt} - \frac{dNt/dt}{Nt}.\frac{Kt}{Nt}[/tex]

= ΔKt/Nt - n.kt

because (dNt/dt)/Nt = growth rate of population = n and Kt/Nt = kt (capital per worker)

so, d(kt)/dt = ΔKt/Nt - n.kt

Δkt = ΔKt/Nt - n.kt = It/Nt - δKt/Nt - n.kt ......(from [1])

Δkt = it - δkt - n.kt

at steady state Δkt = it - δkt - n.kt = 0

s.yt - (δ + n)kt = 0........... since it = s.yt

kt* = s.yt/(δ + n) =s(kt+1)/(δ + n)

kt*= skt/(δ + n) + s/(δ + n)

kt* - skt*/(δ + n) = s/(δ + n)

kt*(1- s/(δ + n)) = s/(δ + n)

kt*((δ + n - s)/(δ + n)) = s/(δ + n)

kt*(δ + n -s)) = s

kt* = s/(δ + n -s)

.... is the steady state level of capital per worker with population growth rate of n.

3. a) capital per worker. in steady state Δkt = 0 therefore, growth rate of kt is zero

b) output per worker, yt = kt + 1

g(yt) = g(kt) = 0

since capital per worker is not growing, output per worker also does not grow.

c)capital.

kt* = s/(δ + n -s)

Kt*/Nt = s/(δ + n -s)

Kt* = sNt/(δ + n -s)

taking derivative with respect to t.

d(Kt*)/dt = s/(δ + n -s). dNt/dt

(dNt/dt)/N =n (population growth rate)

so dNt/dt = n.Nt

d(Kt*)/dt = s/(δ + n -s).n.Nt

dividing by Kt*

(d(Kt*)/dt)/Kt* = s/(δ + n -s).n.Nt/Kt* = sn/(δ + n -s). (Nt/Kt)

[tex]\frac{sn}{\delta +n-s}.\frac{Nt}{Kt}[/tex]

using K/N = k

[tex]\frac{s}{\delta +n-s}.\frac{n}{kt}[/tex]

plugging the value of kt*

[tex]\frac{sn}{\delta +n-s}.\frac{(\delta + n -s)}{s}[/tex]

n

thus, Capital K grows at rate n

d) Yt = Kt + Nt

dYt/dt = dKt/dt + dNt/dt = s/(δ + n -s).n.Nt + n.Nt

using d(Kt*)/dt = s/(δ + n -s).n.Nt from previous part and that (dNt/dt)/N =n

dYt/dt = n.Nt(s/(δ + n -s) + 1) = n.Nt(s+ δ + n -s)/(δ + n -s) = n.Nt((δ + n)/(δ + n -s)

dYt/dt = n.Nt((δ + n)/(δ + n -s)

dividing by Yt

g(Yt) = n.(δ + n)/(δ + n -s).Nt/Yt

since Yt/Nt = yt

g(Yt) = n.(δ + n)/(δ + n -s) (1/yt)

at kt* = s/(δ + n -s), yt* = kt* + 1

so yt* = s/(δ + n -s) + 1 = (s + δ + n -s)/(δ + n -s) = (δ + n)/(δ + n -s)

thus, g(Yt) = n.(δ + n)/(δ + n -s) (1/yt) =  n.(δ + n)/(δ + n -s) ((δ + n -s)/(δ + n)) = n

therefore, in steady state Yt grows at rate n.

HI Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every year of its 5-year useful life. The machine will cost $211,980 and has no salvage value. The machine has a 14% internal rate of return. (Ignore income taxes.) Click here to view Exhibit 13B-1 and Exhibit 13B-2 to determine the appropriate discount factor(s) using the tables provided. Required: What are the annual cost savings promised by the machine? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

Answers

Answer:

Annual savings = 61,746.

Explanation:

The Net Present Value (NPV) is the difference between the present value (PV) of cash outflows  and PV of cash inflow

At the internal rate of return the PC of annual cash savings will be equal to the investment cost

Initial cost = 211980

PV = annual cash savings = A× (1- (1+r)^(-n)/ r

A=?  r-internal rate of return, 14%, n-number of years- 5

211980 = A  (1- (1.14)^(-5)/ 0.14

211,980 = A× 3.433080969

A= 211,980/3.43308

A= 61746.28619

Annual savings = 61,746.

11. a. Suppose David spends his income M on goods x1 and x2, which are priced p1 and p2, respectively. David’s preference is given by the utility function
(1, 2) = √1 + √2.
(i) Derive the Marshallian (ordinary) demand functions for x1 and x2. (25 marks)
(ii) Show that the sum of all income and (own and cross) price elasticity of demand
for x1 is equal to zero. (25 marks) b. For Jimmy both current and future consumption are normal goods. He has strictly convex and strictly monotonic preferences. The initial real interest rate is positive. If the real interest rate falls, in each of the following cases, argue what will happen to his period 2 consumption level? Clearly illustrate your argument on a graph.
(i) He is initially a borrower. (25 marks)
(ii) He is initially a lender. (25 marks)

Answers

Answer:

Explanation:

D

Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $183,000 with terms of 4/15, n/45. Payment was made within the discount period. Shipping costs were $4,300, which included $270 for insurance in transit. Installation costs totaled $12,900, which included $3,700 for taking out a section of a wall and rebuilding it because the press was too large for the doorway. The capitalized cost of the 10-ton draw press is: Multiple Choice $192,880. $190,880. $196,380. $197,880.

Answers

Answer:

$192,880

Explanation:

According to the scenario, computation of the given data are as follow:-

Cost of 10-ton draw press is $183,000 and if the cost paid before 15 days, there will be a 4% discount.

Discount Value is

= Cost of Draw Press × Discount Rate

= $183,000 × 4%

= $7,320

Total Capitalized Amount is

= (Total Cost of Draw Press - Discount Value) + Shipping Cost + Installation Cost

= ($183,000 - $7,320) + $4,300 + $12,900

= $175,680 + $4,300 + $12,900

= $192,880

According to the analysis, the capitalized cost of the 10-ton draw press is $192,880.  

Because any cost which incurred for using an asset should be capitalized.

 

elb Company currently manufactures 50,000 units per year of a key component for its manufacturing process. Variable costs are $2.95 per unit, fixed costs related to making this component are $67,000 per year, and allocated fixed costs are $61,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.90 per unit. Calculate the total incremental cost of making 50,000 units and buying 50,000 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier

Answers

Answer: Please refer to Explanation

Explanation:

Incremental Cost of Making Product

Variable costs are $2.95 per unit and 50,000 units are to be made. Total Variable Cost is therefore,

= 2.95 * 50,000

= $147,500

Fixed costs associated with the production are$ 67,000 so added tl the variable costs is,

= 147,500 + 67,000

= $214,500

$214,500 is the cost making the product.

Cost of Buying Product

Component can be bought for $3.90 per unit. 50,000 units to be bought gives,

= 50,000 * 3.9

= $195,000

Cost of buying is $195,000

Decision

Company should buy the component as it spends less in buying it than I making it.

Note - Allocated fixed costs were not included in calculation because they will be there regardless of the decision. Hence the term, incremental costs.

Answer:

elb Company

a) Incremental Cost of making 50,000 units:

Variable costs = $2.95 x 50,000 = $147,500

Avoidable fixed costs = $67,000

Total = $214,500

b) Incremental Cost of buying 50,000

Buy-in costs =- $3.90 x 50,000 = $195,000

c) The company should buy this component from the outside supplier.

Explanation:

In make or buy decisions, only variable and avoidable costs are taken into consideration.  Unavoidable fixed costs are sunk costs which must be incurred irrespective of the choice made.

Therefore, the unavoidable allocated fixed costs of $61,500 should not be taken into consideration.  Afterall, no matter the decision, it would still be incurred and allocated.

Southern Rim Parts estimates its manufacturing overhead to be $318,000 and its direct labor costs to be $1,060,000 for year 1. The first three jobs that Southern Rim worked on had actual direct labor costs of $65,000 for Job 301, $90,000 for Job 302, and $175,000 for Job 303. For the year, actual manufacturing overhead was $399,000 and total direct labor cost was $834,000. Manufacturing overhead is applied to jobs on the basis of direct labor costs using predetermined rates.Required:a. How much overhead was assigned to each of the three jobs, 301, 302, and 303?b. What was the over- or underapplied manufacturing overhead for year 1?

Answers

Answer:

a. Job 301 = $19,500

Job 302 = $27,000

Job 303 = $52,500

b. Overhead applied for the year = $250,200

Under-applied overhead = $148,800

Explanation:

a. The computation of overhead was assigned to each of the three jobs, 301, 302, and 303 is shown below:-

Overhead application rate = Budgeted Overhead ÷ Application Base

Application base = Budgeted Overhead ÷ Budgeted Direct Labor costs

= $318,000 ÷ $1,060,000

= 0.3

Overhead assignment to jobs = Budgeted rate × Labor Cost

Job 301

= 0.3 × $65,000

= $19,500

Job 302

= 0.3 × $90,000

= $27,000

Job 303

= 0.3 × $175,000

= $52,500

b. The computation of over- or underapplied manufacturing overhead for year 1 is shown below:-

Overhead applied for the year = Total direct labor cost × Overhead rate

= $834,000 × 0.3

= $250,200

Under-applied overhead = Actual overhead - Applied overhead

= $399,000 - $250,200

= $148,800

The capital accounts of Heidi and Moss have balances of $90,000 and $65,000, respectively, on January 1, the beginning of the current fiscal year. On April 10, Heidi invested an additional $8,000. During the year, Heidi and Moss withdrew $40,000 and $32,000, respectively. Revenues were $540,000 and expenses were $420,000 for the year. The articles of partnership make no reference to the division of net income. Required: 1. Prepare a statement of partners' equity for the partnership of Heidi and Moss. If an amount box does not require an entry, leave it blank. Enter all amounts as positive numbers. Heidi and Moss Statement of Partners' Equity For the Year Ended December 31 Heidi Moss Total Capital, January 1 $ 90,000 $ 65,000 $ 155,000 Net income for the year 60,000 60,000 120,000 $ $ $ $ $ $ Withdrawals during the year Capital, December 31 $ 118,000 $ 93,000 $ 211,000 2. Journalize the entries to: Close the revenue and expenses account. Close the drawing accounts. If an amount box does not require an entry, leave it blank. a. Revenues 540,000 Heidi, Capital 540,000 Moss, Capital 420,000 Heidi, Capital 40,000 Moss, Capital Moss, Drawing b. Heidi, Capital 40,000 Moss, Capital 32,000 Heidi, Drawing 40,000 Moss, Drawing 32,000

Answers

Answer:

The statement and journal are attached

Explanation:

The following units of an item were available for sale during the year: Beginning inventory 8,100 units at $180 Sale 5,300 units at $300 First purchase 15,000 units at $185 Sale 13,000 units at $300 Second purchase 16,000 units at $192 Sale 14,000 units at $300 The firm uses the perpetual inventory system, and there are 6,800 units of the item on hand at the end of the year. a. What is the total cost of the ending inventory according to FIFO? $ b. What is the total cost of the ending inventory according to LIFO?

Answers

Answer:

a. $1,305,600

b. $1,258,000

Explanation:

FIFO - Assumes that the first goods received by the business will be first ones to be delivered to the final customer

FIFO Inventory =  6,800 units × $ 192 =  $1,305,600

LIFO - Assumes that the last goods purchased are the first ones to be issued to the final customer

LIFO Inventory = 2,800 units  × $180   = $ 504,000

                            2,000 units × $185   =  $ 370,000

                            2,000 units × $ 192  =  $ 384,000

                            Total                          = $1,258,000

Which of the following scenarios are potential candidates for the Chi-square test? Check all that apply. Group of answer choices Is there a relationship between gender and pet ownership? Is there a relationship between martial status (single, married, divorced, widowed) and political party affiliation (Democrat, Independent, Republican)? Is there a relationship between amount of credit card debt and employment status (unemployed, employed part-time, employed full-time)?

Answers

Answer:

A. Is there a relationship between gender and pet ownership?

B. Is there a relationship between marital status (single, married, divorced, widowed) and political party affiliation (Democrat, Independent, Republican)?

Explanation:

The chi squared test is a test in statistics used to establish the relationship between categorical variables. It seeks to compare the observed results in an experiment to the expected results. The test assumes that the variables being compared are independent of each other.

Categorical variables are descriptive and qualitative in nature. Numerical variables, on the other hand, deal with numbers. The amount of credit card debt is a numerical value, and therefore, does not qualify as a chi squared variable.

The three service departments (indirect costs) are payroll, sales supervision and maintenance. The actual costs of these service departments are as follows:

Payroll Sales Supervision Maintenance
Salaries and wages $41,000 $80,000 $52,000
Office supplies $3,500 $1,600 $400
Supplies 0 $2,400 $7,500

The two operating departments and their statistics are as follows:

Square Footage Number of Employees Net Assets
Machining 14,500 78 $ 420,000
Assembly 46,000 42 280,000

If you allocate payroll department costs by number of employees then how much payroll cost is allocated to the Machining Department?

Answers

Answer:

$26,700

Explanation:

The solution of allocation of cost to machining department is provided below:-

First we need to find out the total payroll cost and total number of employees to reach the allocation of cost to machining department which is here below:-

Total Payroll costs = Payroll of salaries and wages + Payroll of office supplies

= $41,000 + $3,500

= $44,500

Total Number of employees = Machining number of employees + Assembly number of employees

= 78 + 52

= 130

Allocation of cost to Machining Department = Total Payroll costs ÷ Total Number of employees × Machining number of employees

= 44,500 ÷ 130 × 78

= $26,700

To reach allocation of cost to machining department we simply put the values into formula.

We can consider the case where wine producers in Chile ask the government to tax imported wines from France with a tax. They consider that this tax would increase both the State's tax revenue and employment in the Chilean wine industry. What kind of economic argument is this in relation to international trade? Do you agree or not with the argument presented by wine producers in Chile? If the state government adopts this position, does it consider it to be good economic policy or not? Briefly explain your answers using the concepts of international trade discussed in your Textbook.

Answers

Answer:

If the Government executes taxes on lavender trade from France (therefore creating French wine beloved than national wine), the local wine manufacturers would take pleasure in such a strategy because it would create French wine much economical (since it'll value extra) and therefore doubtless growth in local wine drinking. This might additional because additional service chances within the national wine region and conjointly rise the Government's government revenue (income from taxes on the wine trade). Such a procedure is hidden wanting i.e. an advocate procedure in expressions of Global trade wherever the govt. is protective the benefits of the native wine manufacturers by heavy imports.

If the Chilean wine trade isn't terribly inexpensive in relations of value, feature etc. and remains at an emergent phase then it's vital to safeguard the local trade from global competition.

A translation adjustment (or translation gain) that is a consequence of translation of a functional currency that is different from the reporting currency should be:_______.
A. Included in net income in the period in which it occurs.
B. Deferred and amortized over a period not to exceed 40 years.
C. Deferred until a subsequent year when a loss occurs and offset it against that loss.
D. Included as a separate item in the equity section of the balance sheet.

Answers

Answer:

d

Explanation:

wild guess

The following account balances are taken from the December 31, 2018, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising Revenue $ 58,322 Cash 51,907 Accounts Receivable 8,426 Interest Expense 2,530 Accounts Payable 5,500 Operating Expenses 47,241 Deferred Revenue 1,476 Equipment 22,746 Income Tax Expense 2,916 The following activities occurred in 2019: Performed advertising services on account, $69,000. Received cash payments on account, $13,400. Received deposits from customers for advertising services to be performed in 2020, $4,500. Made payments to suppliers on account, $5,500. Incurred $56,450 of operating expenses; $48,950 was paid in cash and $7,500 was on account and unpaid as of the end of the year. What is the balance of Accounts Receivable at December 31, 2019

Answers

Answer:

Check the explanation

Explanation:

Particulars                                                      Amt

Opening Cash                                               51907

Add: Cash Received (13400+4500)            17900

Less: Payment to supplier                            5500

Less: Operating Expenses Paid                   48950

Closing Cash Balance                                  15357

To encourage employee ownership of the company's common shares, KL Corp. permits any of its employees to buy shares directly from the company through payroll deduction. There are no brokerage fees and shares can be purchased at a 12% discount. During May, employees purchased 10,000 shares at a time when the market price of the shares on the New York Stock Exchange was $12 per share. KL will record compensation expense associated with the May purchases of:

Answers

Answer:

Dr Cash 105,600

Dr Compensation Expense 14,400

Cr Common Stock 10,000

Cr Paid-In Capital – Excess of Par 110,000

Explanation:

KL Corp Journal entry

Dr Cash 105,600

Dr Compensation Expense 14,400 (10,000*12*12%)

Cr Common Stock 10,000 (10,000*1)

Cr Paid-In Capital – Excess of Par 110,000

(10,000*(12-1))

The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials $ 16,000 Indirect labor 140,000 Property taxes, factory 9,000 Utilities, factory 80,000 Depreciation, factory 251,500 Insurance, factory 11,000 Total actual manufacturing overhead costs incurred $ 507,500 Other costs incurred: Purchases of raw materials (both direct and indirect) $ 410,000 Direct labor cost $ 70,000 Inventories: Raw materials, beginning $ 21,000 Raw materials, ending $ 31,000 Work in process, beginning $ 41,000 Work in process, ending $ 71,000 The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. A total of 20,700 machine-hours were used during the year. Required: 1. Compute the amount of underapplied or overapplied overhead cost for the year. 2. Prepare a schedule of cost of goods manufactured for the year.

Answers

Answer and Explanation:

The computation of given question is shown  below:-

The difference between the actual accumulated manufacturing overhead and the applied overhead measured on the basis of actual activity carried out at standard cost is the overhead expense under or over applied.

When applied overheads, the overheads are considered underapplied less than the actual overhead.

When overheads are applied, the overheads are considered overapplied higher than the real overhead.

So, we need to compute the applied overhead to find out the under or over applied overhead.

Applied Manufacturing Overhead = Total Machine Hours actually recorded × Predetermined Overhead Rate

= 20,700 MHs × $25

= $517,500

As we can see that the applied overheads are greater than the actual incurred overhead, so, Overheads are overapplied.

Over-Applied Overhead Cost = Applied Overhead – Actual Overhead

= 517,500 – 507,500

= $10,000

2. The preparation of schedule of cost of goods manufactured for the year is shown below:-

Chang Company

Schedule of Cost of Goods Manufactured

Direct materials:

Raw material, beginning           $21,000

Raw material, purchases

(excluding indirect material  

($410,000 - $16,000)               $394,000

Raw materials available

for use                                        $415,000

Less: Raw materials, ending    ($31,000)

Raw materials use

in production                             $799,000

Add: Direct labor cost                $70,000

Add: Applied Manufacturing

Overhead

(20,700 MHs × $25)                 $517,500

Total manufacturing costs        $1,386,500

Add: Work in process,

beginning                                   $41,000

Less: Work in process, ending  ($71,000)

Cost of goods manufactured   $1,356,500

How are foreign exchange rates determined

Answers

Answer:

Currency prices can be determined in two main ways: a floating rate or a fixed rate. A floating rate is determined by the open market through supply and demand on global currency markets. ... 5 Therefore, most exchange rates are not set but are determined by on-going trading activity in the world's currency markets.

Answer: market forces for. a p e x

Explanation:

just did that bro

You should meet with your academic adviser at least once a __________.
Group of answer choices

Answers

Answer:

Once a Semester

Explanation:

Advisors can help you decide if you want to minor in something, and what the requirements are. They can ensure you're odds of graduating in four years is on track, or give you special permissions to take certain classes.

A Company manufactures coffee tables. The Company has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month: Output units 30,000 tables Machine-hours 6000 hours Direct manufacturing labor-hours 10,000 hours Direct materials per unit $50 Direct manufacturing labor per hour $12.00 Variable manufacturing overhead costs $322,500 Fixed manufacturing overhead costs $1,200,000 Product and process design costs $600,000 Marketing and distribution costs $1,290,000 For long-run pricing of the coffee tables, what price will most likely be used by the Company

Answers

Answer:

$201.30

Explanation:

Direct materials = $50

Total Direct manufacturing labor =  $12.00 * 10,000 = $120,000

Variable manufacturing overhead costs = $322,500

Fixed manufacturing overhead costs = $1,200,000

Product and process design costs = $600,000

Marketing and distribution costs = $1,290,000

Total cost apart from direct material = $120,000 + $322,500 + $1,200,000 + $600,000 + $1,290,000 = $3,532,500

Cost per unit apart from direct material = $3,532,500 / 30,000 = $117.75

Total cost per unit = $117.75 + $50 = $167.75

Mark up per unit = $167.75 * 20% = $33.55

Price per unit = $167.75 + $33.55 = $201.30

Answer: $201.30

Explanation:

To solve this all the expenses incurred per unit need to be included in the unit.

Direct Materials $50

Direct Manufacturing Labour Hours per unit

= (10,000/30,000 units) * 12 (direct Manufacturing Labour per hour)

= $4

Variable Manufacturing Overhead Cost

= 322,500/30,000

= $10.75

Fixed manufacturing overhead costs

= 1,200,000/30,000

= $40

Product and process design costs

= 600,000/30,000

= $20

Marketing and distribution costs

= 1,290,000/30,000

= $43

Adding everything up,

= 50 + 4 + 10.75 + 40 + 20 + 43

= $167.75

Company adds 20% to costs so,

= 167.75 * ( 1 + 20%)

= $201.30

Company will most likely sell at $201.30

Present Value of Bonds Payable; Premium Moss Co. issued $100,000 of four-year, 12% bonds, with interest payable semiannually, at a market (effective) interest rate of 9%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Note: Round final answer to the nearest dollar. $ Feedback Remember, the selling price of a bond is the sum of the present values of: the face amount of the bonds due at the maturity date and the periodic interest to be paid on the bonds. The market rate of interest is used to compute the present value of both the face amount and the periodic interest.

Answers

Answer:

The present of value of the bonds payable is $ 109,893.83  

Explanation:

The present value of the bonds payable is the present of semiannual coupon payments as well as the repayment of face value in year 4.

coupon payments =$100,000*12%*6/12=$6,000

Face value receivable in year 4 is $100,000

Find attached spreadsheet detailing the computation of present value

Who has the comparative advantageLOADING... in producing​ oil? A. Norway has a comparative advantage producing oil because its opportunity cost of producing oil is lower. B. Neither country has a comparative advantage producing oil because their opportunity costs of producing oil are equal. C. The United Kingdom has a comparative advantage producing oil because its opportunity cost of producing oil is lower. D. Norway has a comparative advantage producing oil because it can produce more oil. E. The United Kingdom has a comparative advantage producing oil because it can produce more oil.

Answers

Answer:

The answer is option D) Norway has a comparative advantage producing oil because it can produce more oil.

Explanation:

Norway currently produces 1,398 thousand barrels of crude oil per day. At this capacity, it can produce more oil in comparison to United Kingdom that produces 1000 thousand barrels per day.

This statistics gives Norway a comparative advantage over United Kingdom.

Also comparing the consumption rate for both countries with Norway having a population of 5,421,241 which is far less than 66, 650,000 of the United Kingdom, shows that Norway will have enough to cater for her citizens as well as for exports.

Management in Life Annabelle and Bettina share a dorm room. They like each other, but they disagree about how often to clean. Eventually, Annabelle says to Bettina, "I'm afraid that if we clean the room only once a month, we're going to get bugs. Bettina replies, "Maybe, but this physics course is killing me, so I don't have time to clean more often than that." Annabelle and Bettina are engaged in conflict, based on Which of the following outcomes are likely in this situation?
A) Annabelle and Bettina will learn from each other.
B) The roommates will come up with a creative solution.
C) The roommates will stop speaking to each other.
D) Annabelle and Bettina will be angry at each other.

Answers

Answer:

A). Annabelle and Bettina will learn from each other .

B). The roommates will come up with a creative solution."

Explanation:

Anabelle and Bettina are involved in a 'cognitive' conflict as it occurs when they both experience a mental as well as emotional discomfort when they are confronted with the information that challenges their existing ideas or beliefs. The most likely outcomes of this situation would be that they 'both would learn from each other' by accepting each other's point of view and adapting with the new information that would help them 'reach a creative solution' to resolve their conflict over the cleaning of their room. Therefore, options A and B are the correct answers.

Pharoah Corporation had the following activities in 2020. 1. Payment of accounts payable $843,000 4. Collection of note receivable $104,000 2. Issuance of common stock $256,000 5. Issuance of bonds payable $466,000 3. Payment of dividends $333,000 6. Purchase of treasury stock $45,000 Compute the amount Pharoah should report as net cash provided (used) by financing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Answers

Answer:

The amount Pharoah should report as net cash provided (used) by financing activities in its 2020 statement of cash flows is $344,000.

Explanation:

Pharoah Corporation

Statement of cash flows (extract)

Proceeds from common stock                $256,000

Proceed from bond payable                    $466,000

Dividend paid                                           ($333,000)

Purchase of treasury stock                        ($45,000)

Net cash flows from financing activities    $344,000

Note that the payment of accounts payable and collection of notes receivable only affect the operating activities section of the cash flows.

On March 15, American Eagle declares a quarterly cash dividend of $0.045 per share payable on April 13 to all stockholders of record on March 30.

Required:

Record American Eagle's declaration and payment of cash dividends for its 226 million shares. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. $5.5 should be entered as 5,500,000).)

Answers

Answer and Explanation:

The journal entries are shown below:

On March 15

Dividend Dr $10,170,000  (226 million shares × $0.045 per share)

     To Dividend payable $10,170,000

(Being the dividend is declared)

For recording this we debited the dividend as it increased the balance of dividend and credited the dividend payable as it increased the liabilities

On March 30

No journal entry is required for recording of dividend

On April 13

Dividend payable $10,170,000

     To cash $10,170,000

For recording this we debited the dividend payable as it decreased the liabilities and credited the cash as it reduced the assets

(Being the dividend payable is recorded)

Samco signed a 5​-year note payable on January​ 1, 2018​, of $ 475 comma 000. The note requires annual principal payments each December 31 of $ 95 comma 000 plus interest at 9​%. The entry to record the annual payment on December​ 31, 2021​, includes A. a debit to Interest Expense for $ 17 comma 100. B. a debit to Interest Expense for $ 42 comma 750. C. a credit to Cash of $ 137 comma 750. D. a credit to Notes Payable for $ 95 comma 000.

Answers

Answer:

Option A, a debit to Interest Expense for $ 17 comma 100 is correct

Explanation:

The principal amount on 1st January 2021 needs to be established since that would be the amount left after 2018,2019,2020 principals have been repaid

Principal at 1st January 2021=$475,000-($95,000*3)=$190000

Interest on principal in 2021=$190000 *9%=$17100

Total repayment in 2021=principal plus interest=$95,000+$17,100=$ 112,100.00  

The $95,000 would be a debit to notes payable not credit hence option is wrong.

Only option A,a debit of $17,100 to interest expense is correct

Bass Accounting Services expects its accountants to work a total of 26 comma 000 direct labor hours per year. The​ company's estimated total indirect costs are $ 390 comma 000. The company uses direct labor hours as the allocation base for indirect costs. What is the indirect cost allocation​ rate? A. $ 18.00 per hour B. $ 30.00 per hour C. $ 15.00 per hour D. $ 150.00 per hour

Answers

Answer:

C) $ 15.00 per hour

Explanation:

total labor hours 26,000 per year

total indirect costs $390,000

if the company allocates indirect costs according to labor hours employed, the cost allocation rate should be:

$390,000 / 26,000 = $15 per direct labor hour

This means that for every labor hour employed, $15 will be allocated as indirect costs, e.g. a client requires 50 labor hours per year and $750 (= 50 x $15) in indirect costs.

Answer:

The correct answer is option (c) $15 per hour

Explanation:

Solution

Recall that:

Expected wok for accountants = 26,000

The company estimated total indirect costs - 390,000

The next step is to find the allocation base cost for indirect cost.

Now,

The indirect labor cost is calculated as follows:

indirect cost allocation​ rate:

= Total indirect costs/Labor hours

= $390,000/26,000

= $15 per hours

Costs of $6,500 were incurred to acquire goods and make them ready for sale. The goods were shipped to the buyer (FOB shipping point) for a cost of $350. Additional necessary costs of $700 were incurred to acquire the goods. No other incentives or discounts were available. What is the buyer’s total cost of merchandise inventory?

Answers

Answer:

Total cost of merchandise inventory = $7,550

Explanation:

The total cost of merchandise inventory, is the sum total of all the costs incurred in the acquisition of the goods, and it is calculated as shown below:

cost of goods = $6,500

cost of shipping = $350

Additional necessary cost = $700

∴ Total cost of merchandise inventory = cost of goods  + cost of shipping + Additional necessary cost

Total cost of merchandise inventory = 6,500 + 350 + 700 = $7,550

Margie Company produces a single product and has provided the following data concerning its most recent month of operations: Selling price $ 88 Units in beginning inventory 0 Units produced 5,200 Units sold 4,900 Units in ending inventory 300 Variable costs per unit: Direct materials $ 12 Direct labor $ 23 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 5 Fixed costs: Fixed manufacturing overhead $ 161,200 Fixed selling and administrative expense $ 63,700 The total contribution margin for the month under variable costing is:

Answers

Answer:

$225,400

Explanation:

The computation of total contribution margin under variable costing is shown below:-

Sales (4900 × $88)                             $431,200

Less:Variable cost  

Direct material (4900 ×  $12)              ($58,800)  

Direct labor (4900 × 23)                    ($112,700)  

Variable manufacturing overhead

(4900 ×  2)                                            ($9,800)  

Variable selling and administrative

expenses (4900 × $5)                         ($24,500)  

Total variable expenses                     ($205,800)

Contribution margin                           $225,400

Therefore the total contribution margin under variable costing is $225,400

Brainliest for anyone if they get this CORRECT.

Answers

Answer:

UR FACE

Explanation:

magic

Answer:

6

Explanation:

Find the percentage for 24% of 25.

That's how I did mine.

• Why has the stock market declined so much?

Answers

We need a passage or something. not just the question

Other Questions
Consider the polynomial: StartFraction x Over 4 EndFraction 2x5 + StartFraction x cubed Over 2 EndFraction + 1 Which polynomial represents the standard form of the original polynomial? StartFraction x cubed Over 2 EndFraction 2x5 + StartFraction x Over 4 EndFraction + 1 2x5 + StartFraction x cubed Over 2 EndFraction + StartFraction x Over 4 EndFraction + 1 2x5 + StartFraction x Over 4 EndFraction + StartFraction x cubed Over 2 EndFraction + 1 1 2x5 + StartFraction x cubed Over 2 EndFraction + StartFraction x Over 4 EndFraction In the middle of a basketball court, the circle has a diameter of 5 feet. IfMrs. Gilbertson's daughter walked around the circle 12 times, how far didshe walk? Use 3.14 for TT. * Q2.Make a prcis (along with a rough draft) of the following passage in no less than 40 words. Write down the word count for your rough draft as well as the prcis and give a suitable title to it.Edison, said the General, how much do you want for your Universal Printer? This was a very important moment. Edison thought that five thousand dollars would be a suitable price, but he was ready to take three thousand or even less.Luckily for him he decided that it might be better to leave the matter to the general and asked him what he thought would be the right price. Would forty thousand dollars suit you? asked the General.Edison was so astonished and excited that he almost felt his heart stop beating. At last he said thoughtfully, yes I think that is fair. All right, said the general, I will have an agreement drawn up; come round in three days and I will give you the money. (Word Count 127) Which ideology promotes allowing private buisnessess to produce goods and services according to the demands of consumers? Write one digit on each side of 73 to make a four digit multiple of 36. How many different solutions does this problem have? Which sentence or sentences have correct parallel structure?The difference between a hurricane, a typhoon, and a cyclone lies in thegeographical area where the storm occurs.The difference between a hurricane, typhoon, and cyclone lies in thegeographical area where the storm occurs. 10. What present does Hagrid buy Harry?Chapter 5 To make a cheese sandwich, what ratio of bread slices to cheese slices do you need?And Try to make a cheese sandwich with two slices of bread and two slices of cheese. What happens?2 answers = 7 points The conclusion of the Mexican-American war raised the stakes in the fight over ___? What are the possible anticodons in the tRNA molecules that carry serine to the ribosome? Calculate the area for the shape above. Round answer to the nearest hundredths What Spanish possession did the untied states purchase under the treaty of Paris Suppose 30% of a population possess a given characteristic. If a random sample of size 1200 is drawn from the population, then the probability that less than 348 possess that characteristic is formula of calcium phosphide Which statement is false? Marginal cost and marginal productivity are inversely related. Marginal cost is the change in a firm's total cost due to a one unit change in output. Costs that are small and unimportant with little impact on profits are called marginal costs. A marginal cost curve will always intersect the average total cost curve at the minimum average total cost. Consider the table. Output 0 1 2 3 4 5 6 7 8 9 10 Total cost 100 110 115 125 140 160 190 230 280 340 420 What is the marginal cost of the fifth unit based on the table? $0 $20 $20 $160 Match the plot events of Count of Monte Cristo by Alexandre Dumas with the appropriate plot elements.expositionrising actionclimaxfalling actionresolutionAfter completing his quest for revenge, Dants does a good deed for his valued friend Maximilian Morrel. He reunites Morrel with a lost lover. This kind act brings great joy to Morrel.Dants feels content after successfully reuniting the two lovers. He sails away to an unknown location, never to be seen again.In prison, Dants learns who set him up and caused his downfall. He soon escapes from prison and sets off on a quest for revenge. He vows to spend his fortune rewarding those who have been kind to him and punishing those who have harmed him. Over time, Dants brings complete devastation upon his enemies, Danglars, Fernand, Caderousse, and Villefort.Edmond Dants is a young, handsome, and talented man. After returning home from a long voyage, he's set to become captain of a ship and also marry his beautiful fiance, Mercds.Dantss perfect life causes three men, Danglars, Fernand, and Caderousse, to feel extremely jealous. They conspire to get Dants jailed for a crime he didn't realize he had committed. Their scheme succeeds when Villefort, the assistant crown prosecutor, realizes he can further his career by playing along. Dants is left to rot in jail. simplify- 5^23 x 5^15 Is a percent increase for 50 to 70 = to the percent decrease from 70 to50 Write the polynomial in standard form. Then name the polynomial based on its degree and number of terms.4x+9 Which student wrote an equation with a solution of x = -8Jenna: -3 ( x - 9 ) = -3Archer: 4 ( 2x - 16 ) = 16bothneitherjenna archer