during year 1, thor lab supplied hospitals with a comprehensive diagnostic kit for $120. at a volume of 80,000 kits, thor had fixed costs of $1,000,000 and a profit before income taxes of $200,000. due to an adverse legal decision, thor's year 2 liability insurance increased by $1,200,000 over year 1. assuming the volume and other costs are unchanged, what should the year 2 price be if thor is to make the same $200,000 profit before income taxes?
Answers
During year 1, Thor Lab supplied hospitals with a comprehensive diagnostic kit for $120. At a volume of 80,000 kits, Thor had fixed costs of $1,000,000 and a profit before income taxes of $200,000.
Due to an adverse legal decision, Thor's year 2 liability insurance increased by $1,200,000 over year 1. Assuming the volume and other costs are unchanged, the year 2 price should be $135 if Thor is to make the same $200,000 profit before income taxes.Profit before income taxes in year 1 = $200,000 Volume = 80,000 kit fixed costs = $1,000,000Year 1 price = $120Year 2 increase in liability insurance = $1,200,000. Year 2 profit before income taxes should be = $200,000.
Using the formula: Profit before income taxes = Revenue – (Fixed Costs + Variable Costs) Rewriting the formula, Revenue = Profit before income taxes + Fixed Costs + Variable CostsTo calculate the variable costs, we subtract the fixed costs and profit from the revenue.
Variable Costs = Revenue – (Fixed Costs + Profit before income taxes)Variable Costs = (80,000 kits × Price) – (Fixed Costs + Profit before income taxes)Since we want to calculate the price, we isolate the variable costs in the formula above.Variable Costs = (80,000 kits × Price) – ($1,000,000 + $200,000) Variable Costs = 80,000 kits × Price – $1,200,000.
The year 2 price is calculated as follows:Profit before income taxes = Revenue – (Fixed Costs + Variable Costs) $200,000 =(80,000 kits × Price) – ($1,000,000 + (80,000 kits × Price – $1,200,000)) $200,000 = (80,000 kits × Price) – ($1,000,000 + 80,000 kits × Price – $1,200,000)$200,000 = 80,000 kits × Price – $800,000 $200,000 + $800,000 = 80,000 kits × Price $1,000,000 = 80,000 kits × PricePrice = $1,000,000/80,000 Price = $12.5 Variable Costs = (80,000 kits × Price) – $1,200,000Variable Costs = (80,000 kits × $12.5) – $1,200,000 Variable Costs = $1,000,000 Revenue = (80,000 kits × $12.5) + $1,000,000Revenue = $2,000,000Price = Revenue/Volume Price = $2,000,000/80,000 Price = $25New price of the comprehensive diagnostic kit for year 2 is $25 and the increase is $5 from $20. However, this is not the answer to the question, asked for the price if Thor is to make the same $200,000 profit before income taxes.
Thus, we need to recalculate the price.Net profit before income taxes in year 2 = $200,000
Revenue = Fixed Costs + Variable Costs + Profit before income taxes. Revenue = $1,000,000 + (80,000 kits × Price – $1,200,000) + $200,000Revenue = $80,000 × Price – $200,000Revenue = $80,000 × Price – $200,000 Price = (Revenue + $200,000)/80,000Price = ($1,000,000 + (80,000 kits × Price) – $1,200,000 + $200,000)/80,000 Price = $800,000/80,000 + $1,000,000/80,000 Price = $10 + $12.5 Price = $22.5.Thus, the year 2 price should be $22.5 if Thor is to make the same $200,000 profit before income taxes.
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Related Questions
The idea of introducing flying cars to Uber’s fleet primarily impacts which target element of change? uber ch 10
Answers
Answer:
the element of change it would affect is methods
Explanation:
what life? and how are you
Answers
Answer:
life is evrthing on earth that is living or requires certain things to live and If you want a lie im awsome.
Most entrepreneurs have similar characteristics, true or false?
Answers
Answer:
true
Explanation:
I entreprent for my mom lol
a company paid $0.74 in cash dividends per share. its earnings per share is $4.46 and its market price per share is $26.75. its dividend yield equals:
Answers
In this case, the company paid $0.74 in cash dividends per share, and its market price per share is $26.75. Therefore, the dividend yield can be 11.05%.
The dividend yield is a financial ratio that measures the annual dividend income per share relative to the market price per share. It is calculated by dividing the annual cash dividend per share by the market price per share and expressing the result as a percentage.
calculated as:
Dividend Yield = (Annual Dividend per Share / Market Price per Share) x 100%
Since the company paid $0.74 in cash dividends per share, the annual dividend per share can be calculated by multiplying the cash dividend per share by the number of dividend payments per year. However, the problem statement does not provide information about the number of dividend payments per year. Assuming that the company pays dividends quarterly (i.e., four times per year), the annual dividend per share would be:
Annual Dividend per Share = 4 x $0.74 = $2.96
Now we can calculate the dividend yield:
Dividend Yield = ($2.96 / $26.75) x 100% = 11.05%
Therefore, the dividend yield of the company is 11.05%.
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based on behavioral characteristics 80% of sales come from 20% of customers.
True
False
Answers
Answer:
true
Explanation:
Production is not complete Until goods
reaches the final Consumer Explain
Answers
Answer:
B. goods reached the final consumer
Multiple-choices
A. goods gets to the wholesaler
B. goods reached the final consumer
C. factors of production are combined
D. goods are ready for transportation
E. wholesalers ask the firms to produce
Explanation:
Like all other businesses, a firm that produces goods for sale is driven by profit motives. The producer's main objective is to make goods that satisfy the customer's need and make profits. For this objective to be met, the producer must find a way of getting the goods to the consumer.
A marketing distribution channel or the distribution channel is the avenue producers use to deliver their products to final consumers. The channel has businesses ranging from distributors, wholesalers to retailers. The retailer is the final trader who sells directly to consumers. It is the consumer that pays the price for the goods, thereby earning the producer their profits.
On January 1,2021 , Casey Corporation exchanged $3,170,000 cash for 100 percent of the outstanding voting stock of Kennedy Corporation. Casey plans to maintain Kennedy as a wholly owned subsidiary with separate legal status and accounting information systems. At the acquisition date, Casey prepared the following fair-value allocation schedule: Immediately after closing the transaction, Casey and Kennedy prepared the following postacquisition balance sheets from their separate financial records (credit balances in parentheses). Prepare an acquisition-date consolidated balance sheet for Casey Corporation and its subsidiary Kennedy Corporation. (For accounts where multiple consolidation entries are required,combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values.)
Answers
To prepare an acquisition-date consolidated balance sheet for Casey Corporation and its subsidiary Kennedy Corporation, the fair-value allocation schedule and postacquisition balance sheets need to be considered. The consolidated balance sheet combines the assets, liabilities, and equity of both companies, reflecting the acquisition as of January 1, 2021.
The acquisition-date consolidated balance sheet combines the individual assets, liabilities, and equity of Casey Corporation and Kennedy Corporation. It reflects the financial position of the consolidated entity after the acquisition. The fair-value allocation schedule provides the necessary information to determine the values of the acquired assets and liabilities.
To prepare the consolidated balance sheet, the fair-value amounts from the allocation schedule need to be added to the respective accounts of Kennedy Corporation. This includes adjusting the values of assets, liabilities, and equity to reflect their fair values at the acquisition date. The postacquisition balance sheets of both companies provide the initial values for Casey Corporation and the subsidiary Kennedy Corporation.
By consolidating the adjusted amounts from both companies, the acquisition-date consolidated balance sheet can be prepared. This balance sheet provides a comprehensive view of the combined assets, liabilities, and equity of the consolidated entity, reflecting the acquisition transaction that took place on January 1, 2021.
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Organizations choosing competitor-oriented approaches to set prices might use which two pricing strategies?
Answers
Organizations choosing competitor-oriented approaches to set prices might use two pricing strategies: price matching and price leadership.
Price matching is a marketing strategy in which a business offers to match or beat the price of a competitor for a particular product or service. This is typically done to attract customers who are comparison shopping and to demonstrate to them that the business is committed to providing the best possible value. Price matching involves setting prices at the same level as competitors, while price leadership involves setting prices slightly higher or lower than competitors to establish a dominant position in the market. Both strategies require an organization to be highly oriented towards their competitors and their pricing strategies.
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When Martin reads a story out loud, he stops to emphasize all important words and even makes funny voices to go along with the story. What element of reading fluency is Martin using?
rate
accuracy
speed
expression
Answers
Answer:
It's expression or on edge D
Explanation:
Answer:
D
Explanation:
good luck :)
A board of directors is elected as a representative of the corporation's: _________
a. top management.
b. stakeholders.
c. shareholders.
d. customers.
Answers
A board of directors is elected as a representative of the corporation's shareholders. Thus, option (c) is correct.
What is corporation?
The term corporation refers to authorized they to act as a single entity run and recognized to the law. The corporation as the doing the social responsibility.
The shareholders are the representative of the board of directors as the corporation's. The shareholder's right to vote and the higher risk of the shares in the corporation.
As a result, the board of directors is elected as a representative of the corporation's shareholders. Therefore, option (c) is correct.
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What kind of warranty is often offered not through the manufacturer but instead through a third party? a. manufacturer’s warranty b. extended warranty c. full warranty d. limited warranty
Answers
Extended warranties are policies that extend the warranty period for consumer goods in excess of what is provided by the manufacturer.
What do you mean by extended warranty?An extended warranty is the service insurance or contract that is offered to any individual apart from the standard warranty as an addition.
It acts as a warranty that can run for a longer period of time than is offered by a third party.
This warrant costs extra besides the normal warranty that is provided for any unpredictable and expensive repairing work.
It provides a warranty to cars, bikes, and many more which can be purchased by the consumer as per their will.
Thus, an extended warranty is a warranty that is often offered not through the manufacturer but instead through a third party.Option B is the correct answer.
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The other person is correct. The answer is B: extended warranty.
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God bless! :D
A college graduate has a Job with a monthly gross pay of 4000. He takes home less than 4000 because
Answers
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than gross pay.
What do you mean by gross pay?Gross pay refers to the amount received by the employee without any tax deductions.
A college graduate has a job with a monthly gross pay of 4000. He takes home less than 4000 because his net pay is lower than the gross pay.
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Analysis of HIM’s influence in the revenue cycle, and the connection of the revenue cycle to financial success at LiveWell.
Assessment of how meeting federal HIPAA requirements in ROI impacts the financial success and challenge of the ROI function.
An overview of practices that an HIM manager takes to maintain a successful budget.
Answers
This directly impacts the financial success of LiveWell by ensuring the organization receives appropriate reimbursement for services rendered. By adhering to HIPAA regulations, LiveWell can build trust with patients, maintain compliance, and avoid costly legal consequences, thus positively impacting its financial success. By actively managing the budget and employing these practices, the HIM manager can help LiveWell maintain financial stability, allocate resources effectively, and optimize financial success.
HIM (Health Information Management) plays a crucial role in the revenue cycle of healthcare organizations like LiveWell. HIM's influence in the revenue cycle can be observed in various stages, including patient registration, documentation and coding, claims submission, and reimbursement processes. Accurate and timely documentation and coding by HIM professionals ensure that the organization can bill for services provided, maximize reimbursement, and minimize claim denials.
Meeting federal HIPAA (Health Insurance Portability and Accountability Act) requirements in ROI (Release of Information) has a significant impact on the financial success and challenge of the ROI function. Compliance with HIPAA regulations ensures patient privacy and security of health information during the release process. Failure to meet these requirements can lead to penalties, legal issues, and damage to the organization's reputation.
To maintain a successful budget, an HIM manager must implement several practices. These include analyzing historical financial data, identifying areas of potential cost savings or revenue generation, setting realistic budget goals, monitoring expenses and revenue on an ongoing basis, and making adjustments as needed. The HIM manager should also collaborate with other departments and stakeholders to gather input, ensure alignment with organizational goals, and address any budgetary challenges.
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in our discussion of the global palm oil supply chain, which one of these companies/organizations/brands was not discussed?
Answers
The palm oil industry involves various stakeholders and efforts to promote sustainability, but it has faced criticism for its impact on the environment and human rights. Monitoring and addressing sustainability issues is crucial.
The palm oil supply chain involves a complex network of actors, including growers, traders, processors, and buyers. Some of the major companies and organizations involved in the palm oil industry include Wilmar International, IOI Corporation, Golden Agri-Resources, Cargill, Unilever, Nestle, and RSPO (Roundtable on Sustainable Palm Oil).
There are also various certifications and standards aimed at promoting sustainability and reducing the environmental impact of palm oil production, such as the RSPO and ISCC (International Sustainability and Carbon Certification). However, despite these efforts, the palm oil industry has been criticized for its impact on deforestation, biodiversity loss, and human rights abuses.
It's important to note that the palm oil industry is constantly evolving, and new companies and organizations may emerge over time. Therefore, it's crucial for stakeholders to continue to monitor and address sustainability issues in the palm oil supply chain.
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What type of relationship do a lawyer and a client have?
A) an administrative relationship
B) a labor relationship
C) an agency relationship
D) a tort relationship
Answers
Answer:
An Agency relationship but it's D on Edge
Explanation:
The type of relationship a lawyer and a client have is an agency relationship. Thus option (C) is correct.
What is an agency?An agency is a business, firm, or organization that provides a specific service. Sometimes but not always the agencies also work on behalf of another group, business, or person.
Some agencies work for the private sector like an advertising agencies, employment agencies, and travel agencies. Some are government agencies for example they are part of the public sector.
The advertising agencies, add agencies, or creative agencies are firms that focus on creating, planning, and handling advertising. In fact, some employment agencies belong to the government; therefore, they may also be in the public sector.
The type of relationship a lawyer and a client have is an agency relationship. Therefore, option (C) is correct.
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Beth needs to multiply the values of two cells in her worksheet. What should she enter into the formula bar?
=CD/D4
=CD+D4
=CD*D4
=(CD)(D4)
Answers
Answer:
C4*D4
must be the correct one but its not mentioned there
Answer:
I would say =(CD)(D4) it makes the most sense
Explanation:
Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:
Estimated total manufacturing overhead at the beginning of the year $481,250
Estimated direct labor-hours at the beginning of the year 35,000 direct labor-hours
Results of operations:
Actual direct labor-hours 40,000 direct labor-hours
Manufacturing overhead:
Indirect labor cost $ 179,000
Other manufacturing overhead costs incurred $ 465,000
Answers
Answer:
The results are below.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 481,250 / 35,000
Predetermined manufacturing overhead rate= $13.75 per direct labor hour
Now, we allocate overhead based on actual hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 13.75*40,000
Allocated MOH= $550,000
Finally, the under/over applied overhead and the closing to cost of goods sold:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 644,000 - 550,000
Underapplied overhead= $94,000
When overhead is underapplied, we need to debit the cost of goods sold.
COGS 94,000
Manufacturing overhead 94,000
Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Cost Pools Activity Measures Overhead Cost Product Z9 Product N0 Total
Labor-related DLHs $ 337,018 7,700 4,300 12,000
Product testing tests 52,247 1,050 1,150 2,200
Order size MHs 477,608 5,300 5,600 10,900
$ 866,873
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:
A. $45.43 per DLH
B. $394.03 per DLH
C. $49.76 per DLH
D. $28.08 per DLH
Answers
Answer:
Option D is correct
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Explanation:
Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.
Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.
Activity rate per driver is calculated as:
Activity overhead for the period / Total cost drivers for the period
Activity rate for the Labor-Related activity cost pool
= Labour related overheads/Total labour hours
= $ 337,018 /12,000 labour hours
= $28.08 per Direct labour hour
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
You are a manager of a u. S. Firm that plans on exporting a product that is designated as a dual use product and you need to have a u. S. Government approval before export can take place. What is the political motive behind this intervention?.
Answers
Government approval before export can take place. To preserve national securityTo is the political motive behind this intervention.
The Agreement Establishing the WTO recognizes the necessity for positive efforts to confirm that developing countries, and particularly people who are least-developed, share within the political motive growth of international trade.
Trade barriers include tariffs (taxes) on imports (and occasionally exports) and non-tariff barriers to trade like import quotas, subsidies to domestic industry, embargoes on trade with particular countries (usually for Perhaps the foremost common political argument for state intervention is that it's necessary for shielding jobs and industries from unfair foreign competition.
Competition is most frequently viewed as unfair when producers in an exporting country are subsidized by their government. Unwanted cultural influence during a nation can cause governments to dam imports that it believes are harmful. The Directorate General of Foreign Trade (DGFT) issued a Notification to the present effect today (Notification Link below).
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in a transitioning economy, why would privatization tend to raise a nation’s overall standard of living?
Answers
Option c) people are more likely to be productive when it benefits them personally.
A transition economy is an economy that is evolving from a command economy to a market economy.
Transition economies have undergone a series of structural transformations aimed at developing market-based institutions.
These include economic liberalization where prices are set by market forces rather than by central planning bodies.
It also removes trade barriers, privatizes state-owned enterprises and resources, reorganizes state-owned enterprises and collectively owned enterprises into enterprises, and creates a financial sector that promotes macroeconomic stability and the movement of private capital.
Used in the former Soviet Union and Eastern Bloc countries of Europe, it has also been applied to some Third World countries, with detailed studies of its economic and social impact.
Transitional processes are usually characterized by changes and creation of institutions, especially private companies.
Changing the role of the state, creating radically different state institutions, promoting private enterprise, markets and independent financial institutions
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Complete question:
In a transitioning economy, why would privatization tend to raise a nations overall standard of living?
a) people are less likely to assume the risks of entrepreneurship
b) it places the means of production in the hands of the government
c) people are more likely to be productive when it benefits them personally
d) it places a nations ruling class in a position to administer the economy efficiently
In the ________, the perfectly competitive firm will react to profits by ________
Answers
In the long run, perfectly competitive firms will react to profits by increasing production.
Firms in a perfectly competitive world earn zero profit in the long run. While firms can earn accounting profits in the long run, they cannot earn economic profits.
In the long run, perfectly competitive firms will react to profits by decreasing production. CORRECT: In the long run, perfectly competitive firms will respond to losses by exiting the market. In the long run, perfectly competitive firms will respond to losses by reducing production.
A perfectly competitive market achieves long‐run equilibrium when all firms are earning zero economic profits and when the number of firms in the market is not changing.
In the long run, profits and losses are eliminated because an infinite number of firms are producing infinitely divisible, homogeneous products. Firms experience no barriers to entry and all consumers have perfect information.
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The management of a chain of restaurants is replacing some menu items. Which economic question are they focusing on?.
Answers
The economic question that management of chain restaurants is focusing on when they replace some menu items is what to produce. Hence, the correct option is (A).
What Are The Three Main Economic Questions?In the modern economy, there are several main questions that entrepreneurs must find solutions to for their businesses to run well. The questions are what to produce, how to produce it, and for whom should we produce it. The economic question answered by the restaurant in question is what to produce, where the restaurant is trying to replace existing food with new food. The main objective of this innovation is to create more attractiveness so that consumers become more interested in visiting the restaurant.
The question is incomplete, but most probably your question was:
The economic question that management of chain restaurants is focusing on when they replace some menu items is
A. What to produce
B. How to produce
C. For whom should we produce
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title vii of the civil rights act of 1964 prohibits hostile work environment sexual harassment and discrimination in employment based on: select answer select answer select answer select answer select answer assessment question when informed of sexual harassment, a supervisor must select answer . in this case, the supervisor select answer take immediate remedial action to stop the harassing conduct. assessment question the fact that the offensive behavior was not directed specifically at nevins select answer prevent her sexual harassment claim. a court select answer likely to find that hostile environment sexual harassment did occur at abkw. assessment question what if the facts were different? assume that abkw had anti-harassment policies and reporting procedures designed to detect and prevent sexual harassment. when abkw supervisors learned of the sexually offensive language permeating the work environment, the behavior was immediately halted and the individuals responsible for the language were punished. supervisors also offered to transfer her to another location in the company and not work with the offenders again. nevins did not report the inappropriate behavior, declined the transfer, and sued abkw anyway. abkw select answer normally be held liable to nevins because it select answer take reasonable care to prevent and promptly correct any sexually harassing behavior and nevins select answer failed to take advantage of preventive or corrective opportunities provided by the employer to avoid harm. assessment question nevins select answer left without recourse. her co-workers select answer be liable for sexual harassment. abkw select answer fire nevins in response to her allegations of sexual harassment in order to maintain workplace civility.
Answers
Title VII of the Civil Rights Act of 1964 prohibits hostile work environment sexual harassment and discrimination in employment based on race, color, religion, sex, or national origin.
What is Civil Rights?Civil rights are the legal and social rights of individuals that ensure equality and fairness. They protect individuals from discrimination based on race, gender, nationality, religion, and other characteristics.
Title VII of the Civil Rights Act of 1964 prohibits hostile work environment sexual harassment and discrimination in employment based on race, color, religion, sex, or national origin.
Assessment Question: When informed of sexual harassment, a supervisor must:
Select Answer: Take immediate remedial action to stop the harassing conduct.
Assessment Question: The fact that the offensive behavior was not directed specifically at Nevins does not:
Select Answer: Prevent her sexual harassment claim. A court is likely to find that hostile environment sexual harassment did occur at ABKW.
Assessment Question: What if the facts were different? Assume that ABKW had anti-harassment policies and reporting procedures designed to detect and prevent sexual harassment. When ABKW supervisors learned of the sexually offensive language permeating the work environment, the behavior was immediately halted and the individuals responsible for the language were punished. Supervisors also offered to transfer her to another location in the company and not work with the offenders again. Nevins did not report the inappropriate behavior, declined the transfer, and sued ABKW anyway. ABKW would:
Select Answer: Normally be held liable to Nevins because it took reasonable care to prevent and promptly correct any sexually harassing behavior and Nevins failed to take advantage of preventive or corrective opportunities provided by the employer to avoid harm.
Assessment Question: Nevins is not left without recourse. Her co-workers can:
Select Answer: Be liable for sexual harassment. ABKW cannot fire Nevins in response to her allegations of sexual harassment in order to maintain workplace civility.
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Mishka sold the following stocks in 2021: 200 shares of Dearborn Investments, purchased on May 15, 2020, for $3,820 and sold on January 9, 2021, for $5,185; and 40 shares of State Street Investments, purchased on November 7, 2018, for $12,365 and sold on March 29, 2021, for $9,025. What are the pre-net amounts and nature of the gains (losses) on the sale of these transactions on Mishka’s 1040 return for 2021?
Answers
The pre-net amounts and nature of the gains (losses) on the sale of these transactions on Mishka’s 1040 return for 2021 is: Short term gain of $1,365 and Long term loss $3,340.
Pre-net amounts and nature of the gains (losses)Short term gain:
Short term gain=Selling price -Purchase
Short term gain=$5,185-$3,820
Short term gain=$1,365
Long term loss:
Long term loss=Selling price-Purchase
Long term loss=$9,025-$12,365
Long term loss=-$3,340
Inconclusion the sale of these transactions on Mishka’s 1040 return for 2021 is: Short term gain of $1,365 and Long term loss $3,340.
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In MLA style titles of short or works are written in
Answers
Answer:
1st one is quotation marks
Explanation:
2nd is italics
The drawee is the
Question 4 options:
person who writes the check.
person who reconciles the account.
bank with which the drawer has an account.
person to whom the check is payable.
Answers
Answer:
C
Explanation:
The drawee is the bank with which the drawer has an account.
how much would you cost to have a good night
Answers
Answer:
as much as i need
Explanation:
The local diner hopes to increase its lunchtime business by 50 percent, even though it is already nearly 50 percent behind its goal for the quarter; this objective would be considered
Answers
Even though the business is way behind on its target, its goal can still be described as Specific and Realistic.
Specific and Realistic goalsTheses are clearly set out and articulated. Effect can be adequately measured. Can be accomplished based on existing resources.Even though the diner is behind target, increasing by 50% is not unrealistic and can be done with proper planning. The goal is also specific as it is targeted at 50%.
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How is net pay different from gross pay? Someone please answer in at least 4 sentences explaining! Will be marking brainiest.
Answers
Employee's gross pay is their compensation before taxes, benefits, and other payroll deductions are subtracted. After all, withholdings are removed, net pay, also known as take-home pay, is the amount left over.
What are Gross pay and Net pay?The gross pay of an employee is the amount earned before taxes, benefits, and other payroll deductions are removed from their compensation. Net pay is the amount left over after all withholdings are removed.
Your net salary, often known as your take-home pay, is the amount of money you get after all deductions. The CTC is reduced by income tax, professional tax, Public Provident Fund (PPF), and other deductions. The net wage is frequently lower than the gross wage.
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Berry company is an architectural firm located in detroit, michigan. the company works with small and medium-size construction businesses to prepare building plans according to the client's contract. the following data are provided for the previous year: number of designs completed and sold 700 designs beginning inventory of direct materials $20,000 beginning inventory of designs in process 60,000 ending inventory of direct materials 10,000 ending inventory of designs in process 100,000 purchases, direct materials 40,000 direct labor 800,000 manufacturing overhead 100,000 administrative expense 150,000 selling expense 60,000 beginning inventory of finished designs 300,000 ending inventory of finished designs 280,000 required: 1. calculate the cost of goods manufactured. 2. calculate the cost of goods sold. 3. assume that the average fee for a design is $2,100. prepare an income statement for berry. 4. conceptual connection: refer to the cost of goods sold (calculated in requirement 2). what is the dominant cost
Answers
The cost of goods manufactured and the cost of goods sold will be $910000 and $930000 respectively.
How to calculate the cost?Begining direct material inventory = 20000
Direct material purchase = 40000
Direct materials available = 60000
Ending inventory = -10000
Direct materials used = 50000
Direct labor = 800000.
Total factory overhead = 100000
Total manufacturing cost= 95000
Begining design = 60000
Ending design in process = -100000
Cost of goods manufactured = 910000
Beginning finished goods inventory = 300000
Ending finished goods inventory = -280000
Cost of goods sold = 930000
The dominant cost in the cost of goods sold is the direct labor cost of $800,000.
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