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2. Suppose that tax paid by a certain person per year is denoted T, and is...
5. Suppose that a certain state has 794,000 people. Let the gross income for the ith...
5. Suppose that a certain state has 794,000 people. Let the gross income for the ith person be denoted by Gi, the taxes for the ith person be denoted Ti, and the disposable income for the ith person be denoted D Suppose that the mean gross income per year is S50,000, and the average taxes per year is S7500. (a) If the individual disposable income is the gross income minus taxes, write down the equation for Di (b) Find the...
. Suppose a certain country has a fat-rate tax system, where everyone is ta.xod the same...
. Suppose a certain country has a fat-rate tax system, where everyone is ta.xod the same percentage regardless of income. addition, suppose everyone is forced to pay an additional $1000 per year. Let T be taxes, and X be income. Then, the equation relating T and X is: T 1000+0.30X Assume that the population average income is $35,000 with standard deviation $10,000. (a) Find the mean of T (b) Find the standard deviation of T (c) If there are 1,000,000...
15. Suppose demand, D, for a good is a linear function of its price per unit,...
15. Suppose demand, D, for a good is a linear function of its price per unit, P. When price is $20, demand 16. A certain firm posted an ad for a sales representative position paying S36,000 base salary plus a. What commission rate (as a percent of sales) must he earn to make $63,000 per year? is 100 units, and when price is $10, demand is 150 units. Find the demand function. commission. Based on his past experience, a salesman...
Year Period 1 2. Current Widget Price $0.75 1.35 Base Widget Price $0.75 0.75 0.75 0.75...
Year Period 1 2. Current Widget Price $0.75 1.35 Base Widget Price $0.75 0.75 0.75 0.75 1.60 2.10 According to the above table, in Year 3, the price index for widgets is 180. 46.9. 213.3. 100. Component Currency Coins Transaction Deposits Saving Deposits Travelers' Checks Small Denomination Time Deposits Money Market Mutual Fund Shares Ovemight Eurodollars Available Credit on Credit Cards Amount (Billions of dollars) $600 35 570 450 8 2,144 1,430 16 1,000 According to the above table, the...
I have Two Problems which are both solved below. My question is what makes the approach...
I have Two Problems which are both solved below. My
question is what makes the approach of solving in each one not the
same. Why does one calculation include avoidable traceable cost
while the other doesn't?
2nd Problem:
(2400000)= segment margin lost
1800000=savings in traceable fix cost due to discontinuation of
beta
765000=Additional contribution margin
*West Region has Traceable costs that should be
avoidable according to segment statement
so again why for the Diego company problem, 250000 in
avoidable Traceable...
answer all numbers and show work please the next pictures are the lessons guide Find the...
answer all numbers and show work please
the next pictures are the lessons guide
Find the commissions on the following sales using the given rates. 3. $5764 at 20% 5. $12,356 at 12% 4. $2598 at 15.5% 6. $3456 at 9% Find the following piecework earnings. 7. 2010 pieces at $0.18 per piece 9. 52 pieces at $3.25 per piece 8. 264 pieces at $1.50 per piece 10. 197 pieces at $1.67 per piece Find the total tips for the...
1. Consider a bond paying a coupon rate of 12.25% per year semiannually when the market...
1. Consider a bond paying a coupon rate of 12.25% per year semiannually when the market interest rate is only 4.9% per half-year. The bond has six years until maturity. a. Find the bond's price today and twelve months from now after the next coupon is paid. (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. What is the total rate of return on the bond? (Do not round intermediate calculations. Round your answer to 2...
*Specifically looking for help with t-accounts and question 4, thank you!!* As a recently hired accountant...
*Specifically looking for help with t-accounts and
question 4, thank you!!*
As a recently hired accountant for a small business, SMC, Inc.,
you are provided with last year’s balance sheet, income statement,
and post-closing trial balance to familiarize yourself with the
business.
You are also given the following information that summarizes the
business activity for the current year,2018
a.
Issued 10,000 additional shares of common stock for $25,000
cash on January 1st.
b.
Borrowed $10,000 on March 1, 2018, from...
The starting salary of $60,000 per year is more than she ever imagined. However, after receiving...
The starting salary of $60,000 per year is more than she ever imagined. However, after receiving her first paycheck and seeing that about 20% was taken out for taxes and 7.65% for social security and Medicare, and $100 a month for medical and other benefits, she was only going to bring home $42,000 a year. That was a big shock. Dream vacations: Can she travel and do the fun things that young professionals do? Throughout college, Kate worked every summer to finance...
1. Financial Statements: Develop an Income Statement for 20XX, Cash Flow Statement for 20XX, and Balance Sheet as of the end of 20XX based on the data provided below for year 20XX. All sales are colle...
1. Financial Statements: Develop an Income Statement for 20XX, Cash Flow Statement for 20XX, and Balance Sheet as of the end of 20XX based on the data provided below for year 20XX. All sales are collected when the sale is made and all expenses are paid when the expense is incurred. Explain the purpose of each financial statement. a. Income Statement Data for 20XX: • Units produced and sold = 420 • Sales ($80 per unit selling price) = $33600...
5. Suppose that a certain state has 794,000 people. Let the gross income for the ith person be denoted by Gi, the taxes for the ith person be denoted Ti, and the disposable income for the ith person be denoted D Suppose that the mean gross income per year is S50,000, and the average taxes per year is S7500. (a) If the individual disposable income is the gross income minus taxes, write down the equation for Di (b) Find the...
. Suppose a certain country has a fat-rate tax system, where everyone is ta.xod the same percentage regardless of income. addition, suppose everyone is forced to pay an additional $1000 per year. Let T be taxes, and X be income. Then, the equation relating T and X is: T 1000+0.30X Assume that the population average income is $35,000 with standard deviation $10,000. (a) Find the mean of T (b) Find the standard deviation of T (c) If there are 1,000,000...
15. Suppose demand, D, for a good is a linear function of its price per unit, P. When price is $20, demand 16. A certain firm posted an ad for a sales representative position paying S36,000 base salary plus a. What commission rate (as a percent of sales) must he earn to make $63,000 per year? is 100 units, and when price is $10, demand is 150 units. Find the demand function. commission. Based on his past experience, a salesman...
Year Period 1 2. Current Widget Price $0.75 1.35 Base Widget Price $0.75 0.75 0.75 0.75 1.60 2.10 According to the above table, in Year 3, the price index for widgets is 180. 46.9. 213.3. 100. Component Currency Coins Transaction Deposits Saving Deposits Travelers' Checks Small Denomination Time Deposits Money Market Mutual Fund Shares Ovemight Eurodollars Available Credit on Credit Cards Amount (Billions of dollars) $600 35 570 450 8 2,144 1,430 16 1,000 According to the above table, the...
I have Two Problems which are both solved below. My
question is what makes the approach of solving in each one not the
same. Why does one calculation include avoidable traceable cost
while the other doesn't?
2nd Problem:
(2400000)= segment margin lost
1800000=savings in traceable fix cost due to discontinuation of
beta
765000=Additional contribution margin
*West Region has Traceable costs that should be
avoidable according to segment statement
so again why for the Diego company problem, 250000 in
avoidable Traceable...
answer all numbers and show work please
the next pictures are the lessons guide
Find the commissions on the following sales using the given rates. 3. $5764 at 20% 5. $12,356 at 12% 4. $2598 at 15.5% 6. $3456 at 9% Find the following piecework earnings. 7. 2010 pieces at $0.18 per piece 9. 52 pieces at $3.25 per piece 8. 264 pieces at $1.50 per piece 10. 197 pieces at $1.67 per piece Find the total tips for the...
*Specifically looking for help with t-accounts and
question 4, thank you!!*
As a recently hired accountant for a small business, SMC, Inc.,
you are provided with last year’s balance sheet, income statement,
and post-closing trial balance to familiarize yourself with the
business.
You are also given the following information that summarizes the
business activity for the current year,2018
a.
Issued 10,000 additional shares of common stock for $25,000
cash on January 1st.
b.
Borrowed $10,000 on March 1, 2018, from...
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