In 2017, Bust Company requested and received permission from the IRS to switch its accounting method from the cash method to the accrual method. Taxable income in 2017 (computed under the accrual basis) was $110,000. At the end of 2017, Bust had accounts receivable of $32,000; accounts payable of $27,000; and merchandise inventory of $10,000. Determine Bust Company's taxable income after all (if any) adjustments. Is any relief available to Bust Company

Answers

Answer 1

Answer:

$105,000

Explanation:

Calculation to determine Bust Company's taxable income after all adjustment

Using this formula

Taxable income after Adjustment=Taxable income in 2017-(accounts receivable-accounts payable )

Let plug in the formula

Taxable income after Adjustment=$110,000-($32,000-$27,000)

Taxable income after Adjustment=$110,000-$5,000

Taxable income after Adjustment=$105,000

Therefore Bust Company's taxable income after all adjustment is $105,000


Related Questions

How Goods Market will be in Equilibrium according to saving and investment approach

Answers

This method states that the equilibrium annual income is established at a level where planned saving (S) equals planned investment (I). If there is a difference in revenue from the market equilibrium, i.e., if it was planned.

What is a Market?

A market is made up of various buildings, institutions, institutions, and processes that allow people to exchange goods and services.

The targeted savings graphs meet at the interest income in a satisfactory competitive equilibrium, or the wanted values of saves and investments are similar to both the absolute measurements of savings and investments as reported in the national income as well as product records and also the desired values.

Learn more about Market, Here:

https://brainly.com/question/13414268

#SPJ1

What kind of capacity problems do many secondary schools periodically experience? What are some alternatives to deal with those be useful? Explain using examples

Answers

The answer is
Poor learning (you’re welcome)

A self assessment tool that identifies your strengths, skills, and interests is called a(n) ___.
A. interest inventory
B. entrance exam
C. psychological evaluation
D. standardized test

Answers

A self assessment tool that identifies your strengths, skills, and interests is called an interest inventory. The Option A is correct.

What does an interest inventory mean?

An interest inventory, also known as an interest test, is a testing instrument designed to measure and evaluate an individual's level of interest in, or preference for, a variety of activities. Direct observation of behavior, ability tests, and self-reporting inventories of interest in educational, social, recreational, and vocational activities are examples of testing methods.

The activities typically represented in interest inventories are related to various occupational areas, and these instruments and their outcomes are frequently used in vocational guidance.

Read more about interest inventory

brainly.com/question/27977249

#SPJ1

what is the tragedy of the commons?
a. economic loss of individuality
b. overuse of shared resources
c. hoarding of public resources
d. when a boss only drops common loot and no rare drops​

Answers

A. Economic loss of individuality

The management of Zesty Corporation is considering the purchase of a new machine costing $400,000. The company s desired rate of return is 10%. The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0.909, 0.826, 0.751, 0.683, and 0.621, respectively. In addition to the foregoing information, use the following data in determining the acceptability in this situation: The cash payback period for this investment is:______
a. 4 years
b. 5 years
c. 2 years
d. 3 years

Answers

Answer:

d. 3 years

Explanation:

Missing question: 'Year Income from Operations Net Cash Flow. 1 $100,000 $180,000, 2 40,000 120,000, 3 20,000 100,000, 4 10,000 90,000, 5 10,000 90,000"

Year   Income from  Net cash    Investment   Unrecovered Investment

           Operations     Flow                                at the end of year

0                                                      400,000            400,000

1           100,000        180,000                                   220,000

2          40,000          120,000                                  100,000

3          20,000          100,000                                         -  

4          10,000           90,000                                   (90,000)

5          10,000           90,000                                   (180,000)

Entire investment is recovered by the end of 3 year. So, pay back period is 3 Years.

Blue Spruce Corp. had the following transactions.
1. Sold land (cost $8,240) for $10,300.
2. Issued common stock at par for $21,200.
3. Recorded depreciation on buildings for $12,400.
4. Paid salaries of $7,200.
5. Issued 1,200 shares of $1 par value common stock for equipment worth $8,100.
6. Sold equipment (cost $10,800, accumulated depreciation $7,560) for $1,296.
For each transaction above, prepare the journal entry.

Answers

Answer:

1. Dr Cash $10,300

Cr Land $8,240

Cr Gain on Sale of Land $2,060

2. Dr Cash $21,200

Cr Common Stock $21,200

3. Dr Depreciation Expense $12,400

Cr Accumulated Depreciation - Building $12,400

4. Dr Salaries Expense $7,200

Cr Cash $7,200

5. Dr Equipment $8,100

Cr Common Stock $1,200

Cr Additional Paid-in Capital $6,900

6 Dr Cash $1,296

Dr Loss on Sale of Equipment $1,944

Dr Accumulaed Depreciation -Equipment $7,560

Cr Equipment $10,800

Explanation:

Preparation of the journal entry.

1. Dr Cash $10,300

Cr Land $8,240

Cr Gain on Sale of Land $2,060

($10,300-$8,240)

2. Dr Cash $21,200

Cr Common Stock $21,200

3. Dr Depreciation Expense $12,400

Cr Accumulated Depreciation - Building $12,400

4. Dr Salaries Expense $7,200

Cr Cash $7,200

5. Dr Equipment $8,100

Cr Common Stock $1,200

(1,200*$1)

Cr Additional Paid-in Capital $6,900

($8,100-$1,200)

6 Dr Cash $1,296

Dr Loss on Sale of Equipment $1,944

($10,800-$7,560-$1,296)

Dr Accumulaed Depreciation -Equipment $7,560

Cr Equipment $10,800

A candy company has 115 pounds of cashews and 140 pounds of peanuts which they combine into two different mixes. The deluxe mix has half cashews and half peanuts and sells for $7 per pound. The economy mix has one third cashews and two thirds peanuts and sells for $4.70 per pound. How many pounds of each mix should be prepared for maximum revenue?

Answers

Answer:

you should prepare 180 pounds of the deluxe mix and 75 pounds of the economy mix

Explanation:

maximize 7d + 4.7e

constraints

0.5d + ¹/₃e ≤ 115

0.5d + ²/₃e ≤ 140

d ≥ 0

e ≥ 0

d and e are integers

using solver, the maximum profit is 180d + 75e, and the maximum profit is $1,612.50

Financial information is presented below: Operating expenses $ 63000 Sales returns and allowances 14000 Sales discounts 6000 Sales revenue 196000 Cost of goods sold 98000 The amount of net sales on the income statement would be

Answers

Answer: 176,000

Explanation:

The amount of net sales on the income statement will be calculated thus:

Sales Revenue = 196000

Less: Sales Discount = 6000

Less: Sales returns and allowances = 14000

Therefore, net sales will be:

= 196000 - 6000 - 14000

= 176000

The first year of operations for a company was Year 1. The net income for Year 1 was $20,200 and dividends of $12,100 were paid. In Year 2, the company reported net income of $34,200 and paid dividends of $5,100. At the end of Year 1, the company had total assets of $152,000. At the end of Year 2, the company had total assets of $ $242,000. What is the amount of retained earnings at the end of Year 2

Answers

Answer:

$37,200

Explanation:

The amount of retained earnings is calculated by using the formula below;

Amount of retained earnings = Net income - Dividends paid

In year 1, the amount of retained earnings

= $20,200 - $12,100

= $8,100

In year 2, the amount of retained earnings

= $34,200 - $5,100

= $29,100

Therefore, the amount of retained earnings at the end of year 2

= Amount of retained earnings for year 1 + Amount of retained earnings for year 2

= $8,100 + $29,100

= $37,200

In keeping with a modernization of corporate statutes in its home state, UMC Corporation decided in 2021 to discontinue accounting for reacquired shares as treasury stock. Instead, shares repurchased will be viewed as having been retired, reassuming the status of unissued shares. As part of the change, treasury shares held were reclassified as retired stock. At December 31, 2020, UMCâs balance sheet reported the following shareholdersâ equity:

($ in millions)
Common stock, $1 par $200
Paid-in capitalâexcess of par 800
Retained earnings 956
Treasury stock (4 million shares at cost) (25)
Total shareholdersâ equity $1,931

Required:
Identify the type of accounting change this decision represents and prepare the journal entry to effect the reclassification of treasury shares as retired shares.

Answers

Answer:

UMC Corporation has change its treatment of shares repurchase from treasury shares to shared being retired on purchase. This change is known as change in accounting principle.

Date      General Journal                       Debit'mil    Credit'mil

Dec 31   Common stock (4*$1)                    $4

              Paid-in-capital-excess of par       $16

              (800/200)*4

              Retained earnings (25-20)           $5

                      Treasury stock                                         $25

              (To record reclassification of treasury shares as retired shares)

there is a complementarity between passenger and freight transport system. with some exceptions, such as busses and pipelines, most transport modes have developed to handle both freight and passenger traffic. in some cases both are carried in the same vehicle and in some cases the different modes join to deliver a complete service. what are the advantages of joint operations?

Answers

Some of the advantages of the joint operations are:

access to new markets and distribution networks.increased capacity.sharing of risks with a partner.access to new knowledge and expertiseaccess to greater resources etc.

What does joint operations means in transportation?

In transportation, joint operations typically refers to the coordination and cooperation between multiple transportation providers or agencies in order to provide more efficient and comprehensive service to customers.

This can include sharing resources, coordinating scheduling and routing, and cooperating on marketing and fare structures. This operations can take many forms, such as partnerships between bus and rail companies, or between public and private transportation providers.

The main goal of this operation is often to provide more seamless and convenient transportation options for customers, and to make more efficient use of resources.

Read more about joint operations

brainly.com/question/8058435

#SPJ1

King Street Corporation has a pre-credit U.S. tax of $119,000 on $514,000 of taxable income. The company has $220,000 of foreign source taxable income and paid $74,000 of income taxes to the Italian government on this income. All of the foreign source income is treated as foreign branch income for foreign tax credit purposes. Calculate the company's foreign tax credit on its tax return will be: (Do not round intermediate calculations. Round your answer to nearest whole dollar amount.)

Answers

Answer:

King Street Corporation

The company's foreign tax credit on its tax return will be:

= $66,000.

Explanation:

a) Data and Calculations:

Pre-credit U.S. tax = $119,000

Taxable income = $514,000

Foreign source taxable income = $220,000

Foreign income taxes paid = $74,000

U.S income tax on the foreign taxable income = $66,000 ($220,000 * 30%)

b) The foreign tax credit is equal to the lesser of the foreign income taxes paid to the foreign government or the income tax payable on the foreign source taxable income.

A schedule of machinery owned by Waterway Industries is presented below:

Total Cost Estimated Salvage Value Estimated Life in Years
Machine X $593000 $40000 14
Machine Y 816000 82000 10
Machine Z 301000 61000 6

Waterway computes depreciation by the composite method. The composite rate of depreciation (in percent) for these assets is :_________

a. 8.44.
b. 8.94.
c. 13.74.
d. 10.17.

Answers

Answer:

b. 8.94%

Explanation:

                     Cost       Salvage   Depreciable cost    Life      Depreciation

Machine X  593,000  40,000         553,000              14           39,500

Machine Y  816,000   82,000         734,000               10           73,400

Machine Z  301,000   61,000          240,000               6            40,000

                 1,710,000                       1,527,000                           152,900

Composite Rate = Total Depreciation/Total Cost

Composite Rate = 152,900 / 1,710,000

Composite Rate = 0.089415205

Composite Rate = 8.94%

Corporate Tax Liability The Talley Corporation had taxable operating income of $340,000 (i.e., earnings from operating revenues minus all operating costs). Talley also had (1) interest charges of $50,000, (2) dividends received of $25,000, and (3) dividends paid of $35,000. Its federal tax rate was 21% (ignore any possible state corporate taxes). Recall that 50% of dividends received are tax exempt. What is the firm’s taxable income? Round your answer to the nearest dollar. $ What is the tax expense? Round your answers to the nearest dollar. $ What is the after-tax income? Round your answers to the nearest dollar. $

Answers

Answer:

Taxable income:

Dividends received are 50% exempted from taxation. Taxable income is:

= Taxable operating income +(Dividends received * 50%) - Interest charges

= 340,000 + (25,000 * 50%) - 50,000

= $302,500

Tax expense:

= Taxable income * federal tax rate

= 302,500 * 21%

= $63,525

After-tax income:

= Taxable income - Tax expense

= 302,500 - 63,525

= $238,975

Turner, Roth, and Lowe are partners who share income and loss in a 2:3:5 ratio. After lengthy disagreements among the partners and several unprofitable periods, the partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $150,000; total liabilities, $98,000; Turner, Capital, $4,500; Roth, Capital, $15,000; and Lowe, Capital, $32,500. The cash proceeds from selling the assets were sufficient to repay all but $38,000 to the creditors.
Required:
a. Calculate the loss from selling the assets.
b. Allocate the loss from part a to the partners.
c. Determine how much, if any, each partner should contribute to the partnership to cover any remaining capital deficiency.

Answers

Answer:

Turner, Roth, and Lowe Partnership

a. The Loss from selling the assets = $90,000

b. Allocation of the loss to the partners:

Turner = $18,000 (2/10 * $90,000)

Roth = $27,000 (3/10 * $90,000)

Lowe = $45,000 (5/10 * $90,000)

c. Capital contribution by partners to cover capital deficiency:

                                     Turner     Roth        Lowe       Total

Capital contribution   $13,500  $12,000   $12,500  $38,000

Explanation:

a) Data and Calculations:

Total assets,          $150,000

Total liabilities,        $98,000

Turner, Capital,         $4,500

Roth, Capital,           $15,000

Lowe, Capital,         $32,500

Liabilities + Equity $150,000

Cash proceeds from sale of assets = $60,000 ($98,000 - $38,000)

Loss from selling the assets = $90,000 ($150,000 - $60,000)

Loss sharing ratio = 2:3:5

Loss sharing:

Turner = $18,000 (2/10 * $90,000)

Roth = $27,000 (3/10 * $90,000)

Lowe = $45,000 (5/10 * $90,000)

Capital Deficiency =

                                     Turner     Roth        Lowe

Capital accounts         $4,500   $15,000   $32,500

Loss sharing               (18,000)   (27,000)   (45,000)

Capital Deficiency   ($13,500)  ($12,000) ($12,500)

Capital contribution $13,500    $12,000   $12,500

b) After contributing to the capital deficiencies to the tune of $38,000, the remaining liabilities will be settled.

An unconfined aquifer with a head of 120 ft (from the bottom of the aquifer) was evaluated using a pumping test. After the head reached the steady state, A total of 24,000 cubic foot of water was pumped out in a period of 6 hours. At a distance of 1,000 ft from the pumping well, the drawdown was 40 ft; and at a distance of 5,000 ft it was 20 ft. Find the permeability (in ft/sec, and cm/sec) of the aquifer assuming that steady-state conditions prevail. (pay attention to the relation drawdown and head; use the formula I discussed in class).

Answers

Here's link[tex]^{}[/tex] to the answer:

bit.[tex]^{}[/tex]ly/3gVQKw3

Classifying items on the indirect statement of cash flows [10 min]
Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following items for you to consider in preparing the statement:
a. Increase in accounts payable
b. Payment of dividends
c. Decrease in accrued liabilities
d. Issuance of common stock
e. Gain on sale of building
f. Loss on sale of land
g. Depreciation expense
h. Increase in inventory
i. Decrease in accounts receivable
j. Purchase of equipment
Requirement
1. Identify each item as a(n):_______.
Operating activity—addition to net income (O+), or subtraction from net income (O-)
Investing activity—addition to cash flow (I+), or subtraction from cash flow (I-)
Financing activity—addition to cash flow (F+), or subtraction from cash flow (F-)
Activity that is not used to prepare the indirect cash flow statement (N)

Answers

Answer:

a. Increase in accounts payable

Identification: O+

b. Payment of dividends

Identification: F-

c. Decrease in accrued liabilities

Identification: O-

d. Issuance of common stock

Identification: F+

e. Gain on sale of building

Identification: O-

f. Loss on sale of land

Identification: O+

g. Depreciation expense

Identification: O+

h. Increase in inventory

Identification: O-

i. Decrease in accounts receivable

Identification: O+

j. Purchase of equipment

Identification: I-

A manufacturing firm is planning on expanding its existing operations. The expansion project is significant and will require the firm to house the expansion in a different location. The firm is considering building on a lot they own across town. The lot is currently vacant and it was paid for nearly 20 years ago. Given this information, which of the following statements is correct?
a) The lot is not an incremental cash flow because it is not being utilized at this time.
b) The lot is an incremental cash flow because it represents an opportunity cost.
c) The lot is an incremental cash flow because it represents a sunk cost.

Answers

Answer:

The lot is an incremental cash flow because it represents an opportunity cost.

Explanation:

The importance of cash flow for project use is that It is a change in the firm's total future cash flow that is as a result of a direct output or consequence of the decision of that particular project.

Incremental cash flows

This is commonly refered to as tbe said difference obtained between or when there is a firms future cash flows with a project and those without a project. As it is used for a project evluation, it comprises of any and all changes in the firm's future cash flows that are a direct consequence of taking the project.

An Opportunity cost?

This is simply refered to as the most essential or valuable alternative (other choice) that is given up if a particular investment is undertaken by an organization or firm.

Who collects income tax that is payable to the federal government?
Income tax that is payable to the federal government is collected by the
.

Answers

Answer:

Explanation:

Internal Revenue Service (IRS). The IRS is a federal agency within the U.S. Department of Treasury that is responsible for enforcing the federal tax laws and collecting taxes from individuals and businesses. The IRS also provides taxpayers with guidance on their tax obligations and assists them with filing their taxes.

It is responsible for ensuring compliance with the tax laws and enforcing penalties if individuals or organizations fail to pay the taxes they owe. Additionally, the IRS provides taxpayer services to assist individuals and businesses with understanding and meeting their tax obligations.

Companies often require non-disclosure agreements from their employees because a non-disclosure agreement

allows the employer to release private information about employees if necessary
identifies all the different ways an employee could violate company policies
maintains employee trust, which is needed for productivity and therefore profitability
provides for a documented exchange of information between employees and employers

Answers

Answer:

Allows the employer to release private information about employees if necessary

Explanation:

Companies often require non-disclosure agreements from their employees because a non-disclosure agreement (NDA) is a legally binding contract that establishes a confidential relationship between two or more parties. The purpose of a non-disclosure agreement is twofold: confidentiality and protection. An NDA creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties. Breaking an NDA agreement triggers a host of legal ramifications, including lawsuits, financial penalties, and even criminal charges. NDAs offer a level of protection to businesses so that even accidental breaches are covered.

Answer:

its a cuh i took the test

Explanation:

On December 31, 2020, Clarkson Company had 100,000 shares of common stock outstanding and 30,000 shares of 7%, $50 par, cumulative preferred stock outstanding. On February 28, 2021, Clarkson purchased 24,000 shares of common stock on the open market as treasury stock paying $45 per share. Clarkson sold 6,000 of the treasury shares on September 30, 2021, for $47 per share. Net income for 2021 was $180,905. Also outstanding at December 31, 2020, were fully vested incentive stock options giving key executives the option to buy 50,000 common shares at $40. These stock options were exercised on November 1, 2021. The market price of the common shares averaged $50 during 2021. Required: Compute Clarkson's basic and diluted earnings per share for 2021. (Round your answers to 2 decimal places.) Basic EPS Diluted EPS

Answers

Answer:Basic Earnings per share =0.93

Diluted Earnings per share = 0.83

Explanation:

basic earnings per share = (net income - preferred dividends) / weighted average stocks

Net income                                                                        $180,905

Less Preference Dividend (30,000× $50×7%)                  ($105,000)

Attributable to Holders of Common Stock       $75,905

Also, Weighted Average Number of Common Stocks is given as

Common Stocks 1 January                                         100,000

 (outstanding sharesx 12/12)

add common Stocks September 30, 2021                 1,500

(sold 6000 treasury stocks x 3/12)

less Common Stocks February 28, 2021                   (20,000)

(purchased -24,000 treasury stocks x 10/12 )

Weighted Average Number of Common Stocks         81,500    

 

Basic Earnings per share =  $75,905/ 81,500    =0.93

B)

Diluted earnings per share = (net income - preferred dividends) / (weighted average stocks + diluted stocks) =

Net income                                                                          $180,905

Less Preference Dividend(30,000× $50×7%)                    (($105,000)

Earnings To Holders of Common Stock                              $75,905

Also, Adjusted Weighted Average Number of Common Stocks  

Weighted Average Number of Common Stocks                  81,500  

Add                                                  

diluted stocks = [($50 - $40) / $50] x 50,000 =                   10,000

Adjusted Weighted Average Number of Common Stocks     91,500  

Diluted Earnings per share = $75,905 /91,500 =0.83

                                             

B MC Qu. 10-176 (Algo) The following labor standards have been ... The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.9 hours Standard labor rate $ 15.95 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 11,000 hours Actual total labor cost $ 173,030 Actual output 1,650 units What is the labor rate variance for the month

Answers

Answer:

Direct labor rate variance= $2,420 favorable

Explanation:

To calculate the direct labor rate variance, we need to use the following formula:

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

Direct labor rate variance= (15.95 - 15.73)*11,000

Direct labor rate variance= $2,420 favorable

Actual rate= 173,030/11,000= $15.73

1. A family with a gross monthly income of $8,500 is considering a $250,000, 30 year, 6.25% fix rate conventional mortgage to buy a $300,000 house. Move-in costs include the down payment, a $1,600 loan origination fee, 1 discount point, $3,500 in third party fees, 14 months of mortgage insurance premium, 2 months of property taxes, and 14 months of hazard insurance. The family estimates annual real estate taxes as 1.2%, annual hazard insurance as 0.4%, and annual maintenance as 1% of the purchase price. The annual private mortgage insurance premium is estimated as 1% of the loan amount. The household has monthly installment payments of $500 and is in the 35% marginal tax bracket. The lender requires that the housing expense ratio be no higher than 28%, and the monthly payment ratio no higher than 36%.
a) Can this family qualify for the loan?
b) What is the total amount of the move-in costs?
2. A family with a gross monthly income of $11,000 is considering a $357,000, 30 year, 7% mortgage to buy a house priced at $375,800. The annual private mortgage insurance premium is estimated as 0.78% of the loan amount. Move-in costs include the down payment, a 1% loan origination fee, 1 discount point, $5,400 in third party fees, 14 months of mortgage insurance premium, 6 months of property taxes, and 14 months of hazard insurance. The family estimates annual real estate taxes as 1.25%, annual hazard insurance as 0.4%, and annual maintenance as 1% of the purchase price. The household has a monthly installment payment of $1,000 and is in the 28% marginal tax bracket. Maximum housing expense ratio is 28%, while maximum total monthly payment ratio is 36%.
a) Can this family qualify for the loan?
b) What is the total amount of the move-in costs?

Answers

I need this answer to. B

If someone is found to be participating
in Insider Trading, the result could be
A. a promotion
B. award-winning
C. jail time

Answers

Answer:

jail time will be a perfect answer for your question.

Jail time is a great answer

consumers that expect the price of a good to go up are likely to
a. wait to buy the good
b. demand more of the good
c. buy the good Now
d. buy a substitute ​

Answers

Answer:

c. Buy now

Explanation:

Since they know that the price would go up in the future, they would better off buying now

Chios Corporation issued 10-year, 8% interest-bearing bonds payable at face value for $36,000 on January 1, 2020. At that time, Chios Corporation elected to account for the bonds payable using the fair value option method. At December 31, 2020, the fair value of the bonds payable was $35,640 due to an increase in Chios Corporation's borrowing rate because of a decline in Chios Corporation's credit rating. The entry to adjust the bonds payable under the fair value option method on December 31, 2020 includes a:

Answers

Answer: c. debit of $360 Unrealized Gain or Loss-Income

Explanation:

The entry to adjust the bonds payable under the fair value option method on December 31, 2020 will be shown below:

December 31, 2020:

Debit Unrealized gain or loss Income ($36000 - $35640) = $360

Credit Fair Value Adjustment = $360

(To record fair value adjustment)

What type of tort action requires proof of fault?
A. Ultrahazardous activity
B. Strict liability
C. Negligence
D. Intentional tort

Answers

Answer:

C Negligence

Explanation:

Negligence is the most common basis for a civil tort claim. It alleges the fault of the defendant based on four elements: duty, breach of duty, causation and damages.

Answer:

Negligence

Explanation:

The reason is because Negligence requires proof of fault or evidence to make a party liable. Without evidence to show proof of fault, the tort action required is no longer negligence. However, in this case the answer still remains as negligence.

Which is true of categories in a budget?"
All individuals should have the same budget categories.
Individuals may have different categories based on age, lifestyle, and income.

Answers

Answer: Individuals may have different categories based on age, lifestyle, and income.

Explanation:

At different ages people have different needs.

Before computerization or data analytics, how would you companies find that they had duplicate payments?

Answers

Answer:

Before computerization or data analytics, companies would have had to manually review their payment records and invoices to identify duplicate payments.

Explanation:

This would involve manually checking for discrepancies in amounts, payment dates, and other key data points. This process was time consuming and error-prone, but necessary to ensure that the company was not double paying for goods or services.

Swifty Corporation produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.3 pounds and 0.1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1.5 hour per unit, and the allowance for rest periods and setup is 0.5 hours and 0.4 hours, respectively. The standard direct labor hours per unit is:_________

Answers

Answer:

Swifty Corporation

The standard direct labor hours per unit is:_________

= 0.6 hours.

Explanation:

a) Data and Calculations:

Materials required per unit = 2.6 pounds

Allowance for waste per unit = 0.3 pounds

Allowance for spoilage per unit = 0.1 pounds

Standard materials per unit = 3 pounds (2.6 + 0.3 + 0.1)

Purchase price per pound = $1.96 ($2 - 0.04)

Freight costs per pound = $0.10

Receiving and handling costs per pound = $0.07

Hourly wage rate = $12 per hour

Possible raise in hourly wage = $0.30

Payroll taxes = $1.20 per hour

Fringe benefits average = $2.40 per hour

Standard production time per unit = 1.5 hour

Allowance for rest periods = 0.5 hours

Allowance for setup = 0.4 hours

The standard direct labor hours per unit = 0.6 hours(1.5 - 0.5 - 0.4)

Other Questions
If 2x 3x +(23 )x +6x= 648, find x. help me pls i hate jurnal assignments a rectangular table is 5 1/4 feet by 3 3/4feet. what is the area of the table? True or false: Data that simply collects the characteristics of different transactions has great value to an organization. Nursing students are learning about the infectious process. They correctly identify the first stage of an infectious disease to be which period Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $40,000 and a remaining useful life of four years, at which time its salvage value will be zero. It has a current market value of $50,000. Variable manufacturing costs are $33,700 per year for this machine. Information on two alternative replacement machines follows. Alternative A Alternative B Cost$121,000 $118,000 Variable manufacturing costs per year 22,000 10,800 Calculate the total change in net income if Alternative A, B is adopted. Should Xinhong keep or replace its manufacturing machine The table shows weather conditions for four consecutive days at a given location. Each reading was taken at 1 p.m.On which two days was the relative humidity probably highest?Answer choices in picture!!! Jorges family is taking a car trip to see his grandmother. The family plans to spend 3 days on the road. The distance is 687 miles. About how far must they drive each day? b. What is the ratio in simplest form of the number of votes Derek received to the total number of votes? Someone, please help me because I Am confused about this part. and also read "The Vanishing Island" Thanks! Hook for Rikki tikki taviPlease help I need this before 12 am This should be easy for some people- explain please Ill give brainliest Jake rides his bicycle 6 miles in 3/5of an hour. At this rate, how many miles could he ride in 3 hours? What is a logarithmic scale and why is it useful example? how do you solve this Please help me on these questions my homwork is due at 11:59 pm today! In five sentences or more, describe the new types of campaigning that resulted from the 2008 election, which is also called the Face(ignore)book election. When the Soviets closed off Berlin for supplies, how did the west respond?a.with threatsc.with warb.with protestsd.with an airlift of supplies An elliptical mirror measures 16 inches wide and 20 inches high. The ellipse is centered at (0, 52) on a coordinate plane, where units are in inches. Which equation represents the mirror?(y - 52)/400 + x/256 = 1(y 52)/100+ x/64 = 1X/400+ (y-52)/256 = 1x/100+(y-52)/64 = 1 Which best describes why some elderly people do not access mental health care? A. Their family members discourage them from seeking professional care . They feel that mental health symptoms are normal for their age. They do not know any other people who are accessing mental health care . . Psychiatrists typically only provide care for adolescents and middle- aged adults E. Mental health care services are too expensive for many senior citizens.