All categories

2 years ago

Help me plz I will give brainliest

Business

1 answer:

hoa [83]2 years ago

6 0

Answer:

1. Most people file their tax returns in the month of February, March and April.

2. The approximate number of people who filed their returns the first week of February and the week of April 15, combined=21 M

3. Most people don't file their tax returns on January for a variety of reasons namely; this is the period after the festive season most companies are fully back at work, this is the period where most people are still preparing their income statements and financial reports for filing and this process usually takes some time, and finally, most people usually feel like they still have a lot of time to the deadline of filing their returns.

4. An equation to calculate the percentage of people who filed their taxes during the week of April can be expressed as;

Pa=(A/T)×100

5. The deadline for filing the tax returns is usually April 15th. From the graph we note that during the month of January no one attempted to file their returns with very many people filing their returns as the deadline approaches. So in reality most people in this nation are procrastinators since they avoided the tax of filing the tax return only until the deadline was fast approaching

Explanation:

1. Most people file their tax returns in the month of March and April. The number of people who filed their tax returns spiked in the month of February then slowed down a bit in the month of March then spiked again approaching April 15.

2. In the first week of February, about 18 million people filed their tax returns, and in the week of April 15 it was approximately 3 million people. To get the total number combined for February and April we can use the expression;

Total number=Number that filed in February+number that filed in April

where;

number that filed in February=18 M

number that filed in April=3 M

replacing in the above expression;

Total number=18+3=21 M

The approximate number of people who filed their returns the first week of February and the week of April 15, combined=21 M

4. An equation to calculate the percentage of people who filed their taxes during the week of April can be expressed as;

Pa=(A/T)×100

where;

Pa=percentage of people who filed their taxes during the week of April 15th.

A=number of people who filed their tax returns during the week of April 15th

T=total number of people who filed their tax returns

This can also be expressed as;

percentage of people who filed their taxes during the week of April 15th=(number of people who filed their tax returns during the week of April 15th/total number of people who filed their tax returns)×100

You might be interested in

Break-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity, sold 1,000,000 units at a p

Ne4ueva [31]

Answer:

1. Variable Fixed

Cost of goods sold 70,000,000 30,000,000

Selling Expenses 12,000,000 4,000,000

Administrative Exp. 6,000,000 6,000,000

Total 88,000,000 40,000,000

Note:

Cost of goods sold 70% 30% on 10,000,000 for variable and Fixed respectively

Selling expenses 75% 25% on $16,000,000 for variable and Fixed respectively

Administrative expenses 50% 50% on $12,000,000 for variable and Fixed respectively

2. Unit Variable cost = Total variable cost / Units produced

Total Variable cost 88,000,000

Unit produced 1,000,000

Unit variable cost  88 

Unit Contribution margin = Selling Price - Variable cost per unit

Selling Price $188

- Variable cost per unit $88

Unit Contribution margin $100

3. Break even Point (Units) = Fixed cost / Contribution margin per unit

Fixed cost 40,000,000

Contribution margin per Unit 100

Break even Point (Units) 400,000

4. Break even point (units) = Fixed cost / Contribution margin per unit

Fixed cost 40,000,000

Increased Fixed cost 5,000,000

Total New fixed cost 45,000,000

Contribution margin per unit 100

Break even point (units) 450,000

5. Determined sales units = (New fixed cost + Desired Income) / Contribution margin

New Fixed Cost 45,000,000

Desired Income 60,000,000

105,000,000

Contribution margin 100

per unit

Determined sales units 1,050,000

6. Maximum Income from operation = Total New sales - Total New variable cost - Total Fixed cost

Sales 188,000,000

Increased sales 11,280,000

Total New sales 199,289,000

Variable cost 88,000,000

New Variable cost 5,280,000

Total New Variable cost 93,280,000

Total New Fixed cost 45,000,000

Maximum Income from 61,000,000

operation

Number of units = Increase in sales / Price per unit

New variable cost = Number of units * Unit variable cost

Increased sales 11,280,000

Price per unit 188

Number of units 60,000

Unit variable cost x 88.00

New Variable cost 5,280,000

7. Net income = Sales - Variable cost - New fixed cost

Sales 188,000,000

Less: Variable cost 88,000,000

Less: New fixed cost 45,000,000

Net Income 55,000,000

8. Option b. In favour of the proposal because of the possibility of increasing income from operation.

4 0

2 years ago

If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth i

aksik [14]

To find the compound interest of an investment you have to use this formula, A = P(1 + r/n)^nt, where A is the total amount you have after the investment period, P is the amount you invest or the amount you put in, r is the rate of the of the compound interest in this case 10%, n is the amount of time the interest will be compounded for example, 4 months a year(quarterly) or 6 months a year(semi annually), and t is the amount of time you invest in years. So in this case you are going to substitute everything in the formula with their given value. So P = $700, r = 10%, n = 21 (because it is the number of months we invest for), and t = 2 years (because 21 months fit perfectly in 2 years, and t must always be in years). The resulting formula will be A = $700(1 + 0.1/21)^(21 x 2), which will give you an answer of $855 rounded to the nearest dollar.

8 0

2 years ago

Burt owns a development company that specializes in constructing new, highly energy efficient houses. The best approach for an a

a_sh-v [17]

Answer:

The correct answer is: Cost approach.

Explanation:

The cost approach is used in real estate to give value to new houses based on the value of the land and the price of the construction. It is said to provide a more accurate return on recently built houses. The approach can be also used for old properties but depreciation must be included in the calculation of the house value.

7 0

2 years ago

Fran is the project manager in her organization. She reports to a PMO (project management office) that takes control of the proj

WINSTONCH [101]

Answer:

Directive PMO

Explanation:

A project management office(PMO) refers to creation of groups and departments within an organization so as to define standards and to ensure those standards are met.

In a directive form of project management office, it completely takes over projects and allots resources, and assigns project managers to projects.

In such a form of Project management office, the project managers are supposed to report to such directive offices.

In the given case, since Fran reports to such a PMO form which assumes control of the projects and manages the project, this is a directive form of project management.

8 0

2 years ago

A. Prepare journal entries to record the following transactions of Recycled Fashion retail store. Recycled Fashion uses a perpet

Fudgin [204]

Answer:

Following is given a solution for your question as required.

I hope it will help you a lot!

Explanation:

5 0

2 years ago