Married couples can file taxes jointly or separately. Both have their advantages and disadvantages but generally, for spouses earning more or less the same amount of money, especially if both are high-income earners, filing separately might allow them to pay less tax as filing jointly would probably make their combined income reach a higher tax bracket.
<span>For this problem, calculating the income that Steve would have to report would only involve averaging his and Molly's income to give,
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= ($50,000 + $35,000)/2
= $42,500
Answer:
The correct answer would be, $70500
Explanation:
Raw Material Turnover means what amount of raw materials is used within a specific period of time. So the raw material turnover would be calculated by adding the beginning inventory with the amount of material used within the period, and then the remaining material will be deducted. So the whole calculations are shown as follows:
Beginning Raw Material Inventory: $5000
Raw Material Used: $71500
Ending Raw Material Inventory: $6000
Raw Material Inventory Turnover:
Beginning Inventory + Raw Material Used - Ending Raw Material
= 5000+71500-6000= $70500
Answer:
e. DEBIT to Accounts Receivable $44,000
Explanation:
The accrual journal entry to record the sale involves a debit to the accounts receivable account and a credit to sales revenue;
Income 44000
Costing 23000
e. DEBIT to Accounts Receivable $44,000
Answer:
$93,940.85
Explanation:
Adjusted present value is the sum of net present value of after tax cash flow and net present value of tax shield.
First compute after tax cash flow:
Cash inflow = $478,000
Cash cost = 68% of $478,000 = $325,040
Pre-tax profit = 478,000 - 325,040 = $152,960
Tax = 34 %
After tax cash flow = 152,960 (1 - 0.34) = $100,953.60
Net present value of after tax cash flow = 
= 
= $25,940.85
Present value of tax shield = Amount of debt × tax rate
= 200,000 × 0.34
= $68,000
Adjusted present value = 28,940.85 + 68,000
= $93,940.85
Answer:
d. Organizational environment
Explanation:
Indeed, organizational environmental studies how a particular organization is affected by it's operating environment, and how the organization functions under that environment.
Note also that the organizational environment is further divided into:
- the internal environment and
- the external environment
Put simply, the internal environment consist of factors that affect the organization from within; which are controllable. However, the external environment consist of factors such as political instability, etc that can affect the organization and beyond the control of the organization.
