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Mila [183]
2 years ago
5

Suppose the government is considering penalizing airlines $27,500 per passenger each time passengers are made to remain on the p

lane on the tarmac for more than three hours before a flight. True or False: The threat of this fine could increase
Business
1 answer:
Agata [3.3K]2 years ago
4 0

Answer:

True

Explanation:

The threat of imposing fines on the airlines could increase delays by forcing airlines to disembark people from the plane and then reboard them more than necessary.

Airlines are allowed to stay on the tarmac not more than three hours before departure. Most of these airlines would usually deplane their passengers when there are delays maybe due to repair while on the tarmac. This is to avoid federal fines for tarmac delays exceeding three hours.

However, where government is considering imposing outrageous fines on airlines with regards to the above scenario, such move would lead to increase in flight cancellation and or rescheduling of passengers for later flights.

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Demmert Manufacturing incurred the following expenditures during the current fiscal year: annual maintenance on its equipment, $
S_A_V [24]

Answer and Explanation:

The description is as follows:

The annual maintenance for an equipment is $5,600 it would be classified as a normal repairs & maintenance and the same would be expensed

The remodeling of office for $22,200 would be classified as an improvement. The same would be capitalized & depreciated

The rearrangement of the shipping & receiving area for $35,200 would be classified as a rearrangement and The same would be capitalized & depreciated

The addition for $25,200 would be classified as an addition and The same would be capitalized & depreciated

7 0
1 year ago
Tano Company issues bonds with a par value of $82,000 on January 1, 2020. The bonds' annual contract rate is 7%, and interest is
weqwewe [10]

Answer: $2151

Explanation:

The amount of the discount on these bonds at issuance will be the difference between the par value of the bond issues by Tank company and the price at which the bonds were sold. This will be:

= $82000 - $79,849

= $2151

Therefore, the amount of the discount on these bonds at issuance is $2151.

3 0
1 year ago
A nursing facility has a gross income of $486,000, fixed expenses of $300,000, and variable expenses of $150,000. what is the ap
Tcecarenko [31]

Based on the information provided:

Gross income is $486,000

Fixed expenses: $300,000

Variable expenses: $150,000

To find the percentage of gross profit first figure out the difference between the gross income and expenses which is: $486,000 - $300,000 - $150,000 = $36,000 then divide the gross income by the profit 486,000/36,000 and the answer is 13.5%.

7 0
2 years ago
g Tadeo Corp. has provided a part of its budget for the second​ quarter: Apr May Jun Cash collections $ 42 comma 000 $ 45 comma
timofeeve [1]

Answer:

A. 68,800

Explanation:

Cash balance at end of April is = Beginning cash balance on April 1st + Cash collection in April - Purchase of Materials in APril - Operating Expense in April - Capital Expenditures in APril =  14000 + 42000 - 7000 - 7000 - 5000 = 37000

Cash balance at end of May is = Beginning cash balance in May + Cash collection in May - Purchase of Materials in May - Operating Expense in May = 37000 + 45000 - 7200 - 6000 = 68,800

4 0
1 year ago
Colgate reported Diluted EPS of $2.38 in accordance with GAAP. How much higher would EPS be if Colgate ignored the impact of res
Fantom [35]

Answer:

EPS will be higher than $2.38

Explanation:

The earnings per share are the income that is accessible to the company's shareholders after all the costs and taxes are deducted. Restructuring costs are one-time costs that are recorded in the income statement as other operating expenses.

The presence of restructuring and other one-time costs in the Revenue Statement leads to lower pre-tax earnings and cause decrease in net profit. When these expenses are excluded, the Earning would increase, resulting in the company's EPS.

4 0
2 years ago
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