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VARVARA [1.3K]
2 years ago
6

Amy is analyzing a job offer. Amy’s Salary Analysis Annual Salary Benefits Average Monthly Rent Average Monthly Utility Costs $4

8,500 401K matched up to $2,500/year, $5,000 in bonuses $1,100 $200 How much should she expect to pay on rent and utilities each year? $1,300
Business
1 answer:
zalisa [80]2 years ago
3 0

Answer:

$15,600

Explanation:

The computation of the amount expected to pay on rent and utilities are shown below:

= monthly on rent  + monthly utility.

= $ 1,100 + $ 200

= $ 1,300

Now the each year payment on rent and utilities is

= $ 1,300 × 12 months

= $15,600

hence, the estimated amount pay for the rent and utilities for each year is $15,600

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A company had inventory of 5 units at a cost of $20 each on November 1. On November 2, they purchased 10 units at $22 each. On N
VashaNatasha [74]

Answer:

Cost of goods sold=  $410

Explanation:

Giving the following information:

November 1: 5 units for $20 each.

On November 2, they purchased 10 units at $22 each.

On November 6, they purchased 6 units at $25 each.

On November 8, they sold 18 units for $54 each.

The company uses LIFO (last in, first out) as an inventory method.

Cost of goods sold= 6units*25 + 10units* 22 + 2units* 20= $410

5 0
1 year ago
Walter Industries’ current ratio is 0.5. Considered alone, which of the following actions would increase the company’s current r
MissTica

Answer:

a. Borrow using short-term notes payable and use the cash to increase inventories.

Explanation:

The formula to compute the current ratio is shown below:

Current ratio = Total Current assets ÷ total current liabilities  

where,

The current assets = Cash and cash equivalents + Short-term investments + Accounts and notes receivable + Inventories + Prepaid expenses and other current assets

And, current liabilities would be

= Short-term obligations + Accounts payable

If the current ratio is 0.5 which means that the current asset is 1 and the current liabilities are 2 so the most appropriate option is a.

4 0
2 years ago
Question 2 options: Assume that in short-run equilibrium, a particular monopolistically competitive restaurant (Applebee's) char
Triss [41]

Answer:

104

Explanation:

7 0
1 year ago
For the year ended December 31, year 3, Colt Corp. has a loss carryforward of $180,000 available to offset future taxable income
Reika [66]
The answer is 234,000
5 0
2 years ago
On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware
Ray Of Light [21]

Answer:

2021

Dr Research and development expense $3,600,000

Cr Cash $3,600,000

2022

Dr Research and development expense 1,500,000

Dr Software and development costs 594, 000

Cr Cash 2,094,000

B. $148,500

Explanation:

1. Preparation of the journals entry

2021

Dr Research and development expense $3,600,000

Cr Cash $3,600,000

(To record the expenses incurred on research and development)

2022

Dr Research and development expense 1,500,000

Dr Software and development costs 594, 000

Cr Cash 2,094,000

(1,500,000+594,000)

(To record the software development costs incurred)

2.Calculatation for the amortization for 2022

Using percentage of revenues method

Amortization= Current revenue/Total revenue* Software development costs

Amortization=$1,560,000/$7, 800,000*$594,000

Amortization=0.2*$594,000

Amortization=$118,800

Using straight line method

Amortization =1/Useful life* Software devel opment costs

Amortization=1/4*$594,000

Amortization=$148,500

Based on the above calculation Tmte expense amounts under straight-line method is higher . Which means that , the amortization is $148,500.

7 0
1 year ago
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