answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erma4kov [3.2K]
1 year ago
5

g Mason Company paid its annual property taxes of $240,000 on February 15, 20X9. Mason also anticipates that its annual repairs

expense for 20X9 will be $1,200,000. This amount is usually incurred and paid in July and August when operations are shut down so that machinery and equipment can be repaired. What amount should Mason deduct for property taxes and repairs in each quarter for 20X9?
Business
1 answer:
scZoUnD [109]1 year ago
4 0

Answer:

$360,000

Explanation:

The total cost would be estimated as the expense anticipated plus the property taxes paid previously.

Now

Total Cost = $240,000 Property Taxes paid      +     $1,200,000 Property repairs anticipated

= $1,440,000

Now we will distribute the annual cost over the four quarters which mean we will divide the total annual cost by 4.

Quarterly Expenses = $1,440,000 / 4     = <u>$360,000</u>

You might be interested in
It is reasonable to state that one object has twice as much of the attribute property when it has a score of 60 and the other ob
Lesechka [4]

Answer:

The correct answer is:

Ratio Scale

Explanation:

A ration scale of measurement is one that has equal units of measurement, and has an absolute value of zero. Measurements below the zero point on the scale is not possible. for example in the measurement of height in meters, the lowest measurement possible is 0 meter, a measurement of - 1 meter will make no mathematical sense. In this example, if a score of 60 is said to have twice as much attributes than a score of 30, it means that this attributes are measured from a reference zero point, because truly, 60 is twice as much as 30, from a zero point on a scale.

The other scales of measurements include;

nominal scale of measurement; which contains mainly categorical data and is mainly used in form of tags rather than showing magnitude or intervals. Example is grouping a group of adults into married, divorced or single.

Ordinal scale; this scale shows hierarchical series or ordered series, but does not show intervals between the elements. example is in classifying the positions of participants in a race as first, second or third etc. There is an ordering, as the first position is on top of the list, but it will now make sense to say the distance between the attribute of first to third position is the same as the distance between the attributes between third and fifth position, as there is no scale.

Interval scale; this scale of measurement does not have a limit zero value which represents the least possible point on a scale, but the intervals between different units on the scale can be compared logically. Example is the measurement of temperature using the Fahrenheit scale, where the temperature can go as low as - 20°F, below the zero point, and a distance of 3°F to 5°F can be said to be equal to a distance of 10°F to 12°F.

5 0
1 year ago
Taylor and Weber agreed on hiring the right worker for the job. Employee selection and promotion should be based on experience,
andrew-mc [135]

Answer:

a the formal selection process rule

Explanation:

its a formal selection that is used for everybody

6 0
2 years ago
A nine-year project is expected to generate annual revenues of $137,800, variable costs of $82,600, and fixed costs of $11,000.
AleksAgata [21]

Answer:

Option (a) is correct.

Explanation:

Given that,

Annual revenues = $137,800,

variable costs = $82,600

Fixed costs = $11,000

Annual depreciation = $23,500

Tax rate = 34 percent

Annual Income before Taxes:

= Annual revenues - Variable cost - Fixed Costs - Depreciation

= $137,800 - $82,600 - $11,000 - $23,500

= $20,700

Net income:

= Annual Income before Taxes × ( 1 - T)

= $20,700 × 0.66

= $13,662

Annual operating cash flow:

= Net income + Depreciation

= $13,662 + $ 23,500

= $37,162

3 0
1 year ago
On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exercisable no sooner t
Lilit [14]

Answer:

The amount of Compensation expense to Year 1 is $153,333.

Explanation:

Stock options granted                                       92000

X Fair value on date of grant                          5

Total compensation expense                       460000

Years                                                                    3    

Compensation expense per year 1                       53333

Therefore, The amount of Compensation expense to Year 1 is $153,333.

3 0
2 years ago
When Claire purchased her new cell phone, she was offered an opportunity to purchase a car charger and a cover together at a red
IgorLugansk [536]

Answer:

Price bundling strategy

Explanation:

Price bundling in business means combining several products or services into a single comprehensive package for an all-inclusive price that is reduced. Now Despite the fact that the items are sold for discounted prices, the benefit of price bundling is that it can increase profits because it promotes the purchase of more than one item. This is the strategy the cell phone provider used when Claire was purchasing her cell phone.

7 0
1 year ago
Read 2 more answers
Other questions:
  • A friend shares a bootlegged copy of a movie on dvd. are you in violation of copyright laws by watching this dvd?
    11·1 answer
  • Blue Ice Inc. is an American corporation. The company started out as a 1. ____ between Nick Selver and Rita Andrew in 1985. In 2
    7·1 answer
  • Which website would you visit to prepare a PROFILE
    14·2 answers
  • Billingsley, inc. is borrowing $60,000 for five years at an apr of 8 percent. the principal is to be repaid in equal annual paym
    9·1 answer
  • Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Colu
    6·1 answer
  • Scenario: You are an American Red Cross Disaster Program Specialist in charge of teams trained to help in sheltering displaced p
    5·1 answer
  • A fixed asset with a cost of $41,000 and accumulated depreciation of $36,000 is traded for a similar asset priced at $50,000 (fa
    8·1 answer
  • Jumbuck Exploration has a current stock price of $2.00 and is expected to sell for $2.10 in one year's time, immediately after i
    12·1 answer
  • Concussions and Brain Size A recent study1 examined the relationship of football and concussions on hippocampus volume in the br
    12·1 answer
  • Benge Automotive issued a corporate bond with a face value of $1,000, with a 10% annual coupon rate paid semiannually. The bond
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!