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2 years ago

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Stew Beauf is a self-employed surfboard-maker in 2019. His Schedule C net income is $152,800 for the year. He also has a part-ti

me job and earns $9,168 in wages subject to FICA taxes. Calculate Stew's self-employment tax for 2019 using Schedule SE.

1 answer:

NikAS [45]2 years ago

6 0

The answer to this question is $356,567

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The following is a list of terms related to performance evaluation. 1. Balanced scorecard 5. Customer perspective 2. Variance 6.

strojnjashka [21]

Answer:

a. 2, b 8, c. 1, d. 3, e. 4, f. 5, g. 7, h. 6,

Explanation:

(a) <u>The difference between total actual costs and total standard costs is variance</u>. It can happen because of both external and internal factors. Labor variance, materials variance and overhead variances are example of variances.

(b) <u>Normal standards is described as the efficient level of performance which is attainable under expected operating conditions.</u>

(c)<u> Balance scorecard is defined as the approach that incorporates financial and non financial measures in an integrated system that links performance measurement and a company’s strategic goals.</u>

(d) <u>Learning and growth perspective is defined as the viewpoint employed in the balanced scorecard to evaluate how well a company develops and retains its employees.</u>

(e) <u>Non financial measures is described as an evaluation tool that is not based on dollars.</u>

(f) <u>Customer perspective can be defined as the viewpoint employed in the balanced scorecard to evaluate the company from the perspective of those people who buy its products or services.</u>

(g)<u> An optimum level of performance under perfect operating conditions is termed as ideal standards.</u>

(h) <u>A viewpoint employed in the balanced scorecard to evaluate the efficiency and effectiveness of the company’s value chain is called Internal process perspective.</u>

3 0

2 years ago

Warner Company's year-end unadjusted trial balance shows accounts receivable of $99,000, allowance for doubtful accounts of $600

dsp73

Explanation:

The journal entry to record the uncollectible is shown below:

On December 31

Bad debt expense $800

To Allowance for doubtful debts $800

(Being the bad debt expense is recorded)

The computation is shown below:

= Sales × estimated percentage - credit balance of doubtful accounts

= $280,000 × 0.5% - $600

= $1,400 - $600

= $800

5 0

2 years ago

A country's ability or intention to meet its financial obligations determines its ________. political risk economic risk legal r

MArishka [77]

<span>A country's ability to meet its financial obligations is the main determinant of its "economic risk". Whether a country will be able to repay debts which it takes on, such as in the form of bond issues, is a key driver of the willingness of investors to make capital contributions to a country, and the return that they expect in exchange for assuming that risk.</span>

5 0

2 years ago

4. The manager of a company wants to inform his employees that they will not receive a high holiday bonus because revenue is dow

guajiro [1.7K]

He should use a business email and or tell them directly

6 0

2 years ago

A proposed project has fixed costs of $83,000 per year. The operating cash flow at 9,100 units is $ 102,900. Ignoring the effect

natta225 [31]

Answer:

Ignoring the effect of taxes, what is the degree of operating leverage?

1.81

If units sold rise from 9,100 to 9,500, what will be the increase in operating cash flow?

$8,171.43 or 7.94%

what is the new degree of operating leverage?

1.75

Explanation:

degree of operating leverage = (units sold x contribution margin) / [(units sold x contribution margin) - fixed costs]

(units sold x contribution margin) - fixed costs] = $102,900

units sold x contribution margin = $102,900 + $83,000 = $185,900

degree of operating leverage = $185,900 / $102,900 = 1.81

contribution margin = $185,900 / 9,100 = $20.4286

operating cash flow (at 9,500 units) = (9,500 x $20.4286) - $83,000 = $111,071.43

operating cash flow will increase by $8,171.43 or 7.94%

new degree of operating leverage = $194,071.43 / $111,071.43 = 1.75

8 0

2 years ago