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2 years ago

Robert Bryan, Jr., earns $400 per week plus 3% of sales in excess of $7,000.

1 answer:

6 0

U take the 3% which is 0.03 multiply by $7000 to get $210 for each $7000 Robert sales in excess
so if Robert sells $21000 then it $400 plus $630 (from $21000 multiply by 3%) to get $1030 for his weekly earnings

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Bay Company acquires 60, 8%, 5 year, $1,000 Community bonds on January 1, 2014 for $60,000. The journal entry to record this inv

Alenkinab [10]

Answer: Interest revenue for $2400

Explanation:

From the question, we are informed that Bay Company acquires 60, 8%, 5 year, $1,000 Community bonds on January 1, 2014 for $60,000. The journal entry to record this investment includes a debit for Interest revenue for $2400.

This was calculated in the following way:

= $60,000 × 8% × 1/2

= $60,000 × 0.08 × 0.5

= $2400 interest revenue

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2 years ago

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Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries,

nikdorinn [45]

Answer:

A) $76500

B) $72500

C) $24750

D) tax refund of $260

Explanation:

A) calculate Marc and Michelle's gross income

Marc salary = $64000

Michelle's salary = $12000

interest from corporate bond = $ 500

Hence gross income = 64000 + 12000 + 500 = $76500

B) Calculate Marc and Michelle's Adjusted gross income

Gross income = $76500

qualifying moving expenditure = $2500

Alimony paid to previous spouse = $1500

adjusted gross income = 76500 - 2500 - 1500 = $72500

C) Calculate the total amount of Marc and Michelle's deductions from AGI

Standard deduction = $12600

itemized deduction = $6000

personal and dependency allowance = $12150

To calculate the Deductions from AGI we have to add the personal and dependency allowance to the standard deduction ( higher value between standard deduction and itemized deduction )

= 12600 + 12150 = $24750

D ) calculate Marc and Michelle's taxable income

Adjusted gross income = $72500

deduction from itemized deduction = $24750

taxable income = 72500 - 24750 = $47750

E) Determine if Marc and Michelle's taxes payable or refund due for the year

Tax rate schedules :

between $18451 to $79000 : tax rate = $1845 + 15% of income over $18450

Taxable income = $47750

Tax liability = 1845 + (47750 - 18450) * 15% = $6240

child tax credit = $1000

prepayment of taxes = $5500

Tax refund = tax liability - child tax - prepayment of taxes

6240 - 1000 - 5500 = $260

hence there will be a tax return of $260

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2 years ago

Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Scilla [17]

Answer:

Unit cost 82

Explanation:

Vaiable cost per unit:

materials 49

Labor 28

Variable OH 5

Unit cost 82

The variable selling and administrative expense will be listed in the income statemnt as part of the variables cost to determinate the contribution, but it is not part of the production cost, it doesn't activate through inventory.

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2 years ago

For good X, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping s

Pepsi [2]

Answer:

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We now sovle for the area of the triangle:

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Answer:

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