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2 years ago

8

Karen Most has a federal tax levy of $2,100.50 against her. If Most is single with two personal exemptions and had a take-home p

ay of $499.00 this week, how much would her employer take from her pay to satisfy part of the tax levy?

1 answer:

GREYUIT [131]2 years ago

5 0

2 because Karen already had done the federal tax levy of 2100.50 so I don’t matter so the answer is 2

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Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Colu

Mekhanik [1.2K]

Answer:

Value of closing Inventory under absorption costing = $56,610

Explanation:

Provided sales for the month = $902,000 a the rate of $22 per unit.

That means sales in units = $902,000/ $22 = 41,000 units.

Provided opening stock of finished goods = 8,770 units

Production for the month of November = 35,560 units

Closing inventory = Opening + Manufactured - Sales

= 8,770 + 35,560 - 41,000 = 3,330

Under absorption costing only manufacturing overheads are added to the cost of goods, operating expenses like selling & administrative do not form part of that.

Variable cost of goods sold do not include operating expenses, as variable selling expenses are provided separately.

Therefore cost of goods sold per unit = $574,000/41,000 = $14 per unit.

Variable selling expenses will not form part of value of closing inventory under absorption costing.

Fixed manufacturing expenses will be considered fully with the production quantity of 35,560 units as no production capacity has been provided.

Manufacturing fixed cost per unit = $106,680/35,560 = $3 per unit

Value of closing Inventory = Cost of goods sold per unit + Fixed cost per unit allocated

= ($14 X 3,330) + ($3 X 3,330) = $56,610

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2 years ago

Suppose that Sidney runs a micro financing agency that lends money to people to start small businesses in poor countries. Sidney

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Answer:

1) $9615.38

2)$9245.56

3) b is the correct option.

Explanation:

See the attached pictures for detailed answer.

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2 years ago

Imagine you are the director of global business development for a large Swedish engineering company that wants to win a contract

Nesterboy [21]

Answer: I would reject his demand for bribe straight away and i will recommend senior management to protect business ethics at all cost.

Explanation: first of all i would not accept the demand of bribe from the official and would try to report this corruption to the concerned authorities.I would try to pressure the authorities to take strict actions against the official and to make the process to be fair and honest in every way.

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2 years ago

Colby & Company bonds pay semi-annual interest of $50. They mature in 15 years and have a par value of $1,000. The market ra

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Answer:

Price of bond = $ 1,172.92

Explanation:

<em>The value of the bond is the present value (PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>

Value of Bond = PV of interest + PV of RV

The value of bond for Colby & Company can be worked out as follows:

Step 1

<em>PV of interest payments </em>

Semi annul interest payment = 50

Semi-annual yield = 8%/2 = 4% per six months

Total period to maturity (in months)

= (2 × 15) = 30 periods

PV of interest =

50 × (1- (1+0.04^(-30)/0.04)= 864.60

Step 2

<em>PV of Redemption Value </em>

= 1,000 × (1.04)^(-30) =308.318

Step 3:

<em>Price of bond </em>

= 864.60 + 308.318 = $1,172.92

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2 years ago

The CFO of a publicly traded company is expecting to pay a dividend next year of $1.25 and projecting that the price of the comp

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Answer:

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2 years ago