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2 years ago

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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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2 years ago

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The Two Dollar Store has a cost of equity of 11.9 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40

Bezzdna [24]

Answer: 9.03%.

Explanation:

Given: The Two Dollar Store has a cost of equity of 11.9 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40 percent.

Debt to equity ratio is .54

i.e. $\dfrac{debt}{equity}=\dfrac{0.54}{1}\ ...(i)$

Adding denominator to numerator on both the sides, we get,

$\dfrac{debt+equity}{equity}=\dfrac{1.54}{1}\\\\\Rightarrow\ \dfrac{equity}{debt+equity}=\dfrac{1}{1.54}$

i.e. Weighted equity = $\dfrac{1}{1.54}\ ....(ii)$

From (i)

$\dfrac{equity}{debt}=\dfrac1{0.54}\$

Adding denominator to numerator on both the sides we get,

$\dfrac{equity+debt}{debt}=\dfrac{1+0.54}{0.54}$

$\dfrac{equity+debt}{debt}=\dfrac{1.54}{0.54}$

Thus, weight of debt= $\dfrac{1.54}{0.54}$

Now,

Weighted average cost of capital=(Weight of equity) × (cost of equity)+(Weight of debt)×(Cost of debt)×(1-tax rate)

$\dfrac{1}{1.54}\times (0.119)+\dfrac{0.54}{1.54}\times(0.062)\times(1-0.40)\\\\=0.07727+0.02174(0.60)\\\\=0.07727+0.02174(0.60)\\\\=0.07727+0.013044\\\\=0.090314\approx9.03\%$

Hence, the weighted average cost of capital is 9.03%.

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2 years ago

Strand company is planning to sell 400 buckets and produce 380 buckets during march. each bucket requires 500 grams of plastic a

Alekssandra [29.7K]

Given the data in the problem, we can calculate the cost of production for each bucket:

one bucket requires:

500 grams of plastic and one-half hour of direct labor.

The plastic costs $10.00 per 500 grams and the employees are paid $15.00 per hour.

Therefore, one bucket costs (material and labor):

$10.00 + $15.00 * (1/2 hour) = $17.50 per bucket plus (1.10 * $7.50) = $25.75

for 380 buckets :

$25.75 * 380 = $9785

This value only represents the cost of production of 380 buckets for the month of March. <span />

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2 years ago

The direct labor rate for Brent Corporation is $9.00 per hour, and manufacturing overhead is applied to products using a predete

Paladinen [302]

Answer:

1.- first question D. Beginning WIP: $8,500

2.- second question A raw materials used. $63,000

3.- third quesion B. $21,700 actual overhead

Explanation:

Balance in May 1st

4,000 direct materials

300 hours x $9 labor rate = 2,700

300 hours x $6 overhead rate = 1,800

Total 8,500

We have to calculate the total cost for materials added for the month

beginning + purchase - used into production = ending

We are given the fact that balance decrease by 3,000 so

ending - beginning = -3,000

we post that into the formula:

purchase - used into production = ending - beginning

60,000 - production = -3,000

production = 63,000

applied overhead:

3,200 hours x 6 = 19,200

If underapplied by 2,500 then:

applied - actual = -2,500

so

19,200 - actual = -2,500

19,200 + 2500 = actual

actual overhead = 21,700

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2 years ago

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Rudik [331]

Answer:

An app on their phone if I had a guess. Or, they didn't use a smart device and they did those things.

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2 years ago

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