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2 years ago

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Harrod underpaid her taxes for 2017 in the amount of $17,000, of which $9,500 is attributable to negligence. harrods negligence

penalty is $ . assume the $9,500 is attributable to civil fraud instead of negligence. harrods fraud penalty is

1 answer:

Scilla [17]2 years ago

4 0

Tax deficiency:$17,000

<em>Fraud penalty: 75%x$9,500 = $7,125</em>

Total due: $24,125

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Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $120 per unit. Variable expenses are $60.00 pe

umka21 [38]

Answer:

50%

Explanation:

Given: Selling price= $120 per unit.

Variable cost= $60 per unit.

First computing contribution margin.

Contribution margin= $Selling\ price\ per\ unit - variable\ cost\ per\ unit$

⇒ Contribution margin= $\$120 - \$ 60$

∴ Contribution margin= $\$ 60$

Now, calculating the contribution margin ratio.

Contribution margin ratio= $\frac{Contribution\ margin}{selling\ price\ per\ unit}$

⇒ Contribution margin ratio= $\frac{\$ 60}{\$ 120} \times 100$

∴ Contribution margin ratio= $50\%$

Hence, the product´s contribution ratio is 50%.

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2 years ago

Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns

yuradex [85]

Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns on its labor costs due to lower turnover and higher levels of productivity

Option A

<u>Explanation: </u>

While Costco costs its workers slightly more than its closest competitor, Sam's Club, Costco pays higher prices in order to recruit more professionals and to provide better customer service due to lower turnover and a similar financial return.

Direct costs involve wages for staff making a product and employees on the production line, while indirect costs apply to assistance, such as employees repairing factory equipment.

When labor costs are wrongly distributed or measured, the price of goods or services may be changed from their actual costs and profits from losses.

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2 years ago

Which of the following cannot be considered a benefit of implementing HACCP

DENIUS [597]

Answer:

The disadvantages of implementing HACCP are increased production and supervisory cost, and availability of staff time is less for other tasks, cost of implementation and reduced flexibility in production process and introduction of new process. The lack of understanding about HACCP, lack of time, staff turn over, employee motivation and lack of personal training are the main barriers of implementation.

Explanation:

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2 years ago

Read 2 more answers

On June 30, 2021, the Esquire Company sold some merchandise to a customer for $66,000. In payment, Esquire agreed to accept a 8%

umka21 [38]

Answer:

Esquire Company

Date Particulars Debit Credit

30 June Accounts Receivable $ 66,000

Sales $ 66,000

On June 30, 2021, the Esquire Company sold some merchandise to a customer for $66,000.

31 Mar Note Receivable $ 66,000

Account Receivable $ 66,000

Esquire agreed to accept a 8% note requiring the payment of interest and principal on March 31, 2022.

31 December Notes Receivable $ 66,000

Interest Receivable $ 3960

Sales $ 66,000

Interest Revenue $ 3960

To record the accrued interest earned. $66,000*8%= $ 5280. As it is for nine months the amount would be $ (5280/12)*9= $ 3960

31 March Cash $ 71,280

Interest Income $ 5280

Notes Receivable $ 66,000

March 31, 2022 collection of Note receivable and interest accrued.

2. The income will be understated by an amount of $ 3960 in 2021 if an adjusting entry is not made on Dec 31 of accrual interest.

The adjusting entry on 31st December 2022 of the interest accrual will not be required as interest has been received on March 31st 2022.

The income will be understated by $ 5280 in 2022 if an adjusting entry is not made on Mar 31st 2022 of the interest received.

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2 years ago

The widget market is competitive and includes no transaction costs. Five suppliers are willing to sell one widget at the followi

Mrac [35]

Answer:

Price Quantity Supplied Quantity Demanded

$2 1 1

$4 2 1

$8 3 1

$12 4 2

$20 4 2

$32 5 4

$44 5 5

In this market, the equilibrium price will beper widget, and the equilibrium quantity will be:

In this market, the equilibrium price will be $44, because is the price where the quantity supplied and the quantity demanded is the same: 5 widgets supplied, and 5 widgets demanded.

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3 years ago