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2 years ago

A first step when considering a career is to________.

Business

1 answer:

Arisa [49]2 years ago

4 0

I would say to take tests to determine interests. it is necessary to analyze what type of job you would fit in.

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Martha, who is single, has a main home in Houston. In the current year, she rented it for 10 days, receiving $5,000 in rental in

uranmaximum [27]

Answer:

$5,000 increase

Explanation:

As Martha has the main home in Houston and in the current year she rented it for only 10 days, this means that house is rented for less than 14 days and will be still treated as her personal residence, therefore, no deduction will be available for Martha against her rental income. Martha's Adjusted gross income will be increased by an amount of $5,000.

6 0

2 years ago

Yogi expects to produce 1 comma 700 units in January and 2 comma 180 units in February . The company budgets 3 pounds per unit o

algol [13]

Answer and Explanation:

The Preparation of Yogi 's direct materials budget for January and February is shown below:-

Direct material budget

Two months ended Jan 31 and Feb 28

January February

Budgeted units to be produced a 1,700 2,180

Direct material pounds per unit b 3 3

Direct materials needed for

production (c = a × b) 5,100 6,540

Add: Desired direct material

in ending inventory (pounds) d 3,060 4,300

(5,100 × 0.6)

Total direct materials needed 8,160 10,840

(e = c + d)

Less: Direct material beginning in

inventory(pounds) f 5,200 3,060

Budgeted purchase of direct

material g = e - f 2,960 7,780

Direct material cost per pound h $15 $15

Budgeted cost of direct material

purchases i = g × h $44,400 $116,700

5 0

2 years ago

Use the following information to answer the next two questions. Downey Company bought a delivery truck for $62,000 on January 1,

natita [175]

Answer and Explanation:

The computation of the depreciation expense and book value at the end of 2016 is shown below:

But before that first determine the cost of the asset which is

Cost of the asset is

= Purchase price + rear hydraulic lift + sales tax

= $62,000 + $8,000 + $3,000

= $73,000

Now the depreciation expense is

= ($73,000 - $8,000) ÷ (10 years)

= $6,500

ANd, the book value is

= $73,000 - $6,500 × 2

= $60,000

7 0

2 years ago

Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,500,000 of 5% convertible bo

pishuonlain [190]

Answer:

Option (a) is correct.

Explanation:

Convertible preferred stock:

Numerator effect = 20,000 shares × $3

= $60,000

Denominator effect = 40,000 shares

Overall effect = $60,000 ÷ 40,000

= $1.50

Convertible bonds:

Numerator effect = $1,500,000 × 5% × (1 - 0.30)

= $52,500

Denominator effect = ($1,500,000 ÷ $1,000) bonds × 30 shares

= 45,000 shares

Overall effect = $52,500 ÷ 45,000

= $1.17

Tentative diluted EPS with only convertible bonds effect:

= [$600,000 - (20,000 × $3) + $52,500] ÷ (200,000 + 45,000)

= $592,500 ÷ 245,000

= $2.42

Effect of convertible preferred:

= [$592,500 + $60,000] ÷ (245,000 + 40,000)

= $2.29

6 0

2 years ago

Your firm is contemplating the purchase of a new $485,000 computer based order entry system. The system will depreciate straight

vodomira [7]

Answer:

14.29%

Explanation:

Calculation of the IRR for this project

First step is to find the depreciation

Each year depreciation will be :

$485,000/5=$97,000

Second step is to calculate for the Operating Cash flow for each year

Using this formula

Each year OCF=(Sales-costs)*(1-Tc)+Depreciation*Tc

=$140,000*76%+$97,000*24%=$129,680

Therefore in n five years, the after-tax salvage will be calculated as:

$35,000-($35,000-0)*Tc=$26,600

Hence in year 5, total cash flow will be:

=$129,680-$60,000+$26,600=$96,280

For the year 0, the total cash flow i will be:

-$485,000+$60,000=-$425,000

Last step is to find the NPV

Let NPV=-$425,000+$129,680/(1+IRR)^¹+ $129,680/(1+IRR)^²+ $129,680/(1+IRR)^3+$129,680/(1+IRR)^⁴+ $96,280/(1+IRR)⁵=0

IRR=14.29%

Therefore the IRR for this project will be 14.29%

6 0

2 years ago